Headquartered in Kingstown, Saint Vincent and the Grenadines, Bitfargo is an online financial services provider that allows clients to buy and sell over 200 trading instruments across different asset classes, including forex, commodities, indices, stocks, cryptocurrencies, and more. They provide traders with a proprietary trading platform that is available in desktop, web, and mobile versions. The minimum deposit required to start trading is $10,000.
Pros / Cons
- Proprietary trading platform
- Multiple trading instruments
- Educational resources
- No USA clients
- No MetaTrader platforms
- Minimum $10,000 deposit
In this detailed Bitfargo review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Claiming to be built on the core values of innovation, speed, and agility, Bitfargo is a Forex and CFD brokerage firm, providing traders with a user-friendly trading experience. The broker is led by a team of professionals with years of experience in the field. The broker provides their clients with various platforms for trading multiple financial products while providing educational resources, useful trading tools, and a client support team to assist traders. They provide clients with various favorable trading conditions, such as leverage of up to 1:200, multiple account options, flexible payment methods, reasonable spreads, and more.
Bitfargo is owned by Nexus LLC., a St. Vincent and the Grenadines company incorporated under company number: REG 1070 LLC 2021. However, there is no regulatory information on the broker’s website at the moment. The lack of strict regulation can discourage prospective traders from opening an account with the broker.
Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
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Bitfargo does not offer its services to residents of the United States and any person in any country or jurisdiction where such use would be contrary to local law or regulation.
Some Bitfargo features and products mentioned within this Bitfargo review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with the Bitfargo Trader; it is a user-friendly trading platform that is developed and owned by Bitfargo. The trading platform offers advanced trading capabilities with fast entry and execution, asynchronous order processing, a full range of advanced order types, and an abundance of information to support risk management and help investors make smarter trading choices.
More so, the Bitfargo Trader combines rapid market execution, competitive conditions and interbank liquidity to give users an enhanced trading experience. The trading platform is also fully customizable, allowing traders to easily configure the system according to their needs. Other essential features of the Bitfargo trading platform include enhanced graphic capabilities, advanced positions management system, chart analysis tools, multiple charts and analysis display, various order execution types, and more. It is available in desktop, web, and mobile versions.
Bitfargo Trading Tools
There are no standalone trading tools on the broker’s website at the moment. However, the Bitfargo trading platform has various built-in tools, including technical analysis and fundamental analysis tools to assist traders.
The broker provides traders with educational resources — trading guides, learning articles, and more — to help them make informed trading decisions.
Bitfargo offers over 200 financial instruments across different asset classes, such as forex, commodities, stocks, indices, cryptocurrency, and more.
Bitfargo Accounts & Fees
The broker provides traders with a choice of three live trading account options. The account types and their corresponding minimum deposit requirement is as follows: basic ($10,000), Gold ($50,000), and Platinum ($250,000) accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this Bitfargo review. It is imperative to ensure that you check and understand all of the latest information before you open a Bitfargo broker account for online trading.
The broker clients’ support team is always available to respond to clients’ general, general, and account-based inquiries. The support team can be reached via the following contact channels: telephone, email, Live Chat, and social media.
Bitfargo Deposit & Withdrawal
At Bitfargo, all account deposit and withdrawal requests are processed using any of the following payment methods:
- Bank transfer
- Credit/Debit cards
- Cryptocurrency: Bitcoin
Bitfargo Account Opening
To open a live opening with Bitfargo, click on the “Registration” button at the top right corner of the broker’s website, fill out the account application form, and submit.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions and policies. Only proceed if you fully understand and agree to them.
Operating from Kingstown, Saint Vincent and the Grenadines, Bitfargo is an online trading broker that allows traders to buy and sell various financial markets via their proprietary trading platform. Traders get access to learning materials and a dedicated client support team. There are multiple trading account options to choose from, with a minimum deposit of $10,000. But there is no regulatory information on the broker’s website at the moment.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.