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Company Name:
BitForexCompany Abbreviation:
BitForexPlace of registration:
Regulatory Status:
No RegulatoryCustomer Service Email Address:
--Customer Service Phone Number:
--Company summary
BitForex is currently one of the world's leading cryptocurrency exchanges dedicated to providing investors with professional, convenient, and secure trading services in the cryptocurrency market. Founded in 2018, BitForex is headquartered in Singapore and set offices in Hong Kong, Estonia, the Philippines, Malaysia, and other locations. It is worth noting that BitForex is not currently regulated in any way. About MoreWarning: Low score, please stay away!
Previous Detection: 2021.04.12 Risk: 1 Item
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Induced u step by step. First, you must complete the reserved recharge amount, and then you have to pay taxes, and you can't withdraw funds.
HALLO. THANK YOU FOR GIVING ME THE OPPORTUNITY TO WORK WITH YOU ON THIS BAD SITUATION WE HAVE FOUND OURSELVES IN.. AS YOU KNOW THIS IN THE MATTER AND CONCERN TO BITFOREXOPTION.COM TRADING APPLICATION ON FACEBOOK AND GOOGLE WHERE YOU HAVE LINKS ALREADY AS I EXPLAINED I JOINED THE BITFOREXOPTION.COM APPLICATION WITH A BROKER NAMED MR ANDREW PERTERSON AFTER GETTING A MESSAGE FROM HIM VIA FACEBOOK ON THE 12TH OF SEPTEMBER 2020. WOW WHAT A ABSOLUTELY TERRIBLE MISTAKE THIS WAS STARTING
BitForex will con you to deposit fund by utilizing Zhongxin’s logo and give no access to withdrawal.
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The data are from WIKI Research
2021.04.12 updated
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Basic Information & Regulation of BitForex
BitForex is currently one of the world's leading cryptocurrency exchanges dedicated to providing investors with professional, convenient, and secure trading services in the cryptocurrency market. Founded in 2018, BitForex is headquartered in Singapore and set offices in Hong Kong, Estonia, the Philippines, Malaysia, and other locations. It is worth noting that BitForex is not currently regulated in any way.
Safety Analysis of BitForex
The primary criterion for determining whether a forex trading platform is safe or not is whether it is formally regulated, and BitForex, as a cryptocurrency brokerage firm, is currently unregulated, which means that investors' trading activities and the safety of their funds are not effectively protected. Therefore, investors are advised to stay away from this BitForex cryptocurrency brokerage firm.
Market Instruments
BitForex offers investors access to the popular cryptocurrencies currently available in the cryptocurrency market, mainly Bitcoin, Ether, Thaumaturgic, Litecoin, etc.
Commission fees
BitForex charges a fee of 0.10% per trade for orders executed on the platform.
Trading Platform Available of BitForex
BitForex offers traders the most advanced MT5 trading platform available. For traders and investors, the trading platform provided by the exchange is a very important part of the trading activity. The trading platform is the software algorithm that controls and oversees the entire trading activity. Trading platforms offered by most cryptocurrency exchanges are very similar when it comes to trading views, including buying and selling boxes, historical orders, various price charts, etc. However, the user interface provided by the exchange is different. BitForex offers investors a simple and intuitive trading interface.
Deposit and Withdrawal of BitForex
BitForex supports traders to deposit and withdraw funds to and from their investment accounts through a number of different methods, such as credit/debit cards, wire transfers, and cryptocurrency transfers. Additionally, BitForex charges a fee of 0.0005 BTC for each bitcoin withdrawn by its clients.
Pros & Cons of BitForex
The main advantages of Bitforex are:
1. MT5 trading platform
2. Multiple deposits & withdrawal methods
The main disadvantages of Bitforex are:
1. No regulation
2. No account & leverage information provided
3. High transaction fees & withdrawal costs
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.