BitBot AutoTrade
About BitBot AutoTrade Company
Company slogan: “Register and get $1000 on a demo account. Improve your trading skills with the market leader in binary options.”
BitBot AutoTrade has been operating in the market since 2012. There is no information available about the company’s registration and legal address. Binary options are not licensed. Contact is suggested to be made only via email. Information about the owners and employees of the company is not disclosed. The website bitbot-autotrade.com is available in English and Russian.
Trading Conditions of BitBot AutoTrade
The company offers binary options with fixed profit at the time of contract conclusion.
HIGH options involve betting on price growth, while LOW options on price decline. The duration of options usually does not exceed 24 hours. BitBot AutoTrade emphasizes trading within 60 seconds. It is important to note that after the contract is concluded, it is impossible to change the option terms.
The company offers the use of its own software called Money Management for trading. A demo version of the platform is available, where the minimum bet is $10 USD.
Account Funding and Withdrawal
BitBot AutoTrade credits bonuses to new clients, but requires trading them. Withdrawal of funds becomes available after trading the credited amount 30 times. There are other restrictions described in the “Bonus Program Rules” section.
Even if bonuses are declined, the trader must trade the volume of operations equal to the amount of their deposit. The company explains this condition as a measure against money laundering.
When requesting a withdrawal, BitBot AutoTrade may require additional documents and process the request within 3 business days. Methods of depositing and withdrawing funds are available only through the company’s personal account. The base currency is the US dollar.
A commission is charged for fund withdrawals. Once every 30 days, clients can exercise the right to withdraw with a minimum commission, the size of which is not specified. Frequent withdrawals will incur an additional commission of $10 USD per transaction.
Conclusion
Binary options brokers attract with simple rules, but it is important to remember the lack of a license. Before making a decision, it is recommended to carefully study the rules and reviews about BitBot AutoTrade on various platforms.