BitAurox Review – Is this broker worth trying?
| General Information |
|
|---|---|
| Broker Name: | BitAurox |
| Broker Type: | Forex & CFDs |
| Country: | UK |
| Operating since year: | N/A |
| Regulation: | N/A |
| Address: | 10 Paternoster Square London EC4M 7LS |
| Broker status: | Active |
| Customer Service | |
| Phone: | +44 (20)37699194 |
| Email: | support@bitaurox.net |
| Languages: | English |
| Availability: | 24/5 |
| Trading | |
| The Trading platforms: | MetaTrader 4, MetaTrader 5 and Webtrader |
| Trading platform Time zone: | N/A |
| Demo account: | N/A |
| Mobile trading: | No |
| Web-based trading: | Yes |
| Bonuses: | No |
| Other trading instruments: | Yes |
| Account | |
| Minimum deposit: | $10,000 |
| Maximal leverage: | 1:1000 |
| Spread: | Floating From 1 Pip |
| Scalping allowed: | Yes |
General Information & First Impressions
Today in our BitAurox review, we’ll introduce a brokerage focused on the German-speaking audience. Of course, that means the base language of the site is German. However, if you don’t speak it, you don’t need to worry; there are functional translations to tons of other languages.
BitAurox is a CFD trading company that offers users over 600 assets to choose from. It lets users trade popular categories like forex and cryptocurrencies in order to maximize their profits. BitAurox puts a large emphasis on customer agency, meaning it lets you trade your own way. That goes hand in hand with its focus on more experienced investors, as they likely already have set trading habits.
To that end, the broker offers multiple platforms, including a proprietary web solution. The others are from the MetaTrader series, and the broker offers both the fourth and fifth installments.
So from the get-go, the broker starts out strong. It doesn’t waste any time and shows you its most powerful conditions straight away. We like that approach as it shows the broker’s honesty and integrity. On top of that, it lets you inspect the broker at a glance and form an opinion based on your trading habits.
However, we find it difficult to see traders not being impressed by what’s in store. The broker is clearly technically sound with tons of features that allow you to flourish in your own style.
For our BitAurox review, the broker has made us hopeful. It has a wide variety of conditions that match well and make a cohesive service.
Fund and Account Security
Whenever you’re looking for a new broker, the first thing you should do is check whether it’s secure. Financial businesses have a rich history of being scammer hotspots, and that isn’t likely to change in the future. It’s a bit better for brokers now as cryptocurrencies are the new hot thing, but the problem is far from solved. As such, traders still need to keep their wits about them when finding new brokerages.
And that’s difficult sometimes, especially if you’re new. Even some veteran traders have difficulties smoking out scams if they haven’t used many different brokers. After all, there’s nothing about trading that makes you an inherently good broker inspector.
Because of that, we’ve decided to look at the company’s security for our bitaurox.com review. We will help you form an opinion on the topic, although we also encourage you to do your personal research.
And as a Germany-focused company that operates from the UK, BitAurox has little room for error. It has numerous world-class regulators breathing down its neck, so the chances of it misbehaving are minimal.
And even that is assuming that it wanted to harm customers. However, there isn’t even the slightest indication that the company aims to damage clients in any way. The website is streamlined and easy to understand, and so are the formal documents. That lets users form a complete image of the broker’s service and the conditions it offers.
On top of that, the website is encrypted, halting a lot of hacker activity before it reaches anything remotely important. Supporting that is the broker’s authenticators, which let users protect their accounts by requiring multiple access points.
Account Info at bitaurox.com
As we already said earlier in our BitAurox review, the broker lets traders carry out their business how they wish. However, one of the areas where the broker is most creative is undoubtedly the accounts section.
Now, from the minimum deposit, it becomes obvious that the broker’s target audience are serious traders. However, that doesn’t mean the broker doesn’t welcome newer traders. As a contingency, it has materials and expert assistants that are ready to help you develop if you’re not yet fully confident.
For the accounts, there are multiple tiers, each requiring a different deposit that’s higher than the last. That way, there’s a natural progression as you earn more money, as well as the ability to skip ahead if you wish. Each account gets you a good bit of luxury, and even some trading features improve as you go along.
An additional feature we’d like to emphasize is the private bank account. BitAurox is one of the few companies that actually offer such a feature. It can be useful to minimize the taxable part of your profits, or just to keep a higher degree of privacy.
Next, there’s the 1:1000 leverage that we need to mention. It’s reserved for customers with the highest-rank regular account since they’re the only ones with the appropriate risk profile. However, it lets you split your capital and take positions you otherwise couldn’t, possibly amplifying your gains thousandfold.
Lastly, we also need to go over the VIP account, which is only for premium users. If you’ve used the broker for a while or believe to be one of its top traders, you can contact your account manager and get the exclusive offer. Here’s what the accounts at bitaurox.com can get you:
Bronze
- Min. Deposit: $10,000
- Trading Platform: MetaTrader 4, MetaTrader 5 and Webtrader
- Spreads: From 1 pip
- Fifth decimal place: Yes
- Execution: Market execution
- Account Currency:USD, EUR, CHF, GBP, NZD, AUD, JPY, HKD, CNY
- Leverage:1:100
Silver
- Min. Deposit: $25,000
- Trading Platform: MetaTrader 4, MetaTrader 5 and Webtrader
- Spreads: From 1 pip
- Fifth decimal place: Yes
- Execution: Market execution
- Account Currency: USD, EUR, CHF, GBP, NZD, AUD, JPY, HKD, CNY
- Leverage: 1:200
- Phone Trading: Yes
- Commission: By arrangement with the personal analyst
- Forex pairs fee: No
Gold
- Min. Deposit: $50,000
- Trading Platform: MetaTrader 4, MetaTrader 5 and Webtrader
- Spreads: From 1 pip
- Fifth decimal place: Yes
- Execution: Market execution
- Account Currency: USD, EUR, CHF, GBP, NZD, AUD, JPY, HKD, CNY
- Leverage: 1:400
- Phone Trading: Yes
- Commission: By arrangement with the personal analyst
- Forex pairs fee: No
- Personal Account Manager: Yes
- Smallest trade size: 0.01 lot
- Margin Call / Stop out level: 80% / 50%
Premium
- Min. Deposit: $100,000
- Trading Platform: MetaTrader 4, MetaTrader 5 and Webtrader
- Spreads: From 1 pip
- Fifth decimal place: Yes
- Execution: Market execution
- Account Currency: USD, EUR, CHF, GBP, NZD, AUD, JPY, HKD, CNY
- Leverage: 1:1000
- Phone Trading: Yes
- Commission: By arrangement with the personal analyst
- Forex pairs fee: No
- Personal Account Manager: Yes
- Smallest trade size: 0.01 lot
- Margin Call / Stop out level: 80% / 50%
- Trading Instruments: All Available
- Maximum total trade size:60 standard lots per position
BitAurox’s Trading Platform
As we mentioned earlier in our bitaurox.com review, it offers a multitude of platforms. The two main options you can choose from are MetaTrader 4 and MetaTrader 5, which are both excellent platforms. No matter which you go with, you won’t be making the wrong choice.
On top of that, it’s quite useful for traders that have traded via the platforms before. They won’t need to relearn the functionality or button placements.
There’s also a proprietary web option that you can use to trade via your browser. It’s a proprietary solution of the broker that matches the potency of its present platforms.
Lastly, when you get mobile trading with the second-tier account. That way, you’ll never need to let a trading opportunity pass you by.
BitAurox Review: Conclusion
During our BitAurox review, we’ve consistently been surprised by the level of quality the broker provides. It has numerous unique features and immense trading benefits, such as the 1:1000 leverage. Altogether, we believe you can’t go wrong with the company.
BitAurox Review
Name: BitAurox
Description: During our BitAurox review, we've consistently been surprised by the level of quality the broker provides. It has numerous unique features and immense trading benefits, such as the 1:1000 leverage. Altogether, we believe you can't go wrong with the company.
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