Bitmc is a CFD broker officially registered on April 19, 2024. The broker primarily offers users numerous trading markets through the ST5 trading platform and its related mobile applications, including forex, commodities, commodity CFDs, stock index CFDs, and more.
Corporate Registration Information and Regulatory Status:
Official information from Bitmc's website indicates that it is authorized and regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), with license numbers 927552 (FCA) and 500991 (ASIC), respectively.
Upon verification, the FCA's official website shows that the entity with license number 927552 is EBC Financial Group (UK) Ltd, while the ASIC's official website shows that the entity with license number 500991 is EBC FINANCIAL GROUP (AUSTRALIA) PTY LTD. These two companies are actually the registered entities of the broker EBC Financial Group, which has no relation to Bitmc.
Account Opening:
To open an account with Bitmc: access the broker's official website, click on “Open Account” on the upper right corner to go to the account registration page. Start by verifying your email. After verification, set your login password and submit. Once the application is submitted, the account can be successfully registered.
Types of Trading Accounts:
Bitmc offers users two different types of trading accounts: “Standard Account” and “Professional Account”.
Standard Account:
- Spread: From 0.06 pips
- Trading Commission: 0
- Maximum Leverage: 1:500
- Minimum Trading Volume: 0.01
- Maximum Trading Volume: 40
- Minimum Deposit Amount: $200
- Margin Level: 30%
- Limit on Pending Orders: 5
- Hedging: Available
- EA Compatibility: Available
- 24/5 Online Support: Available
- Dedicated Account Manager: Available
- Trading System: Available
Professional Account:
- Spread: From 0.0 pips
- Trading Commission: $6 per lot
- Maximum Leverage: 1:500
- Minimum Trading Volume: 0.01
- Maximum Trading Volume: 40
- Minimum Deposit Amount: $5000
- Margin Level: 30%
- Limit on Pending Orders: Unlimited
- Hedging: Available
- EA Compatibility: Available
- 24/5 Online Support: Available
- Dedicated Account Manager: Available
- Trading System: Available
Trading Platform:
Bitmc provides users with the ST5 trading platform.
Deposits and Withdrawals:
Bitmc supports deposits and withdrawals through China UnionPay, VISA, Mastercard, PayPal, and other methods.
Summary:
Traderknows Encyclopedia warns investors that Bitmc is a scam website operated by the clone broker EBC Financial Group. Traderknows Encyclopedia advises investors to choose brokers with transparent information, strong regulation, and a good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows Encyclopedia.
