General information and regulations of BitForex
BitForex is a cryptocurrency exchanges dedicated to providing investors with trading services in the cryptocurrency market.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
BitForex is dedicated to provide instruments about cryptocurrencies, such as cryptocurrencies and NFTs.
Spreads and commissions for trading with BitForex
In the case of BitForex, the trading costs are shown in a separate page. We can see that there are maker, taker, spot and perpetual fees.

Account Types for BitForex
BitForex does not provide account information. Generally, Forex brokers offer several different levels of real accounts with different trading conditions (leverage, spreads, commissions, etc.) depending on the minimum deposit amount. In addition, many brokers offer demo accounts, where interested parties can trade without incurring real money losses. Due to the law prohibiting interest in the Islamic region, some brokers also offer Islamic accounts without overnight interest charges.
Trading platforms offered by BitForex
BitForex does not give information about its trading platform, but from the peers and the website as a whole, it should be a trading platform developed by itself.
Leverage offered by BitForex
We can't find information about trading leverage on BitForex's website. However, according to the situation on other forex brokers, the maximum leverage for cryptocurrencies is usually very low, around 1:2.
Deposit and withdrawal methods and fees
In BitForex, deposits are free, but withdrawals are charges some fees, and a minimum amount and 24h limit are required. For example, for BTC withdrawals, the fees are 0.0005 BTC, the minimum withdrawal amount is 0.001 BTC and the 24h limit is 150 BTC.

Educational resources
There is no education section on the BitForex website. Many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries that provide some basic knowledge about trading. This is not the case with BitForex.
Customer support of BitForex
Below are the details about the customer service.
Language(s): English, Korean, Chinese, Portuguese, Russian, Japanese
Email: support@bitforex.com
Social media: Facebook, Instagram, LinkedIn, YouTube, twitter, telegram
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Advantages and disadvantages of BitForex
Advantages:
Many instruments available
Disadvantages:
Complaints
No effective regulation
Few information available
Withdrawal fees
No MT4/MT5
No copy trading
Frequent asked questions about BitForex
Is this broker well regulated?
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.