BitOpps Review – Is BitOpps a Scam Broker or a Legitimate Broker?

BitOpps Review

BitOpps logoBitOpps is a forex broker that was created in 2010 more than a decade ago. It eventually developed into one of the world’s largest brokers.

Its purpose is straightforward but audacious: to contribute to the creation of a global trading environment (tech-enabled) in which traders may fully exploit all of the possibilities and problems inherent in global markets. Read our BitOpps review to learn about all of the trading features and services that this broker offers, as well as why it may be an excellent choice for you.

BitOpps homepagePortal for trading


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BitOpps offers both the cTrader and MetaTrader suites. Additionally, this includes MetaTrader 4 and 5 (web and desktop), cTrader (web and desktop), and cAlgo. Traders may access any account type through any trading platform.

While both MetaTrader and cTrader enable algorithmic trading, we discovered that cTrader consistently had an edge, owing to its unique web-based platform. This platform offers a far greater variety of trading capabilities and tools than MetaTrader’s web-based platform, which also requires the cAlgo platform to work concurrently.

Additionally, BitOpps’s services include’social copy trading,’ which provides users with access to a variety of trading platforms, including RoboX, MirrorTrader, DupliTrade, and even myFxbook for MetaTrader.

BitOpps Portal for trading Account classifications

BitOpps offers a few different account types that should be explored in this review. There is the ‘Razor Account,’ which may be accessed through the broker’s MT4 and MT5 platforms, as well as the cTrader platform. This account type has a commission-based pricing structure in addition to market spreads.

We found that the average spreads on the EUR/USD pair are indeed equal to the industry average when the 0.70 pips fee is included in the calculation of the total cost of 0.79 pips on cTrader and MT5.

BitOpps also offers a ‘Standard Account’ that is commission-free and has spreads that are pretty comparable to those of the Razor account. According to statistics supplied earlier this year, the typical spreads on the identical EUR/USD pair are 0.75 pips.

Finally, the broker’s ‘Active Trader Program’ often rebates a portion of the spread, however this is contingent upon the user’s monthly trading volume and the corresponding tier.

Legislation and regulation

If you want to deal with BitOpps, you are assumed to have read and thoroughly understood the broker’s specific legal documentation. It is not possible to deal with BitOpps without first agreeing to these conditions, thus it would be prudent to go over all required paperwork.

The general ‘Terms & Conditions’, the ‘Privacy Policy’, the ‘Cookie Policy’, the ‘Order Execution Policy’, the ‘Conflict of Interest Policy’, and the ‘Complaints Notice’ are only a few of BitOpps’s papers. Take your time and thoroughly read over each one.

Additionally, BitOpps is completely regulated and authorized to do business by regulatory authorities in the United Kingdom, The Bahamas, Dubai, Germany, Kenya, and Cyprus.

Index of financial assets

Currently, BitOpps provides a diverse range of tradeable assets, including FX, cryptocurrencies, exchange-traded funds (ETFs), stocks, indexes, currency indices, and commodities. As a result, you are more than likely to find what you’re searching for when you utilize BitOpps.

Mobile commerce

There are a variety of choices available for mobile trading. Users may choose between the MT4 and MT5 mobile applications, in addition to the cTrader mobile app. All of these programs were created by and are available straight from their creators.

Education

We discovered at least 22 trading guidelines on BitOpps, all of which were grouped by degree of expertise. This implies that the guidelines are divided into sections for traders of varying skill levels, including advanced, intermediate, and novice traders. Articles, webinars, videos and e-lectures, an investor lexicon, and a tutorial are among BitOpps’s instructional materials.

Conclusion

Finally, BitOpps is often employed by traders who prefer to concentrate their efforts on major CFD and FX markets.

Overall, it’s an excellent platform (with an equally impressive selection of third-party platforms), and the broker has successfully catered to each and every one of its traders, regardless of their background or skill level. Customer service is excellent, and the support personnel is also quite nice and dependable.


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