Thinking of getting into business with 1Bitcoin Group? Here is what you must know about this broker. Carefully read this review to find out if 1bitcoingroup.com is the trading platform you will want to trade with.
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About 1Bitcoin Group Broker
1Bitcoin Group is an offshore brokerage company with a lot of promises for traders. The broker’s address shows it is from Bulgaria.
Also, the broker claims to offer 24/7 traders support, daily market signals, personal broker, daily market review, and in-depth research.
There are different account types 1Bitcoin Group offers. See below.
In spite the trading instruments 1Bitcoin Group claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
1bitcoingroup.com: Reasons to Avoid This Broker
Firstly, 1bitcoingroup.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because in Seychelles there are not many trader protection measures undertaken.
Secondly, we noticed 1bitcoingroup.com has no demo account for traders. Since traders can’t test 1Bitcoin Group on a free account, we can’t know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk.
These are cons for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, 1Bitcoin Group provides no information on that.
Minimum Deposit
1Bitcoin Group minimum deposit is said to be $250.
As for the payment methods, we can make payment via Credit/ Debit card, Bank Wire Transfer, QIWI, Webmoney, Bitcoin. However, you should not consider making any payment with this broker because it is a risk. So beware!
1Bitcoin Group Platform
1Bitcoin Group offers web based trading software and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take the broker serious.
As for the leverage, it can get up to 1: 400. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
1Bitcoin Group Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated claims are truly a red flag and must be avoided.
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Conclusion: Is 1bitcoingroup.com a Reliable Broker?
1bitcoingroup.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
More so, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.