BitCapitals Review 2023

It appeared as though the BitCapitals website ( was merely an introduction to the BitCapitals app when I first visited it. However, after conducting further research into it, I found that it actually functions as a full-fledged website.

Despite the broker’s assertions that they have an app, the broker does not in fact have one. It is very weird and suspicious at the same time. BitCapitals’ website has an extremely unremarkable user interface, and there is nothing special about the design of the site.

In my review of BitCapitals, I’ll go into a lot more detail about these topics. So, let’s plunge in.

BitCapitals’ Regulatory Framework and License

When determining the trustworthiness of a forex broker, the location of the company’s headquarters is the first item I investigate. Additionally, BitCapitals has its headquarters in the offshore jurisdiction of the Commonwealth of Dominica.

Since the Commonwealth of Dominica lacks financial authority, BitCapitals can be considered an unregulated and unregistered broker.

Be wary of unlicensed and unregulated brokers. These brokers don’t follow the stringent rules and regulations of popular authorities such as the FCA or CySEC. Such brokers can use shady techniques to steal your funds or data and get away scot-free because of their unregulated nature. 

The authorities in charge of regulation maintain a careful eye on licensed brokers to ensure that they do not conduct themselves in a way that is detrimental to their clients. In the event that a broker does operate in a manner that is detrimental to their client’s interests, those clients have the ability to seek insurance reimbursement from their appropriate authorities.

For instance, CySEC will pay out twenty thousand euros in the event that the broker declares bankruptcy. A broker is required to demonstrate to regulators that they maintain their own running money distinct from the trading funds of their customers.

Trading with unregulated brokers comes with a high level of risk because these brokers do not offer the same benefits as registered brokers. Trading with unregulated brokers is something you should try to avoid at all costs if you want to keep your money and data safe from criminals.

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BitCapitals Trading Conditions

Checking the trading conditions of a broker can help you a lot in understanding its reliability. I always recommend checking the trading conditions of the broker before signing up with them. It ensures that you don’t sign up with the wrong broker. Let’s see if BitCapitals’ trading conditions are okay or not.

Marketplace for Traders
MetaTrader is universally regarded as the superior option among trading platforms. Because of the extensive number of advantages that they provide, MetaTrader 4 and 5 are currently among the most widely used trading platforms in the foreign exchange market. In order to assist you in making more informed decisions regarding your trading, MT4 gives you access to real-time as well as historical data, interactive charts, and online quotations. On any of the other trading platforms, you won’t find such convenient features.

By including MT4 on their website, the people behind BitCapitals have demonstrated that they have a solid understanding of the importance of having a reliable trading platform. However, many dishonest brokers promote their illicit businesses by capitalizing on MT4 and MT5’s strong reputations in the industry.

It appears to me that BitCapitals is one of those organizations because it does not hold a license to operate as a forex broker. This leads me to believe that it is one of the companies in question.

Minimum Deposit

This broker requires a minimum deposit of $250, which is a pretty sizeable amount of money to put down initially. To give you a sense of how costly it is, the average in this sector is $100, but some brokers will go as low as $10!

You should not put your faith in brokers who ask for a large initial deposit from their customers. In most cases, this is a sign that the broker is a dishonest individual. Because the majority of authorized brokers keep their minimum deposit limit set fairly low in order to cater to a more diverse clientele and attract more business.

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Untrustworthy brokers set the minimum deposit limit at a high amount so that they can immediately steal a substantial number of money from their customers.

Use of Leverage in Spread Betting

BitCapitals makes available a wide variety of account kinds, each of which has its own unique leverage ratio. However, the lowest leverage that they provide is 1:100, and if you have a more substantial account, it is even possible for it to go up to 1:400. This is much too high and significantly increases the risks you face.

Brokers who offer leverage ratios as high as the one offered by BitCapitals are almost always perpetrators of fraudulent activity. The Financial Conduct Authority (FCA), which is the UK’s financial regulator, stipulates that its brokers may not provide customers with a leverage of more than 1:30.

They have implemented this restriction to ensure that their customers do not lose their money as a result of using an excessively high level of leverage. A leverage ratio that is extremely high can result in catastrophic financial losses.

Shady forex brokers keep their leverage ratios high so they can trap their clients in large piles of debt. 

Their spreads weren’t any attractive either. The lowest account (Bronze) gives you 2.8 pips, which is a lot higher than the industry standard of 1 pip. Their spreads just give me more reasons to suggest avoiding this broker. 


This account requires you to invest $250 minimum and offers 1:100 leverage. You get a personal account manager and trading news along with the usual advantages. 


This account requires a minimum investment of $2000 and offers 1:200 leverage. You get the same benefits as the Bronze account but also get access to expert advisors. 

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The minimum deposit requirement for this account is $10,000 and the offered leverage is 1:300. The rest of the benefits are the same as the previous accounts. 


This account requires a minimum investment of $50,000 and offers 1:400 leverage. The rest of the benefits are the same as the Gold account.

You can see that all of these accounts are made to seem very attractive to new traders. They are quite dangerous and their offered leverages are a great indication of that fact. 

Transaction Methods and Fees for BitCapital Payment Methods and Fees for BitCapital
Bitcoin, debit cards, and credit cards are all acceptable forms of payment that can be made using this broker. It is very disappointing that they have not offered their customers a wide variety of payment choices to choose from. But there’s more to it than that.

You are able to fund your BitCapitals trading account with money even if you haven’t submitted your KYC paperwork, but you won’t be able to take money out of the account until you do.


BitCapitals is not very forthcoming with information on its fees. They have concealed all of this information behind a “verification wall” that they have constructed.

When a broker does not disclose their fees, it allows them the ability to charge you hidden costs (made-up charges) and steal your funds. When a broker does not specify their fees, it provides them the option to charge you hidden fees. Trading with BitCapitals is not something I recommend for a number of reasons, and this is one of them.

Is BitCapitals a Scam? Yes!

It should come as no surprise that BitCapitals is a fraud at this point. Con artists come in a wide variety in the foreign exchange market. Scammers in this industry typically concentrate their efforts on convincing novice traders and newcomers to the market to join their platforms by making false claims and offering bonuses. They coerce the user into signing up on their platform and agreeing to the terms and conditions, which are often misleading. People typically ignore the terms and conditions in the fine print when joining up with such brokers since they are hidden in the small print.

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Then, in order to remove the monies that have been deposited into the trading accounts of their customers, they will either invent justifications or employ hidden fees. By requiring a sizable initial investment from each customer, the company guarantees that it will obtain a sizeable sum with which to commit fraud.

Before signing up on the website of any new broker, it is important to conduct in-depth research on that broker to ensure that you are not falling victim to a scam. You need to do some research online to verify the broker’s regulation status, license, address, and reputation. Some brokers go so far as to spend money on fabricated reviews in order to cultivate the appearance of an impeccable online reputation.

The Final Thoughts Regarding BitCapitals

BitCapitals is an unregulated broker operating out of a location that is considered to be offshore. Swindlers and con artists dealing in foreign exchange have found a safe harbor in offshore locations. Because of this, I do not recommend collaborating with brokers who are based in certain areas.

Aside from these factors, BitCapitals has a horrible KYC process that allows its data to be hidden and high minimum deposit requirements. Working with this broker is not something I would suggest. Avoid it at all costs!

Be sure to let others know what you think about this BitCapitals review. It is to everyone’s advantage if they are aware of this fraud.

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