BitEclipse Review 2024
Minimum
deposit:
  • $0

Trading platform:

  • BitEclipse Web&Mobile
Bonus for deposit:
  • 0%

BitEclipse Review 2024

Updated:
Updated: October 06, 2023
Your capital is at risk.

2.46

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • $0

Trading platform:

  • BitEclipse Web&Mobile
Bonus for deposit:
  • 0%

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Summary of BiteClipse Trading Company

BiteClipse is a high-risk broker with the TU Overall Score of 2.46 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 372 among 406 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.

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.

💰 Account currency: USD, BTC, ETH
🚀 Minimum deposit: USD 0.00
⚖️ Leverage: 1:500
💱 Spread: 0.00 Pip
🔧 Instruments: Forex, Commodity, Index CFD, Crypto Currency
💹 Margin Call / Stop Out: 120% / 100%

👍 Advantages of trading with BiteClipse:

  • 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.

👎 Disadvantages of BiteClipse:

  • 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.

Evaluation of the most influential parameters of BiteClipse

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

1.99

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

1.15

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

3.83

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

4.32

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

0.77

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.60

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.40

/10

User Satisfaction i

6 comments
Total score:
2.3 /10

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Ketilvext
51 weeks ago

Traded with biteclipse a few years ago. I went through more than one broker, found this company, on my head. If there are any problems, technical support will never help. Funds are withdrawn for a very long time. Well, at least they are displayed at all.

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LeslieOl
1 year ago

BitEclipse didn't want to charge me 7000 bucks. I had to go through all the circles of hell to fight off my own. what arrogant scammers! The main thing is that they behave as if they don't owe me anything. I have never met such impudence, and God forbid I will not meet again.

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aliciavr4
2 years ago

The BiteClipse site is as inconvenient as possible. I had to figure it out for a couple of hours, because the broker was advised to me, I didn’t want to quit without even starting. Immediately read that the demo is not available. There is no minimum deposit requirement, so I was able to deposit $50 to practice. By the way, BiteClipse has its own platform. It was interesting to test it, but it would be better to do it on a demo or a cent account. I can't say that I especially liked the terminal, but perhaps I just got used to Metatrader after many years of trading. What I noticed: the broker offers a lot of pairs with cryptocurrencies. It even seemed to me that there were more of them in the terminal than fiat/fiat pairs. For me, EURUSD is a priority, spreads for it are from 0.8 points.

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najmisahib
2 years ago

They are a coolly dubious office, I was convinced of this.

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profitone
3 years ago

I saved up money, thought to multiply with BiteClipse. And it turned out to run into charlatans. I didn’t even really start trading as I was simply impudently leaked. As I understand it, it is not possible to knock money out of them. Sorry for my efforts ... BiteClipse aims to drain! This broker is not interested in anything else.

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nodoka256
3 years ago

I advise you to run from BiteClipse before it's too late, they are just crooks. They do whatever they want, reopen closed orders at the prices they need and say that the order was closed on non-market quotes. I have not seen anything like this anywhere, only in BiteClipse. I recently pipsanul with a large lot, caught 7 p. In the morning and closed the order, after a while it opened by itself when the price was already in a deep minus, lost 3000 bucks.

Dynamics of BiteClipse’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment programs of BitEclipse

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.

Important!

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.

Trading Conditions for BiteClipse Users

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.

$0

Minimum
deposit

1:500

Leverage

No

Support

💻 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
Your capital is at risk.

Comparison of BiteClipse with other Brokers

BiteClipse RoboForex Eightcap Exness FreshForex TeleTrade
Trading
platform
BitEclipse Web&Mobile MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading MT4, MT5
Min deposit No $10 $100 $10 No $1
Leverage From 1:1
to 1:500
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:25
to 1:500
From 1:1
to 1:10
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 0 points From 1 point From 0 points From 0.8 points
Level of margin call
/ stop out
120%  /  100% 60%  /  40% 80%  /  50% No  /  60% 40%  /  20% 70%  /  20%
Execution of orders Market Execution, Instant Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution, Instant Execution
No deposit bonus No No No No $30 No
Cent accounts No Yes No No Yes No

Broker comparison table of trading instruments

BiteClipse RoboForex Eightcap Exness FreshForex TeleTrade
Forex Yes Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes No Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock No Yes Yes Yes Yes Yes
ETF No Yes No No No Yes
Options No No No No No No

BiteClipse Commissions & Fees

Information
Traders Union analysts performed an analysis of the broker’s conditions. Due to the non-standard approach to trading, they did not find full information about fees in open sources. For example, the analysts failed to find whether the company charges the network fee on cryptocurrency transactions. Or how the pip value is calculated for EUR/USD trading, if the account is in BTC. Also, novice traders may be misled by 6-digit quotes, while according to the conditions, 1 pip equals 0.0001.
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
BiteClipse $7.6 High
RoboForex $1 Low
IC Markets $1.5 Medium
Logo BiteClipse
$7.6
$1
$1.5

Contacts

Foundation date 2014
Registration address Suite 23, 1st Floor, Eden Plaza, Eden Island, Mahe, Republic of Seychelles
Official site
Your capital is at risk.
Disclaimer:

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.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
BiteClipse Review BiteClipse Review

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FAQs

Do reviews by traders influence the BiteClipse rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about BiteClipse you need to go to the broker's profile.

How to leave a review about BiteClipse on the Traders Union website?

To leave a review about BiteClipse, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about BiteClipse on a non-Traders Union client?

Anyone can leave feedback about BiteClipse on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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