BullBitTrade (zefax.pro) 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: zefax.pro.
After since I opened my account last year with BullBitTrade (zefax.pro), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Social trading features|Quick verification|Clean UI
Cons: Nothing significant
The reporting at BullBitTrade (zefax.pro) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Multi-currency support|Wide product range|Clear documentation
Cons: No integrated tax optimization
I referred a friend to BullBitTrade (zefax.pro) from a review site like this one. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Demo account available|Intuitive for beginners
Cons: None so far|Desktop app not available on Linux
The so-called education at BullBitTrade (zefax.pro) 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 close to eighteen months thinking they would help me learn.
Pros: High security standards|Regular updates|Fast execution
Cons: Live chat only during business hours|Wish they had more educational resources
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. BullBitTrade (zefax.pro) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Dedicated account manager|Customizable dashboard
Cons: Limited demo account features|Cannot customize dashboard fully
After using BullBitTrade (zefax.pro) for close to eighteen months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Clean UI|Dedicated account manager
Cons: Limited cryptocurrency options|No live chat on mobile
Do not believe the bonus offer from BullBitTrade (zefax.pro). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after attending a webinar they hosted and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Multiple order types|Low minimum deposit|Clean UI
Cons: Research section could be deeper|Limited ETF selection