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 moderate-risk broker with the TU Overall Score of 5.3 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 recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
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.
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- 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 Trading Conditions
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 |
| 💵 Deposit / Withdrawal: | BTC, ETH and XRP |
| 🚀 Minimum deposit: | USD 0.00 |
| ⚖️ Leverage: | 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 Lot |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Forex, Commodity, Index CFD, Crypto Currency |
| 💹 Margin Call / Stop Out: | 120% / 100% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | Yes |
| 📋 Order 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
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Regulation and safety
BiteClipse has a safety score of 2.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Track record over 11 years
- Not tier-1 regulated
- Not regulated
- No negative balance protection
BiteClipse Security Factors
| Foundation date | 2014 |
| Negative balance protection | No |
| Verification (KYC) | Yes |
BiteClipse is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker BiteClipse have been analyzed and rated as Low with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of BiteClipse with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, BiteClipse’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
BiteClipse Standard spreads
| BiteClipse | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,2 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,1 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
BiteClipse RAW/ECN spreads
| BiteClipse | Pepperstone | OANDA | |
| Commission ($ per lot) | 2,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with BiteClipse. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
BiteClipse Non-Trading Fees
| BiteClipse | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Deposit and withdrawal
BiteClipse received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
BiteClipse provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- No withdrawal fee
- Minimum deposit below industry average
- USDT (Tether) supported
- Wise not supported
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
What are BiteClipse deposit and withdrawal options?
BiteClipse provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT.
BiteClipse Deposit and Withdrawal Methods vs Competitors
| BiteClipse | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are BiteClipse base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. BiteClipse supports the following base account currencies:
What are BiteClipse's minimum deposit and withdrawal amounts?
The minimum deposit on BiteClipse is $0, while the minimum withdrawal amount is $0,001 BTC. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact BiteClipse’s support team.
Markets and tradable assets
BiteClipse offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 55 Forex pairs.
- 55 supported currency pairs
- Crypto trading
- Indices trading
- Bonds not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by BiteClipse with its competitors, making it easier for you to find the perfect fit.
| BiteClipse | Plus500 | Pepperstone | |
| Currency pairs | 55 | 60 | 90 |
| Total tradable assets | 100 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | Yes | Yes | No |
Investment options
We also explored the trading assets and products BiteClipse offers for beginner traders and investors who prefer not to engage in active trading.
| BiteClipse | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Trading platforms & tools
BiteClipse received a score of 5.55/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- Trading bots (EAs) allowed
- One-click trading
- Free VPS for uninterrupted trading
- MetaTrader is available
- Strategy (EA) Builder is not available
- No TradingView integration
- No access to cTrader and its advanced tools.
Supported trading platforms
BiteClipse supports the following trading platforms: MT4. This selection covers the basic needs of most retail traders. We also compared BiteClipse’s platform availability with that of top competitors to assess its relative market position.
| BiteClipse | Plus500 | Pepperstone | |
| MT4 | Yes | No | Yes |
| MT5 | No | No | Yes |
| cTrader | No | No | Yes |
| TradingView | No | Yes | Yes |
| Proprietary platform | No | Yes | Yes |
| NinjaTrader | No | No | No |
| WebTrader | No | Yes | Yes |
Key BiteClipse’s trading platform features
We also evaluated whether BiteClipse offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
| 2FA | Yes |
| Alerts | Yes |
| Trading bots (EAs) | Yes |
| One-click trading | Yes |
| Scalping | No |
| Supported indicators | 30 |
| Tradable assets | 100 |
Additional trading tools
BiteClipse offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
BiteClipse trading tools vs competitors
| BiteClipse | Plus500 | Pepperstone | |
| Trading Central | No | No | No |
| API | No | No | Yes |
| Free VPS | Yes | No | Yes |
| Strategy (EA) builder | No | No | Yes |
| Autochartist | No | No | Yes |
Mobile apps
BiteClipse supports mobile trading, offering dedicated apps for both iOS and Android. BiteClipse received 2/10 in this section, which suggests limited user interest or weak performance of the apps.
- Android and iOS apps
- Mobile alerts not supported
- Low app installs across iOS and Android
We compared BiteClipse with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
| BiteClipse | Plus500 | Pepperstone | |
| Total downloads | No data | 10,000,000 | 100,000 |
| App Store score | No data | 4.7 | 4.0 |
| Google Play score | No data | 4.4 | 4.0 |
| Mob. 2FA | No | Yes | Yes |
| Mob. Indicators | No | Yes | Yes |
| Mob. Alerts | No | Yes | Yes |
Contacts
| Foundation date | 2014 |
|---|---|
| Registration address | Suite 23, 1st Floor, Eden Plaza, Eden Island, Mahe, Republic of Seychelles |
| Official site | biteclipse.com |
Comparison of BiteClipse with other Brokers
| BiteClipse | Eightcap | XM Group | RoboForex | LiteFinance | InstaForex | |
| Trading platform |
BitEclipse Web&Mobile | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5, MultiTerminal, Sirix Webtrader | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | No | $100 | $5 | $10 | $10 | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | Yes | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | 7.00% | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.5 points | From 0 points |
| Level of margin call / stop out |
120% / 100% | 80% / 50% | 100% / 50% | 60% / 40% | 50% / 20% | 30% / 10% |
| Order Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | Yes |
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