Bittrex Review 2020

Bittrex Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
Bittrex 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.

Bittrex are an online broker founded in 2010 offering Forex trading 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.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. 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.

Benefits of trading with Bittrex

Open Bittrex's Website

Your capital is at risk

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

With this 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
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.

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.

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 Trading212
Year Established 2010 2006 2007 2006
Head Office South Korea Cyprus, UK Australia UK
Regulation Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 60,000+ 14,000,000+
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit Bittrex Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 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
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 Trading212
Min Deposit 100 200 200 1
Withdrawal Fees $2 Yes No No
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes No

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

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 Trading212
Instruments Available 57 100 232 3000
Platforms MetaTrader 4, cTrader Platform Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 177
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 0 19 14
Metals No Yes Yes Yes
Energies NO Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1731
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
75% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit Trading 212
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 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 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

Broker bittrex eToro IC Markets Trading212
Bank transfer No Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No No No No
Neteller No Yes Yes No

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 Trading212
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, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit Bittrex Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 12th August 2018.

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 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. BittrexBittrex is used by over Bittrex active traders. Bittrex offers Forex trading 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 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 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 traders.

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 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 :

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