BidTrade Forex Broker

Note: BidTrade's official website - https://bidtrade.net is currently inaccessible normally.BidTradeReview SummaryFounded2023Registered Country/Region/RegulationFCA (Suspicious clone)Market Instruments/Demo Account/LeverageUp to 1:100Spread/Trading PlatformWeb-basedMin Deposit$250Customer SupportTel: +4001179181216Address: 50 Broadway, London, SW1H 0BL, UNITED KINGDOM BidTrade was registered in 2023. Information about this company is scarce, and what is clear is that it uses its own web-based trading platform, and the minimum deposit is $250, with a maximum leverage of 1:100. Moreover, it holds a suspicious clone FCA license, and the potential risks are pretty high.Pros and ConsPros Cons NoneInaccessible websiteSuspicious clone licenseNot supported by MT4 or MT5High minimum depositOnly email supportIs BidTrade Legit? No, BidTrade holds a suspicious clone license. Since its website is inaccessible and its own trading platform is not stable, the potential risks are rather high, and please be aware of the risks!Regulatory AuthorityFinancial Conduct Authority (FCA)Regulatory Status Suspicious CloneRegulated by United KingdomLicensed Institution Bids Trading LimitedLicensed TypeAppointed Representative (AR)Licensed Number763377Leverage In BidTrade, the leverage can be up to 1:100. When the leverage is high, potential risks may also be high. Therefore, please be careful and weigh the risks before investing.Trading Platform BidTrade uses its own web-based trading platform.Trading PlatformSupported Available Devices Suitable forWeb Trader✔Web/MT4❌/BeginnersMT5❌/Experienced traders