Score
bitcastle
Saint Vincent and the Grenadines|1-2 years| https://bitcastle.io/en/mt5
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
1-2 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential risk
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
bitcastle.io
Server Location
Singapore
Website Domain Name
bitcastle.io
Server IP
52.74.189.92
Company Summary
bitcastle information
The biggest advantage of bitcastle is its leverage up to 1:1,000. But it is unregulated, putting his customers' funds at risk.
Pros and Cons
| Pros | Cons |
| Multiple tradable assets | Not regulated |
| MT5 trading platform | Relatively new |
| Maximum leverage up to 1:1000 |
Is bitcastle Legit？
Bitcastle is not regulated in the Saint Vincent and the Grenadines. It is owned and operated by bitcastle LLC., whose registration number is 900 LLC 2021. However, there is no information available on the Financial Conduct Authority (FCA), and neither the FSA nor the ASIC.
What Can I Trade on bitcastle？
Bitcastle offers over 250 financial instruments on MT5 platform. It includes forex, metals, cryptocurrencies, commodities, indices, and energies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Energies | ✔ |
| Shares | ❌ |
Account Type
Bitcastle has two account types: Standard Account and Pro Account. It also provides demo accounts for customers to practice with. Opening an account is very easy, and all log-in steps are clear.
The standard account is suitable for beginners and the pro account is fit for professionals.
bitcastle Fees
Bitcastle fees are lower than other brokers.
Trading Fees
Standard account: spread from 1.1 pips and minimum deposit of 5,000 JPY
Pro account: spread from 0.8 pips and minimum deposit of 30,000 JPY
Non-Trading Fees
| Deposit Fee | 50 USD |
| Withdrawal Fee | Up to 270,000 yen: 4,500 yen |
| 270,000 yen and above: 2% |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | iOS, Android, WebTrader, Windows, Linux | All customers |
Customer Service
| Contact Options | Details |
| Phone | +842432022041 |
| contact@bitcastle.io | |
| Support Ticket System | ❌ |
| Online Chat | ✔ |
| Social Media | ❌ |
| Supported Language | English, Germany, Spanish, Japanese and so on |
| Website Language | English, Germany, Spanish, Japanese and so on |
| Physical Address | 10F Block A Song Da Building, Pham Hung Street, My Dinh I Ward, Nam Tu Liem District, Ha Noi, Viet Nam |
The Bottom Line
Overall, bitcastle offers high leverage and low fees, but it is not regulated, and there are many risks involved. Bitcastle is very suitable for risk-taking traders.
FAQs
Is bitcastle safe？
No, it is not safe, becaues bitcastle is unregulated and investors' fund safety is not guaranteed.
Is bitcastle a good for beginners？
Yes, bitcastle uses MT5 that is easy and convenient for customers to use.
Is bitcastle good for day trading？
Yes, because its fees are lower than other brokers and the leverage is up to 1:1000.
Keywords
- 1-2 years
- Suspicious Regulatory License
- MT5 Full License
- Regional Brokers
- High potential risk
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