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Global Broker Regulation & Inquiry App

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/10

Bitreserve

United States|2-5 years|
Suspicious Scope of Business|High potential risk|

https://bitreserve.cc/

Website

Rating Index

Contact

+44 1276900021
support@bitreserve.cc
https://bitreserve.cc/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Disclosure

Warning

EE FSA
2022-02-02
Investor Alerts
Bitreserve
The Investment Center
BrownFinance

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Warning: Low score, please stay away!
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Bitreserve · WikiFX Survey

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Bitreserve · Company Summary

Note: Bitreserve' official website: https://bitreserve.cc/ is currently inaccessible normally.

Bitreserve Review Summary
Registered Country/RegionUnited States
RegulationUnregulated
Market Instruments/
Demo Account
Leverage1:100 - 1:500
EUR/ USD Spread/
Trading PlatformsWeb-based
Minimum Deposit$250
Customer SupportPhone and email

Bitreserve, an unregulated entity registered in the United States. It lacks transparency, offers an inaccessible official website, and imposes substantial transaction fees and levies for withdrawals.

Bitreserve

Pros and Cons

ProsCons
NoneNot regulated
Inaccessible website
Transaction fees and levy for withdrawal imposed
No MT4 or MT5

Is Bitreserve Legit?

Bitreserve operates without any regulatory oversight, lacks transparency with no physical address provided, and its official website is currently inaccessible. This combination of factors raises significant concerns about the legitimacy and safety of engaging with this entity.

Leverage

Bitreserve offers the maximum leverage from 1:100 to 1:500.

Trading Platform

Bitreserve provides a web-based trading platform, but it falls short in several areas compared to the industry-standard Metatrader 4, particularly regarding automated trading capabilities. This absence of important features often found in established trading platforms can be a major drawback for traders seeking advanced trading tools and functionalities.

Web-based platform

Deposit and Withdrawal

Bitreserve allows deposits via credit cards and wire transfers but imposes transaction fees on withdrawals. Even if you meet the 200 times turnover requirement to avoid the additional 10% levy, youll still face a minimum withdrawal charge of $35. The fees vary by withdrawal method: $50 for wire transfers, $25 for credit cards, and $25 for ePayments, with an extra processing fee of $10, €7, or £5 for credit cards and ePayments. Additionally, accounts with less than 200 in turnover are subject to a 10% levy on withdrawals.

Deposit and Withdrawal

Customer Service

Contact OptionsDetails
Phone+44 1276900021
Emailsupport@bitreserve.cc
Contact Form
Online Chat
Social Media
Supported LanguageEnglish
Website Language

The Bottom Line

Bitreserve is not a good choice to trade. It is not regulated. Their website is not available, causing blur trading conditions. Whats more, they charges unreasonable withdrawal fees. Therefore, traders had better find another broker who are regulated well.

FAQs

Is Bitreserve safe?

No. It has not regulated,

Is Bitreserve a good for beginners?

No. Their trading conditions are not transparent and safe.

What security measures does Bitreserve have in place to protect my funds and personal information?

No.

Broker Information

Company Name

Bitreserve

Abbreviation

Bitreserve

Regulatory Status

No Regulation

Platform registered country and region

United States

Company website
Phone of the company
  • +44 1276900021

X

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Facebook

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Instagram

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YouTube

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Company address

--

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • support@bitreserve.cc

Company Summary

Review

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