BitOpps Review: A Detailed Analysis Of The Top Features Of This Broker
Cryptocurrency trading is the way to go if you want to find a productive way of investing your money. Online brokers allow you to save money while allowing you the facility of increasing your savings. Many people turn towards online trading for their savings instead of keeping them in Savings accounts. This is because the crypto markets are highly volatile and investments at the right time can help double their savings.
There are many online brokerage firms for people to choose from. However, this selection needs to be made with care as not all firms suit all traders. If you want to try your hand at cryptocurrency trading but don’t know which broker to choose, then I have a suggestion for you. I want to recommend BitOpps which is a crypto trader that I had a really great experience with. In this article, I will provide you with a detailed description of the top features of this firm. You can decide whether you want to sign up with it or not after reading this review.
Detailed Discussion Of BitOpps Features
1. Low Trading Cost
You can enjoy low trading costs with BitOpps. This is something that not many brokers offer because the trading cost is a way to income for the broker. They see it as a chance to make money which in turn causes you to use more money and pay larger fees. Sometimes you will find that the trading firms charge commissions on deposits and withdrawals without clearly stating the policies. This goes unnoticed by most new traders as they don’t know that it’s something that can happen.
BitOpps offers tight spreads, big leverages, and complete transparency when it comes to transaction processes. Spread is the difference between the buying and selling price of the asset. BitOpps offers spreads as low as 0.1 pips for certain assets. It doesn’t have a fixed spread rate as it varies depending on the volatility level of the cryptocurrency market. Furthermore, the leverage that is offered is also pretty impressive. You will not find this information on the website as it is only disclosed to registered customers. However, one thing I can assure you of is that the leverage ratio goes as high as 1:100. You also don’t have to worry about hidden commissions or fees with this broker as they guarantee full transparency in that regard.
2. Uncompromised Security
Brokerage firms should never compromise on the security measures that it implements. This is because online trading firms are frequently targeted by hackers as they hold a lot of valuable information about the customers as well as money. Therefore, strong security measures should be taken to protect the system.
BitOpps uses 100% SSL Encryption software to protect the customer’s data. Encryption converts the data into symbols and numbers which are incomprehensible and useless to hackers. Furthermore, advanced security software is used to keep firewalls strong. The system is also updated regularly to fix any errors.
3. Regulations & Policies
What makes me so confident in this recommendation of BitOpps is that it is a fully regulated broker. This means that a third-party agency observes all actions of the firm to make sure that it is not performing any scams. You can trust regulated brokers because they are being monitored by authorized agencies.
Segregated accounts are used to keep your funds separate from the broker’s. This prevents the firm from using your money for its own gains. In case that the broker is caught being involved in illegal activities or goes bankrupt, the regulatory agency freezes all its actions. And since your funds are kept in separate accounts, your money is transferred to your account safely.
BitOpps is fully compliant with the KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. These policies make sure that your account is not being hacked. They confirm your identity before the confirmation of any trades or withdrawal requests. Due to the regulatory restrictions, users from the USA cannot use BitOpps as their trading firm.
4. Trade Assets
BitOpps is a crypto broker which means that it specializes in providing services related to cryptocurrency trading. The trading firm offers a wide range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, etc. You have access to the financial markets of all of these assets which allows you to make an impressive and diverse trade portfolio. The asset variety makes this firm suitable for new traders as well as professional ones.
5. Web Trader
People have their doubts about web traders because they have the impression that they are not as competent as downloadable ones. However, web traders are actually the easiest to use. One of the reasons for this is because there is no need to download additional software to your device. It also doesn’t require you to update your software to the latest versions. Web traders give you mobility because you are not bound to the device that the software is downloaded on. All that you need to do is enter the site address on the browser and log in to your account.
BitOpps offers a propriety web trader which is developed with the latest technology and packed with advanced trade tools. The features and services of the platform ensure that you make the most profitable investment decisions.
6. Easy Sign Up
BitOpps has designed a pretty straightforward and short sign up process. All that you have to do to register your account is provide some basic information about yourself, agree to the terms & conditions, and the privacy policies, and you are good to go.
This feature is worth discussing because many trading firms put little thought into this process and end up with a long and complex registration form. The users get worried about the detailed information that they are required to give to the broker. Of course, BitOpps also requires you to submit proofs of identity and such, but not at the initial stage.
As a professional trader, I can confidently recommend BitOpps to anyone having difficulty in finding the right broker. The features and overall performance of this broker are really impressive. And since it is a crypto broker, it provides all the possible services needed for profitable crypto trading.
However, as a rule of thumb, I would advise you to check out the features and services yourself before making any decisions.