BitEclipse foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://biteclipse.com, about the company's legal and temporary regulatory information, the company's address Vistra Corporate Services Centre, Suite 23, 1F, Eden Plaza, Eden Island, Mahe, Seychelles.
BitEclipse, founded in 2014, is an online trading platform operated by the N 2 KSW - Project Company, which is registered in Seychelles. The company operates as a private entity, providing a unique blend of services that cater to both retail and institutional clients. BitEclipse primarily focuses on multi-asset trading, allowing users to access a wide range of financial markets, including forex, commodities, and cryptocurrencies.
The broker has made significant strides since its inception, positioning itself as a hybrid between a forex broker and a cryptocurrency exchange. This innovative approach enables traders to engage with various trading instruments, including CFDs on currency pairs, commodities, and stock indices. The company prides itself on leveraging advanced fintech and ICT technology to enhance its trading capabilities.
BitEclipse's development journey includes the introduction of its proprietary trading platform, which aims to provide a user-friendly experience. The broker's business model is designed to accommodate diverse trading needs, making it an appealing option for traders looking for flexibility and a wide range of investment opportunities.
BitEclipse operates without regulation from any central financial authority, which raises significant concerns regarding its legitimacy. The absence of regulatory oversight means that the broker does not have to comply with stringent financial regulations that protect investors. There are no known regulatory numbers associated with BitEclipse, and it is not registered with any recognized financial authorities.
The company does not participate in any investor compensation schemes, which further heightens the risks associated with trading on this platform. Additionally, BitEclipse does not have a clear policy regarding the segregation of client funds, meaning that investor capital may not be adequately protected in the event of financial difficulties faced by the broker.
In terms of compliance, BitEclipse has not provided detailed information regarding its KYC (Know Your Customer) and AML (Anti-Money Laundering) measures. This lack of transparency can pose risks for traders, as it may indicate insufficient safeguards against fraud and money laundering activities.
BitEclipse offers a diverse array of trading products, with a strong emphasis on forex trading. The broker provides access to a wide range of currency pairs, including major, minor, and exotic pairs. The exact number of forex pairs available is not specified, but traders can expect a comprehensive selection.
In addition to forex, BitEclipse offers CFDs on various asset classes, including:
BitEclipse also provides unique trading opportunities through its proprietary token, known as BET, which allows holders to receive trading fee discounts and other benefits. The platform frequently updates its product offerings, ensuring that traders have access to the latest market trends and instruments.
For retail clients, BitEclipse provides a user-friendly trading environment, while institutional clients can benefit from tailored services, including liquidity provisions and advanced trading solutions.
BitEclipse does not support widely recognized trading platforms such as MetaTrader 4 or MetaTrader 5. Instead, it offers a proprietary web-based trading platform, which is designed to cater to traders of all experience levels. The platform includes essential trading features, such as real-time market updates, multiple chart types, and technical analysis tools.
In addition to the web platform, BitEclipse provides a mobile application compatible with both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The broker operates on a market-making model, which means that it may act as a counterparty to its clients' trades.
The technology infrastructure behind BitEclipse is built to facilitate high-frequency trading, with servers positioned to ensure low latency and fast execution speeds. The platform also supports API access for automated trading, providing advanced traders with the tools they need to implement algorithmic strategies.
BitEclipse offers several account types to accommodate different trading preferences, including:
The broker allows for a maximum leverage of 1:500, enabling traders to amplify their positions. The minimum trade size starts from 0.01 lots, making it accessible for traders with varying capital levels. BitEclipse does not specify overnight fees, which can be an important consideration for traders holding positions overnight.
BitEclipse supports deposits exclusively in cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). There is no minimum deposit requirement across the various account types, which can be appealing for new traders looking to enter the market. The processing time for deposits is generally immediate, allowing users to start trading without delays.
While BitEclipse claims to not charge any deposit or withdrawal fees, users may incur network fees when transferring cryptocurrencies. Withdrawal methods are limited to the same cryptocurrencies used for deposits, and the processing times for withdrawals can vary based on network conditions.
BitEclipse provides customer support through various channels, including email and social media platforms. However, specific contact details, such as phone numbers, are not readily available. The support team operates 24/7, allowing traders to seek assistance at any time.
The broker offers limited educational resources, which may include basic tutorials and market analysis. However, comprehensive training materials such as webinars or in-depth guides are not prominently featured. Traders seeking detailed market insights may find the available resources lacking.
BitEclipse primarily serves clients globally, but there are restrictions in place for certain regions. The broker does not accept clients from Seychelles, the United States, Japan, China, and other countries under UN sanctions. This limitation may restrict access for potential traders in these regions, emphasizing the importance of verifying eligibility before attempting to register.
In summary, while BitEclipse presents itself as a multi-asset trading platform offering a range of financial instruments, potential traders should exercise caution due to its unregulated status and limited transparency in operations. Always consider the associated risks before engaging with any trading platform.
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Eddy Tok
Australia
I recently started the forex trading with this company BitEclipse and I must say, I'm quite satisfied with their services. Their platform is easy to navigate and their customer service team is very helpful. I had a few issues with my account at first, but they were quickly resolved by their support team.
Positive
2023-03-23