BitZ was established in 2016 to provide traders from across the world with efficient and secure access to the global digital assets market. The cryptocurrency exchange provides traders with an in-house-developed platform that is available in the web and mobile versions for trading over 200 digital currencies, such as Bitcoin, Tether, Ethereum, Ripple, Litecoin, Bitcoin Cash, Dash, EOS, and more. Traders benefit from some useful trading tools and educational resources, whilst there is a client support team to assist them at every step. The minimum deposit required to operate a live trading account is just $1.
BitZ Review Introduction
In this BitZ review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
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BitZ Platforms & Tools
Trades are carried out with the Exchange’s proprietary trading platform, which has a simple interface that is suitable for traders of all levels of experience. Several trading tools, such as technical indicators, trade histories, price charts, and more, are built into the BitZ trading platform to ensure seamless trading. The platform is available as a WebTrader that can run directly on modern websites and a mobile app that is compatible with smartphones running on Android and iOS. The mobile trading app is beneficial for traders who wish to place trades while on the move.
Traders are also provided with some standalone trading tools to compensate for those that are absent on the provided trading platform. These include Charts powered by Tradeview, trade APIs, and more.
BitZ Research & Education
BitZ provides their clients with several educational materials, including guides, learning articles, and announcements that keep them in the know of the events that take place in the financial markets.
BitZ Trading Accounts
Traders are allowed to open a single live trading account with a low minimum deposit of just $1. Leverage of up to 1:20 is available, while a commission fee of 0.2% is charged on trades. It would be contrary to the Exchange’s terms and conditions to open multiple live trading accounts for a single user.
BitZ Account Funding
The Exchange allows traders to deposit and withdraw funds to and from their trading accounts using cryptocurrency (Bitcoin) only.
BitZ Customer Service
BitZ’s customer support team is available 24/7 to respond to clients’ general, technical, and account-based inquiries. They can be reached via the following contact channels: email, Live Chat, and social media.
There is no regulatory information on the broker’s website at the moment. Lack of regulation can discourage some potential traders and investors from opening an account with them because the safety of their invested funds is not guaranteed.
BitZ Review Summary
Overall, BitZ is a cryptocurrency exchange that is based in Hong Kong with offices across the globe. They provide traders with a proprietary platform for trading various digital assets without hitch. The Exchange makes available a selection of useful trading and learning tools and also provides a customer support team to assist traders. A minimum deposit of just $1 is required to operate a live trading account. However, the Exchange is not regulated by any known financial authority at the moment, which could be seen as a warning sign by potential traders and may discourage them from opening accounts with the Exchange.
It is worth mentioning that some of the trading products and services in this BitZ review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the BitZ broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.