BitEclipse Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $0
- BitEclipse Web&Mobile
- 2014
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $0
- BitEclipse Web&Mobile
- 2014
Our Evaluation of BiteClipse
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BiteClipse is a high-risk broker with the TU Overall Score of 2.29 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BiteClipse clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. BiteClipse ranks 381 among 414 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
This is a non-standard broker offering trading instruments based on cryptocurrencies. It is a hybrid of a cryptocurrency exchange and a Forex broker, where you can earn money on CFDs on currency pairs, commodities, and stock indices.
Brief Look at BiteClipse
BitEclipse offers customers multi-asset trading using a user-friendly platform. The company takes pride in its advanced FinTech and ICT technology. BitEclipse is operated by N2KSW-Project Company registered in Seychelles.
- Minimum position is 0.001 lot. This means that you need a 10 times smaller deposit in order to open a position within the limits of risk management.
- Native token BET that runs on ERC-20. Holders of the token receive trading fee discounts and an opportunity to earn a percentage yield on the deposit. The token is quoted on PancakeSwap, a decentralized exchange.
- Over-the-counter trading (direct C2C deals) with a possibility to directly contact your counterparty beforehand.
- Free listing of your own token project on the BitEclipse platform.
- An account can be opened only in ВТС, ЕТН or XRP. The prices of currency pairs are mostly shown in USD. This means that there is a risk of fluctuation of prices of currencies between themselves, and also price fluctuations of a currency against the U.S. dollar.
- No regulation.
BiteClipse Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | BitEclipse Web & Mobile |
|---|---|
| 📊 Accounts: | Standard, Active Trader, Premium Pro, Institutional Pro |
| 💰 Account currency: | USD, BTC, ETH |
| 💵 Replenishment / Withdrawal: | BTC, ETH and XRP |
| 🚀 Minimum deposit: | USD 0.00 |
| ⚖️ Leverage: | 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 Lot |
| 💱 Spread: | 0.00 Pip |
| 🔧 Instruments: | Forex, Commodity, Index CFD, Crypto Currency |
| 💹 Margin Call / Stop Out: | 120% / 100% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market Execution, Instant Execution |
| ⭐ Trading features: | MAM, Copy Trade |
| 🎁 Contests and bonuses: | No |
BitEclipse takes pride in its robust infrastructure and advanced technology empowering the trading platform, wallet, and communication. BitEclipse can be a perfect partner for high-frequency trading. Trading is available from the BitEclipse Web platform and iOS/Android apps. One can trade multiple assets, including Forex, Commodities, Index CFD, and cryptocurrencies. Moreover, the company ensures the protection of customer funds from any potential danger. Here, customer accounts are protected by ID, PW, Captcha, IP Block, and 2 Factor Authentication.
BiteClipse Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | +0.3 pips | no |
| Active Trader | +0.2 pips | no |
| Premium Pro | +0.1 pips | no |
| Institutional Pro | +0.0 pips | no |
For example, the spread on the EUR/USD pair specified on the website is 0.76 shown as a 4-digit quote. This means that the real spread on the Standard account is 1.06 pips or USD 10.6. Below, you will find comparison the broker’s spread with the spread of other brokers.
| Broker | Average commission | Level |
|---|---|---|
|
$7.6 | |
|
$1 | |
|
$1.5 |
Investment Options
The broker offers the following investment programs:
Percentage yield at 4-4.5 APY (for USD). A deposit can be nominated in over 20 currencies and cryptocurrencies at different APY. Owning BET increases the interest rate.
Signal providing service with a fixed fee of 0.1 pips. It is similar to social trading.
МАМ Accounts. These are accounts for managing traders who can manage investor accounts from their own account. An investor cannot open trades on his/her account if the account is connected to a MAM trader.
You can learn more about conditions and benefits of investment programs by contacting Customer Support.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
BFB-Capital Partnership program
Types of partnership programs:
Introducing Broker. This is a standard partnership program for attracting referrals. You can become a partner once you buy 250 BET. After that, a partner will be paid partnership commission in the platform’s tokens.
Offer for Forex brokers and legal entities. It implies provision of liquidity and technologies through BE-Bridge on МТ4/МТ5. You need to buy 30,000 BET in order to participate.
The broker provides any informational support for partners.
Comparison of BiteClipse with other Brokers
| BiteClipse | RoboForex | Pocket Option | Exness | Octa | Vantage Markets | |
| Trading platform |
BitEclipse Web&Mobile | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader4, MetaTrader5 | MT4, MT5, WebTrader, Mobile Apps |
| Min deposit | No | $10 | $5 | $10 | $25 | $50 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0.6 points | From 0 points |
| Level of margin call / stop out |
120% / 100% | 60% / 40% | 30% / 50% | No / 60% | 25% / 15% | 100% / 50% |
| Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
User Satisfaction