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The WikiFX Score of this broker is reduced because of too many complaints!

BitForex

United States|2-5 years|
Suspicious Regulatory License|Global Business|High potential risk|

https://www.bitforex.com/

Website

Rating Index

Influence

Influence

AAA

Influence index NO.1

India 9.15

Surpassed 28.61% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

hr@bitforex.com
https://www.bitforex.com/
https://www.facebook.com/bitforexcom
https://twitter.com/bitforexcom
The WikiFX Score of this broker is reduced because of too many complaints!

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

Open Now

Disclosure

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Warning

HK SFC
2024-03-04

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
BitForex
VZN FOREX
SANDWIND GLOBAL

Danger

MY SCM
2020-01-01

Broker Information

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Company Name

BitForex

Company Abbreviation

BitForex

Platform registered country and region

United States

Company website
Twitter
Facebook
Instagram
YouTube
Linkedin

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    BitForex · Company Summary

    Company Summary

    Company profile

    General Information & Regulation

    BitForex is a cryptocurrency exchanges dedicated to providing investors with 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.

    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

    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 & Withdrawal

    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.

    BitForex Pros & Cons

    Bitforex Advantages Include:

    1. MT5 trading platform

    2. Multiple deposits & withdrawal methods

    Bitforex Disadvantages Include:

    1. No regulation

    2. No account & leverage information provided

    3. High transaction fees & withdrawal costs

    News

    Alert: Bybit and BitForex Face Hong Kong Regulatory Scrutiny

    NewsAlert: Bybit and BitForex Face Hong Kong Regulatory Scrutiny

    2024-03-15 16:49

    Hong Kong’s SFC issues cautionary statement on unlicensed cryptocurrency exchanges that pose high risks to investors.

    WikiFX
    2024-03-15 16:49
    News
    Alert: Bybit and BitForex Face Hong Kong Regulatory Scrutiny
    BitForex Launches Frax Share (FXS) at 11:00 on January 21st, 2023 (GMT+8)

    NewsBitForex Launches Frax Share (FXS) at 11:00 on January 21st, 2023 (GMT+8)

    2023-01-28 14:22

    BitForex exchange provides a safe and transparent environment for staking coins, various altcoins and perpetual contracts, and spot trading. As part of their services to their users, they publically announced the listing of Frax Share (FXS) on BitForex. The details are listed below - Happy trading!

    WikiFX
    2023-01-28 14:22
    News
    BitForex Launches Frax Share (FXS) at 11:00 on January 21st, 2023 (GMT+8)
    BitForex Will Add 21 USDC Pairs to Spot Trading Market

    NewsBitForex Will Add 21 USDC Pairs to Spot Trading Market

    2022-12-30 15:09

    BitForex is one of the leading cryptocurrency exchanges in the world. By providing a wide range of trading products, which includes: spot trading, margin trading, and derivatives. BitForex constantly lanuch new features and products by adapting to the user needs.

    WikiFX
    2022-12-30 15:09
    News
    BitForex Will Add 21 USDC Pairs to Spot Trading Market
    WikiFX Review: Please stay away from BitForex

    ExposureWikiFX Review: Please stay away from BitForex

    2022-09-29 16:34

    If your forex broker shows any of the following signs, stay away!

    WikiFX
    2022-09-29 16:34
    Exposure
    WikiFX Review: Please stay away from BitForex

    User Reviews

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    User comment

    6

    Comments

    Write a review

    子钧
    more than one year
    I prefer this broker because of bonus offered and flexible conditions of accounts. But it let me down during to my consistent losses. Honestly, I won’t try this broker any more.
    2023-02-27 13:41
    Reply
    0
    0
    FX1222892502
    more than one year
    Crooks, avoid at all costs. They will steal your money. They take advantage of people forced to work from home and keep them from withdrawing funds until they have a big pot, then they make away with their money and run away.
    2023-02-14 18:23
    Reply
    0
    0
    Xu nguyễn
    more than one year
    They tricked me into paying taxes, paying verification fees, paying transaction fees. I was in debt because of this platform. they froze my account and took all my money. damn it
    2022-12-28 13:07
    Reply
    0
    0
    我行我素79248
    more than one year
    They should call my friend Tommy to invest in their platform! I have no interest in cryptocurrency at all, too complicated. Why they keep dialing my number again and again?!
    2022-12-19 09:43
    Reply
    0
    0
    FX1180765206
    more than one year
    Withdrawals have to pay taxes and service fees. . . There is a fee for everything. . It is also much higher than other traders. . Thinking about money is crazy. . I'm here to make money, not to give you money! Can you please give me my money back?
    2022-12-15 13:41
    Reply
    0
    0
    FX1155717310
    more than one year
    I was deceived by this black platform, they promised me that I could get high profits, but in fact, after I made a deposit according to their requirements, they manipulated my account and lost all the money in my account. Don't be fooled by this black platform, otherwise you will lose a lot.
    2022-12-13 10:42
    Reply
    0
    0
    11
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    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
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