Best Bitwallet Brokers 2025
Discover the best brokers with Bitwallet deposits and withdrawals following our rigorous hands-on tests.
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1Founded in 2009, Vantage provides trading on over 1000 CFD products to more than 900,000 customers. Forex CFDs can be traded from 0.0 pips on the RAW account using TradingView, MT4 or MT5. Vantage is regulated by ASIC and keeps client funds separate. The company also offers a variety of social trading tools for those interested in copy trading.
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.3 Founded in 2009, FBS is a celebrated CFD broker active in more than 150 countries, serving over 27 million traders. Traders receive around-the-clock support, including market analysis, trading calculators, and competitive pricing without any commissions. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 3.6 M4Markets is a recognized broker, regulated by the CySEC, FSA, and DFSA. Despite being newer, the broker continually enhances its service by providing inventive tools, platforms, and accounts. Newcomers can begin trading with a minimum of $5, while seasoned traders can utilize leverage up to 1:5000. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 3.5 Established in 2019, FXGT is an offshore broker offering CFD trading on over 185 instruments. Using MT4, MT5, and FXGT Trader (introduced in 2024), alongside five account types (Mini, Standard+, ECN Zero, PRO, and Optimus), FXGT serves a wide range of traders. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.2 Pacific Union Prime is a regulated broker that deals in a broad range of assets including forex, commodities, stocks, bonds, and indices. It allows traders easy market access at competitive rates. This broker utilizes both MetaTrader 4 and 5 platforms and their exclusive mobile app. Costs depend on the account type. They offer a Standard account with no commission and spreads starting from 1.9 pips, and a Prime account with a $7 per lot commission and spreads starting from 0.4 pips.
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Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Detailed Rating Comparison
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Fee and Cost Comparison
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Broker Popularity
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Why Trade With Vantage?
Vantage is a solid choice for CFD traders looking for a strictly-controlled broker that offers the dependable MetaTrader platforms. The registration process is swift and there’s a $50 minimum deposit, making it easy for traders to start quickly.
Pros
- Vantage offers beginner-friendly social trading through ZuluTrade & Myfxbook for traders who prefer a hands-off approach.
- Vantage has enhanced its algorithmic trading tools by introducing AutoFibo EA. This feature allows proficient traders to detect potential reversals in the market.
- Vantage has a high trust score due to its impressive reputation and robust regulations from FCA and ASIC.
Cons
- Unfortunately, some customers may have to sign up with an offshore company, providing less regulation protection.
- To enjoy optimal trading conditions, a significant deposit of $10,000 is required. These conditions include a commission fee of $1.50 per side.
- Test results show that average transaction speeds of 100ms-250ms are slower than other trading options.
Why Trade With FBS?
FBS is suitable for traders of all levels, requiring only a $5 initial deposit. It offers an educational academy for beginners and access to MT4 and MT5 platforms. Traders with more experience can take advantage of trading opportunities with leverage up to 1:3000.
Pros
- FBS provides a balance between advanced features and user-friendly functionality. The sign-up process takes less than 10 minutes, and they offer an intuitive app. They also provide comprehensive market research, including Market Analytics and VIP Analytics. Extra resources are available such as the FBS Academy and Trader's Blog to enhance the trading experience.
- The trading company has gained over 90 honors and accumulated over 27 million customers, thus, it is among the biggest and oldest brokers worldwide.
- FBS provides quick execution speeds starting at just 10 milliseconds, making it a top choice for active traders, such as scalpers, who require fast order handling.
Cons
- Investor protection applies only to clients in the EU. Therefore, global traders may lack protection if their account becomes negative, greatly heightening the risk to funds.
- The FBS app is excellent for beginner traders and MT4/MT5 is suitable for advanced ones. However, the lack of cTrader and TradingView, available on alternatives like Pepperstone, might be a drawback for traders familiar with these platforms.
- Only two basic currencies, EUR and USD, are available. This isn't functional for reducing conversion costs for worldwide traders, considering the broker is used in over 150 countries.
Why Trade With M4Markets?
M4Markets provides leveraged trading on robust third-party platforms for active investors. It also offers other investment options such as copy trading and MAM/PAMM accounts.
Pros
- M4Markets is an affordable broker which provides spreads from 0.0 pips and no commissions, along with a manageable $5 minimum deposit for traders.
- Execution speeds are typically quick at 30 ms. We deem speeds under 100 ms appropriate for active traders.
- Get reliable customer support 24/5 in 10 languages through live chat, phone, and email.
Cons
- The educational resources offer a limited selection of eBooks and webinars, falling behind top brokers in this aspect.
- Compared to leading brokers that usually provide over 1000 options, the selection of approximately 200 investments is limited.
- M4Markets does not provide any rebate programs or incentives for active traders.
Why Trade With FXGT?
FXGT, with its Optimus account, targets traders by offering high leverage of up to 1:5000. This allows for the potential of increased profits and losses, but with less regulatory protection.
Pros
- FXGT excels by offering access to over 30 popular cryptocurrencies, like Bitcoin and Ethereum. This benefits traders looking to diversify into digital assets, providing an extra market beyond traditional forex and stocks.
- FXGT offers several platforms like MT4, MT5, and its own FXGT Trader, introduced in 2024, to accommodate different trading styles, including MetaTrader's automated trading with Expert Advisors (EAs).
- Five account types are available for different trading needs, including accounts for beginners and advanced traders. The Optimus account, originally for traders, now offers the highest leverage up to 1:5000, which can increase both profit and loss.
Cons
- FXGT provides some research, including a market analysis section and economic calendar, but these are not as comprehensive as those from brokers like IG. Traders seeking detailed analysis, in-depth reports, or third-party research will find FXGT's resources lacking.
- FXGT is regulated by regional authorities like the Seychelles FSA and South Africa's FSCA, but it lacks licenses from top regulators such as the UK's FCA or Australia's ASIC. Therefore, traders might not receive the same level of investor protections, strict oversight, or dispute resolution mechanisms.
- FXGT offers about 185 assets, which is limited compared to leading brokers like Saxo with 72,000+ instruments. FXGT lacks access to many international stocks.
Why Trade With PU Prime?
PU Prime is ideal for traders who want to trade with high leverage and low costs in a direct-market trading setup.
Pros
- Protects clients with separate funds and protection against a negative balance.
- The PU Social app enables copy trading functions.
- Swap-free Islamic account
Cons
- There is no top-level regulatory supervision for trading.
- Withdrawals under $100 have a relatively high $40 minimum withdrawal and handling fee.
- Standard account trading spreads are average.
Filters
Understanding Bitwallet for Traders
Bitwallet is a digital wallet that lets traders easily deposit, withdraw, and exchange four types of traditional currencies. It’s popular because it allows for quick payments to brokers and uses advanced security measures to keep transactions safe.
This guide ranks the best brokers that accept Bitwallet and explains how traders can use Bitwallet to fund their accounts with these brokers.
Choosing the Best Bitwallet Brokers
To find the top brokers that use Bitwallet, we:
- Reviewed 500 online brokers to see which ones accept Bitwallet payments.
- Ensured they support Bitwallet for online trading deposits.
- Ranked them based on over 100 pieces of data, along with our personal insights.
What is Bitwallet?
Bitwallet, launched in 2012, is an online payment service that caters to individuals, merchants, and businesses. It offers a digital wallet and credit card payment services. Traders open and fund a Bitwallet account, and brokers that accept Bitwallet can easily process payments using its technology.
Mainly popular in parts of Asia, Bitwallet attracts users globally. It’s important not to confuse this service with a similarly named US company. Notably, Bitwallet in Singapore does not involve cryptocurrency transactions.
How Bitwallet Works
Bitwallet is user-friendly and works similarly to other e-wallets, allowing traders to fund their brokerage accounts with ease. Traders just need to open and fund an account to start using Bitwallet with brokers.
Bitwallet supports four currencies: Euros, US Dollars, Australian Dollars, and Japanese Yen. You can switch between these currencies using the wallet, though international services like TransferWise might offer better rates.
It also provides a service to send money to other Bitwallet users. This comes with a small flat fee, which can be beneficial for traders making transfers across borders.
Setting Up an Account
– Start by visiting Bitwallet’s homepage and clicking ‘create account.’
– Provide your email and country for a trial account (note: this cannot transact).
– Complete the full registration with more info and documents—it takes about 30 minutes.
The account tiers—Basic, Pro, and Unlimited—depend on your transaction volume and verification steps like ID checks:
- Basic: Requires ID verification and allows up to $25,000 in transactions.
- Pro: After 10 transactions totaling $10,000 in a year, this tier reduces fees by 25% for transactions up to $50,000 monthly.
- Unlimited: By completing 30 transactions worth $30,000 a year, users can access this level and enjoy a 50% fee discount.
Funding Methods
You can add money to your Bitwallet using a debit/credit card or a bank transfer. Card transactions are faster, while bank transfers might take longer.
Transaction Times
Bitwallet offers almost instant transactions, especially for deposits to brokers. Withdrawals, however, might take longer due to broker processing times, but sending money from Bitwallet to your bank typically completes within a day.
Fees
Bitwallet charges can be quite high. For instance:
– Depositing through a bank transfer is free.
– Credit card deposits from a basic account incur an 8% fee.
– Withdrawals come with a $10 (or equivalent) charge based on the currency.
Even with discounts on Pro or Unlimited accounts, fees remain relatively high. Additionally, the currency conversion rates aren’t the most favorable.
Security Features
Bitwallet employs robust security measures involving:
- Separate storage of client funds.
- Advanced encryption technology.
- Network protection like firewalls and systems to prevent attacks.
- Security-focused features such as two-factor authentication and login history checks.
Pros of Using Bitwallet for Trading
- Quick and real-time transactions.
- Easy transactions with compatible brokers.
- Reasonable transfer costs with OneCoin service.
- Support for multiple currencies.
- Strong security measures.
Cons of Using Bitwallet for Trading
- Lacks support for cryptocurrencies.
- High cards deposit fees and other charges.
- Better currency conversion options might be available elsewhere.
- Limited number of brokers accept Bitwallet.
- High transaction volume needed to reach better account tiers.
How to Deposit Using Bitwallet
Deposit steps can differ between brokers but usually involve:
Steps to Make a Deposit
- Go to the ‘Deposits & Withdrawals’ section on your broker’s dashboard.
- Select ‘Bitwallet’, enter the deposit amount.
- Enter your details to activate Bitwallet.
- Confirm the payment.
Withdrawals often follow similar steps, but check your broker’s site for specific processing times, as they may take longer.
Is Bitwallet Suitable for Trading?
Bitwallet provides fast, reliable transactions for USD, AUD, JPY, and EUR traders. While the fees are high, and better account rates require frequent transactions, Bitwallet can still be a helpful option, especially with brokers that support it.
FAQs
Is It Safe to Deposit to a Broker Using Bitwallet?
Yes, Bitwallet is secure due to its strong encryption and fund protection policies. However, make sure to only transact with trustworthy brokers.
Does Bitwallet Support Crypto Payments?
No, Bitwallet does not handle cryptocurrency transactions. Be careful not to confuse it with a US-based company with a similar name that does offer these services.
Is Bitwallet Legitimate for Online Trading?
Absolutely, Bitwallet is a credible payment method established in 2012 that uses secure transaction measures, allowing you to easily handle deposits and withdrawals with compatible brokers.
Which Brokers Accept Bitwallet?
While not the most widely accepted, several reputable brokers like SuperForex and PU Prime accept Bitwallet as a payment method.
Are Deposits to Bitwallet Brokers Costly?
Yes, card deposits from Basic accounts have an 8% fee, and withdrawals incur a $10 charge. However, deposits to your Bitwallet using bank transfers are free.