BitexField has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After seeing ads for BitexField online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
Do not use BitexField for anything serious. I used them for about ten 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: Educational resources|Portfolio tracking tools|Professional team|Transparent fees
Cons: No dark mode on mobile|Charting tools need more indicators
KYC with BitexField 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: Quick verification|Low minimum deposit
Cons: No crypto staking|No fractional shares
The hidden fees at BitexField are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Quick verification|Social trading features|Educational resources
Cons: Limited demo account features
I was contacted by BitexField through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
BitexField advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Risk management tools|Social trading features
Cons: Search feature is basic
Do not believe the bonus offer from BitexField. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after reading several online reviews and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Fast execution|Market news feed|Customizable dashboard
Cons: Website design could be more modern|None so far
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. BitexField recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Good mobile app|High security standards
Cons: Spreads widen during volatile periods|Onboarding videos are outdated
I had high hopes for BitexField from a review site like this one, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Professional team|Quick verification|Full transparency|Multiple order types
Cons: Limited social trading features
I found BitexField after a friend recommended them and the initial impression was positive. But since mid-2025 later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Risk management tools|Fast deposits
Cons: Research section could be deeper