BitProfit (bitproltd.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 75 Barker Street Ave Redmond WA 6505 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: bitproltd.com.
Where do I even begin with BitProfit (bitproltd.com)? since early this year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Competitive fees|Comprehensive tools|Multi-device support
Cons: Onboarding videos are outdated|No dark mode on mobile
I have been trying to close my account with BitProfit (bitproltd.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Smooth onboarding|Portfolio tracking tools
Cons: Research section could be deeper
I trusted BitProfit (bitproltd.com) 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: Fast execution|Smooth onboarding
Cons: Wish they had more educational resources
The only good thing about BitProfit (bitproltd.com) is that they remind you why regulation matters. I found them after doing extensive research. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Wide product range|Easy to use platform|Good analytical tools|No hidden fees
Cons: Charting tools need more indicators
After spending for the past year and a half trying to make BitProfit (bitproltd.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Automated trading options|Wide product range|Excellent charting
Cons: No fractional shares|Limited ETF selection
I wanted to transfer my portfolio from another broker to BitProfit (bitproltd.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Smooth onboarding|Transparent fees
Cons: No fractional shares
BitProfit (bitproltd.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Portfolio tracking tools|Full transparency|Quick verification
Cons: Account statements could be more detailed
Do not believe the bonus offer from BitProfit (bitproltd.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after seeing their ad online and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Dividend tracking|Automated trading options|Comprehensive tools
Cons: Account statements could be more detailed
I gave BitProfit (bitproltd.com) a fair chance. After for a few weeks now 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: Clear documentation|Instant funding|Competitive fees
Cons: Website design could be more modern|Withdrawal takes 1-2 business days
If you are reading this considering BitProfit (bitproltd.com) - run. I wish I had read more negative reviews after a family member had a good experience. I thought the positive ones were real. Maybe some are. My experience over for about three months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Two-factor authentication|Responsive team
Cons: Spreads widen during volatile periods