On the basis of these crucial points, I have made a list of Bitteks reviews which are important for you to consider before registering with an online broker. In this regard, let me point out some key advantages and disadvantages that may help you make your final decision:
Bitteks Advantages
Trading Platform: Bitteks has a very convenient trading platform that is well designed and easy to use and understand. The user interface is also simple and fully customizable, including technical analysis graphs. In addition, I found the layout of the site clean, modern, and with no clutter.
The trading platform is available in a universal language – English (other languages soon). It is probably for this reason that all documents on their site are available in English only (reviews, FAQs, etc.). With this type of broker, you can trade in forex pairs, stocks, cryptocurrency, or commodities.
As a novice trader, I do not know exactly how much it will take to get started with Bitteks. However, there is no doubt that you will receive a detailed guide on how the platform works and also start your training process via ebooks and webinars when registering an account with this broker.
If you have any questions or issues at all along the way as they go through their training process (step-by-step trading), then Bitteks provides 24/7 email support which includes a live chat service for instant help.
Bitteks Disadvantages
Trading platform: In my opinion, this is the biggest disadvantage of Bitteks – you can trade only via the web and do not have an app or software to download to your desktop computer. Personally, I see no problem with that because every broker offers its own trading platform.
Investment Products – 3.7/5
Bitteks does an outstanding job of presenting me with a wide selection of asset options in which to invest. While they are primarily focused on forex trading, with a variety of FX currency sets available, they also provide a variety of other markets, including CFD trading cryptocurrencies, stocks, commodities, and Indices. They also provide FX options trading through their dedicated Options trading service.
I found an incredible amount of extension within these marketplaces, with many equities available to trade in important organizations from across the world. If you are interested in crypto trading, there are 13 crypto assets available for trade sets with substantial monetary forms or other cryptos. More than 200 assets are available for trade with Bitteks in total. This addresses a reasonable selection of assets to a wide variety of brokers. Furthermore, if you live in the United Kingdom or Ireland, you can spread betting through the agent.
Safety and Ease-Of-Use – 4.1/5
Since the site is accessed over a secure socket layer, I appreciate absolute real sensations of calmness. It also provides secure registration, 18+ security, as well as permissions and guidelines. Broker accounts are maintained separately from Bitteks accounts in an isolated account with a reputable worldwide bank. This ensures that traders’ funds will be protected regardless of what happens with Bitteks. Any safety concerns should be directed to customer service.
Bitteks makes it simple to switch between stocks, Forex, indices, crypto, CFDs, goods, trading tools, education, security, and other administrations. The registration process is straightforward to complete and authorize. The main drawback is that the site is only available in English. I noticed that the client care teams were accessible 24 hours a day, 5 days a week, making it considerably more favorable to trade at Bitteks. The trading platform is available on Android and iOS, and it is quick and simple to use for every type of trader. The education assets are very straightforward to access and completely free for dealers. With Bitteks, it’s simple to stay up to date on market news and trade with confidence.
Charting – 4.6/5
On the platform, Bitteks also provides specialist analysis and research tools. I discovered that these highlights are adequately adjustable to advantage both experienced and inexperienced traders. The contribution contains extensive market data over a wide range of products, implying that strategy may also be backtested.
These instruments allow for the analysis of real-time pricing as well. Patterns can therefore be identified and noted. While some forex intermediaries may rank higher in terms of analytical tools, I believe the chart at Bitteks will fit most brokers, regardless of their level of market activity.
Trading Hours
The platform is available 24 hours a day, 7 days a week; however, markets may be available to trade only when the primary markets for that asset are open. As a result, when US markets are open on Wall Street, US stocks may be available. Forex is available 24 hours a day, seven days a week, because there is always at least one market open somewhere in the world.
Trading at the end of the week is available wherever markets are open. Thus Forex opens on Sunday, and the Australian and Asian markets open the week. The best aspect is that if I wanted to know if a particular asset’s trading hour was available. All I had to do was go to the platform’s Asset Index page, which displays all I needed to know about the asset’s trading hour and expiration.
How are you secure on this platform?
With Bitteks, I felt that my assets and personal information were kept relatively safe, as the representative completely separates assets from Bitteks’ operational assets.
Bitteks also has active policies in place for any type of concern. For example, I went over their Anti-Money Laundering (AML) policy, Privacy policy, KYC, and other policies. They are strategically positioned to ensure that traders understand how they are kept safe and secure on the platform at all times.
Opening an account step by step
- Bitteks Sign In is available at the top of the main page.
- Enter your information, such as your first and last name, country of residence, email, phone number, and so on.
- Choose an account type.
- Upload your identification proof to verify your account. These may include a residence confirmation, a copy of your ID, and so forth.
- Once an account has been activated and approved, you may proceed with the money deposit.
Deposits and Withdrawals – 4.2/5
Bitteks makes it extremely simple and easy to process with a variety of financing choices that will assist you in locating a suitable money transfer provider in terms of funding approaches. My withdrawals were always on time and never late, and I never had to be concerned about them.
Deposit alternatives – 3/5
To fund an account or send money to it, I had to choose one of the following methods, which may differ depending on your country of origin. Similarly, Bitteks is extremely fast with their deposit procedure, stating that money will be available in your account within the allotted time. I wish the platform supported PayPal and other deposit ways. It’s one area where the platform falls short. Despite the limited number of selections, the service is excellent and quick.
- MasterCard
- Maestro
- Bank Transfer
How much time does it take to withdraw from Bitteks?
Bitteks’ accounting staff always processes and confirms withdrawals within 2 business days of the moment you submit and confirm the order to withdraw money from your account. I used this service and was astounded that they truly follow through and ensure that everything goes as planned, all while keeping the customer informed of their transactions.
However, you should always speak with customer service and confirm facts since different purviews may apply somewhat different principles. Allow a few days for the payment provider to deal with the trade, which is also based on particular global or provider restrictions.
Market Instruments – 4.5/5
Bitteks, as a general rule, provides a wide range of markets and account highlights as part of its business brokerage service.
The trading marketplaces include 200+ financial assets, Forex items with over 50 money settings, and attractive Bitteks CFDs on Cryptocurrencies, for example, Bitcoin, ETH, Litecoin, and Ripple. Similarly, you may trade spot metal CFDs, stock CFDs on over 170 major companies, commodity CFDs, and index CFDs. I had the choice of not just investing in Forex but also a variety of equities. It makes investing with this broker more appealing, especially given the variety of alternatives offered.
Client care – 4.2/5
For the most part, my customer service experience at Bitteks was positive. They have a crew available 24 hours a day, 5 days a week by phone, email, and an online live chat administration. For the most part, this group can answer any questions I had in a timely and professional manner. Furthermore, the intermediate site has a detailed FAQ section that addresses a large number of the most frequently asked questions.
Education – 3.3/5
The dealer provides excellent access to a wide range of educational programs to assist you in continuing to learn and improve as a broker. This information is appropriate for all levels of a broker, whether you are a newbie or a more seasoned trader. There is a collection of Educational eBooks available through the Bitteks instructive part that will offer you an understanding of FX trading. You will also approach some of the additional assets, such as the supporting asset index.
There is a collection of Educational eBooks available through the Bitteks instructive part that will offer you an understanding of FX trading. You will also approach some of the additional assets, such as the supporting asset index. This platform also provides webinars that are weekly/monthly/all-access based on your account type. Aside from that, I was underwhelmed by the instructional material available to all traders, whether they are members of the platform or not. The platform lacks to update the eBooks and lacks video tutorials that might be included to improve their service quality.
Conclusion
Overall, I find Bitteks to be a good, specialized choice. The platform is secure and provides an extremely safe trading experience. It maintains trade costs as low as feasible over a broad range of accessible marketplaces. Above all, Bittkes provides solid customer support that may assist you in enhancing your insight and skills.
Disclaimer: This review is written from my own experience and my self-knowledge only, and this is not a recommendation