Basic Information
Registered Region 
Australia
AustraliaOperating Period
2-5 years
Company Name
BITmarkets
Customer Service Email Address
support@bitmarkets.com
Contact Number
+442045795923
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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9
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/10
BITmarkets
Australia
|
2-5 years
|
Suspicious Regulatory License
|
High potential risk
https://bitmarkets.com/
Website
Rating Index
Influence
Influence
B
Influence index NO.1
Czech Republic 3.25Surpassed 13.40% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+44 20 4579 5923
support@bitmarkets.com
https://bitmarkets.com/
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Biz Area
Website
Genealogy
Relevant Enterprises
Company Summary
Wiki Q&A
Comment
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Website
bitmarkets.com
172.67.8.35Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
FLYING MONEY PTY LTD(Australia)
Deregistered
Australia
Registration No. 620381464
Established
Related sources Website Announcement
Company Summary
| BITmarkets Review Summary | |
| Founded | 2010 |
| Registered Country/Region | Australia |
| Regulation | No regulation |
| Market Instrument | Cryptocurrencies |
| Demo Account | / |
| Trading Platform | BIT markets App |
| Customer Support | 24/7 multilingual support |
| Phone: +44 20 4579 5923 | |
| Email: support@bitmarkets.com | |
BITmarkets Information
BITmarkets, founded in 2010, is an unregulated brokerage registered in Australia. It specizlizes in crypto trading via BIT markets App.
Pros and Cons
| Pros | Cons |
| 24/7 multilingual support | Unregulated status |
| Limited trading markets | |
| No MT4/MT5 | |
| No popular payment methods | |
| Deposit and withdrawal fees charged |
Is BITmarkets Legit?
BITmarkets is unregulated, which means traders should be more careful when trading through BITmarkets.
What Can I Trade on BITmarkets?
BITmarkets offers traders the opportunity to trade more than 200 types of cryptocurrencies.
| Trading Instruments | Supported |
| Cryptocurrencies | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
BITmarkets Fees
BITmarkets is launching Tiered trading fee discounts. Their active users will be rewarded for their underlying support. VIP clients can get discounts automatically by meeting any one of the below-listed requirements to reach a specific tier level and enjoy the corresponding trading fees.
| VIP Level | Maker | Taker | 30-day Spot Trading Volume (USD) | Maker (BTMT 20% off) | Taker (BTMT 20% off) | BTMT Holding in USD |
| General User | 0.16 | 0.18 | 0 | 0.128 | 0.144 | ≥2,500 |
| VIP 1 | 0.12 | 0.14 | ≥250,000 | 0.096 | 0.112 | ≥10,000 |
| VIP 2 | 0.08 | 0.11 | ≥1,000,000 | 0.064 | 0.088 | ≥50,000 |
| VIP 3 | 0.05 | 0.08 | ≥10,000,000 | 0.04 | 0.064 | ≥100,000 |
| VIP 4 | 0.03 | 0.06 | ≥100,000,000 | 0.024 | 0.048 | ≥250,000 |
| VIP 5 | 0.02 | 0.04 | ≥500,000,000 | 0.016 | 0.032 | ≥500,000 |
| VIP 6 | 0.01 | 0.02 | ≥1,000,000,000 | 0.008 | 0.016 | ≥1,000,000 |
Trading Platform
BITmarkets' trading platform is BIT markets App, which supports traders on Android and iOS.
| Trading Platform | Supported | Available Devices | Suitable for |
| BIT markets App | ✔ | Mobile | / |
| MT4 | × | / | Beginners |
| MT5 | × | / | Experienced traders |
Deposit and Withdrawal
| Network | Currency | Min Deposit | Max Deposit | Deposit Fee | Min Withdrawal | Withdrawal Fee |
| SWIFT | EUR | EUR 30 | / | EUR 30 | EUR 100 | EUR 10 + 2.5% |
| SEPA | EUR | EUR 20 | / | EUR 10 + 0.25% | EUR 100 | EUR 10 + 2.5% |
| EUR | EUR 30 | / | FREE | EUR 100 | EUR 10 + 2.5% | |
| RupeePay | INR | ₹500 | ₹30,000 | 7% | / | 6.50% |
| deluxepay365 | ₹ 8,000 | ₹1,000,000 | 5% | / | 3.75% | |
| growpayments | ₹ 8,000 | ₹1,000,000 | 5% | / | 3.50% | |
| VNPAY | IDR | Rp 350,000 | Rp 500,000,000 | 5% | / | 1.50% |
| MYR | RM 10 | RM 50,000 | 5% | / | 1.50% | |
| VND | VND 100,000 | VND 1,000,000,000 | 5% | / | 1.50% |
Keywords
- 2-5 years
- Suspicious Regulatory License
- High potential risk
Wiki Q&A
Yousef47 
1-2 years
What is the minimum deposit at BITmarkets?
BITmarkets offers a minimum deposit depending on the payment method, such as EUR 30 for SWIFT deposits, INR 500 for RupeePay, and RM 10 for MYR deposits.
Broker Issues
Withdrawal
Deposit
07-24
United States
WoodCrusher
1-2 years
Is BITmarkets a legitimate broker?
While BITmarkets is a legitimate broker offering cryptocurrency trading, its unregulated status raises concerns about the safety of users' funds. The lack of regulation means that there are no official safeguards in place to protect traders.
Broker Issues
Regulation
07-22
United States
Nagarjuna
1-2 years
What trading platform does BITmarkets use?
BITmarkets uses the BIT markets App for trading, which is available on mobile devices (Android and iOS). The platform is suitable for cryptocurrency traders but does not support MT4 or MT5, which are more common among forex traders.
Broker Issues
Platform
Account
Leverage
Instruments
07-09
United States
helpneeded
1-2 years
Is BITmarkets regulated?
No, BITmarkets is unregulated, which means it lacks official oversight from regulatory authorities. Traders should exercise caution when using this platform due to the risks associated with trading on an unregulated broker.
Broker Issues
Regulation
06-29
United States
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