Bit Nex: Reliable Broker or Scam?
Bitnex is a brokerage service that promises its clients the opportunity to earn money trading binary options. According to information posted on the official website bit-nex.com, the broker serves 127 countries, conducts over 240 transactions daily, and has a capital of around $200,000.
Registration and Licensing
Bitnex LLC acts as the legal entity of the broker. A copy of the registration certificate confirming the company’s official registration in the United Kingdom under number 18426578 is posted on the website. However, information about licensing and cooperation with regulatory authorities is missing. Bitnex claims to have been providing its services since 2017 but does not disclose information about the owners and managers of the company.
Trading Tools and Platforms
Bit Nex offers traders the opportunity to trade cryptocurrencies, but other investment instruments are not disclosed. The broker claims to use the asset diversification principle in a 70-20-10 ratio to achieve an optimal balance between risks and returns. Trading is done on the broker’s branded terminal, although details about available versions are not provided.
Trading Accounts and Conditions
Bitnex has developed three trading accounts for clients: CLASSIC (minimum deposit $200), PRO (starting investment $3,000), and ELITE (personal contribution $10,000). Each tariff plan includes practice trading on a demo account and bonuses on the first deposit (from 30 to 120%). However, the received bonuses require trading volume to be met.
Account Funding and Withdrawal
Bitnex offers traders to use card accounts, e-wallets, and bank transfers for account funding and withdrawal. The broker does not set limits on the deposit amount, promises instant crediting of funds, and withdrawal within 24 hours. Withdrawal fees vary depending on the tariff plan.
Conclusions
Obtaining information about the reliability and reputation of the financial agent Bit Nex will help client reviews. Before deciding to collaborate with the broker, it is necessary to carefully study all the conditions and risks they may entail.