About BitXTrades
BitXTrades is a company offering financial services to traders since 2018. They provide all the necessary tools for successful trading, even for beginners.
Company address: Knechtstr. 03 5625 Burgdorf. The website indicates the city of Burgdorf in Switzerland, but it is unclear if the company is Swiss registered as there is no presentation of registration documents.
BitXTrades claims that its activities are regulated by a number of regulators, including ASIC, FCA, FSC, FMA, MFSA, IFSC, and MiFID. The license from the Vanuatu Financial Services Commission (VFSC) is published on the website.
Trading Opportunities and Platforms
BitXTrades trading platform offers over 250 assets, including currency pairs, metals, commodities, indices, securities, and cryptocurrencies.
Trading Account Options
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Beginner – from $150.
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Amateur – from $1,000.
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Professional – from $10,000.
There are doubts that 24/7 support and deposit protection are only available for the most expensive account.
Deposits and Withdrawals
There is no information on deposits and withdrawals on the website. A separate section with financial operation terms is missing.
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Client covers all expenses when withdrawing funds.
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Funds can only be withdrawn using the same method as the deposit was made.
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Withdrawal requests are processed within 2 business days.
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Funds can be withdrawn no earlier than 30 days after the account was funded.
Conclusions
The absence of registration documents, anonymity of management, and ambiguous information about trading accounts and fund withdrawals may raise doubts. Reviewing feedback can help assess the feasibility of working with BitXTrades.