Bithoven Review 2019 | Is Bithoven a Scam or Legit Forex Broker?

Read our Bithoven review to find out if Bithoven is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

2.8/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
3.0/5
Trading platforms
80% Complete (danger)
4.0/5
Tradable Products
20% Complete (danger)
1.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
# Broker's Features BITHOVEN Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Bithoven.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Bithoven offers Online Financial Trading and Investment Services Such as CFD for Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Bithoven is Broker.

Executing Trades:

Bithoven allows you to execute a minimum trade of 0.01 BTC. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Bithoven recommended minimum capital is $0.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Bithoven is regulated by FSA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: The crypto market in general is still largely unregulated, and that is the reason most crypto exchanges to operate without a license. Bithoven is not an exception – it is owned by Fortis Ltd., a company based offshore on Saint Vincent and the Grenadines.

Account currencies: Next lets consider the Account currencies each broker offers. Bithoven offers BTC different account currencies for each account types.

Bithoven offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. Bithoven offers English, Thai, Malaysian.

Payment methods: Next lets have a look at each broker's payment options. Bithoven offers Bitcoin different payment methods for each account types.

At Bithoven Withdrawals can be made through credit and debit cards, bank wires and e-wallets. The broker charges no fees for transactions.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Bithoven makes MT5 available to clients.

Web & Desktop Trading Platforms: Use MetaTrader 5 for Web Browser without downloading or installing any application. You can trade on margin from any browser straight away!
Mobile Trading Platforms:

Other

Recup
Bithoven is a newly founded crypto currency exchange, which facilitates trade with a good variety of alt coins and tokens with low trade commission and acceptable withdraw fees. As most crypto exchanges however, Bithoven is not authorized by an official financial regulator such as the Financial Conduct Authrity in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).

Final Thoughts
The selection of crypto coins at Bithoven is really impressive – among others here you can trade Bitcoin, Ethereum, Ethereum Classic, Ripple, Bitcoin Cash, EOS, Litecoin, Stellar, USD Tether, TRON, Bitcoin Cash SV, First Blood, EcosBall, AML Bitcoin, The Abyss, Alphacat, Monero, Monero-Classic, NEM, Zcahs, NEO, IOTA, Litecoin, Dogecoin, Dash, Cardano, Binance Coin and many other altcoins and tokens – well over 400.

People Also Asked

Is Bithoven regulated?
Yes, Bithoven is regulated by top-tier regulators, FSA inclusive.
Where is Bithoven based?
Bithoven is based in , Saint Vincent and the Grenadines
How does Bithoven make money?
Bithoven charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in Bithoven account?
With Bithoven you can deposit money via the following means; Bitcoin.
How do I withdrawal in Bithoven account?
Bithoven lets you request a withdrawal of funds from your account via the following means; Bitcoin.
What is the minimum deposit for Bithoven?
Bithoven has $0 minimum deposit.
What are the available account base currencies with Bithoven?
Bithoven trading accounts are offered in BTC. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Bithoven?
Bithoven has a maximum leverage is 1:20 for professional traders.
How do I open an account with Bithoven?
Opening an account with Bithoven is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Bithoven use MetaTrader?
Bithoven platforms: Yes, Bithoven use MetaTrader as well as the following platforms: MT5
What type of broker is Bithoven?
Bithoven appears to be a Broker broker which offers market access to a variety of traders.
Does Bithoven accept US clients?
No
Does Bithoven offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Bithoven: You can trade a wide variety of instruments with Bithoven: CFD for Cryptocurrency

Are you Satisfied with what They Offer?