Broker My 4 Bits
The company My 4 Bits claims that its head office is located at Val-de-Travers NEgasse 4 8259 Rheinau. However, a check of the German registration of this brokerage center did not confirm the presence of the relevant documents.
Despite the lack of registration, the firm can boast several licenses: FCA, ASIC, FSC Mauritius, as well as FSCA. License numbers can be found on the official website for further verification on the regulators’ websites.
The website my4bits.com is presented in Russian. The main ways to contact the company include a phone number, email, and a callback request form. Links to social media pages are not provided.
Trading Conditions of My 4 Bits
The trading platform of My 4 Bits offers more than 200 financial instruments, including currency pairs, precious metals, stocks, commodities, indices, and cryptocurrencies.
- Currency pairs.
- Precious metals.
- Stocks.
- Commodities.
- Indices.
- Cryptocurrencies.
Access to assets depends on the type of trading account. My 4 Bits’ accounts are presented as follows:
- Standard. Minimum deposit $150. Leverage 1:100.
- Gold. Minimum deposit $1000. Leverage 1:500.
- Platinum. Minimum deposit $10000. Leverage 1:500.
Instant execution of trades is available for all accounts, but access to cryptocurrencies and precious metals is not provided to all traders. Also, clients with a Standard account type cannot insure their deposits. Platinum account holders are guaranteed deposit protection and round-the-clock support.
The website my4bits.com features an online calculator for automatic calculation of free margin levels and commission sizes for transactions.
To obtain reliable information about the company, it is necessary to study reviews about My 4 Bits. However, for a complete picture, one should consider the company’s claimed advantages, such as a low minimum deposit size, a convenient fund deposit/withdrawal system, provided with multiple licenses and highly qualified support.
Funding and Withdrawal with My 4 Bits
The company’s website does not provide information on available methods of depositing and withdrawing funds. The company describes the funding and withdrawal system as “convenient,” but does not provide additional details on commissions, crediting periods, and other important conditions.
Conclusion
The presence of licenses at My 4 Bits is an advantage, but the insufficient informativeness of the official website represents a serious drawback. To make an informed decision about cooperation with this company, it is necessary to obtain additional information, read reviews, and consult with experts in the field.