Forex trading is rapidly approaching an era of increased government regulation, but this process has not yet progressed to the point where you can trust every forex business that comes your way. It’s a lot better than it was when we first started, but the need for traders to remain attentive hasn’t gone away totally. This is why, as a young trader, you are still expected to keep an eye on things and make careful well-researched judgments. I’ve been in this business for around ten years and feel that I’ve seen both fraudulent and trustworthy forex organizations flourish.
We’ve encountered a lot of people who have been taken advantage of by these companies, and I’m one of them. Because they have mastered the skill of deceiving inexperienced traders, I understand how difficult it is to recognize imposters. They present their businesses’ characteristics and specifications in such a way that you feel this is going to be one of the finest decisions you’ve ever made.
All flaws are nicely hidden underneath the covers of dazzling new technology that more than half of the traders don’t require. But this is something we don’t realize at first. I don’t think it’s fantastic that new traders often overlook the need for a safe working environment and make sacrifices because of it. How can sophisticated features be useful if you can lose your money at any moment and from anywhere?
Not just with forex organizations, but with each decision you make in your life, you make certain that you never overlook the most important factors. Because newcomers are easily distracted, these companies take advantage of this and continue to rob one trader after another.
As I said before, I have been a victim of these bogus businesses, and this has given me an advantage. Now I can quickly compare forex businesses and discover where they fail and where they flourish. I believe it was because of this capacity that I was able to quickly assess Bitteks and make the right decision.
A colleague who has been trading forex for a long recommended Bitteks to me. He stated that his father was a user who was pleased with the services provided. I checked into the firm based on his advice, and after seeing the website, I had a good feeling about it.
Pros and Cons
| Pros | Cons |
| A simple platform with a variety of market data and support to help you get to know the platform. | Live chat option is only accessible Monday through Friday from 4:00 p.m. to 1:00 p.m. GMT |
| Deposits and withdrawals are possible in both crypto and fiat currency. | Only three forms of transactions allowed are MasterCard, Maestro, and bank wire transfers. PayPal or iDEAL is not an option. |
| Customers’ funds are protected by a variety of security methods, with a strong emphasis on confidentiality. | There is just one dialect available for use on the website |
| Customers of Bitteks can benefit from the added security provided by KYC scanning. |
Administration
I feel that the flawless administration of a platform or a business is a key aspect for its success. Administration infiltrates and unites the rest of the departments, driving the entire organization to rapid growth.
Furthermore, a brokerage platform’s financial tools and legal framework are important areas that require the greatest attention. Bitteks is a global champion in both of these aspects of internet trading. Apart from these two features, I feel customer service is what sets Bitteks apart from the competitors.
Customer Support
When I first went to the website, I noticed a button that said, “Contact Us,” which led to further information on customer support. Fill out a 2-minute form and email it along with any needed files. So, yeah, it is that simple. It would be unjust to suggest that this means of communication is unreliable, but I haven’t used it much, so I won’t say much more.
Remember that the live chat option is only accessible Monday through Friday from 4:00 p.m. to 1:00 p.m. GMT, and I would have liked it to be open 24 hours a day, five days a week. Phone Call is another dependable service that ensures that no clients are forced to wait in line for urgent solutions.
However, I had some delays in contacting the agent, which was mostly due to heavy traffic during peak hours. Consumers in Australia and the United Kingdom may also use the phone option, therefore these are two areas where the platform may improve.
Its feedback questionnaires are an admirable initiative. Every time I wished to interact with the correspondent, for example, I was required to fill out a service form. As a consequence, the organization responds quickly to any concerns.
Trading Platform
Now I’d like to focus on the platform’s principal function, which is to support you as a trader. Bitteks’ trading tools allowed me to monitor and assess my progress as a trader in real-time. The style of the tools has been kept simple, making online browsing reasonably user-friendly and uncomplicated. The server was designed and managed in such a way that orders and instructions are carried out instantly. This, along with an ultra-tight spread, provided me a competitive edge in the market. The superb analytical tools also assisted me in forming a clear picture of what is happening in the industry and how I should move.
Another admirable aspect is that the platform takes responsibility for promoting the products so that new users or young traders learn how to use them appropriately. The flexibility to choose from a large number of tools enhances your trading experience and saves you time, money, and hassles.
The platform’s only flaw was the absence of support for many dialects. There is just one dialect available for use on the website. Different dialects should be considered by the platform, in my opinion. This will allow them to serve clients from all over the world and in a variety of languages.
Outlook, Assets & Charts
The platform’s theme and color palette, which I considered boring and dry, is generally the first thing I notice when I open a website. It would have been wonderful if the platform had been designed in lighter colors so that it wasn’t too hard on the eyes. When I first started using the charts, I noticed that the dark background had an impact on my analysis. Charting analysis is especially difficult for someone like me who has never been a monochromatic person. I can’t rule out the potential that it might appeal to a significant number of people but enabling customers to select their theme would be a terrific concept.
The addition of a stock bar report is a terrific concept since it keeps you updated about premium stocks like Facebook, Tesla, and Amazon actively and efficiently. Bitteks also gives you access to 200+ tradable assets, Including Forex, Bitcoin, Commodities, Indices, and Stocks, when you sign up.
Although I didn’t have much influence over the look of the website, the charts may be customized quite a bit. For example, I had nine different chart interval options based on my preferences and ease of use, allowing me to maintain a close eye on market circumstances. Other analytical and trading tools are also available here. I thoroughly examined them and found them to be beneficial.
Security
Let me address another important concern now that I have a better understanding of Bitteks’ functional operations: stability. The legal difficulties have been properly outlined and handled within the ‘Legal’ section, as I previously said. This is further broken into subcategories to assist users in easily finding what they’re looking for, and they are as follows:
- Terms and Conditions
- Withdrawal, Refund, and cancellation policies
- Privacy Policy
- Bonus Policy
- Anti-Money laundering policy
- Risk disclosure statement
When I read their terms and conditions thoroughly, I observed how concerned Bitteks is about the protection of its clients. Although most of the policies are fairly thorough, they are nonetheless willing to answer my queries if I have any. This transparency demonstrates that Bitteks will go to any extent to safeguard the safety of my trading operations. Most competitive sites would not publish such pieces, I must point out.
Payment Methods
With the rapid growth of the trade environment, there is a growing need to incorporate a variety of payment options to assure customer convenience. This makes money withdrawals and deposits easy. The three forms of transactions allowed are MasterCard, Maestro, and bank wire transfers.
Many people love these methods, but other methods are becoming increasingly popular in recent years. Bitteks must thus ensure that they are making efforts to accommodate the demands of customers who use payment options like iDEAL, PayPal, and others. When it came to withdrawal speed, I had no issues, but if I wanted to boost it, even more, I may consider upgrading my account.
Finally, I’d like to mention that the forum focuses a major focus on consumer education and refreshes the ‘Education’ section regularly to keep consumers up to speed on the site. I learned more about Bitteks and got answers to my questions in the “frequently asked questions” section, all of which strengthened my relationship with the platform.
My Final Thoughts
I’ve done my best to bring out the flaws in the same way that I’ve highlighted the positive aspects in the hopes that by the end of this analysis, any trader will be able to assess whether or not the platform is suited for them. I’ve been a satisfied user for years, and I expect to continue to enjoy this platform in the future. Everything, from their equipment to their assets, customer service, and security, are well-managed.
Disclaimer: This review is written from my own experience and my self-knowledge only, and this is not a recommendation