Blitzbrokers Review 2020

Blitzbrokers Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
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Blitzbrokers Guide - Read our In Depth Blitzbrokers Review

This Blitzbrokers review was written by industry experts with over 20 years of financial experience in Forex trading.

What is Blitzbrokers?

Blitzbrokers are an a global online financial trading platform and multi asset broker founded in 1982

Over 38 years later Blitzbrokers has grown to offering retail investors Forex trading.

Blitzbrokers are a global broker and have a head office in Hong Kong.

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 Blitzbrokers review and assess how well the Blitzbrokers 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 Blitzbrokers 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 Blitzbrokers we breakdown the pros and cons. What Blitzbrokers are able to offer, what countries Blitzbrokers are available in. Who Blitzbrokers 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 Blitzbrokers review useful.

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

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

Benefits of trading with Blitzbrokers

Open Blitzbrokers'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 Blitzbrokers like Forex trading. you should have confidence in Blitzbrokers and know that the management of your financial investments on the Blitzbrokers platform is in good hands.

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

With this Blitzbrokers review we hope to help you see if Blitzbrokers 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 Blitzbrokers that will help you get off to a good start in the world of online trading.

Blitzbrokers Review Table of Contents

Blitzbrokers review
Blitzbrokers is a Multi-Assets Trading Platform with over 59+ Assets

Learn more about Blitzbrokers. Blitzbrokers is a multi asset platform with 59+ tradable Assets. Assets available on Blitzbrokers include Forex trading.

Blitzbrokers 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 are considered financial assets.

Blitzbrokers review
Features of Blitzbrokers

Blitzbrokers review
What you should know

Blitzbrokers offer one way to trade: Forex trading.

With Blitzbrokers you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with Blitzbrokers platform.

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

Blitzbrokers review
Are Blitzbrokers safe?

When choosing a broker like Blitzbrokers 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 1982, and in operation for 38 years Blitzbrokers have a head office in Hong Kong.

Blitzbrokers is regulated. This means Blitzbrokers are supervised by and is checked for conduct by the Securities and Futures Commission (SFC) regulatory bodies.

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

Blitzbrokers review
Is my money safe with Blitzbrokers?

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

For added security Blitzbrokers 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 Blitzbrokers 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 Blitzbrokers deposited in a Tier 1 bank?

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

Therefore, we can safely conclude that Blitzbrokers 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 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. Blitzbrokers also clearly state on their platform that Your capital is at risk.

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

Try creating two accounts when you are working with Blitzbrokers. 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 Blitzbrokers

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 Blitzbrokers as a Company Compare Against Other Brokers

Broker blitzbrokers eToro IC Markets XTB
Year Established 1982 2006 2007 2002
Head Office Hong Kong Cyprus, UK Australia Poland
Regulation Securities and Futures Commission (SFC) 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+ Blitzbrokers 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 Blitzbrokers 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.

Blitzbrokers review
Blitzbrokers Pros and Cons

What we like about Blitzbrokers

  • Used by over 10,000 Blitzbrokers users and traders
  • Established in 1982
  • Regulated by Securities and Futures Commission (SFC)
  • Min. deposit from $1

What we don't like about Blitzbrokers

Blitzbrokers review
Blitzbrokers Regulation and Licensing in more detail

We have checked and Blitzbrokers is regulated and supervised by reputable organisations. You are able to check every Blitzbrokers supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Blitzbrokers. 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 Blitzbrokers traders and provide a safe trading environment.

Blitzbrokers 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 Blitzbrokers you should be sure they're legitimate online agent.

Blitzbrokers review
Is Blitzbrokers Global?

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

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

Blitzbrokers review
Blitzbrokers Fees Explained

  • Blitzbrokers withdrawal fees varies on payment method
  • Blitzbrokers does charge a fee for inactive accounts.
  • Blitzbrokers 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 Blitzbrokers Fees Compare Against Other Brokers

Broker blitzbrokers eToro IC Markets XTB
Min Deposit 1 200 200 0
Withdrawal Fees $3 Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

Blitzbrokers review
Blitzbrokers Minimum Deposit

Blitzbrokers require a minimum desposit of 1 GBP/USD when opening an Blitzbrokers trading account.

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

Dont be scared off by brokers like Blitzbrokers 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.

Blitzbrokers review
Blitzbrokers Withdrawal Fees

Blitzbrokers 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.

Blitzbrokers for example allow you to withdraw your funds to Skrill, Neteller.

Blitzbrokers review
Blitzbrokers Inactivity Fees

Blitzbrokers 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.

Blitzbrokers review
Blitzbrokers Desposit Fees

Blitzbrokers 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.

Blitzbrokers review
Blitzbrokers Commission Fees

Blitzbrokers 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.

Blitzbrokers review
What can you trade with Blitzbrokers?

Be aware that Different entities under Blitzbrokers 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 Blitzbrokers over 59 instruments infact.

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

Compare Blitzbrokers with eToro and IC Markets below.

Your capital is at risk

How Blitzbrokers Trading Options Compare Against Other Brokers

Broker blitzbrokers eToro IC Markets XTB
Instruments Available 59 2000 232 4000
Platforms Desktop,WEB,Android 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 No 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 Yes Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Blitzbrokers
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.

Blitzbrokers review
Trading on Blitzbrokers web platforms and other applications

Blitzbrokers offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

Blitzbrokers 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 Blitzbrokers's platforms

Blitzbrokers review
Is the Blitzbrokers Trading Platform Secure?

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

Blitzbrokers review
Blitzbrokers Trading Platform Options

Blitzbrokers does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Blitzbrokers offer an their own custom trading platform developed and tested in house. The Blitzbrokers trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. The Blitzbrokers platform allows traders to filter the financial marketplace for trade opportunities that match a criteria. With Blitzbrokers you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Blitzbrokers platform including news and quotes. Discover possible trades with the strong charting tools found with Blitzbrokers. Blitzbrokers is available as downloadable applications or online through the cloud. Monitor your orders with Blitzbrokers and receive breaking news in your positions.

Blitzbrokers Trading benefits :

  • Allows scalping
  • Offers STP
  • Low min deposit

Blitzbrokers Trading Accounts Offered :

  • Demo account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

Can I try Blitzbrokers before I buy?

Blitzbrokers 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

Blitzbrokers withdrawal and funding methods.

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

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

Blitzbrokers Payment Methods

  • Blitzbrokers accepts Skrill
  • Blitzbrokers accepts Neteller
Broker blitzbrokers eToro IC Markets XTB
Bank transfer No Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes Yes Yes

How can I start trading with Blitzbrokers?

When opening a trading account with Blitzbrokers, 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 Blitzbrokers trading platforms here.

Your capital is at risk

Performing trades with Blitzbrokers

Blitzbrokers allow you to execute a minimum of trade of $0.00000114/0.01 LOTS. This may vary depending on the account you open. Blitzbrokers allow you to execute a maxium trade of varies. As Blitzbrokers offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

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

Education resources at Blitzbrokers

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

Blitzbrokers 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 Blitzbrokers.

Take time to look around the Blitzbrokers 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 Blitzbrokers

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

Blitzbrokers have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Blitzbrokers 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 Blitzbrokers

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

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

Email Support at Blitzbrokers

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

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

Phone Support at Blitzbrokers

Blitzbrokers does not offer Phone Support.

See how Blitzbrokers Support Compares Against Other Brokers

Broker blitzbrokers 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 Blitzbrokers 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 Blitzbrokers

As Blitzbrokers is regulated by Securities and Futures Commission (SFC), 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 Blitzbrokers 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 Blitzbrokers'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 Blitzbrokers you can visit the Blitzbrokers 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://www.blitzbrokers.com/ on November 28, 2020.

Blitzbrokers review
Is Blitzbrokers A Good Broker?

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

  • Blitzbrokers have a good track record of offering Forex trading.
  • Blitzbrokers has a history of over 38 years.
  • Blitzbrokers has a reasonable sized customer support of at least 10.
  • Blitzbrokers are regulated by Securities and Futures Commission (SFC). This means Blitzbrokers 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.
  • Blitzbrokers have regulation from a Tier 1 reputable country.
  • Blitzbrokers has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Blitzbrokers have an international presence in multiple countries. This includes local Blitzbrokers seminars and training.
  • Blitzbrokers are able to hire people from various locations in the world who can better communicate in your local language.

Blitzbrokers Risk Disclaimer

Your capital is at risk

Blitzbrokers review
Blitzbrokers not quite right?

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

Click here to view the best Blitzbrokers Alternatives

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

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

Blitzbrokers review
Related Blitzbrokers Vs Comparisons

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

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

Blitzbrokers review
BLITZBROKERS Frequently Asked Questions

Can I try Blitzbrokers before I buy?

Blitzbrokers offer a demo account so you can try the Blitzbrokers platform before you put down a payment. Learn more here

What funding methods do Blitzbrokers accept?

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

Blitzbrokers offer the following funding payment methods Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is Blitzbrokers safe?

Blitzbrokers are considered safe as they are regulated by and checked for conduct by the Securities and Futures Commission (SFC). Any payments funded to Blitzbrokers accounts by traders are held in a segregated bank account. For added security Blitzbrokers use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Blitzbrokers trading good?

Blitzbrokers is considered good and reputable to trade with Blitzbrokers. Blitzbrokers is used by over 10000 active traders and Blitzbrokers users. Blitzbrokers offers Forex trading. Minimum deposit with Blitzbrokers is 1.

Is Blitzbrokers trading Legit?

Blitzbrokers was founded in Hong Kong in 1982. Blitzbrokers has been facilitating trade on the financial markets for over 38 years. Blitzbrokers offers clients Forex trading. All funds deposited to Blitzbrokers are held in segregated tier 1 bank accounts for security. Blitzbrokers is regulated by Securities and Futures Commission (SFC) so can be considered legit.

Is Blitzbrokers a good broker?

Blitzbrokers is overseen by the top tier financial regulators Securities and Futures Commission (SFC) so can be considered a good broker. Blitzbrokers allows Forex trading.

Is Blitzbrokers trustworthy broker?

Blitzbrokers can be considered trustworthy. All money funded to Blitzbrokers is placed into a segregated tier 1 bank account. this means your money in not held by Blitzbrokers directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Blitzbrokers is regulated by Securities and Futures Commission (SFC).

What is the minimum deposit for Blitzbrokers?

The minimum deposit to trade with Blitzbrokers is 1.

How long do Blitzbrokers withdrawals take?

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

Is Blitzbrokers regulated?

Blitzbrokers is regulated by Securities and Futures Commission (SFC).

Is Blitzbrokers a market maker?

Blitzbrokers is a market maker. Stocks, currency and other commodities and instruments will be purchased by Blitzbrokers even if no buyer is lined up.

How can I start trading with Blitzbrokers?

When opening a trading account with Blitzbrokers, 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 Blitzbrokers trading platforms here.

Is my money safe with Blitzbrokers?

Blitzbrokers is regulated by Securities and Futures Commission (SFC). One of the most important criteria for traders when choosing a broker like Blitzbrokers 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 Blitzbrokers, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Blitzbrokers a con?

Blitzbrokers is regulated and well established having been in business for over 38 years. Blitzbrokers is definitely not a con.

Can you make money with Blitzbrokers?

Although traders have had great success with Blitzbrokers. Trading on the financial markets with Blitzbrokers 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 Blitzbrokers have fees?

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

When was Blitzbrokers founded?

Blitzbrokers was founded in 1982.

How many people use Blitzbrokers?

Blitzbrokers is used by over 10000 registered Blitzbrokers users.

What is Blitzbrokers Headquarters country?

Blitzbrokers has its head quarters office in Hong Kong.

Does Blitzbrokers offer negative balance protection?

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

Does Blitzbrokers offer guaranteed stop loss?

Blitzbrokers 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 Blitzbrokers allow scalping?

Blitzbrokers offers scalping.

Does Blitzbrokers allow hedging?

Blitzbrokers does not offer hedging.

Does Blitzbrokers offer CFD trading?

Blitzbrokers does not offer CFD trading.

Does Blitzbrokers offer STP?

Blitzbrokers offers STP trading.

How many people use Blitzbrokers?

Blitzbrokers is used by over 10000 Blitzbrokers users and traders.

Is Blitzbrokers an ECN broker?

Blitzbrokers offers ECN trading.

Does Blitzbrokers offer a demo account?

Blitzbrokers offers a demo account.

Does Blitzbrokers offer an Islamic account?

Blitzbrokers offers a Islamic accounts.

What are the funding methods for Blitzbrokers?

Blitzbrokers accept the following funding methods : Skrill, Neteller.

Blitzbrokers review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Blitzbrokers 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.

Blitzbrokers review written by Mark Hansen of Comparebrokers.co