Bithoven

Bithoven Review: Is Bithoven Broker Good?

Broker overview and general information

Bithoven was launched in 2019 and initially offered spot and margin trading. Later, the company reoriented itself to exclusively offer leveraged trading, as this direction offers more trading opportunities, maximum liquidity, and access to a wide range of markets, such as Forex, commodities, etc. The broker has managed to develop a platform for novice traders and advanced trading tools.

Broker Licensing and Regulation

If you ask whether Bithoven is good, you should start by considering the license and registration factors first. The broker has the following licenses:

• Bithoven.comIt is a trading name of Fortis Ltd., which is authorized and regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines with registration number 25256 BC 2019. The company address is Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines.

⚠️Warning:Although the broker claims to be regulated by the FSA of Saint Vincent and the Grenadine, no licensing or regulatory information of this broker has been found upon inspection. Investors should be aware of the risks involved as there may be no financial protection from the regulatory body. It is advisable to conduct thorough research and consideration before investing.

Trading products and services

Trading products

Forex: Offers CFD trading services on currency pairs, allowing you to speculate on exchange rate fluctuations between major currencies such as EUR/USD, USD/JPY and GBP/USD.

Trading Platform

Broker supports trading via XOH Trader platform.It is a fully featured and modern platform that can be used on the web, mobile devices and desktop.

• XOH Trader Web: Users can access the platform directly from web browsers such as Chrome, Firefox, Safari, and Opera without the need to download or install any programs.

• XOH Mobile: Mobile applications that support both iOS and Android systems allow trading anywhere, anytime.

• XOH Trader for PC: For desktop users, the platform can be downloaded for both Windows and macOS and comes with all the trading functionality available in the web version.

XOH Trader Key Features

• Modern analytical and trading tools

• High command execution speed

• One-click trading from charts

• Economic calendar and market insights

• Supports trading of over 50+ assets

• Customizable interface

Bithoven Review: Account Types 

There is only one type of account: the Standard account.

Standard Account

• Minimum deposit: Depends on the deposit method used.

• Commission: $0

• Leverage: 1:1000

• Min volume: 0.01

• Stop out: 5%

Promotions and bonuses

• 100% deposit bonus offered up to $10,000

Deposit-Withdrawal Review

Deposit

Supported channels:

• Visa/Mastercard

• Perfect Money

• Advcash

• Crypto (USDT/BTC/ETH)

• Local Indonesian Banks

• Asia Banks

• Payment Asia

• VN PAY

• Supported currencies: USD, IDR, MYR, THB, VND

• Service fee: Free (0%) for all channels

Withdrawal

Supported channels:

• Perfect Money

• Advcash

• Crypto (USDT – ERC20/TRC20/BEP20)

• Local Indonesian Banks

• Asia Banks

• Payment Asia

• VN PAY

• Supported currencies: USD, IDR, MYR, THB, VND

Service fee:

• Free (0%): Crypto, Bank Local Indonesia

• 0.5%: Perfect Money, Advcash

• 1.5%: Asia Banks, Payment Asia, VN PAY

Support and Customer Service

• Email:[email protected]

• Contact via website:https://bithoven.com/en/contact

Broker Overview Summary

Bithoven is a broker focused on providing cryptocurrency trading services. It has the advantage of attractive deposit bonuses, but there are still several disadvantages to consider. The platform lacks regulation from a reliable financial authority, raising concerns about investor safety. In addition, there is only one account type. Basic information about trading, including minimum deposit and withdrawal, and other conditions, are not very clear.

In conclusion, Bithoven has its advantages in terms of promotions, but due to its lack of transparency and lack of clear regulation, it is advisable to consider carefully before deciding to invest.

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