Bitcastle is a cryptocurrency brokerage firm established in 2021 in Saint Vincent and the Grenadines, with its headquarters located in Kingston. The broker primarily offers users trading services in financial derivatives such as forex, indices, cryptocurrencies, and commodities. This brokerage supports multiple deposit and withdrawal methods, including Visa, Mastercard, and SticPay.
Company Background
Bitcastle is a broker offering cryptocurrency trading services, with its registered entity being Bitcastle LLC, headquartered in Saint Vincent and the Grenadines. Its official website was established on March 9, 2021, with the registration number 900 LLC 2021. According to information retrieved from Whois, the domain name of Bitcastle's official website was registered on June 3, 2019.
Regulatory Information
Bitcastle's official website does not display any regulatory information about the broker.
Trading Products
Bitcastle offers a variety of trading products, including forex, indices, cryptocurrencies, and commodities.
- Forex Trading: Bitcastle allows investors to participate in the forex market, offering trading opportunities in various currency pairs. Investors can trade based on the price fluctuations of one currency against another.
- Indices Trading: Bitcastle enables investors to trade based on the price trends of specific financial indices. These include stock indices, commodity indices, bond indices, and more, allowing investors to engage in the market through these indices.
- Cryptocurrency Trading: Bitcastle provides investors with the opportunity to trade any form of currency that exists digitally or virtually and uses cryptography to secure transactions, including Bitcoin, Litecoin, and other cryptocurrencies. Investors can participate in the market by trading these cryptocurrencies.
- Commodities Trading: The trading of commodity CFDs allows investors to potentially profit from the price fluctuations of raw materials and resources. Commodities include crude oil, copper, and iron ore, among others. Commodity CFDs enable investors to participate in various commodity markets without holding the physical goods.
Trading Software
Bitcastle offers investors the renowned trading platform in the forex market: MetaTrader 5.
MetaTrader 5 is known for its advanced trading functions and various analytical tools. It offers a wide range of trading indicators, automated trading expert advisors, and extensive charting tools, adding more technical indicators, broader order types, and an advanced built-in economic calendar.
Account Registration
Bitcastle's official website offers two methods of account registration: a demo account and a real account.
Real Account Registration: First, open Bitcastle's official website and click "FOREX" at the top.
Click "Open Real Account" on the page.
Fill in the information step by step to complete the account registration.
Demo Account Registration: First, open Bitcastle's official website and click "FOREX" at the top.
Click "Open Demo Account" on the page.
Fill in the information step by step to complete the account registration.
Account Types
Bitcastle offers two different types of trading accounts: Standard Account and Pro Account.
- Standard Account: The minimum deposit is 5000 JPY, with spreads starting from 1.1 pips and leverage up to 1:1000.
- Pro Account: The minimum deposit is 30000 JPY, with spreads starting from 0.8 pips and leverage up to 1:500.
Both types of trading accounts have an unlimited maximum position size, and the margin call level is set at 30%.
Deposit and Withdrawal Methods
Bitcastle also offers multiple deposit and withdrawal options, such as Visa, Mastercard, SticPay, and other credit card supports, along with payment methods like Transak, Mercuryo, Alchemy, and Onramper. The broker does not charge any fees for these payment methods, but it should be noted that third-party payment processors or blockchain may incur fees.
Customer Support
This broker provides 24/7 multilingual support, available through multiple channels, including email support and online chat. Traders can send questions or requests via email to contact@bitcastle.io. Additionally, the online chat feature on the Bitcastle website enables quick communication with the broker.
Summary
Bitcastle, registered in Saint Vincent and the Grenadines, does not provide any regulatory information on its official website. Bitcastle offers a variety of trading products, including forex, indices, cryptocurrencies, and commodities. Traders are reminded to be fully educated about the market mechanisms before engaging in high-leverage trading, considering their investment objectives and risk tolerance carefully.
Currently, Bitcastle is marked as "Non-Regulation" on TraderKnows.
