Bitflare (bitflare.co.uk) 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: bitflare.co.uk.
I am in a dispute with Bitflare (bitflare.co.uk) 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: Multiple order types|Smooth onboarding|Dedicated account manager|Social trading features
Cons: Limited social trading features
I joined Bitflare (bitflare.co.uk) through my accountant's suggestion and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Professional team|Instant funding|Dividend tracking
Cons: Currency conversion fee exists|Search feature is basic
I gave Bitflare (bitflare.co.uk) a fair chance. After for the past year and a half of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Professional team|Clean UI|Regular platform improvements
Cons: Desktop app not available on Linux|Wait times can be long during peak hours
I trusted Bitflare (bitflare.co.uk) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Personal attention|Fast support response|Stable platform
Cons: Withdrawal takes 1-2 business days|Minimum deposit could be lower
KYC with Bitflare (bitflare.co.uk) 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: API access|Great customer service|Excellent charting
Cons: Slow to add new assets|Wish they had more educational resources
I had high hopes for Bitflare (bitflare.co.uk) through a forum discussion, 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: Customizable dashboard|Professional team|Fast support response|Good mobile app
Cons: Minimum deposit could be lower
My withdrawal request from Bitflare (bitflare.co.uk) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: No hidden fees|Segregated accounts|Easy withdrawals
Cons: Withdrawal takes 1-2 business days