FOREXBIT Forex Broker

Note:FOREXBIT's official website: https://www.forexbit.com/ is currently inaccessible normally. FOREXBITReview Summary Founded2020 Registered Country/RegionUnited Kingdom RegulationUnregulated Market InstrumentsCurrencies, cryptocurrencies, indices, commodities, stocks, futures Demo Account/ Leverage/ SpreadFrom 1.8 pips Trading PlatformSimplex, ForexPro Min Deposit$250 Customer SupportTel: +44 203 966 6292 Email: support@forexbit.com FOREXBIT is an unregulated dealer founded in 2020 in the United Kingdom. It offers trading instruments including currencies, cryptocurrencies, indices, commodities, stocks, and futures. It supports Simplex and ForexPro as trading platforms, with a minimum deposit of 250 USD.Pros and Cons Pros Cons Multiple market instrumentsInaccessible website No regulation MT4/MT5 not available Limited payment options High minimum deposit Withdrawal limits and fees Inactivity fee chargedIs FOREXBIT Legit? No, FOREXBIT is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.What Can I Trade on FOREXBIT? ForexBit provides trading in both forex and binary options, and its offer is very broad in terms of assets. It includes currencies, cryptocurrencies, indices, commodities, stocks, and futures. The brokers crypto coins product range is very wide, including Bitcoin, Ethereum, Ripple, Litecoin, Dash, IOTA, ZCash, Ada, NEO, Bitcoin Cash, Stellar Lumens, and more. Tradable Instruments Supported Currencies✔ Cryptocurrencies✔ Indices✔ Commodities✔ Stocks✔ Futures✔ Bonds❌ Options❌ ETFs❌Trading Platform The Simplex platform offers trading in binary options, while the ForexPro is more advanced and intended for forex trades. The latter is also easy to use, but also equipped with a lot of technical analysis indicators and charting powered by TradingView. Trading PlatformSupported Available Devices Suitable for Simplex✔// ForexPro✔// MT4❌/Beginners MT5❌/Experienced tradersDeposit and Withdrawal ForexBit accepts payments via Visa, wire transfer and a number of cryptos including Bitcoin, Ethereum, Ripple, DASH, Monero and others. The withdrawal fee for wire transfer is 20 USD, with a minimum withdrawal amount of 300 USD. The minimum withdrawal amount for credit card withdrawals is 50 USD.FOREXBIT Fees ForexBit charges a monthly administration fee of $50 for accounts that have been inactive for more than 3 months (inactivity fee), and also some administrative fee for chargebacks.