Bitspotrade

Trading Center Bitspotrade

The center informs about its “global presence”, providing services to clients from different countries, but does not specify the country of its origin. The official website lacks both registration documentation and the address of the head office. The company also does not provide any licenses or other regulatory documents.

The resource bitspotrade.com is available in several languages, including Russian. The main page looks appropriate.

The contact information includes an email and a feedback form. The online chat is almost inactive, there is no phone number, and no support in messengers. Links to social media pages are also absent.

The company claims to have 10 years of experience, but the actual start date of its operations cannot be determined due to the lack of registration documents.

Trading Conditions of Bitspo Trade

The trading center offers working with various assets, including:

• Forex.

• Stocks.

• Commodities.

• Metals.

• Indices.

• Cryptocurrencies.

To start trading, registration and creating a real account are required, a demo account is not provided. The offered account types by Bitspotrade:

• MINI. $500-$5,000.

• STANDARD. $5,001-$10,000.

• GOLD. $50,000+.

• PLATINUM. $150,000+.

Comparing the account types, it can be noted that there are almost no differences, except for VIP support for the PLATINUM account. The common features of all four types of accounts include:

• Three base account currencies to choose from – EUR, USD, GBP.

• Floating spreads.

• Leverage up to 1:50.

• Hedging.

• 24/7 support.

• Minimum trade volume of 0.01.

• Protection against negative balance.

• First 5 risk-free trades.

Reviews about Bitspo Trade can help in choosing the account type and making a decision on cooperation.

Trading Platforms

Access to the MT4 terminal is provided for all accounts, which has already become a “classic” for many traders. In addition to MT4, the Sirix Station platform is available, which the company advertises as advanced with the ability for quick access to global financial markets in a user-friendly interface.

Traders can also use the Mobile Trader mobile application for trading on their mobile devices, which can be downloaded from the Apple Store or Google Play.

Account Funding and Withdrawal from Bitspotrade

The center publishes a list of supported payment system logos.

The “Deposit and Withdrawal” document (available on the site, but only in English) contains information about the process of depositing and withdrawing funds. For example, when depositing with a credit/debit card, the minimum amount is 250 euros/dollars/pounds, and for a bank transfer – 3000 euros/dollars/pounds.

The processing and withdrawal fee is not specified. A withdrawal request is usually processed within 5 business days, and after approval, it may take up to 10 business days to complete the process.

Conclusion

Before starting cooperation, it is recommended to study the reviews about Bitspotrade and consult with independent experts, as the broker lacks registration documents and licenses, and information about the company’s management and employees is not provided.