General Information
Registered in Hungary, BITMART EXPO is an offshore company that claims to be licensed and legitimate, but is none of that in reality. BITMART EXPO claims that it provides a series of forex and CFD trading services, with the maximum trading leverage up to 1:100, and $250 is required to get started with this broker.
BITMART EXPO is not oversighted by any regulator, and thats why WikiFX has given it a very low score of 1.08/10. Please be aware of the risk, for trading with an unregulated broker is a surefire way to lose your money.
Minimum Deposit
The minimum deposit to get started with this broker is said to be $250, not a large amount, though. Investors should take extra vigilance, for few genuine brokers would ask for so much initial deposit, basically around $100.
Spreads & Commissions
Although BITMART EXPO hypes that it provides spreads below 1 pips, this is doubtful.
Unregulated brokers promises cannot be necessarily trusted, for all they want to do is lure more investors with seeming attractive spreads.
Leverage
When it comes to leverage, provides its customers with access to 1:100, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Trading Platform
What BITMART EXPO provides is not the MT4 OR MT5 trading platform, a simple webtrader instead. Popular features like automated trading, that can be found in software like industry leading MT4 or MT5, are nowhere to be seen.
Payment Methods
BITMART EXPO only supported traders to make deposits and withdrawals through various crypto assets. This is a worrying sign, for the lack of chargeback with these methods to make it difficult for their clients to get their money back.
Customer Support
If you have any inquiries or trading-related issues, the following contact information for your usage:
Telephone: +36 17011808
Email: support@bitmartexpo.com
Company Address: Budapest, Soroksári út 34, 1095 Hungary
Skanstes iela 7, K-1, Vidzemes priekšpilsēta, Rīga, LV-1013, Latvia
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Frequently Asked Questions
What trading instruments can I trade with on BITMART EXPO？
BITMART EXPO provides access to forex-related trading instruments.
What is the minimum deposit required by BITMART EXPO？
The minimum deposit to start trading with BITMART EXPO is $250.
What is the maximum leverage available？
The maximum trading leverage that is available on the Bitmart Expo platform is up to 1:100.
