Bitofbites
Bitofbites positions itself as an advanced platform with popular financial instruments for trading activities. The company promises clients free real-time quotes and round-the-clock online support.
The broker offers a basic set of trading instruments: currencies, indices, commodities, stocks, metals, and cryptocurrencies. It also mentions the availability of useful analytical tools, round-the-clock online support, and privileged trading conditions.
The Bit of bites broker states Cyprus as its country of registration, but operates in accordance with the requirements of the Securities and Exchange Commission of the Marshall Islands and the Financial Services Commission of Mauritius. The company does not provide any legal documents.
Bitofbites Trading Conditions
To use the broker’s services, users need to register, create a personal account, and select an account according to their financial capabilities.
As stated on bitofbites.com/ru/, traders have access to the latest economic news, premium trading products, deals with narrow spreads. Bitofbites clients can expect full security of their accounts.
Trading account options:
- Go on start. Minimum deposit is $500, leverage is 1:20. Instant execution (up to ¼ sec.). Suitable for beginner traders.
- Get developed. Initial capital – $3,000. Leverage – 1:500, trading with cryptocurrencies, instant execution, mandatory deposit insurance.
- Professional. Entry threshold – $10,000. Instant execution, leverage – 1:500, deposit insurance, round-the-clock support, cryptocurrency trading.
Additionally, a referral program is provided for passive income. Three collaboration options have been developed:
- Cost for Lead (one-time reward for the first deposit of the attracted client),
- Web partnership (web platform with a ready-made business model),
- Service development (partnership reward on individual terms).
The company positions itself as a leading platform for trading activities, operating with a maximum number of assets and having significant interbank liquidity.
Account Funding and Withdrawal from Bitofbites
There is no information on the company’s website about financial operations, no list of operating payment systems. Information on the money transfer algorithm and subsequent withdrawal from the account is completely absent on the site. There is no data on the maximum allowable withdrawal amount, as well as the number of financial transactions per day.
Conclusion
Bitofbites offers services to traders of different categories, with a minimum initial deposit of $500. The website states that the company’s activities are legal and regulated by the relevant authorities, however, all presented companies belong to different jurisdictions and are not related to the legal field of the EU and the USA. Payment system options for transferring money to and from the account are not specified.