Bitcode Prime Review – Is it Scam?

Introduction

Bitcode Prime is a cryptocurrency trading broker that offers its clients access to the global financial markets. The company was established to provide traders with a simple and reliable way to trade cryptocurrencies and other financial instruments online. In this article, we will review the services offered by Bitcode Prime and determine whether it is a legitimate broker or a scam.

Background

Bitcode Prime was founded in 2017 and is headquartered in the Republic of Seychelles. The company is registered as Bitcode Prime Ltd and is licensed by the Seychelles Financial Services Authority (FSA) under license number SD020. Bitcode Prime is also registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

Bitcode Prime Services

Bitcode Prime offers its clients access to a wide range of trading instruments, including cryptocurrencies, forex, and commodities. The broker provides its clients with several account types, including Standard, Silver, Gold, and Platinum accounts. Each account type comes with different features and benefits, including leverage, spreads, and trading tools.

Bitcode Prime offers leverage of up to 1:500, which allows traders to increase their exposure to the markets and potentially increase their profits. The broker also provides its clients with access to the popular MetaTrader 4 (MT4) trading platform, which offers advanced charting and analysis tools.

Bitcode Prime Reputation

Bitcode Prime has received several accreditations and awards for its services. The broker has been recognized by the Global Brands Magazine as the Best Cryptocurrency Trading Platform of 2020. Bitcode Prime has also received positive reviews and ratings from its clients on various online review platforms.

In comparison with other brokers, Bitcode Prime offers competitive trading conditions and a wide range of trading instruments. The broker has also implemented several security measures to protect its clients' funds and personal information.

Bitcode Prime Security

Bitcode Prime has implemented several security measures to protect its clients' funds and personal information. The broker uses SSL encryption to secure its website and trading platform. Bitcode Prime also keeps its clients' funds in segregated accounts to ensure that they are not used for any other purpose.

In addition, Bitcode Prime has implemented a 2-factor authentication process to ensure that only authorized individuals can access its clients' accounts. The broker also monitors its systems for any suspicious activity and takes swift action to prevent any fraud or scam attempts.

Bitcode Prime Customer Support

Bitcode Prime provides its clients with 24/7 customer support via live chat, email, and phone. The broker also offers support in several languages, including English, Spanish, German, and French. The response time for customer support inquiries is generally fast, and the support team is knowledgeable and helpful.

Bitcode Prime Fees and Charges

Bitcode Prime charges its clients various fees, including spreads, commissions, and overnight fees. The broker does not charge any fees for deposits or withdrawals, but clients may be subject to fees from their payment providers.

In addition, Bitcode Prime charges an inactivity fee of $50 per month for accounts that have been inactive for more than 90 days. The broker also charges an account maintenance fee of $10 per month for accounts with a balance of less than $1000.

Bitcode Prime Trading Strategies and Education

Bitcode Prime provides its clients with a range of educational materials, including video tutorials, trading guides, and webinars. The broker also offers advanced trading tools and analysis, including expert advisors and trading signals.

In addition, Bitcode Prime provides trading strategies for both beginners and advanced traders. The broker's educational materials cover a range of topics, including technical analysis, fundamental analysis, and risk management.

Bitcode Prime Pros and Cons

Pros:

  • Competitive trading conditions
  • Wide range of trading instruments
  • Advanced trading platform
  • Regulated by the Seychelles FSA
  • 24/7 customer support

Cons:

  • Inactivity and account maintenance fees
  • Limited educational materials for advanced traders
  • No mobile trading platform

Conclusion

In conclusion, Bitcode Prime is a legitimate cryptocurrency trading broker that offers competitive trading conditions, a wide range of trading instruments, and advanced trading tools. The broker is regulated by the Seychelles FSA and has implemented several security measures to protect its clients' funds and personal information. While Bitcode Prime does charge inactivity and account maintenance fees, it provides its clients with 24/7 customer support and a range of educational materials.

Frequently Asked Questions

  1. What is Bitcode Prime?
    Bitcode Prime is a cryptocurrency trading broker that offers its clients access to the global financial markets.

  2. Is Bitcode Prime a legitimate broker?
    Yes, Bitcode Prime is a legitimate broker that is registered and licensed by the Seychelles Financial Services Authority (FSA).

  3. What trading instruments are available at Bitcode Prime?

Bitcode Prime offers its clients access to a wide range of trading instruments, including cryptocurrencies, forex, and commodities.

  1. How can I contact Bitcode Prime customer support?
    Bitcode Prime provides its clients with 24/7 customer support via live chat, email, and phone.

  2. What fees does Bitcode Prime charge?
    Bitcode Prime charges its clients various fees, including spreads, commissions, and overnight fees. The broker does not charge any fees for deposits or withdrawals, but clients may be subject to fees from their payment providers.

  3. Does Bitcode Prime offer educational materials for traders?

Yes, Bitcode Prime provides its clients with a range of educational materials, including video tutorials, trading guides, and webinars.

  1. How secure is Bitcode Prime?
    Bitcode Prime has implemented several security measures to protect its clients' funds and personal information, including SSL encryption, segregated accounts, and 2-factor authentication.

  2. Can I trade with Bitcode Prime using my mobile device?
    No, Bitcode Prime does not currently offer a mobile trading platform.

  3. Is Bitcode Prime regulated?

Yes, Bitcode Prime is regulated by the Seychelles Financial Services Authority (FSA).

  1. How does Bitcode Prime compare with other brokers in the market?
    In comparison with other brokers, Bitcode Prime offers competitive trading conditions, a wide range of trading instruments, and advanced trading tools. The broker also provides its clients with 24/7 customer support and a range of educational materials.
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