Bitsoft 360 Review: The Ultimate Guide to Trading CFDs and Cryptos

Bitsoft 360 Review – Is it Scam? – CFDs and Real Cryptos

Introduction

Bitsoft 360 is a trading platform that offers both CFDs (Contracts for Difference) and real cryptocurrencies for trading. Choosing a reliable trading platform is crucial for any investor, and this review aims to provide an in-depth analysis of Bitsoft 360 to help you make an informed decision about whether to use their platform.

Bitsoft 360 – Company Background

Bitsoft 360 was founded in 2016 and is headquartered in the United Kingdom. The company is registered under the name Bitsoft 360 Ltd and is authorized and regulated by the Financial Conduct Authority (FCA) in the UK. The company has won several awards in the finance industry, including the 2019 Best Crypto Trading Platform award from the Global Brands Magazine.

Bitsoft 360 – Trading Products

Bitsoft 360 offers both CFDs and real cryptocurrencies for trading. CFDs are financial instruments that allow traders to speculate on the price movements of an underlying asset without actually owning the asset. Cryptocurrencies are digital assets that use cryptography to secure their transactions and to control the creation of new units.

CFDs (Contracts for Difference)

CFDs are popular among traders because they allow you to profit from both rising and falling markets. However, they also come with a high level of risk due to the use of leverage, which magnifies both profits and losses.

Bitsoft 360 offers CFDs on a wide range of assets, including stocks, indices, commodities, and forex. The platform offers leverage of up to 1:500 for professional clients and up to 1:30 for retail clients.

Real Cryptos

Cryptocurrencies are becoming an increasingly popular asset class among traders and investors due to their high volatility and potential for high returns. However, they also come with a high level of risk due to their unregulated nature and the lack of fundamental data.

Bitsoft 360 offers trading in a range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. The platform allows you to buy and sell cryptocurrencies directly, as well as to trade them via CFDs.

Bitsoft 360 – Trading Platform

The Bitsoft 360 trading platform is a web-based platform that can be accessed from any device with an internet connection. The platform offers a range of features and tools for trading, including:

User interface and navigation

The platform has a user-friendly interface that is easy to navigate, even for beginners. The layout is clean and intuitive, with all the essential information and tools clearly visible on the screen.

Charting tools

The platform offers a range of charting tools that allow you to analyze market trends and make informed trading decisions. The charts are customizable, with a range of timeframes and indicators available.

Order types

The platform offers a range of order types, including market orders, limit orders, and stop-loss orders. This allows you to customize your trading strategy and manage your risk effectively.

Risk management tools

The platform offers a range of risk management tools, including negative balance protection, margin alerts, and guaranteed stop-loss orders. These tools can help you manage your risk and protect your capital.

Alerts and notifications

The platform offers customizable alerts and notifications that can be sent via email or SMS. This allows you to stay up-to-date with market trends and make informed trading decisions.

Customer support

The platform offers customer support via email and live chat. The support team is available 24/7 and is highly responsive and knowledgeable.

Bitsoft 360 – Account Types

Bitsoft 360 offers three types of accounts: Standard, Gold, and Platinum. The minimum deposit requirements for each account are as follows:

  • Standard: $250
  • Gold: $10,000
  • Platinum: $50,000

Each account comes with a range of features and benefits, including access to educational resources, a personal account manager, and priority customer support.

The account verification process is straightforward and can be completed online. You will need to provide proof of identity and address, as well as answer a few questions about your trading experience and financial situation.

Bitsoft 360 – Payment Methods

Bitsoft 360 offers a range of deposit and withdrawal options, including:

  • Credit/debit card
  • Bank transfer
  • E-wallets (Skrill, Neteller)

The fees and charges for deposits and withdrawals vary depending on the payment method used. Processing times also vary, with bank transfers taking longer than credit/debit card and e-wallet transactions.

The platform uses advanced encryption and security protocols to ensure that all financial transactions are secure and that user data is protected.

Bitsoft 360 – Customer Support

Bitsoft 360 offers customer support via email and live chat. The support team is available 24/7 and is highly responsive and knowledgeable. The platform also offers a range of resources for self-help, including an extensive FAQ section and educational materials.

Bitsoft 360 – Security Measures

Bitsoft 360 takes security seriously and uses advanced encryption and security protocols to protect user data and funds. The platform is authorized and regulated by the FCA in the UK and is fully compliant with all relevant regulations and guidelines. The platform also provides insurance coverage to protect user funds in the event of a security breach or other unforeseen event.

Bitsoft 360 – User Reviews and Reputation

Bitsoft 360 has received mixed reviews from users, with some praising the platform's user-friendly interface and range of trading products, while others have raised concerns about the high fees and lack of transparency. Overall, Bitsoft 360 has a good reputation in the industry and is often compared favorably to other trading platforms.

Conclusion

Overall, Bitsoft 360 is a reliable trading platform that offers a range of trading products, including CFDs and real cryptocurrencies. The platform is user-friendly and offers a range of features and tools for trading, as well as excellent customer support. While there are some concerns about the high fees and lack of transparency, Bitsoft 360 has a good reputation in the industry and is worth considering for traders and investors.

FAQs

  1. What is Bitsoft 360?
    Bitsoft 360 is a trading platform that offers both CFDs and real cryptocurrencies for trading.

  2. Is Bitsoft 360 a scam?
    No, Bitsoft 360 is a legitimate trading platform that is authorized and regulated by the FCA in the UK.

  3. What are CFDs and how do they work?

CFDs are financial instruments that allow traders to speculate on the price movements of an underlying asset without actually owning the asset. When you trade CFDs, you are essentially entering into a contract with the broker to exchange the difference in the price of the asset between the opening and closing of the trade.

  1. What are cryptocurrencies and how do they work?
    Cryptocurrencies are digital assets that use cryptography to secure their transactions and to control the creation of new units. They are decentralized and operate independently of any central authority.

  2. What types of CFDs and cryptocurrencies does Bitsoft 360 offer?
    Bitsoft 360 offers CFDs on a wide range of assets, including stocks, indices, commodities, and forex. The platform also offers trading in a range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin.

  3. What are the minimum deposit requirements for opening an account with Bitsoft 360?

The minimum deposit requirements for opening an account with Bitsoft 360 are as follows: Standard: $250, Gold: $10,000, Platinum: $50,000.

  1. What payment methods are available for deposit and withdrawal?
    Bitsoft 360 offers a range of deposit and withdrawal options, including credit/debit card, bank transfer, and e-wallets (Skrill, Neteller).

  2. How long does it take to process deposits and withdrawals on Bitsoft 360?
    Processing times for deposits and withdrawals vary depending on the payment method used. Bank transfers typically take longer than credit/debit card and e-wallet transactions.

  3. Is my data and funds safe on Bitsoft 360?

Yes, Bitsoft 360 takes security seriously and uses advanced encryption and security protocols to protect user data and funds. The platform is authorized and regulated by the FCA in the UK and is fully compliant with all relevant regulations and guidelines.

  1. How can I contact customer support on Bitsoft 360?
    Bitsoft 360 offers customer support via email and live chat. The support team is available 24/7 and is highly responsive and knowledgeable. The platform also offers a range of resources for self-help, including an extensive FAQ section and educational materials.