Bittrex Review 2020

Bittrex Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
Bittrex Review Screenshot

Bittrex Guide - Read our In Depth Bittrex Review

This Bittrex review was written by industry experts with over 20 years of financial experience in Forex trading, Share Dealing.

What is Bittrex?

Bittrex are an a global online financial trading platform and multi asset broker founded in 2010

Over 10 years later Bittrex has grown to offering retail investors Forex trading, and Share Dealing trading.

Bittrex are a global broker and have a head office in South Korea.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this Bittrex review and assess how well the Bittrex platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Bittrex can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Bittrex we breakdown the pros and cons. What Bittrex are able to offer, what countries Bittrex are available in. Who Bittrex are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Bittrex review useful.

This review of the Bittrex platform is very detailed. If you are interested in trading with Bittrex in any capacity please take the time to read and research the whole Bittrex review.

We have tried to explain the ins and outs of financial trading through the Bittrex platform as plainly as possible so that you the trader are as informed as possible before you start to use the Bittrex trading tools and depositing and withdrawing funds from Bittrex.

Benefits of trading with Bittrex

Open Bittrex's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Bittrex like Forex trading, and Share Dealing trading. you should have confidence in Bittrex and know that the management of your financial investments on the Bittrex platform is in good hands.

At the bottom of this Bittrex review you can also learn about some pretty good alternatives to Bittrex

With this Bittrex review we hope to help you see if Bittrex is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Bittrex that will help you get off to a good start in the world of online trading.

Bittrex Review Table of Contents

Bittrex review
Bittrex is a Multi-Assets Trading Platform with over 57+ Assets

Learn more about Bittrex. Bittrex is a multi asset platform with 57+ tradable Assets. Assets available on Bittrex include Forex trading, Share Dealing.

Bittrex trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Share Dealing are considered financial assets.

Bittrex review
Features of Bittrex

Bittrex review
What you should know

Bittrex offer two ways to trade: Forex trading, Share Dealing.

With Bittrex you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Bittrex platform.

Bittrex are able to accommodate various levels of traders whether you are experienced or a beginner.

Bittrex review
Are Bittrex safe?

When choosing a broker like Bittrex the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2010, and in operation for 10 years Bittrex have a head office in South Korea.

Bittrex is regulated. This means Bittrex are supervised by and is checked for conduct by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Bittrex, this will be honored. If Bittrex violate any regulatory rules their regulated status could be stripped.

Bittrex review
Is my money safe with Bittrex?

Any payments funded to Bittrex accounts by traders are held in a segregated bank account.

For added security Bittrex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should Bittrex use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Bittrex deposited in a Tier 1 bank?

Having any money you deposit with Bittrex means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Bittrex goes out of business for some reason.

Therefore, we can safely conclude that Bittrex is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Bittrex also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding Bittrex. let us look at the Bittrex features in more detail.

Try creating two accounts when you are working with Bittrex. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Bittrex

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Bittrex as a Company Compare Against Other Brokers

Broker bittrex eToro IC Markets XTB
Year Established 2010 2006 2007 2002
Head Office South Korea Cyprus, UK Australia Poland
Regulation Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ Bittrex users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Bittrex Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Bittrex review
Bittrex Pros and Cons

What we like about Bittrex

  • Used by over 10,000 Bittrex users and traders
  • Established in 2010
  • Regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
  • Min. deposit from $100

What we don't like about Bittrex

Bittrex review
Bittrex Regulation and Licensing in more detail

We have checked and Bittrex is regulated and supervised by reputable organisations. You are able to check every Bittrex supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Bittrex. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Bittrex traders and provide a safe trading environment.

Bittrex is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Bittrex you should be sure they're legitimate online agent.

Bittrex review
Is Bittrex Global?

Yes, Bittrex is global as Bittrex is available in over 194 countries.

Bittrex is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Bittrex covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Bittrex has a total of more than 10,000 users.

Bittrex review
Bittrex Fees Explained

  • Bittrex withdrawal fees varies on payment method
  • Bittrex does charge a fee for inactive accounts.
  • Bittrex does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Bittrex Fees Compare Against Other Brokers

Broker bittrex eToro IC Markets XTB
Min Deposit 100 200 200 0
Withdrawal Fees $2 Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

Bittrex review
Bittrex Minimum Deposit

Bittrex require a minimum desposit of 100 GBP/USD when opening an Bittrex trading account.

A minimum deposit is the minimum amount of money required by Bittrex to open a new online brokerage account with them.

Dont be scared off by brokers like Bittrex charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Bittrex review
Bittrex Withdrawal Fees

Bittrex withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Bittrex for example allow you to withdraw your funds to VISA debit, Credit card, Wire Transfers.

Bittrex review
Bittrex Inactivity Fees

Bittrex does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Bittrex review
Bittrex Desposit Fees

Bittrex does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Bittrex review
Bittrex Commission Fees

Bittrex does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Bittrex review
What can you trade with Bittrex?

Be aware that Different entities under Bittrex Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Bittrex over 57 instruments infact.

If you are looking at trading currency pairs Bittrex offer over currency pairs.

Compare Bittrex with eToro and IC Markets below.

Your capital is at risk

How Bittrex Trading Options Compare Against Other Brokers

Broker bittrex eToro IC Markets XTB
Instruments Available 57 2000 232 4000
Platforms MetaTrader 4, cTrader Platform Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals No Yes Yes Yes
Energies NO Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1696
UK Shares No Yes No Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Bittrex
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Bittrex review
Trading on Bittrex web platforms and other applications

Bittrex offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Bittrex is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

Bittrex also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See Bittrex's platforms

Bittrex review
Is the Bittrex Trading Platform Secure?

Bittrex safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Bittrex also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Bittrex.

Bittrex review
Bittrex Trading Platform Options

Once you have logged into your Bittrex account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)
  • cTrader

Bittrex does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

Lets explore each of these trading platforms in detail and what options Bittrex gives you.

Bittrex review
Bittrex MetaTrader 4 (MT4)

Bittrex MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with Bittrex. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with Bittrex in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. Bittrex MetaTrader 4 is compatible with the latest macOS Mojave. Bittrex allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on Bittrex

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade Bittrex MetaTrader 4 on IOS Devices

You can download the Bittrex app or also trade with Bittrex through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade Bittrex MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. Bittrex provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Bittrex MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade Bittrex MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

Bittrex MetaTrader 4 Advanced Trading Tools

The Bittrex advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Bittrex offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade Bittrex MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

Bittrex MetaTrader 4 AutoChartist

Bittrex Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

Bittrex review
Bittrex cTrader

Bittrex cTrader

CTrader is a comprehensive trading platform solution for Forex and CFD brokerages to provide to their traders. The platform is packed with a complete variety of features to cater to each and every investment taste imaginable.

The cTrader Premium Charting and Manual Trading Platform available on Bittrex

cTrader is a top multi-asset Forex and CFD trading platform. cTrader offers advanced order types, charting tools, amount II pricing, and quick entry and execution. Using a amazing looking layout and dashboard, it is linked to state of the art infrastructure, that can be accessed from many devices.

IC Markets cTrader

cTrader Copy available on Bittrex

CTrader Copy empowers everyone on the platform to share their investment strategy and to share their trading strategy for a fee or commission. Other dealers can search and replicate the approaches available, and revel in a commitment-free investing. Furthermore, traders can use their own risk management configurations.

IC Markets cTrader Copy Trading

cTrader Automate available on Bittrex

CTrader Automate provides traders the ability to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the IDE, the IDE allows developers optimize and test their financial robots.

cTrader Open API available on Bittrex

Build your own software using cTraders Open API. It is a free, secure and publicly available API for all. Developers can take advantage of cTraders mature infrastructure to construct desktop, mobile and online software. The open API allows developers to interact and interface with any cTrader account.

You can learn more about the cTrader Platform Here.

Bittrex Trading benefits :

  • Low min deposit

Bittrex Trading Accounts Offered :

  • Mini account
  • Standard account

Can I try Bittrex before I buy?

Bittrex offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

Bittrex withdrawal and funding methods.

Please note that the list of Bittrex payment methods below depend on the Bittrex Entity and the Clients Country of Residence.

Bittrex offer the below funding payment methods. learn more about Bittrex

Bittrex Payment Methods

  • Bittrex accepts VISA debit
  • Bittrex accepts Credit card
  • Bittrex accepts Wire Transfers
Broker bittrex eToro IC Markets XTB
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No Yes
Neteller No Yes Yes Yes

How can I start trading with Bittrex?

When opening a trading account with Bittrex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Bittrex trading platforms here.

Your capital is at risk

Performing trades with Bittrex

Bittrex allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Bittrex allow you to execute a maxium trade of varies.

As a market maker, Bittrex may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at Bittrex

To trade effectively with Bittrex, it's important to get a have a good understanding of the Bittrex trading tools and the markets.

Bittrex offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Bittrex.

Take time to look around the Bittrex platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Bittrex

Bittrex support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Bittrex have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Bittrex less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages.

Livechat Support at Bittrex

We tested the Bittrex live chat and it works well. We sent messages to Bittrex livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Bittrex support in multiple languages in multiple countries. Bittrex where able to resolve our customer issues.

Email Support at Bittrex

We sent several emails to Bittrex and answer times overall were excellent. The fastest response from Bittrex was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Bittrex, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Bittrex.

Phone Support at Bittrex

Bittrex does not offer Phone Support.

See how Bittrex Support Compares Against Other Brokers

Broker bittrex eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Bittrex Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Bittrex

As Bittrex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Bittrex Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Bittrex's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Bittrex you can visit the Bittrex trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://international.bittrex.com/ on November 29, 2020.

Bittrex review
Is Bittrex A Good Broker?

We spent over 3 months examining Bittrex in depth. Although we found some very useful aspects of the Bittrex platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Bittrex broker.

  • Bittrex have a good track record of offering Forex trading, Share Dealing.
  • Bittrex has a history of over 10 years.
  • Bittrex has a reasonable sized customer support of at least 10.
  • Bittrex are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). This means Bittrex fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Bittrex have regulation from a Tier 1 reputable country.
  • Bittrex has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Bittrex have an international presence in multiple countries. This includes local Bittrex seminars and training.
  • Bittrex are able to hire people from various locations in the world who can better communicate in your local language.

Bittrex Risk Disclaimer

Your capital is at risk

Bittrex review
Bittrex not quite right?

If after reading this Bittrex review, Bittrex does not fulfill your needs check out these Bittrex Alternatives.

Click here to view the best Bittrex Alternatives

We have spent years researching the best alternatives to Bittrex. Click the links below to learn more.

If you feel some of the above Bittrex are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Bittrex alternatives below.

Bittrex review
Related Bittrex Vs Comparisons

We have covered allot in this Bittrex review, If you want to see how Bittrex compares side by side with other brokers check out our Bittrex Vs pages.

If you would like to see how Bittrex stands up against other brokers you can read some of our Bittrex comparisons below. We compare side by side some of our top rated Bittrex versus comparisons. Read our indepth Bittrex VS pages below.

Bittrex review
BITTREX Frequently Asked Questions

Can I try Bittrex before I buy?

Bittrex do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Bittrex accept?

Please note that the list of payment methods below depend on the Bittrex Entity and the Clients Country of Residence.

Bittrex offer the following funding payment methods VISA debit, Credit card, Wire Transfers, among other payment methods.
Learn more here

Your capital is at risk

Is Bittrex safe?

Bittrex are considered safe as they are regulated by and checked for conduct by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Any payments funded to Bittrex accounts by traders are held in a segregated bank account. For added security Bittrex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Bittrex trading good?

Bittrex is considered good and reputable to trade with Bittrex. Bittrex is used by over 10000 active traders and Bittrex users. Bittrex offers Forex trading, and Share Dealing trading. Minimum deposit with Bittrex is 100.

Is Bittrex trading Legit?

Bittrex was founded in South Korea in 2010. Bittrex has been facilitating trade on the financial markets for over 10 years. Bittrex offers clients Forex trading, and Share Dealing trading. All funds deposited to Bittrex are held in segregated tier 1 bank accounts for security. Bittrex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) so can be considered legit.

Is Bittrex a good broker?

Bittrex is overseen by the top tier financial regulators Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) so can be considered a good broker. Bittrex allows Forex trading, and Share Dealing trading.

Is Bittrex trustworthy broker?

Bittrex can be considered trustworthy. All money funded to Bittrex is placed into a segregated tier 1 bank account. this means your money in not held by Bittrex directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Bittrex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

What is the minimum deposit for Bittrex?

The minimum deposit to trade with Bittrex is 100.

How long do Bittrex withdrawals take?

Withdrawing money from Bittrex processing time varies but averages 2-5 days.

Is Bittrex regulated?

Bittrex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

Is Bittrex a market maker?

Bittrex is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Bittrex?

When opening a trading account with Bittrex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Bittrex trading platforms here.

Is my money safe with Bittrex?

Bittrex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). One of the most important criteria for traders when choosing a broker like Bittrex is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Bittrex, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Bittrex a con?

Bittrex is regulated and well established having been in business for over 10 years. Bittrex is definitely not a con.

Can you make money with Bittrex?

Although traders have had great success with Bittrex. Trading on the financial markets with Bittrex is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Bittrex have fees?

Bittrex withdrawal fees varies on payment method. Bittrex does charge a fee for inactive accounts. Bittrex does charge deposit fees.

When was Bittrex founded?

Bittrex was founded in 2010.

How many people use Bittrex?

Bittrex is used by over 10000 registered Bittrex users.

What is Bittrex Headquarters country?

Bittrex has its head quarters office in South Korea.

Does Bittrex offer negative balance protection?

Bittrex does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Bittrex offer guaranteed stop loss?

Bittrex does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Bittrex allow scalping?

Bittrex does not offer scalping.

Does Bittrex allow hedging?

Bittrex does not offer hedging.

Does Bittrex offer CFD trading?

Bittrex does not offer CFD trading.

Does Bittrex offer STP?

Bittrex does not offer STP trading.

How many people use Bittrex?

Bittrex is used by over 10000 Bittrex users and traders.

Is Bittrex an ECN broker?

Bittrex does not offer ECN trading.

Does Bittrex offer a demo account?

Bittrex does not offer demo account.

Does Bittrex offer an Islamic account?

Bittrex does not offer Islamic accounts.

What are the funding methods for Bittrex?

Bittrex accept the following funding methods : VISA debit, Credit card, Wire Transfers.

Bittrex review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Bittrex brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Bittrex review written by Mark Hansen of Comparebrokers.co