BITIFX

General Information & Regulation

BITIFX is a US-registered online Forex and CFD broker with many years of experience in the industry. BITIFX claims to be regulated by FINTRAC (Regulation No. M20832605) in Canada, as well as by St. Vincent and the Grenadines FSA (Regulation No. 25418 BC 2019) and the NFA (Regulation No. 0517547) in the United States. However, in fact, these two licenses are suspect to be fradulent ones.

Market Instruments

BITIFX offers investors foreign exchange trading in more than 50 currency pairs, commodities, indices, shares, rates and bonds, precious metals trading, and a range of CFDs.

Minimum Deposit

The BITIFX International platform offers a live account and a demo account for traders to practice their trading strategies.

BITIFX Leverage

BITIFX announces that it offes flexible trading leverage. However, no maximum trading leverage related information is mantioned. Since margin trading is full of risks, inexperienced traders are not advised to use high trading leverage.

Spreads & Commissions

BITIFX official website also does not show the spreads and transaction fees for any trading assets, but only the minimum number of lots, the maximum number of lots, and the trading hours of the product. Traders with opaque trading fees like this are mostly scams, and traders should be careful to pay attention to screening.

Trading Platforms

BITIFX's MT4 forex trading accounts can be connected to a variety of world-class Forex trading platforms, allowing you to trade forex anytime, anywhere when the market is open. All BITIFX trading platforms support real-time bi-directional links to MT4. All MT4 trading platforms are updated simultaneously, which means you can place, close, pending, and modify all orders in real-time, whether from your computer via a client, browser, or from the cell phone or iPad.