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Bittra Forex Broker provides real users with * positive reviews, 5 neutral reviews and 1 exposure review!

Bittra Broker Review

1.28

WikiFX monitor

Business

Influence E

License

No license

Bittra Review 6

Latest All(6) Neutral(5) Exposure(1)
Neutral

Trading hours are extensive, covering all major market sessions, so I never miss an opportunity. But spreads widen during certain times.

Geminy
2024-08-01
Neutral
Bittra Trading: Diverse Assets, User-Friendly Platform, Occasional Support Delays

Been trading on Bittra for a few months. Really like the variety of assets and the platform's ease of use. Had a bit of a wait for customer support once, but overall, it's good.

FX1704459312
2024-06-27
Exposure
Embezzlement/fraud of account funds

When I was trying to increase my capital in FX, a BITTRA/support representative introduced me to a transfer account, but the account was in a foreigner's name, so I refused the transfer. However, the BITTRA representative told me that they can only introduce foreign accounts for amounts less than 1 million yen, so I had no choice but to transfer money to that account, but no matter how many times I urged them, there was no response regarding confirmation of the deposit until around 11:00 pm on the same day. That evening, I finally got a chat with the person in charge and was told that the account I made the money into was frozen. However, not only that, my FX trading account was also frozen on suspicion of money laundering, and I was immediately instructed to ``transfer additional security deposit.'' This is a malicious tactic where they go out of their way to make large profits after completing large market trades and then freeze not only the transfer account but also the securities account. In addition, regarding the security deposit transfer for which there was an additional transfer instruction, the instructor of the LINE investment course (an ``impersonation'' of former Mizuho Bank employee ``Daisuke Karakama'') sent a photo of his driver's license as a guarantee for the deposit transfer. However, this is clearly a "fake driver's license" (confirmed at the police station). When I pointed out to BITTRA that it was a scam, I was forced to leave the FX investment study group the next morning. After that, after communicating with the BITTRA representative many times on LINE, I managed to get a promise to withdraw the funds from my account without any additional deposit, so I contacted them with my bank account information, but the BITTRA representative stopped contacting me immediately. Moreover, the LINE account of the person in charge of BITTRA was also deleted and it became impossible to contact them. After that, the trading software provided by BITTRA was also disconnected from the server, and the exchange appeared to be closed. Therefore, BITTRA ran away with my account funds. At the same time, the "Karakama Daisuke impersonator" has also become unreachable. Furthermore, when I checked with the police, it was discovered that all the bank accounts I used to make the transfer had been frozen by the fraud victim. Once again, I realized that I was a victim of fraud by a "malicious exchange." I later found out that BITTRA's support person had five LINE accounts and was using them for different purposes, so he seemed to be a repeat scammer. I had the opportunity to speak directly with them once, but the BITTRA representative's voice was male, not female. Even now, I use another LINE account to check my LINE posting history once every 10 days, but BITTRA still hasn't withdrawn the funds from my account. Based on the above, BITTRA can be said to be an organized criminal group.

bjworst
2024-05-25
Neutral
Bittra Trade Leap: Polished Platform, Generic Verbiage, Room for Refinement

Jumping into trades with Bittra was a unique experience. Their platform has a sleek, user-friendly design with a pretty versatile range of assets to trade, from stocks and bonds to commodities and cryptos. I appreciated the real-time market data and the handy trading tools. However, while the overall look and feel was professional, the text on the site felt pretty generic and not super specific to what Bittra specifically offers. Expect a better Bittra.

FX1494189055
2024-05-15
Neutral
Bittra's Trading Oasis: Unregulated Realm with Tactical Trading Tools & Insightful Reads

Bittra's got some cool features, but it's not all sunshine. Dig the variety of assets; suits my trading vibe. App's a breeze to navigate, perfect for sneaky trades during the day. The blog's a good read; got some nuggets of wisdom. But, and it's a big but, no regulators watching the scene, especially in the U.S.

Cornelia Van Drusen
2023-12-06
Neutral
Bittra: All-in-One Trading Ease with Regulatory Uncertainty Concerns

Whether I'm into stocks, bonds, or cryptocurrencies, Bittra has it all. The user-friendly design is a big plus, and I can easily access it on my phone, making trades on the go. The educational blog has been helpful too; I've picked up some useful trading strategies. However, the lack of regulatory oversight, especially in the U.S., does make me a bit nervous. I wish there was more clarity on customer support; relying on just an email feels a bit uncertain.

kinkill
2023-12-05

  

Bittra 2025 Review: Everything You Need to Know

  Bittra, a relatively new player in the forex and cryptocurrency brokerage landscape, has garnered attention since its inception in September 2023. However, the reviews and expert opinions surrounding this broker are mixed, with several red flags raised regarding its legitimacy and regulatory status. Overall, Bittra appears to be an unregulated entity that poses significant risks to potential investors, particularly those looking for a secure trading environment.

  Note: It is crucial to recognize that the regulatory environment can vary significantly across different jurisdictions. Therefore, potential users should approach Bittra with caution, given its lack of oversight from recognized financial authorities.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup 3
Trustworthiness 2
User Experience 3
Additional Features 4

  We rate brokers based on a combination of user feedback, expert analysis, and available data.

  

Broker Overview

  Founded in 2023, Bittra claims to offer a user-friendly mobile trading platform that allows users to trade a variety of assets, including stocks, indices, commodities, bonds, and cryptocurrencies. However, it has not established any significant regulatory affiliations, operating without oversight from major financial authorities like the FCA or CFTC. The platform currently does not support popular trading software such as MT4 or MT5, limiting its appeal for more experienced traders.

  

Detailed Breakdown

  Regulated Areas/Regions: Bittra is not regulated in any country, particularly in the United States, where it operates under a dubious status. The firm claims to be registered with the National Futures Association (NFA), but this has been debunked as there is no evidence of its membership.

  Deposit/Withdrawal Currencies/Cryptocurrencies: The specific deposit and withdrawal methods are not detailed on the Bittra website, raising concerns about transparency. Users should be wary of potential withdrawal issues, as indicated by some user complaints.

  Minimum Deposit: The minimum deposit requirement is unspecified, which is a significant red flag. Many reputable brokers provide clear information regarding their minimum deposit amounts.

  Bonuses/Promotions: There are no promotions or bonuses mentioned, which is atypical for many brokers looking to attract new clients.

  Asset Classes Available for Trading: Bittra claims to support a wide range of assets, including stocks, commodities, indices, bonds, and cryptocurrencies. However, the lack of a demo account and transparent trading conditions raises questions about the actual trading experience.

  Costs (Spreads, Fees, Commissions): The website does not disclose any specific information about spreads, commissions, or fees, which is a considerable drawback. The lack of transparency can lead to unexpected costs for traders.

  Leverage: There is no information available regarding leverage options, which is critical for traders looking to maximize their potential returns.

  Permitted Trading Platforms: Bittra only offers a mobile trading platform, which limits the trading experience for users who prefer desktop trading.

  Restricted Regions: Bittra does not have clear information on restricted regions, but it is not authorized to provide services in the United States.

  Available Customer Support Languages: Customer support appears to be limited to email communication, which is inadequate for users seeking immediate assistance.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup 3
Trustworthiness 2
User Experience 3
Additional Features 4

  

Detailed Breakdown of Ratings

  •   Account Conditions (3/10): The absence of a minimum deposit requirement and unclear account types significantly detracts from user confidence.

  •   Tools and Resources (4/10): While the mobile platform is user-friendly, the lack of desktop options and advanced trading tools limits its utility for serious traders.

  •   Customer Service and Support (2/10): Customer support is primarily through email, which many users have reported to be unresponsive. The lack of live chat or phone support is a major drawback.

  •   Trading Setup (3/10): The trading conditions are unclear, with no information on spreads or commissions available. This lack of transparency is concerning for potential traders.

  •   Trustworthiness (2/10): The unregulated status of Bittra raises significant concerns about the safety of user funds. Many experts advise against trading with unregulated brokers.

  •   User Experience (3/10): Users have reported challenges with the platform, including withdrawal issues and a lack of responsive customer support.

  •   Additional Features (4/10): While Bittra claims to offer a variety of trading options, the lack of a demo account and transparency in trading conditions limits its appeal.

  •   In conclusion, while Bittra presents itself as a modern trading platform, the lack of regulation, transparency in fees, and user support raises significant concerns. Potential users should exercise extreme caution and consider more established and regulated brokers for their trading activities.