If you are looking for a broker that can offer you the power, speed and flexibility you demand, Trade The Bit is the right option for you. This Forex broker offers an innovative trading platform and analytical tools that will help you feel more confident while trading.
As usual, we will start with account types to see what trading conditions this broker offers. We like to start here because if a broker doesn’t provide good conditions for trading, it will all be in vain, even if the other parts of the service are impeccable.
Trade The Bit provides five account types and all of them have different deposit requirements. We will start from the Basic one and you can already tell by the name that here, you won’t be able to expect much. You will have all trading assets at disposal, market review and leverage up to 1:100, but that’s all. The minimum deposit requirement here is 250 EUR and if you do not have experience in Forex, this could be an excellent option.
If this option doesn’t satisfy your needs, there is a Silver account with a deposit requirement of 10,000 EUR. It’s more than clear that you will get better conditions here, starting with a dedicated senior account manager, bonus funds, Gold spreads, leverage up to 1:200, trade room analysis tier 3, financial planning, risk management planning, special venture promotions, monthly webinars and prioritized withdrawal level three.
The next option is a Gold account and for this one, you have to deposit 25,000 EUR. Here, you will have platinum spreads, leverage up to 1:300, trading signals, tier 2 trade room analysis, weekly webinars, private analyst sessions and prioritized withdrawal level two. This account is very interesting, but to be honest, Platinum one is our personal favourite. To become a Platinum member, you will have to deposit at least 100,000 EUR. In return, you will have complete access to webinars and lucrative VIP events, level one prioritized withdrawal process, access to trade room analysis, leverage up to 1:400 and VIP spreads.
In the beginning, we said there are five accounts. Well, there is one more and we are talking about invitation-only VIP accounts. For this one, you need to have an account at Trade The Bit. After that, you can reach out to your account manager and ask for an upgrade. With VIP you will be able to enjoy custom-tailored service, where everything is subordinated to you.
This Trade The Bit review started great and we can say that the account offer satisfied our expectations completely. The selection is good, deposit requirements are different and without any doubt, each person will find something suitable for their budget and trading appetite.
Trade The Bit offers two different types of education. One is completely free, created for every website visitor. We are talking about multiple eBooks that cover topics such as Basic Technical Analysis, Beginners Strategies, Capital Management, etc. So, even if you do not have an account here, you can still access this part and read everything. If you are just a visitor, we advise you to take this advantage and improve your knowledge a bit more.
For those people who decide to become Trade The Bit members, this broker provides much better education that includes webinars and personalised coaching. Depending on an account, you will have either monthly or daily webinars and let us tell you something. They are really impressive. We saw them all and we are more than certain that with Trade The Bit, you will be able to improve your knowledge a lot.
Unlike many other brokers, Trade The Bit won’t offer MT4 as a trading platform. Instead, you will have a custom-made solution that doesn’t require downloads. This is the platform that you will use on the browser and it works on every device (mobile, computer, tablet). The only thing you need is an Internet connection.
The design is simple and easy to navigate. It doesn’t require previous knowledge and even if this is your first time trading on a platform like this, you will be able to find everything. Basically, there are three parts that will be equally important to you. The one on the left has all you need for account management. So, if you want to deposit, withdraw funds, etc. you don’t have to leave the page. In the middle, you will have a list of more than 200 assets that are divided into classes. You can choose the asset class that you prefer (Forex, Crypto, Stocks, Commodities or Indices) and after that simply select the desired asset. Once you do that, a chart will appear. This chart will show everything that you need, from the sell rate to current price indicators.
It’s fully customisable, you can edit every detail and arrange it to fit your taste. For us, this was a real refreshment and we are more than satisfied with the fact that Trade The Bit did not provide the usual solution such as Meta Trader.
In this review, we saw that Trade The Bit is capable of offering excellent service. So, we expect nothing less from customer support, to be honest. There are four different methods to contact them. One is to call a phone number, another one is to use an online form and you can send a message on Live Chat or email. The amount of provided methods is more than enough for our standards, so let’s see if the answer will be prompt.
We sent a message using the online form. We know that Live Chat answers are always fast, so we wanted to see if we can count on that using any other method. First, we added our personal data and a message and after that, we chose a department. What we liked the most is the fact that you can select the desired department and a message will go directly to them. This makes the whole process much faster and we received an answer the same day. So, Trade The Bit apparently provides responsive support as well.
To deposit money, you can use Credit Card, Bank Wire or Bitcoin Transfers. You won’t have to pay any fees for the deposit and as soon as you add money to your account, it will be there and you can start trading. So, everything is instant.
Of course, withdrawals do take some time and it’s from seven to ten business days. There are a lot of security steps here and Identity Verification is one of them, so you will have to prepare all those documents before you request a withdrawal. Also, each account has different withdrawal prioritization, so keep that in mind while choosing the account that is suitable for you.
When it comes to withdrawal fees, they are not high at all. For withdrawals, you will have to pay 1% (the minimum of 30 USD/GBP/EUR and the maximum of 300 USD/GBP/EUR) and that’s it.
Trade The Bit really proved to us that it knows how to provide excellent service. Trading conditions, education, responsive support. You can count on all those things and even more, so if you are having second thoughts, our advice is to open an account at Trade The Bit.