Biteq (biteq.io) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: biteq.io.
The spread at Biteq (biteq.io) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after reading several online reviews and initially thought the platform was good - until I started trading seriously.
Pros: Customizable dashboard|Detailed reporting
Cons: Withdrawal takes 1-2 business days
Opened my account with Biteq (biteq.io) based on a colleague's recommendation and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Stable platform|Economic calendar
Cons: Limited demo account features|Minimum deposit could be lower
After for a couple of months now with Biteq (biteq.io) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Social trading features|Customizable dashboard
Cons: No phone support on weekends|Currency conversion fee exists
Do not use Biteq (biteq.io) for anything serious. I used them for about eight months 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: Multi-device support|Professional team|Portfolio tracking tools|Easy withdrawals
Cons: Cannot customize dashboard fully
I opened an account with Biteq (biteq.io) for about eight months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Easy withdrawals|Real-time alerts
Cons: Wait times can be long during peak hours|Inactivity fee applies after 12 months
I closed a profitable position at Biteq (biteq.io) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Tax reports included|Clear documentation|Two-factor authentication|Good analytical tools
Cons: Limited cryptocurrency options|Onboarding videos are outdated
My card was charged twice by Biteq (biteq.io) on the same day. I had to dispute it with my bank. Biteq (biteq.io) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Helpful community forum|Reliable uptime|Wide product range|Stable platform
Cons: Wait times can be long during peak hours
The so-called education at Biteq (biteq.io) 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 about ten months thinking they would help me learn.
Pros: Regular updates|Real-time alerts|Good mobile app
Cons: Wait times can be long during peak hours|None so far