https://www.bitexpertmarket.com/
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bitexpertmarket.com
Server Location
United States
Website Domain Name
bitexpertmarket.com
Server IP
68.66.226.107
Note: The information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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BitExpert Market Review Summary | |
Registered Country/Region | United States |
Regulation | Unregulated |
Market Instruments | Indices, commodities, cryptos bonds and forex |
Demo Account | Available |
EUR/ USD Spread | 1.5 pips (Standard account) |
Trading Platform | MT5 |
Minimum Deposit | $500 |
Customer Support | Telephone: +13154891991, email: support@bitexpertmarket.com, online messaging, and live chat |
BitExpert Market, an unregulated trading brokerage based in the United States that offers a diverse range of market instruments, including indices, commodities, cryptocurrencies, bonds, and forex. BitExpert Market features the popular MT5 trading platform. With a minimum deposit requirement of $500, BitExpert Market offers a demo account for practicing trading strategies without risking real money.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Pros | Cons |
Diverse Range of Market Instruments | Unregulated Operation |
Segregation of Client Funds | High Minimum Deposit Requirement |
Partnerships with Tier 1 International Banks | Spread Variability Across Account Types |
Demo Account Available | |
Convenient Payment Methods |
- Diverse Range of Market Instruments: BitExpert Market offers a variety of market instruments, including indices, commodities, cryptocurrencies, bonds, and forex, providing traders with multiple options to diversify their portfolios.
- Segregation of Client Funds: The platform implements protective measures such as full segregation of client funds and negative balance protection, enhancing the security of client investments and ensuring funds are kept separate from operational funds.
- Partnerships with Tier 1 International Banks: By maintaining relationships with reputable Tier 1 international banks, BitExpert Market seeks to enhance the security and credibility of the platform, instilling confidence in clients about the handling of their funds.
- Demo Account Available: Traders have access to a demo account to practice trading strategies with virtual funds before risking real money, allowing them to familiarize themselves with the platform and its features.
- Convenient Payment Methods: BitExpert Market offers multiple payment methods for deposits and withdrawals, including VISA, Mastercard, Skrill, and other options, providing clients with flexibility in managing their funds.
- Unregulated Operation: Operating without regulation may raise concerns for some traders about the oversight and protection of their investments, as regulatory frameworks provide an additional layer of protection for traders.
- High Minimum Deposit Requirement: The minimum deposit requirement of $500 may be considered relatively high for some traders, potentially limiting access to the platform for those with smaller capital amounts.
- Spread Variability Across Account Types: The tiered spread structure may result in varied spreads across different account types, potentially leading to confusion among traders regarding the cost of trading on the platform.
BitExpert Market promotes the security of client funds by implementing several protective measures, including the complete segregation of client funds, negative balance protection, and maintaining relationships with Tier 1 international banks. By ensuring that client funds are kept separate from the company's operational funds, BitExpert Market seeks to safeguard clients' assets in the event of any financial difficulties. Furthermore, BitExpert Market highlights its association with Tier 1 international banks, which implies that client funds are held in reputable financial institutions known for their stability and stringent regulatory compliance. This affiliation is intended to enhance the security and credibility of the platform, providing clients with confidence in the handling of their funds.
Nevertheless, BitExpert Market currently operates without valid regulation, meaning that there is no oversight from government or financial authorities regarding its activities. This lack of regulation introduces inherent risks for investors, as the absence of external monitoring leaves room for potential misconduct by the platform operators. Without regulatory scrutiny, there is a heightened risk that the individuals behind BitExpert Market could misuse client funds or engage in fraudulent activities without being held accountable for their actions.
BitExpert Market offers a diverse range of trading instruments including indices, commodities, cryptocurrencies, bonds, and forex pairs.
- Indices: BitExpert Market provides access to a variety of stock market indices, such as the S&P 500, NASDAQ, Dow Jones Industrial Average, and many others. Trading indices allows investors to speculate on the overall performance of a group of stocks representing a particular market or sector.
- Commodities: The platform offers trading opportunities in commodities like gold, silver, oil, natural gas, agricultural products, and more. Trading commodities can serve as a hedge against inflation and geopolitical risks, and they are influenced by factors like supply and demand dynamics, economic indicators, and geopolitical events.
- Cryptocurrencies: BitExpert Market supports trading in a range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and others. Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate independently of central banks. They offer opportunities for both short-term trading and long-term investment.
- Bonds: The platform facilitates trading in various types of bonds, such as government bonds, corporate bonds, municipal bonds, and treasury bonds. Bonds are debt securities issued by governments or corporations to raise capital, and they provide investors with regular interest payments and the return of principal upon maturity.
- Forex (Foreign Exchange): BitExpert Market enables trading in major, minor, and exotic currency pairs, such as EUR/USD, GBP/JPY, USD/CHF, and many others. Forex trading involves the simultaneous buying and selling of currencies in the foreign exchange market, and it offers opportunities for profit through speculation on currency price movements.
BitExpert Market offers 2 kinds of accounts: weekly and monthly account. Weekly accounts include Classic, Pro, Executive, Premium accounts. Monthly accounts are Luxury, VIP, VIP Luxury, Silver Platinum, Gold Platinum, VIP Gold Platinum, and Gold Luxury Platinum. Each account has its own minimum investment requirement, deposit bonus, spreads, and additional features like negative balance protection, scalping, daily signals, and financial planning. Additionally, BitExpert Market provides demo accounts for traders to practice trading with virtual funds before engaging with real money.
Account | Minimum Investment | Deposit Bonus | Additional Features |
Weekly Accounts | |||
Classic | $500.00 | 15% | Negative Balance Protection, Scalping, Daily Signals, Financial Plan |
Pro | $8,000.00 | 25% | |
Executive | $11,500.00 | 35% | |
Premium | $25,000.00 | 50% | |
Monthly Accounts | |||
Classic | $500.00 | 15% | Negative Balance Protection, Scalping, Daily Signals, Financial Plan |
Pro | $8,000.00 | 25% | |
Executive | $11,500.00 | 35% | |
Premium | $25,000.00 | 50% | |
Luxury | $50,000.00 | 75% | |
VIP | $75,000.00 | 95% | |
VIP Luxury | $150,000.00 | 120% | |
Silver Platinum | $350,000.00 | 145% | |
Gold Platinum | $500,000.00 | 150% | |
VIP Gold Platinum | $750,000.00 | 185% | |
Gold Luxury Platinum | $1,000,000.00 | 250% |
To open an account with BitExpert Market, please follow these steps:
Step 1 | Visit the BitExpert Market website. |
Step 2 | Select your preferred language powered by Google Translate. |
Step 3 | Fill in the following details: |
- Firstname: Enter your first name. | |
- Lastname: Enter your last name. | |
- Username: Choose a unique username. | |
- Email address: Provide your email address. | |
- Password: Create a secure password. | |
- Country: Choose your country (e.g., Afghanistan) from the dropdown. | |
- Phone: Enter your phone number. | |
Step 4 | Agree to the terms and conditions, if any, during the registration. |
Step 5 | Verify your email address or phone number to complete registration. |
Step 6 | Access your BitExpert Market account after successful registration. |
BitExpert Market offers a tiered approach to its spread structure. The spreads offered vary across different account types, reflecting the level of service and trading conditions provided.
For the Classic account, the spread is set at 1.5 pips, while the Pro, Executive, and Premium accounts enjoy more competitive spreads of 1.2 pips. The Luxury and VIP accounts have slightly higher spreads at 1.9 pips and 1.5 pips, respectively. The VIP Luxury tier offers the most favorable spread of 1.2 pips, along with Silver Platinum, Gold Platinum, and VIP Gold Platinum accounts. The Gold Luxury Platinum accounts also have a spread of 1.2 pips.
Account Type | Spread |
Weekly Accounts | |
Classic | 1.5 pips |
Pro | 1.2 pips |
Executive | |
Premium | |
Monthly Accounts | |
Luxury | 1.9 pips |
VIP | 1.5 pips |
VIP Luxury | 1.2 pips |
Silver Platinum | |
Gold Platinum | |
VIP Gold Platinum | |
Gold Luxury Platinum |
BitExpert Market provides its clients with the MetaTrader 5 (MT5) trading platform, renowned for its advanced features and user-friendly interface. MT5 offers a comprehensive suite of tools for traders to execute their strategies efficiently across various markets, including forex, commodities, indices, and cryptocurrencies.
One of the key features of the MT5 platform is its advanced charting capabilities, allowing traders to analyze market trends and make informed decisions. With a wide range of technical indicators and drawing tools, users can customize their charts to suit their trading preferences and strategies.
Additionally, MT5 offers a built-in economic calendar and news feed, keeping traders updated on market-moving events and developments in real-time. This enables traders to stay ahead of the curve and react swiftly to changing market conditions.
Furthermore, BitExpert Market ensures a seamless trading experience by offering MT5 across multiple devices, including desktops, smartphones, and tablets. This flexibility allows traders to stay connected to the markets and manage their positions wherever they are.
BitExpert Market provides users with convenient options for both deposits and withdrawals, ensuring a seamless experience when managing their funds. Clients can deposit funds into their trading accounts using various payment methods, including VISA, Mastercard, Maestro, UnionPay, Skrill, FasaPay, OK Pay, WebMoney, QIWI, Litecoin, Perfect Money, and NETELLER.
To make a deposit, users simply need to log into their BitExpert Market account, navigate to the deposit section, and choose their preferred payment method. They can then follow the prompts to enter the necessary details and initiate the deposit transaction. BitExpert Market prioritizes security, employing encryption and other advanced measures to safeguard users' financial information during the deposit process.
Similarly, withdrawing funds from a BitExpert Market account is straightforward and hassle-free. Clients can request withdrawals via the same payment methods used for deposits. Upon initiating a withdrawal request, users are required to provide additional verification for security purposes. The minimum withdrawal amount is $ 0.1.
BitExpert Market offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have.
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +13154891991
Email: support@bitexpertmarket.com
Address: 2202 North West Shore Boulevard, Suite 500 Tampa, Florida, U.S. 33607
Whats more, BitExpert Market provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information.
BitExpert Market offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.
In conclusion, BitExpert Market is a trading platform that provides access to a wide range of market instruments. The platform offers the popular MT5 trading platform and a demo account for traders to practice before engaging with real funds. BitExpert Market addresses the security of client funds through protective measures such as full segregation of client funds, negative balance protection, and partnerships with Tier 1 international banks. With a variety of account types tailored to different trading preferences, and a range of customer support channels, BitExpert Market aims to cater to the diverse needs of traders. However, traders should carefully consider the drawbacks associated with its unregulated status and high minimum deposit requirement, before engaging with the platform.
Question 1: | Is BitExpert Market regulated by any financial authority? |
Answer 1: | No. It has been verified that this broker currently has no valid regulation. |
Question 2: | How can I contact the customer support team at BitExpert Market? |
Answer 2: | You can contact via telephone: +13154891991, email: support@bitexpertmarket.com, online messaging, and live chat. |
Question 3: | Does BitExpert Market offer demo accounts? |
Answer 3: | Yes. |
Question 4: | What platform does BitExpert Market offer? |
Answer 4: | It offers MT5. |
Question 5: | What is the minimum deposit for BitExpert Market? |
Answer 5: | The minimum initial deposit to open an account is $500. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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