BITBinvest (bitbinvest.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 61240576483, 18259175070
Addresses: Route des Jeunes 6 1212 Grand Lancy Geneva Switzerland This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: client.bitbinvest.com.
If you are reading this considering BITBinvest (bitbinvest.com) - run. I wish I had read more negative reviews while looking for alternatives to my previous provider. I thought the positive ones were real. Maybe some are. My experience over for the past six months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Comprehensive tools|Regular platform improvements|Wide product range
Cons: Research section could be deeper
I am in a dispute with BITBinvest (bitbinvest.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Dividend tracking|Clear documentation|Detailed reporting
Cons: Email notifications too frequent
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. BITBinvest (bitbinvest.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Competitive fees|Clear documentation|Customizable dashboard
Cons: Withdrawal takes 1-2 business days
BITBinvest (bitbinvest.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Fast deposits|Easy to use platform
Cons: Website design could be more modern|No integrated tax optimization
I requested my data from BITBinvest (bitbinvest.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Wide product range|Automated trading options|Responsive team|Economic calendar
Cons: Some tools only available on higher tiers|No crypto staking
KYC with BITBinvest (bitbinvest.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: High security standards|Good analytical tools|Helpful community forum
Cons: Nothing significant
The spread at BITBinvest (bitbinvest.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a trusted YouTuber reviewed them and initially thought the platform was good - until I started trading seriously.
Pros: Excellent charting|Comprehensive tools|Real-time alerts|Responsive team
Cons: Onboarding videos are outdated
Do not use BITBinvest (bitbinvest.com) for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Fast execution|Good analytical tools|Dedicated account manager|Competitive fees
Cons: Research section could be deeper
Do not believe the bonus offer from BITBinvest (bitbinvest.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Dividend tracking|Wide product range|Social trading features
Cons: Nothing significant|Slow to add new assets