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BidTrade -

Suspicious Clone

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BidTrade

Item: BidTrade
Rating: 1.39

China|2-5 years|

Suspicious Scope of Business|High potential risk|

https://bidtrade.net

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Open Account Time Machine

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https://bidtrade.net

Licenses

FCA Suspicious Clone

United Kingdom AR

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Warning: Low score, please stay away! 2

Previous Detection : 2024-12-06

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The United KingdomFCA regulation (license number: 763377) claimed by this broker is suspected to be clone. Please be aware of the risk!

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BidTrade · WikiFX Survey

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BidTrade · Company Summary

Note: BidTrade's official website - https://bidtrade.net is currently inaccessible normally.

BidTradeReview Summary
Founded	2023
Registered Country/Region	/
Regulation	FCA (Suspicious clone)
Market Instruments	/
Demo Account	/
Leverage	Up to 1:100
Spread	/
Trading Platform	Web-based
Min Deposit	$250
Customer Support	Tel: +4001179181216
Customer Support	Address: 50 Broadway, London, SW1H 0BL, UNITED KINGDOM

BidTrade was registered in 2023. Information about this company is scarce, and what is clear is that it uses its own web-based trading platform, and the minimum deposit is $250, with a maximum leverage of 1:100. Moreover, it holds a suspicious clone FCA license, and the potential risks are pretty high.

Pros and Cons

Pros	Cons
None	Inaccessible website
	Suspicious clone license
	Not supported by MT4 or MT5
	High minimum deposit
	Only email support

Is BidTrade Legit?

No, BidTrade holds a suspicious clone license. Since its website is inaccessible and its own trading platform is not stable, the potential risks are rather high, and please be aware of the risks!

Regulatory Authority	Financial Conduct Authority (FCA)
Regulatory Status	Suspicious Clone
Regulated by	United Kingdom
Licensed Institution	Bids Trading Limited
Licensed Type	Appointed Representative (AR)
Licensed Number	763377

Leverage

In BidTrade, the leverage can be up to 1:100. When the leverage is high, potential risks may also be high. Therefore, please be careful and weigh the risks before investing.