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/10

bitfreezy

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

https://www.bitfreezy.com/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

India 2.54

Surpassed 50.56% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

contact@bitfreezy.com
https://www.bitfreezy.com/

Licenses

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

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Bitfreezy Financials LLC

Company Abbreviation

bitfreezy

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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bitfreezy · Company Summary

General Information & Regulation

Bitfreezy is predominantly a crypto trading broker that was established in 2019, even though it claims to have been operating for over 25 years on the market. It offers assets from other markets as well, including Forex, indices, and commodities. Bitfreezy, which is owned and operated by Bitfreezy Financials LLC – an offshore company based on Saint Vincent & the Grenadines, which does not fall under any regulatory agency.

Markets Instruments

Bitfreezy advertises that it offers over 80 financial instruments, including currency pairs and CFDs on various financial products such as metals, indices, energy commodities, stocks and crypto currencies.

Minimum Deposit

Bitfreezy says you can start trading with just 100 USD, and this is in line with the best practices on the market. Still, some well-known brokers will let you open a trading account with just 5 USD or so.

Leverage

Bitfreezy offers a whopping 1:1000 leverage. Credible brokers always warn their clients that using too high leverage ratios can expose them to higher risks, yet the Bitfreezy FX brokerage carries on without any prompt or warning.

Spreads & Commissions

As for spreads, the broker features a very shallow 0.1 minimum spread for EUR/USD pairs. Now, if there were other commissions to offset the spreads, we wouldn‘t be so suspicious, yet Bitfreezy also boasts with zero or very low commission charges. It doesn’t even charge swaps for overnight trades, which is super-suspicious and makes us wonder where the broker gets the funding from.

Trading Platform Available

What Bitfreezy offers to its traders is MT5 trading platform. MT5 comes with a fine set of advanced charting tools, numerous modifiable market indicators and specially designed trading robots, with the help of which one can easily run automated trading sessions.

Deposit& Withdrawal

Bitfreezy accepts payments only with bitcoins, while most brokers accept payments with major cards like VISA and MasterCard and e-wallets like Neteller and Skrill.

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more than one year
I tried to withdraw but all to no avail. Honestly, you are messed up if you choose to trade with Bitfreezy. They will never give your money back and makeup excuses for everything.
2022-12-07 14:23
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