Bittcommerce review/bittcommerce.org scam – Forex Broker Reviews, Trading Platform Reviews

Bittcommerce Review: A Critical Examination of the Company’s Practices

In recent years, the foreign exchange (Forex) market has experienced significant growth, with millions of individuals worldwide engaging in online trading. This surge in popularity has led to an influx of new Forex brokers, each vying for a share of the market. Amidst this sea of competition, Bittcommerce (Bittcommerce.org) has emerged as a relatively new player, boasting a sophisticated trading platform and competitive pricing. However, as with any online trading platform, skepticism surrounds its legitimacy. In this review, we’ll delve into the company’s practices, services, and potential red flags, providing readers with a comprehensive understanding of whether Bittcommerce is a trustworthy option.

Registration and Regulation

Upon examining Bittcommerce’s website, it’s clear that the company is registered in the British Virgin Islands (BVI), a jurisdiction known for its lenient regulations and lack of transparency. While this might raise concerns, some Forex brokers are registered in the BVI, and it doesn’t necessarily imply illegitimate operations. However, it’s essential to note that Bittcommerce’s registration does not necessarily guarantee regulatory oversight or protection for its clients.

Services and Trading Platform

Bittcommerce offers a range of services, including Forex, commodities, and indices trading. Their proprietary trading platform is based on the popular MetaTrader 4 (MT4) software, which is widely used in the industry. The platform features various analytical tools, technical indicators, and charting functionality, making it an attractive option for beginners and experienced traders alike. Commission-free trading, micro-account options, and leverage up to 1:500 are some of the enticing features offered by Bittcommerce.

However, it’s crucial to mention that the platform’s performance might be compromised by the company’s severe server issues, which have been reported by numerous clients. Server downtime, delayed order execution, and unresponsive customer support have led to frustration and financial losses for some traders.

Fees and Commissions

Bittcommerce’s fee structure is competitive, with a minimum deposit requirement of $250. The spread, starting at 1.5 pips, is relatively narrow, and the company offers a competitive swap-free trading policy. However, it’s essential to review the fine print, as additional fees might be applied, such as a $15 monthly inactivity fee.

Customer Support

Bittcommerce boasts 24/7 customer support, available through multiple channels, including live