Bitpine is a CFD broker officially registered on October 2, 2023. The broker offers a wide range of trading markets through its proprietary trading platform, including forex, commodities, indices, bonds, cryptocurrencies, stocks, and futures, and does not provide services to jurisdictions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status:
The Bitpine official website states that its headquarters are in Austria and that it is a cryptocurrency and securities brokerage platform regulated in Europe. However, information at the bottom of its official website indicates the broker is regulated by the Financial Services Authority (FSA) in San Diego, California, with a securities dealer license number of SD018.
In fact, there is no such entity as the Financial Services Authority (FSA) in San Diego, California. Upon verification, the regulatory information provided on the Forex Day Time website was actually plagiarized from IC Markets' registration with the Seychelles Financial Services Authority (FSA), where IC Markets is registered under Raw Trading Ltd, with license number SD018.
Account Opening:
To open an account with Bitpine, visit the broker's official website, click "Login" in the top right corner of the page, then click "Sign Up" to access the account registration page. Fill in personal details such as username, full name, email address, phone number, and set a login password before submitting. Once submitted, the account will be successfully registered.
Trading Plans:
Bitpine offers four different types of trading plans: BASIC PLAN, STANDARD PLAN, PREMIUM PLAN, and PLATINUM PLAN.
BASIC PLAN:
- Trading cycle: 5 days
- Minimum opening amount: $200
- Maximum opening amount: $2000
- Profit rate: 2.5%
STANDARD PLAN
- Trading cycle: 7 days
- Minimum opening amount: $2000
- Maximum opening amount: $7000
- Profit rate: 3.5%
PREMIUM PLAN
- Trading cycle: 7 days
- Minimum opening amount: $7000
- Maximum opening amount: $50,000
- Profit rate: 5%
PLATINUM PLAN
- Trading cycle: 7 days
- Minimum opening amount: $50,000
- Maximum opening amount: $1 million
- Profit rate: 7%
Trading Platform:
Bitpine offers its proprietary trading platform to users.
Deposits and Withdrawals:
Bitpine supports deposits and withdrawals using credit/debit cards, e-wallets, and bank transfers.
Conclusion:
Traderknows warns investors that Bitpine is actually a clone scam site that copies the broker IC Markets. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
