Vantage Bit is a financial trading platform headquartered in London, UK, offering a variety of trading products including forex, precious metals, energy, and global indices. Despite its domain registration date being July 10, 2024, detailed registration information for the company has not yet been found. Vantage Bit provides users with the ST5 trading software, designed to offer traders an exceptional trading experience. However, the official website lacks detailed information about account types, spreads, leverage, commissions, and specific deposit and withdrawal methods.
Vantage Bit's Corporate Background:
The official website of Vantage Bit is https://vantage-bit.com/en/index, with the domain registered on July 10, 2024. Although the platform claims to be headquartered in London, no registration information for the company has been found, raising doubts about its legitimacy and credibility.
Vantage Bit's Regulatory Information:
The MSB registration number 31000273428162 provided by Vantage Bit belongs to another platform (DOMINANT TREASURY). It is important to note that the MSB (Money Services Business) regulatory scope does not include forex trading. MSB regulation primarily covers currency exchange, remittance services, payment processing, prepaid card services, check-cashing, and virtual currency transactions, and requires compliance with registration, anti-money laundering and anti-terrorist financing laws, reporting requirements, customer identification, and internal controls. Therefore, there is significant uncertainty and risk regarding Vantage Bit's regulatory status.
Vantage Bit's Account Registration Process:
- Visit the Vantage Bit website and click the register button
- Complete the application form
- Submit identity verification/documents
- Deposit funds and start trading
Vantage Bit's Account Types:
The Vantage Bit website does not provide specific information about its account types. It is currently unclear whether it offers different types of trading accounts to meet the needs of various investors.
Vantage Bit's Trading Software:
Vantage Bit provides users with the ST5 trading software. ST5 is renowned for its advanced features and user-friendly interface, supporting forex, stocks, indices, commodities, and cryptocurrency trading, catering to the needs of different traders. Key features include real-time market data, technical analysis tools with various charts and indicators, automated trading support, efficient order execution, and multi-platform compatibility (desktop, mobile, and web). ST5 aims to offer users an exceptional trading experience to help achieve their investment goals.
Vantage Bit's Trading Products:
Vantage Bit offers a wide range of trading products, encompassing various mainstream international investment tools. Specifically, these include forex, precious metals, energy, and major global indices. In forex trading, Vantage Bit offers multiple currency pairs to meet the needs of different forex traders. In precious metals trading, the platform provides popular investment products such as gold and silver to help investors preserve and grow their value amid market fluctuations. In terms of energy, Vantage Bit covers the trading of key energy resources like crude oil and natural gas, enabling investors to seize opportunities in the energy market. Furthermore, the platform offers trading in major global indices, including the S&P 500, Dow Jones, and Nasdaq indices, providing investors with diverse investment options. By offering these diversified investment products, Vantage Bit aims to meet the needs of different investors and help them achieve their investment goals.
What Are Vantage Bit's Spreads, Leverage, and Commissions?
The Vantage Bit website does not disclose detailed information about spreads, trading leverage, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, margin call/stop-out levels, minimum price increments, or contract sizes for trading accounts.
What Are Vantage Bit's Deposit and Withdrawal Methods?
Vantage Bit's deposit and withdrawal methods are not specifically outlined on its official website. Typically, traders might be able to use various common payment methods for deposits and withdrawals, including bank transfers, credit cards, and e-wallets.
Vantage Bit's Customer Support:
Email:support@vantage-bit.com
Summary:
Vantage Bit has several significant shortcomings. Firstly, the claimed MSB registration number actually belongs to another platform, and MSB regulation does not cover forex trading, leading to uncertainty and risk regarding its regulatory status. Secondly, although the platform claims to be headquartered in London, no business registration information has been found, raising doubts about its legitimacy and credibility. Additionally, the official website does not provide detailed information about account types, spreads, leverage, and commissions, nor does it clearly outline the deposit and withdrawal methods, lacking transparency. Finally, the platform only offers email support, lacking multi-channel instant customer service such as phone and online chat, which might limit users' access to timely assistance. Vantage Bit is labeled as "Suspected Fraud" on TraderKnows.
