Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Bit Options Pro presents itself as an online Forex and cryptocurrency STP broker registered in the United Kingdom, providing CFD trading on hundreds of assets with floating spreads from 0.2 pips on the award-winning MT4 platform via 4 different packages, as well as 24/5 multi-lingual customer support services. Here is the home page of this brokers official site:
As for regulation, it has been verified that Bit Options Pro currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.21/10. Please be aware of the risk.
Market Instruments
Bit Options Pro advertises that it offers access to over 2,100 assets to trade, including forex, cryptocurrencies, stocks, and real estate.
Packages
Bit Options Pro claims to offer four types of packages - Silver, Gold, Diamond and Platinum, with minimum initial deposit requirements of $500, $10,000, $50,000 and $100,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Spreads & Commissions
The spreads and commissions with Bit Options Pro are scaled with the asset class. For example, the spread on forex is as low as 0.2 pips, while on cryptocurrencies starts from 0.4 pips. As for the commission, $3 on US Stocks, while $500 per lot on real estate.
Trading Platform Available
The platform available for trading at Bit Options Pro is one of the most notable and preferred trading platforms the market offers - MetaTrader4 on desktop and mobile devices. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Bit Options Pro says that users can deposit via Credit/Debit card, Wire Transfer, Bitcoin, and Digital Finance Global. There are no fees for depositing with either Credit/Debit cards or even Wire Transfers. The minimum deposit in BTC is $50.
When depositing or withdrawing via Bitcoin, Digital Finance Global will not charge a fee, however, there is a standard networking fee of 0.0005 BTC when allocating funds through the Blockchain network. If you send funds from your Bitcoin wallet then typically the funds will credit when they reach 6 confirmations, a process that can take up to 6 hours.
Customer Support
Bit Options Pros customer support can be reached by telephone: +44 7401 093265, email: support@bitoptionspro.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and YouTube. Company address: Wenlock Road 34-37 N2 8P London United Kingdom.
Pros & Cons
Frequently Asked Questions (FAQs)
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