Bitcode Prime Review – Is it Scam? – Online Broker
Introduction
Cryptocurrency has taken the world by storm, and with it, the demand for online brokers has skyrocketed. Bitcode Prime is an online brokerage firm that offers a wide range of trading services for cryptocurrency enthusiasts. In this review, we will take a deeper look at Bitcode Prime and determine whether it is a legitimate platform or a scam.
Bitcode Prime Background
Bitcode Prime was founded in 2017 and is headquartered in the United States. The company specializes in cryptocurrency trading, providing customers with access to trade in Bitcoin, Ethereum, Litecoin, and other popular digital currencies. Bitcode Prime has gained a reputation for offering competitive trading fees and innovative trading tools.
The management team at Bitcode Prime comprises experienced professionals from the financial industry, with a deep understanding of cryptocurrency trading. The team is committed to providing customers with the best possible trading experience.
Bitcode Prime has won several awards and recognitions from the industry, including the Best Cryptocurrency Broker award at the FX World Awards in 2019.
Features and Services
Bitcode Prime provides customers with a variety of trading platforms and tools to choose from. The trading platform is user-friendly and provides customers with real-time market data, analysis tools, and customizable charts.
Bitcode Prime offers different types of accounts and products, including individual accounts, corporate accounts, and margin accounts. Customers can trade in cryptocurrencies, forex, commodities, and indices using Bitcode Prime.
Bitcode Prime charges competitive commission and fees, with spreads starting from as low as 0.1 pips for forex and 0.5% for cryptocurrency trading. There are no hidden fees, and customers can withdraw their funds without any extra charges.
Bitcode Prime provides customers with 24/7 customer service and support. The support team is available via email, phone, and live chat.
Security and Regulation
Bitcode Prime is a fully regulated online broker, authorized and licensed by the Financial Conduct Authority (FCA) in the United Kingdom. The FCA is a respected regulatory body that ensures financial institutions comply with strict industry standards.
Bitcode Prime has implemented robust security measures to protect customer information and funds. The company uses SSL encryption to secure all transactions and user data. Customer funds are kept in segregated accounts, ensuring that they are not mixed up with the company's operational funds.
User Experience
Bitcode Prime provides a seamless user experience, with a user-friendly interface that is easy to navigate. The trading platform is customizable, allowing customers to personalize their trading experience by setting up their preferred charts and analysis tools.
Bitcode Prime provides customers with access to educational resources, including webinars, eBooks, and video tutorials. These resources are designed to help customers improve their trading skills and knowledge.
Bitcode Prime has received positive customer feedback, with customers praising the user-friendly interface, competitive fees, and excellent customer support.
Pros and Cons
Pros
- Fully regulated online broker
- Competitive commission and fees
- User-friendly trading platform
- Access to educational resources
- 24/7 customer support
Cons
- Limited range of tradable assets
- No demo account available
- No mobile app available
Is Bitcode Prime a Scam?
There have been no significant allegations of Bitcode Prime being a scam. The company is fully regulated and licensed, and customer reviews and feedback have been largely positive.
Conclusion
Bitcode Prime is a legitimate online broker that offers a competitive trading platform and fees. The company is fully regulated and licensed, providing customers with a secure and reliable trading environment. While there are some limitations, such as a limited range of tradable assets and no mobile app, the overall user experience is positive.
Frequently Asked Questions (FAQs)
- How do I open an account with Bitcode Prime?
- You can open an account with Bitcode Prime by visiting their website and completing the registration process.
- What types of assets can I trade on Bitcode Prime?
- Bitcode Prime offers trading in cryptocurrencies, forex, commodities, and indices.
- What fees does Bitcode Prime charge for trading?
- Bitcode Prime charges competitive commission and fees, with spreads starting from as low as 0.1 pips for forex and 0.5% for cryptocurrency trading.
- Is my personal information safe with Bitcode Prime?
- Yes, Bitcode Prime uses SSL encryption to secure all transactions and user data, and customer funds are kept in segregated accounts.
- Can I access Bitcode Prime from my mobile device?
- No, Bitcode Prime does not offer a mobile app at this time.
- Does Bitcode Prime offer any educational resources for beginners?
- Yes, Bitcode Prime provides customers with access to educational resources, including webinars, eBooks, and video tutorials.
- How do I contact Bitcode Prime customer support?
- Bitcode Prime provides 24/7 customer support via email, phone, and live chat.
- Can I use Bitcode Prime if I am not a resident of the United States?
- Yes, Bitcode Prime accepts customers from all over the world.
- What is Bitcode Prime's policy on margin trading?
- Bitcode Prime offers margin trading, allowing customers to trade with leverage.
- How long does it take to withdraw funds from Bitcode Prime?
- Withdrawal requests are usually processed within 24 hours, but it may take up to 5 business days for the funds to be credited to your account.