Bitvestment Review – Is it Scam? – Online Broker

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Introduction

Cryptocurrency trading has gained popularity in recent years, and as a result, there has been an increase in the number of online brokers offering cryptocurrency trading services. However, not all of these brokers are trustworthy and legitimate. Bitvestment is one such broker that has raised concerns among traders. In this article, we will review Bitvestment to determine its legitimacy and whether it is a scam.

Bitvestment – Background Information

Bitvestment is an online broker that offers cryptocurrency trading services. The company was founded in 2016 and is based in the United Kingdom. Bitvestment claims to provide a secure and reliable trading platform for its users. The broker offers a range of trading services, including forex, commodities, and stock trading.

Importance of selecting a trustworthy broker

Selecting a trustworthy broker is crucial in the world of online trading. A trusted broker ensures that your investments are safe and that you have access to a reliable trading platform. A scam broker, on the other hand, can lead to significant financial losses and can compromise your personal information. It is essential to conduct thorough research before selecting a broker to ensure that you are dealing with a legitimate company.

Brief overview of the article

This article will provide an in-depth review of Bitvestment, covering its background information, legitimacy and regulation, trading platforms, account types and fees, deposits and withdrawals, customer support, security and privacy, and user reviews and feedback. The article will conclude with an overall assessment of Bitvestment as a broker.

Bitvestment – Legitimacy and Regulation

Regulatory bodies play a crucial role in ensuring that online brokers are legitimate and that they adhere to a set of rules and regulations. The most reputable regulatory bodies in the industry include the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC).

To determine if a broker is regulated, you can check their website for information on their regulatory status. You can also check with the regulatory body in their jurisdiction to confirm their status. In the case of Bitvestment, the broker claims to be regulated by the FCA. However, we were unable to confirm this information as the FCA does not have Bitvestment listed as a regulated company.

Bitvestment – Trading Platforms and Tools

Trading platforms are essential when it comes to online trading. A reliable trading platform should be user-friendly and offer a range of features and tools that enable traders to make informed decisions. Bitvestment offers a web-based trading platform that is easy to use and provides access to a range of trading tools and features. The platform is compatible with all devices, including mobile devices.

Bitvestment – Account Types and Fees

Bitvestment offers four account types – Basic, Silver, Gold, and Platinum. The Basic account requires a minimum deposit of $250, while the Platinum account requires a minimum deposit of $100,000. Each account type comes with different features and benefits. The fees and commissions associated with each account type are not clearly stated on the Bitvestment website, which raises concerns about transparency.

Bitvestment – Deposits and Withdrawals

Bitvestment accepts a range of payment methods, including credit/debit cards, bank transfers, and e-wallets. Deposits and withdrawals are processed within 24 hours, which is relatively fast compared to other online brokers. However, there are fees associated with some payment methods, and these fees are not clearly stated on the Bitvestment website.

Bitvestment – Customer Support

Customer support is crucial when it comes to online trading. Bitvestment offers customer support via phone, email, and live chat. The broker claims to provide 24/7 customer support. However, we found that the quality of customer support was not up to par, with long wait times and unhelpful responses.

Bitvestment – Security and Privacy

Security and privacy are essential when it comes to online trading. Bitvestment claims to use state-of-the-art security measures to protect its users' information. The broker's website is SSL-encrypted, which ensures that user information is encrypted and cannot be accessed by unauthorized parties. However, the broker's privacy policy is not easily accessible on the website, which raises concerns about transparency.

Bitvestment – User Reviews and Feedback

User reviews and feedback provide valuable insights into the quality and legitimacy of an online broker. We conducted a thorough analysis of Bitvestment's user reviews and feedback and found that the majority of reviews were negative. Traders complained about poor customer support, hidden fees, and difficulties withdrawing funds from their accounts.

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Conclusion

Based on our review, we cannot recommend Bitvestment as a legitimate and trustworthy broker. The broker's lack of transparency regarding fees and commissions, regulatory status, and privacy policy raise concerns about its legitimacy. Additionally, the poor quality of customer support and negative user reviews further support our assessment that Bitvestment is not a reliable broker.

FAQ

What is Bitvestment?

Bitvestment is an online broker that offers cryptocurrency trading services.

Is Bitvestment regulated?

Bitvestment claims to be regulated by the Financial Conduct Authority (FCA) in the UK. However, we were unable to confirm this information as the FCA does not have Bitvestment listed as a regulated company.

What trading platforms does Bitvestment offer?

Bitvestment offers a web-based trading platform that is compatible with all devices, including mobile devices.

What account types does Bitvestment offer?

Bitvestment offers four account types – Basic, Silver, Gold, and Platinum.

What are the fees associated with Bitvestment?

The fees and commissions associated with each account type are not clearly stated on the Bitvestment website.

How can I deposit and withdraw funds from Bitvestment?

Bitvestment accepts a range of payment methods, including credit/debit cards, bank transfers, and e-wallets. Deposits and withdrawals are processed within 24 hours.

How can I contact Bitvestment's customer support?

Bitvestment offers customer support via phone, email, and live chat.

Is my information secure with Bitvestment?

Bitvestment claims to use state-of-the-art security measures to protect its users' information. The broker's website is SSL-encrypted.

What do users say about Bitvestment?

The majority of user reviews for Bitvestment are negative, with traders complaining about poor customer support, hidden fees, and difficulties withdrawing funds from their accounts.

Is Bitvestment a scam?

Based on our review, we cannot recommend Bitvestment as a legitimate and trustworthy broker.