Bitmart
Expo is a European financial services technology company founded in 2019 with
the belief that the development of the Internet will open up investment markets
for everyone. And what we are now evidencing proves the broker is right. In
just three years, Bitmart Expo has solicited tens of thousands of active
traders to its platform. The daily turnover of the broker platform is more than
150 million US dollars. The company serves customers from about 70 countries,
therefore, the technical support speaks 9 languages
(https://solarcoin.ru/otzyvy/forex_brokers/bitmart-expo-otzyvy-mozhno-doveryat-dengi-brokeru/).
Safety
(investor protection)
Bitmart
Expo, as a highly regulated broker, is a potentially safe trading platform as
its every move and action is strictly monitored for compliance with operational
rules. The activity of Bitmart Expo is legal, the broker is licensed by three
financial regulators.
The
main regulator is CySEC (Cyprus), license number — 695/42.
Other
regulators:
l
International Financial Services Commission (IFSC);
l
Financial Services Commission of the Republic of Mauritius.
Bitmart
Expo is sanctioned by various government agencies due to its global presence
and coverage of multiple jurisdictions. It successfully operates in the European
and Asian markets that means that it is regulated and authorized by each of the
authorized specific agencies that control the financial intermediary business.
Indeed, the requirements in each jurisdiction are slightly different, but in
general, all supervisory authorities adhere to the same goal: customer
protection and transparency of the market offer.
In
accordance with the rules, all the client funds are kept in accounts in
first-tier banks and are completely separated from the company’s funds. The
broker provides negative balance protection.
Bitmart
Expo benefits and drawbacks
Bitmart
Expo is a trusted European broker with the management with extensive experience
in dealing with financial markets, an excellent reputation and transparent
rules. The minimum deposit requirements are reasonable and the education
section is one of the best in the industry, making Bitmart Expo a great choice
for beginner traders. The broker provides a range of trading instruments with
tight spreads and proprietary software.
On
the other hand, there is no demo account on the Bitmart Expo platform. The
second drawback can be considered a 2% commission fee for any non-trading
transaction (deposit replenishment / profit withdrawal).
Leverage
The
Bitmart Expo platform supports margin trading that means that a trader may
trade positions that exceed the balance of its account. The benefit of margin
trading is the ability to earn with minimal investment, that is, to secure
potentially a large profit relative to the amount invested. However, if the
forecast is incorrect, losses also increase. Using leverage comes with risks.
The
maximum allowed leverage is determined by the regulators in each geographic
region. The platform limits the leverage to a ratio of 100:1.
User
account types and account opening
Bitmart
Expo has developed five account types that offer fairly competitive trading
conditions without a dealing center model. The broker provided an opportunity
for traders with different starting capital and different needs to participate
in the investment process. Moreover, institutional and high-level professionals
get individual conditions and additional services.
Opening
an account on the Bitmart Expo online platform is quite simple and fast. To do
this, you need to take just a couple of steps:
|
Submit an application for opening an account (fill out the questionnaire,
providing the relevant information).
|
Select account type and transfer deposit.
After
fulfilling all the formal requirements, you can start trading.
Trading
charges
Bitmart
Expo allows you to trade over 150 instruments, including currency pairs,
commodities, indices, oil, cryptocurrencies and metals, with a minimum deposit
requirement of $250 and a trade size of 0.01 lot. The commission fee for a
traded lot is $5. The complete fee structure is shown in the table.
Spreads
The
Bitmart Expo spread is calculated through its own online platform connected to
numerous liquidity providers, who have access to the most accurate currency and
CFD exchange rates. The average spread for EUR/USD is 1.0 pips that is a very
competitive price.
In
addition to current quotes, the platform displays information about the
historical spread for a particular asset or instrument. This is useful for
understanding how the spread is affected by market volatility.
Offers
for deposits and withdrawals
The
issue of money transfers to and from a trading account is implemented in
different ways, depending on the trader place of residence. Different
jurisdictions, due to taxes and laws, allow specific payment methods, while
some methods may not be allowed to be used.
Deposit
options
- In Europe, Bitmart Expo
supports several deposit methods:
- VISA / MASTERCARD bank cards;
- SEPA system;
- Bitcoin cryptocurrency.
All
the methods of replenishment are absolutely legal and do not require additional
inspections by the tax authorities.
Withdrawal
As
with deposits, withdrawal options vary depending on the location of the trader.
In Europe, most transactions are made via wire transfer or credit cards with a
2% withdrawal fee. The money is credited to the trader’s account within 1-3
business days.
How
to withdraw money from the Bitmart Expo platform?
Investment
capital is managed through the online account area, where you can create a
withdrawal request following step-by-step instructions. Commission fee reports
and account history are also available here.
Trading
platforms
Bitmart
Expo’s technology and software offering aims to protect the client and their
transactions. The software supports tight spreads and flexible price chart
settings.
The
software is the broker’s own development. Traders benefit from a new
proprietary order execution engine that guarantees transaction execution in
milliseconds.
Customer
service
Bitmart
Expo customer service provides technical and operational support 24/5.
You
may contact technical support in the following ways:
| by
phone number specified on the site;
| by
e-mail;
| in
online chat;
|
through representative office visit.
Communication
channels are available both on the Bitmart Expo website and in your account in
the Support section.
Education
The
broker provides its clients with educational resources and webinars, developed
taking into account the level of knowledge and experience of learners — from
basic to expert.
Beginners
learn to use the full range of trading instruments, including analytical
reports and advanced charts based on TradingView, an economic calendar, a
trader’s calculator, and other important research instruments that are very
useful for a successful trading experience.
Conclusions
All in all, Bitmart Expo has very attractive features such as pricing transparency, technical optimization, and many research instruments. Thanks to this, the broker has gained high customer confidence and popularity in the investment community. And the fact that the company works closely with global liquidity providers for sure adds another advantage to Bitmart Expo. This broker definitely deserves attention. Click site bitmart expo overview
Media
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