Bitapex has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.bybesttrades.com.
The spread at Bitapex is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after seeing their ad online and initially thought the platform was good - until I started trading seriously.
Pros: No hidden fees|Competitive fees|Smooth onboarding|Educational resources
Cons: Limited ETF selection
The so-called education at Bitapex is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for the past six months thinking they would help me learn.
Pros: Personal attention|Multi-currency support|Stable platform
Cons: Account statements could be more detailed