bitechtrade.com is a contract-for-difference broker website with a domain registered on January 30, 2024. This broker mainly offers investment services to investors in trading markets, including forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services in countries and regions where offering such services might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on the official website of bitechtrade.com, this broker was established in 2016, identifying itself as VLS, and claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, beyond this, the broker has not disclosed any company registration information or detailed regulatory data.
Upon investigation, the Australian Securities and Investments Commission (ASIC) has no record of a regulated company named "VLS".
Therefore, bitechtrade.com is, in reality, a fraudulent broker website with no company entity or any regulation.
Account Opening Process
To open a trading account on bitechtrade.com, visit the official website, click on "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage. Fill in personal information such as name and email, set a password, and submit. After verification, the account will be successfully registered.
Trading Products
bitechtrade.com offers clients a variety of trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies and is known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Indices trading allows speculation on the performance of an entire market or specific sector without trading individual shares. By exploring popular indices, diverse trading opportunities can be found, and high leverage can be used to enhance potential returns.
- Commodities: Commodities trading covers key resources of the global market, enabling traders to buy and sell a variety of raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to engage in price movements of public companies' shares, earning from price changes and dividends based on the company's performance without actually owning the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
bitechtrade.com offers eight different types of investment plans: STARTER, PREMIUM, VIP MEMBERSHIP, FOREX SIGNAL SUBSCRIPTION, STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER:
- Minimum deposit: $600
- Minimum expected profit: $2,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
PREMIUM:
- Minimum deposit: $1,500
- Minimum expected profit: $10,500
- Maximum expected profit: $15,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
VIP MEMBERSHIP:
- Minimum deposit: $5,000
- Minimum expected profit: $15,000
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNAL SUBSCRIPTION:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payment only
- Use any broker
STARTER ACCOUNT:
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payment only
- Use any broker
Trading Platform
bitechtrade.com provides users with a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over a comprehensive liquidity provider, and executes more than 12,000 orders per second.
Deposit and Withdrawal
bitechtrade.com only supports deposits and withdrawals via cryptocurrencies.
Conclusion:
Traderknows warns investors that bitechtrade.com is a scam broker that entices investors with high returns but has no company entity or regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
