Bitcoin Trade is a newly registered broker established in 2024, primarily offering trading services for binary options, forex, and cryptocurrencies. However, despite the broker's claims of providing a variety of trading products and services, investors should be aware of the platform's lack of regulation and transparency. It is essential to conduct thorough research before trading to ensure the safety of funds.
Company Background:
Bitcoin Trade is an emerging financial services provider headquartered in the United States at 5895 W. Olympic Blvd. Los Angeles, CA 90036. The company's official website is https://www.blockchaintrade.live/, with the domain registered on February 29, 2024. Having only two months of history, Bitcoin Trade focuses on offering binary options, forex, and cryptocurrency trading services to clients worldwide. However, despite the company's claims of offering diversified trading products and services, key details such as its corporate entity, leadership team, and registration information remain unclear, lacking public transparency. Investors should exercise caution when choosing this platform.
Additionally, Bitcoin Trade's official website shares many design and content similarities with the websites of other brokers (such as Fxzonetrade, cryptofastminersfx.com, dropowermarket, Fxtrademining, etc.), suggesting they may use the same template. This similarity not only heightens investor concerns but also raises questions about the platform's authenticity and reliability. Therefore, investors should conduct thorough investigations and evaluations before considering Bitcoin Trade's services.
Regulatory Status:
Bitcoin Trade claims to be regulated by the U.S. Commodity Futures Trading Commission (CFTC), the International Financial Services Commission (IFSC) of Belize, and the Cyprus Securities and Exchange Commission (CySEC). However, upon verification, there are no records of Bitcoin Trade in the registration and regulatory records of these financial regulatory bodies. This indicates that the company's regulatory status may be questionable, and its claimed regulatory oversight might be false advertising.
Such a lack of regulation raises concerns about the company's credibility. Investors should be wary of its claimed regulatory status. To ensure the safety of funds, investors should thoroughly investigate the actual regulatory status before choosing this platform for trading. It is recommended to opt for brokers with legitimate regulation to avoid potential losses.
Trading Products:
Bitcoin Trade is a U.S.-based trading platform offering a variety of trading products to meet the investment needs of global customers. Its main trading products include binary options, forex, and contracts for difference (CFDs). Binary options trading allows investors to profit by predicting the rise and fall of asset prices, while forex trading covers a wide range of currency pairs, providing ample trading opportunities. CFD trading allows investors to trade based on price differences without actually owning the assets, covering various asset classes such as stocks, commodities, and indices.
Moreover, Bitcoin Trade focuses on blockchain technology investments and offers a variety of cryptocurrency trading services. Major cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), and Ripple (XRP). The company is committed to promoting blockchain technology's adoption and innovation, combining the advantages of traditional finance and emerging blockchain technology to provide customers with a unique trading experience.
Account Registration:
Bitcoin Trade offers a convenient account registration process consisting of a few simple steps. First, users need to fill in basic personal information, such as name, address, email, and phone number, ensuring the completeness and accuracy of the registration information. Next, users need to set up a secure password to ensure the confidentiality and security of account information. Finally, users must choose their preferred currency type for subsequent trading operations. Upon completing the registration, users will receive an account and password, which can be used to log in to the Bitcoin Trade trading platform and start trading various services.
Account Types:
Bitcoin Trade offers four different account types: Starter Plan, Silver Plan, Gold Plan, and Premium Plan, designed to meet the needs of various investors. Each account type includes 24x7 customer support, professional charts, and trading alerts to help users stay informed of market trends in real time.
Starter Plan
- Minimum deposit: $300
- Services: 24x7 customer support, professional charts, trading alerts
- Expected Return on Investment (ROI): $2,778
Silver Plan
- Minimum deposit: $700
- Services: 24x7 customer support, professional charts, trading alerts
- Expected Return on Investment (ROI): $4,289
Gold Plan
- Minimum deposit: $1,000
- Services: 24x7 customer support, professional charts, trading alerts
- Expected Return on Investment (ROI): $7,167
Premium Plan
- Minimum deposit: $1,500
- Services: 24x7 customer support, professional charts, trading alerts
- Expected Return on Investment (ROI): $9,556
Customer Support:
Bitcoin Trade provides two customer support channels to ensure users receive timely assistance and solutions during trading. Users can contact the customer support team via email by sending an email to support@blockchaintrade.live. Additionally, Bitcoin Trade offers phone support, and users can call +1(254)419-4284 to speak directly with a customer service representative.
Conclusion:
Bitcoin Trade is a U.S.-based financial services provider claiming to offer binary options, forex, and cryptocurrency trading services to clients worldwide. However, essential details such as the company's entity and leadership team lack transparency, and investors should consider this carefully when choosing the platform. Although Bitcoin Trade claims to be regulated by multiple regulatory agencies, actual verification reveals no such information, potentially impacting its credibility. Despite offering various account types for investors to choose from, investors should carefully assess risks before registering and trading and make informed decisions based on personal investment goals and risk tolerance.
Currently, Bitcoin Trade is marked as "suspected fraud" on TraderKnows.
