BITTRA is a stock brokerage firm officially registered on September 8, 2023, providing financial trading services such as stocks, bonds, commodities, and cryptocurrencies to investors. The company's headquarters address has not been disclosed, and it aims to avoid providing services in jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to public information on its official website, BITTRA is an exchange that allows individuals and institutions to buy and sell various financial assets, including stocks, bonds, commodities, and cryptocurrencies. The registered entity is BITTRA LLC, with a registered address at 1099 18th Street, Denver, Colorado, United States. Additionally, this entity is registered with the National Futures Association (NFA) in the United States, with registration number 0560186 and authorization date on November 20, 2023.
Upon verification, no corporate registration information for BITTRA LLC could be found. Furthermore, this entity is registered with the NFA as a non-member entity and is not subject to NFA oversight. The regulatory information claimed by the broker is deemed misleading to investors.
Account Opening:
The brokerage's official website does not have an account opening portal, and the process for opening an account is not specified.
Account Types:
BITTRA has not disclosed information about the account types it offers, including trading leverage, spreads, minimum deposit amounts, maximum/minimum trade volumes, maximum position sizes, additional margin levels, stop-loss margin levels, overnight interest rates, trading commissions, and other account-related details.
Trading Platform:
BITTRA provides a proprietary trading platform exclusively for mobile devices.
Deposits and Withdrawals:
The brokerage's official website does not disclose the supported methods for deposits and withdrawals.
Customer Support:
Users can only contact BITTRA for customer support through the email address admin@bit-tra.com, limiting the available communication channels.
Summary:
Traderknows advises investors that BITTRA's corporate entity information is undisclosed and cannot be verified. The broker is only registered as a non-member with the NFA, lacking oversight from other official financial regulatory authorities. Crucial trading information such as account types, spreads, minimum deposit amounts, trade volumes, position sizes, leverage, commissions, overnight fees, and other details are not disclosed. Additionally, the broker offers a low-rated proprietary mobile trading platform and limited communication through email, with unclear deposit and withdrawal methods. As of November 29, 2023, the broker's website domain registration is less than three months old.
Therefore, Traderknows recommends investors choose trading platforms with transparent information, legal regulation, and a good reputation to avoid unnecessary financial losses. Currently, this broker is marked as "suspected of fraud" on Traderknows.
