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Get to Know Trade The Bit

About

We decided to dedicate some time to Trade The Bit, because this broker promises a simplified way for trading, without jeopardizing the quality of service. This is more than enough to gain our attention, but it’s certainly not enough to gain recommendations. So, we will see every part of its service before we give our final judgement.

What makes Trade The Bit different from the rest is the fact that it offers freedom of choice to its clients, supported by a team of professionals. So, someone knowledgeable will guide you through the whole process, but the decision is totally up to you. This broker is here to encourage you to improve your skills and make good moves.

Aside from this, one other thing made us do this Trade The Bit review. If you look on different websites, you will find so many positive reviews and comments about this broker. It doesn’t happen every day to find a broker with that many satisfied clients, so we were eager to find out what’s the reason behind that. Some say they were satisfied with responsive customer support, others claim that Trade The Bit offers the best trading conditions, but there is also a group of people who enjoy using unique trading platforms. That said, we won’t waste any more time and we will see what kind of trading platform you can find here.

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Accounts

Do you know how brokers provide multiple account types so that everyone can find something suitable for their needs? Well, here you will have a possibility to choose between five of them and that’s what surprised us once we visited the account types page

Depending on your experience and the amount of money you want to invest at the beginning, you can choose between Basic, Silver Gold, Platinum and VIP. The first one is the smallest and as expected, you won’t receive so many benefits. Market reviews and leverage up to 1:100 is all you will receive, but the minimum deposit requirement is just 250 EUR. So, this is a perfect choice for every Forex beginner.

With the Silver account, there is a minimum deposit requirement of 10,000 EUR, but you will receive a dedicated account manager, so even if you do not have any experience, you can skip the Basic account and move straight to this one. You will also receive monthly webinars, gold spreads, leverage up to 1:200, tier three trade room and special ventures.

Now we came to the Gold account that has a minimum deposit requirement of 25,000 EUR. Basically, you will get everything that we mentioned above, but as an upgraded option. For example, spreads are gold, trade room is tier two, you will receive financial and risk management planning, private analyst sessions and prioritized withdrawal.

The platinum account is next and the main difference is the deposit requirement. With this account, the minimum is 100,000 EUR. Leverage is a bit different, as well as the spreads but with both accounts, you will get invitations to all VIP events, private analyst sessions and priority withdrawals. So, it doesn’t really matter which one you choose, because we are certain you will be satisfied with both of them. But if you cannot decide, we advise you to talk to the customer representatives and ask dedicated account managers for advice. Once you tell them your trading expectations, they will know to recommend the right account for you.

As the last option, there is a VIP account, but this one is completely different. We are not talking about a regular account that has specific trading conditions. This time, everything is custom-tailored according to your needs and if you already have an account, you can upgrade it to VIP and enjoy all those special benefits that are created just for you.

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Resources

If you like to have different learning material, you will be completely satisfied with the offer here. Trade The Bit has a wide variety of eBooks and webinars, so you can improve the skills you already have.

If you are a beginner, no need to worry, you will be covered with basic eBooks such as Terms, Basic Technical Analysis eBook, Beginners Strategies, etc. Overall, this broker provided material for every level of experience and we appreciate that.

Technology

When it comes to the platform, we don’t ask a lot. The main requirement is to have a legitimate and reliable solution that will work without interruptions. Some basic tools need to be provided and the platform has to be optimised for every device. That’s it.

Trade The Bit offers a different platform and we needed some time to get used to it. This is not a minus at all. In fact, we love this since it adds a dose of refreshment to our everyday trading habits. So, trading is one of a kind here.

The platform is fully customisable, which is an additional plus because you can arrange everything as you want. The visual appearance is totally up to you, so if you want to change details on the chart, you can do that. Our experience with the platform is great. It’s not complicated at all, even if it’s your first time trading here, you will be able to manage through it without any problem. It’s created for both beginners and experienced Forex traders.

An excellent addition that caught our attention is the left side of the screen. There, you will find every button for account management, so you do not have to leave that page at all. There is a button for deposit, withdrawal, account statement, etc. Overall, we can see why so many people say they love the trading platform Trade The Bit offers, we loved it too!

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Support

It’s the most normal thing to feel a need to contact customer support at least once when you open an account. So many things will be new to you and some of them may need clarification. At any point, you can choose one out of four different methods — phone lines, email, online form and live chat. Choose the one that suits you the most and doesn’t hesitate to contact them.

Customer support is really helpful here. Agents are polite and most importantly, responsive and knowledgeable. Our experience was nothing but positive (we used Live Chat), a message came fast, and it contained all the details that we needed.

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Funding

If you decide to start trading at Trade The Bit, you will have an option to deposit money with Credit Cards, bank transfers or eWallet. Deposits are instant and the money will be on your trading account the same moment when you press the button. But with withdrawals, things are a bit different.

Each account has different withdrawal prioritization and we appreciate the transparency. Before you start trading, you will know what the waiting time is, and there won’t be any surprises. Usually, it takes from seven to ten business days to complete the whole withdrawal process, but if you choose higher accounts, that time is shorter.

Verdict

Once you find a good broker, half of your job is done. You will be able to trade with peace of mind, knowing that the money you invested is safe. One of those brokers is Trade The Bit and if you want to have good conditions and a responsive platform, you should definitely open an account here.

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