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BitMarket Review – is www.bitmarket.net scam or good cryptocurrency exchange?
RECOMMENDED BITCOIN BROKERS
Trading A ccounts and C onditions
|Account type||Minimum deposit||Leverage||Maker fee||Taker fee|
|Standard||No||1:4||0% – 0.15%*||0.30% – 0.45%*|
*Depending on the User’s turnover in the last 30 days. Withdrawal fee s also apply (0.0008 BTC).
BitMarket is a n European exchange that offers both fiat-to-crypto and crypto-to-crypto trading. I ts transaction fees depend on the type of transaction, as well as on the user’s trading volume . It also offers leveraged trading and s waps contracts – investments with steady income by providing liquidity to investors trading on margin.
Like most crypto-exchanges, BitMarket uses two-factor authentication (2FA) for security purposes.
Traditional fiat currencies supported
BitMarket supports two “traditional” fiat currencies: PLN and EUR. So, its users can buy cryptocurrencies directly with cash, or cash out their coins.
Bank Wire payments supported (including SEPA)
Supporting fiat currencies is also an advantage as it allows investors to use convenient payment methods such as bank transfer and credit card payments. BitMarket supports bank wire payments, as well as BlueCash express payments, and of course, blockchain transfers .
M argin trading offered
BitMarket offers leveraged trading, which rather unusual for a crypto exchange. Perhaps most exchanges do not provide leverage as it adds aditional risk to trading, and crypto currencies tend to be much more volatile than the established traditional ones.
The maximum leverage ratio at BitMarket is 1 to 4. If you need higher ratios, check out the link below.
Nice trading platform, mobile app available
Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!
BitMarket’s trading platform is web-based and easy to use. It has some basic charting, however there are no technical analysis tools. Here is a snapshot:
At BitMarket, you can also trade by using API, and there are Android or iOS apps for those who prefer to trade on the go.
Verification is not required at BitMarket if you only sell cryptocurrencies, but the exchange has set certain limits: you are allowed to keep digital assets worth no more than EUR 15000 in your non-verified account ( in a calendar year ) . Keep in mind that verification is required before you add funds to your account in PLN and EUR, regardless of the amount. Pending account verification, you may still use most of the functionality of our exchange.
Not many coins available for trade
There are only four digital coins available at BitMarket and you can trade in the following pairs:
As a number of crypto-investors have asked BitMarket to launch trading in Ethereum, the exchange plans to introduce ETH/EUR and ETH/PLN in the near future.
Not regulated, r egistered offshore
Indeed, most crypto-exchanges are not licensed, not overseen by any governmental authority, however BitMarket is a Polish exchange which is registered in the Seychelles, which makes the situation a bit worse. Companies registered offshore generally do not inspire a lot of trust.
High market taker fees
T he trading fees at BitMarket are higher than what we are used to seeing at other exchanges. Those who don’t trade in large volumes are charged with 0.45% Taker fee, which is double the size of the what m ost other companies charge ( around 0.2 0% – 0.25 % ) . Here is the complete information on trading fees at BitMarket:
A Polish crypto-exchange registered offshore, BitMarket offers trading in several cryptoicurrencies and accepts fiat currencies. Our impression is that it is a reliable platform, despite the fact that the company behind it, BitMarket limited, i s registered in the Seychelles. It has been in business since 2020 and also offers options of margin and anonymous trading.
The BitMarket exchange has been developed by the creators of AfterMarket.pl, a large domain marketplace in Central Europe. The company is also a member of the Polish Business Center Club.
As regards security, BitMarket claims that customers’ funds are kept in a cold wallet. A nother fact worth noting is that to this date, the exchange has not been hacked. A s regards user reviews on the exchange, the very few we found are a mixed bag.
What we dislike about this exchange is the relatively limited digital assets portfolio, and the high taker fees. We remind you that you can also trade in Bitcoin and other altcoins with forex brokers. B elow you can find a list of companies that are duly licensed by the respective financial watchdogs .
F iat currencies supported, bank transfer payments available
Not regulated, registered offshore
Margin trading option
High market taker fees
Anonymous trading possible
Limited number of altcoins offered
Relatively nice platform, mobile apps available
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
STS Crypto Review
STS Crypto is an unlicensed Forex and CFD broker, that have been blacklisted by Italian financial regulator CONSOB. What is worse, its website does not feature even the name of the company operating the brand. There is only an address in Germany mentioned in the broker’s Terms and Conditions. When we googled this address, we found out that it belongs to Capital Letter GmbH, an entity that has become quite notorious in the German crypto trading community.
STS Crypto is considered not safe, as it is not regulated by top-tier financial authorities, like the CySEC in Europe, UK FCA and the Australian ASIC.
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STS Crypto Review
STS Crypto is an offshore brokerage that focuses on cryptocurrency CFDs trading, although more traditional instruments like forex, as well as CFDs on indices, commodities and stocks are also available. Yet, the broker does not disclose any trading conditions, so we cannot comment on those. What is worse, STS Crypto operates on heavily regulated market such as the European Union, without holding a legit license, and this hasn’t gone unnoticed by financial regulators.
During our review of STS Crypto, we saw that they are not offering the standard MT4 platform for trading. The platform offered is actually quite good, with charting powered by TradingView and a lot of technical analysis indicators.
As was noted above, STSCrypto’s platform is not bad, but still, there’s no room for comparison with the industry leading MetaTrader4 (MT4).
STS Crypto License
Here at the Scam Expert Advisor, we have reviews of many Forex brokers and trading software. The number one item we check when reviewing a broker to see if they are a scam is a valid license.
The reason smart people online invest with a licensed broker, is because there are many investment scams online. By using a licensed and regulated broker, you know your money is safe, and the company is monitored by the governments regulators.
STS Crypto is shrouded in mystery and did not mention anything about regulation and licensing.
While cryptocurrency exchanges in most countries are still unregulated, the situation with CFD providers like STSCrypto is different – they must hold forex broker licenses in order to operate legally on regulated financial markets like Canada, the EU, and more.
Having engaging experts by your side is another way of making the most out of trading. With professionals by your side, you are bound to make real profit margins. Trading with experts has it perks; safety is a guarantee with trading gurus. They will keep your trading activities safe and ensure you sign up with productive brokers. Having industry backed and recommended brokers as your partner is a step in the right direction. What are you waiting for? Sign up with authentic brokers today!
Review Verdict : STS Crypto is a Scam!
Our best advise for you
As its name suggests, STS Crypto is one of the many investment intermediaries that exploits the frenzy around digital assets like Bitcoin. The broker, however, is clearly not legitimate, and most likely involved in investment scam. Therefore, we would advise those of you keen on trading Bitcoin and other coins to look into better and safer trading options. Remember, financial regulation is the key factor when choosing a brokerage, and it’s always best to check whether a company is licensed prior to dealing with it.
Having formidable and flexible trading tools is the right answer to getting desired results. Main key to trading success is having productive Forex robots proven to make results. What are you waiting for? Sign up with industry tested and expert recommended Forex trading robots. Time to make money is now with acceptable and dependable Forex trading tools. Your time to succeed is now with transparent and trustworthy Forex trading robots. Make the informed decision today and increase your chances of winning.
Evolve Review: Scam Or A Legit Bitcoin Broker?
Nowadays, Bitcoin brokers are getting more and more popular. Evolve is one of the crypto brokers that seems to be among the most popular in the list of brokers. This is obviously because the value of cryptocurrencies grows by the day – and the popularity of these crypto exchanges is greater with every single day.
When it comes to our Evolve review, though, it is safe to say that we recommend this broker platform because of a number of reasons. First of them is the fact that Evolve lets you trade stocks, currencies, commodities, cryptocurrencies and similar instruments online. The payment gateways include MasterCard, PayPal and wire-based transfers through which you can withdraw or make a deposit.
Evolve makes everything simple. The blue interface brings the very best of the features when it cones to online trading. The brokerage firm has a platform that is the most trusted according to many – and an award-winning one that offers cross platform solutions for online traders. Equipped with handy features, the platform gives a flexible and interactive trading environment.
When signing up, you can choose one of the two types of accounts: the Classic and Pro (with the Pro being the better one). Even if you choose Classic, you can later on switch without a minimum deposit, which is a big benefit.
Evolve also offers two-factor authentication which makes it easier to trade crypto online. Traders can use the 2FA from MetaTrader 4 Password or Google Authenticator. There is no identity verification required, which keeps the entire process anonymous. So in the end, it is safe to say that Evolve is one of the best online brokers for Bitcoin, cryptocurrencies and a many other instruments.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
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ScammedBroker.com: The Story Behind A Fad (And What We Have Against Him)
February 12, 2020
This Investigation in relation to ScammedBroker.com. Fake reviews are a huge problem for everyone, especially people who own some kind of business. In the online world, it’s extremely easy to create an account and leave mostly negative comments regardless of whether that person has ever tried a specific service or a product.
Over the past few days, emails have been piling up into our business accounts inbox, all in order to warn us about people leaving fake reviews for a broker or an exchange. As the email progressed, it went on asking for money- $5oo USD to be exact – in order to remove the comment.
Screenshot from the website
Our Investigative Reports Show That 80% Of Us Trust Online Reviews, Making These Attacks Serious
Fortunately, our team at DC Forecasts has tons of experience with cases like these – so we immediately jumped in to investigate this issue and provide our readers with a full breakdown of what actually happens when fake reviews and fads like this one appear online.
The attacks such as this one can have a huge impact on the business itself because about 80 percent of the people trust the reviews and every one-star review can increase the chances of decreasing the revenue. Online reviews have also a strong impact on the users’ decisions and it’s important to try and protect the users from similar attacks like the one mentioned above.
The Story Behind ScammedBroker.com
One website named ScammedBroker.com has recently targeted multiple brokers and exchanges on various platforms. Some of the names included the popular commenting plugin Disqus, where ScammedBroker user seems to be writing fake reviews geared towards the platform within a minute span, claiming that all of the brokers on the site are a scam. The website which offers its users to check a certain broker or exchange before investing and going into crypto trading reportedly has “years of experience” and that it “will help its users to make informed decisions.’
The website of ScammedBroker.com claims to also “use regulatory data and has a team of specialists that review each broker or exchange” to provide accurate information for all of those who need the information the most. However, in reality, this is far from the truth.
Leaving Bad Reviews For Brokers And Blackmailing Them For $500 To Delete Them
The emails we got were warning of this new ‘’review’’ website since they leave bad reviews for all of the brokers and exchanges and later are contacting the certain platform and blackmail it for $500 in order to delete the bad review.
If you take a look at their website, you can clearly see that all of the extended reviews are negative but there are also ads that claim you can earn huge amounts of money by clicking on them. The site has no partners and it’s relatively new and there is no address or further contact details in order to get in touch with them.
Our Team Has The Proof: A Recording Can Prove This Scam
As one of the leading websites reviewing brokers and being in contact with new clients all of the time, DC Forecasts is proud to take in on this matter. In fact, we already have proof on the ScammedBroker.com case – coming in the form of recordings where users can see how this website blackmails brokers while asking for money.
Shocking, terrifying and unbelievable are some of the ways to describe this fad. However, at the end of the day, it’s important to always have your eyes open and look out for scammers and attackers online. Whether they want to hurt your business or blackmail you for payments, you need to find the tool that works best for you to defend yourself from such attacks.
The team at DC Forecasts hopes that this review helped you see the value of information – and prevent taking part in cases like these in the future!
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