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/10

Bitfargo

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.bitfargo.io/home

Website

Rating Index

Contact

+442039877739
support@bitfargo.io
https://www.bitfargo.io/home
Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

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Contact number

English

+442039877739

Broker Information

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Company Name

Bitfargo

Company Abbreviation

Bitfargo

Platform registered country and region

Saint Vincent and the Grenadines

Company website
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Warning: Low score, please stay away!
Previous Detection : 2024-03-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Bitfargo · Company Summary

Official Website Unavailable

The broker's official website does not work, and the information is not available on other websites as well, thus, clients only take a poorly-conceived browse. In addition, if clients would like to know something detailed, please try to visit the official website, although it is likely that it does not work. Besides, the official website is as follows: https://www.bitfargo.io/home

General Information

Bitfargo is an emerging broker with a focus on cryptocurrencies, and the company was registered in Saint Vincent and the Grenadines with the resident at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent, and the Grenadines.

Market Instruments

In addition to the cryptocurrencies (BTC & XRP & LTC ), Bitfargo also offers traders a world-class trading experience with hundreds of tradable financial instruments including Forex (FX), Commodities, Stocks, as well as Indices.

Accounts & Leverage

Bitfargo provides the trader with three types of account, based on ones initial investment, Bitfargo offers multiple account types including Basic Account, Gold Account, as well as Platinum Account with very different conditions, besides, the minimum amount varies from 10,000 USD to 250,000 USD, for instance, the Basic Account sets a limit to the minimum deposit for 10,000USD, and the clients who would like to be the member of the Gold Account have to deposit the money of 50,000 USD, and the amount for the Platinum Account is no less than 250,000 USD. In addition, it is said that the leverage is capped at 1:200.

Spreads & Commissions

All the info we know is that the broker offers a high spread that the spread starts from 2.0 pips for EUR/USD pairs, whats more, not any commission info referred on the other websites.

Trading Platform

Bitfargo is non MT4/MT5 software provider, instead, clients are allowed to apply on a web-based trading platform that supports multiple time frames, charts, and some of the most popular drawing tools and price indicators.

Deposit & Withdrawal

Bitfargo accepts deposits via Bitcoin and wire transfers.

Customer Support

If in any doubts as to transactions, please call at +442039877739 or e-mail at support@bitfargo.io within a reasonable time.

Risk Warning

Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisors.

User Reviews

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朝阳晨曦
more than one year
The minimum deposit required for a basic account is very high. What’s worse, the account is not provide with negative balance protection. The account manager was also very ignorant and unable to provide any valuable trading advice. Overall, I feel very satisfied with Bitfargo platform. I could recommend this broker to you guys.
2023-03-22 13:41
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Reggy Ron
more than one year
Warning!!! Bitfargo is a sinking ship who have resorted to scamming its investors. Don’t waste your precious time on these scammers! Stay away quickly!!
2022-12-08 14:42
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