Overview of Bitcore Pro
Bitcore Pro, established in 2005 and headquartered in Poland, offers traders a variety of trading instruments through its unregulated platform. With account types catering to different trading needs and leveraging the TickTrader, MetaTrader 4, and MetaTrader 5 trading platforms, Bitcore Pro aims to provide accessible and professional trading services. However, its lack of regulation may pose risks to traders, requiring careful consideration before engaging in trading activities.
Is Bitcore Pro Legit？
Bitcore Pro is not regulated. It's crucial to highlight that Bitcore Pro operates without valid regulation, indicating a lack of oversight from established financial regulatory authorities. Traders should proceed with caution and fully understand the risks associated with trading through an unregulated broker like Bitcore Pro. These risks may include limited options for dispute resolution, potential concerns regarding fund safety and security, and a lack of transparency in the broker's operations. To safeguard their interests, traders are advised to conduct thorough research on a broker's regulatory status before participating in any trading activities, ensuring a more secure and reliable trading experience.
Pros and Cons
Bitcore Pro presents a diverse range of trading instruments and multiple account types, along with the popular MetaTrader 4 and MetaTrader 5 platforms. Additionally, automated Forex trading is available to any Forex trader. However, the absence of regulatory oversight poses potential risks to traders, compounded by unclear information on deposit and withdrawal methods. Furthermore, the lack of educational resources and transparency regarding company policies and procedures may deter traders seeking guidance. Although automated Forex trading is available, traders should exercise caution when considering Bitcore Pro, ensuring thorough research and understanding of the associated risks before engaging in trading activities.
Trading Instruments
Bitcore Pro offers a wide array of trading instruments, including global forex, indices, oil, gold, and cryptocurrency CFDs.
Account Types
Bitcore Pro offers a variety of account types tailored to accommodate the diverse needs of traders.
These accounts include Micro, STP, ECN, and crypto accounts, each equipped with expert advisors for automated trading. The Micro account, starting from just $1, operates on the MT4 platform, ideal for traders looking to start with minimal investment. The STP account, starting from $300 or equivalent, also utilizes MT4 and targets traders seeking access to Straight Through Processing (STP) execution. The ECN account, starting from $500, supports trading on MT4, MT5, and TickTrader, providing traders with Electronic Communication Network (ECN) execution. Additionally, crypto accounts, starting from $10, allow trading cryptocurrencies on the MT4 platform.
Furthermore, Bitcore Pro offers PAMM (Percentage Allocation Management Module) accounts, including PAMM ECN, PAMM STP, and PAMM Crypto Account, which enable traders to invest with experienced Masters who trade within the ECN or STP environment or trade cryptocurrencies against major currencies in the form of CFDs. PAMM ECN, PAMM STP, and PAMM Crypto Account also come equipped with expert advisors, allowing traders to benefit from automated trading strategies while participating in the Percentage Allocation Management Module (PAMM) system.
For novice traders, Bitcore Pro offers a demo account for risk-free practice.
How to Open a Forex Trading Account？
To open a trading account and start trading, you need to open an eWallet a tool for managing your funds and trading accounts in the My Bitcore Pro area, and then follow the steps below:
Log in to your My Bitcore Pro personal area;
Select the type of account you need;
Read and accept important documents;
Fill in the account opening form.
Once the process has been successfully completed, you will see the registration data for your new trading account. To be able to start trading on a Create Account, please add funds to your trading account via any available payment systems in My Bitcore Pro and install MetaTrader or use Web Trader. To get more information about how to add a trading account, please visit this link.
Leverage
The various account types offered by Bitcore Pro come with distinct leverage options tailored to suit traders' preferences and risk management strategies. The ECN, STP, and Micro accounts provide traders with up to 1:500 leverage. However, the Crypto Account maintains a more conservative approach, offering a leverage ratio of 1:3. For those engaging in the Percentage Allocation Management Module (PAMM), the ECN and STP accounts offer leverage of up to 1:100. Similarly, the PAMM Crypto Account maintains a leverage ratio of 1:3.
Spreads and Commissions
Each account type offered by Bitcore Pro is associated with specific commission and spread structures. The ECN Account incurs a commission starting from $1.5 per Standard lot ($100,000) traded, while the STP Account does not charge any commission. Similarly, the Micro Account also does not have commission fees. However, the Crypto Account will charge a commission of 0.5% of the half turn. For PAMM accounts, the PAMM ECN and PAMM STP Accounts incur commissions starting from $1.50 half-turn, which may vary based on equity and traded volume. In contrast, the PAMM Crypto Account applies a commission of 0.5% of the transaction volume, calculated half-turn.
Regarding spreads, all account types at Bitcore Pro utilize floating spreads. The ECN Account, PAMM ECN Account, and PAMM STP Account provide spreads starting from 0 pips. In contrast, the STP Account's spread varies depending on buy/sell orders. Similarly, both the Micro Account and the Crypto Account, along with the PAMM Crypto Account, feature floating market spreads.
Trading Platforms
Bitcore Pro provides its traders with a diverse selection of trading platforms to cater to their individual preferences and needs.
The TickTrader platform stands out as a brand-new addition, offering access to five of the most popular asset classes, including forex, stocks, commodities, indices, and cryptocurrencies, all within a single trading account. Specifically designed for the TickTrader platform is the TickTrader ECN account, facilitating both margin and deliverable trading.
For traders preferring the reliability of MetaTrader, Bitcore Pro offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. MT4, recognized as the leading Forex trading platform, is available for Windows, Mac, and web browsers, ensuring accessibility across various operating systems. Similarly, MT5 retains the familiar user interface of MT4 while introducing new functions tailored to enhance traders' Forex trading experience. However, it's important to note that only ECN trading accounts are currently supported in MetaTrader 5.
Furthermore, Bitcore Pro offers mobile trading terminal versions for iOS and Android devices, allowing traders to access their accounts and execute trades conveniently from their smartphones or tablets.
Trading Tools
Bitcore Pro equips traders with a suite of trading tools designed to enhance their trading experience.
The Universal Calculator is a user-friendly tool that provides instant and precise calculations for commissions, margin, and pip values. By accurately calculating these parameters, traders can refine their trading strategies and mitigate the risk of loss and stop-out. This tool empowers traders to calculate margin and pip values quickly before opening a trade, facilitating informed decision-making. Additionally, the Universal Calculator assists in defining optimal leverage and determining exact commissions on ECN accounts, further aiding traders in managing their trading activities effectively.
For traders seeking speed and efficiency in order placement, Bitcore Pro offers the One Click Trading and Level2 Plugin. With this tool, traders can execute orders at the best available price with a single mouse click, which is particularly valuable in volatile FX markets. Moreover, the Level2 Plugin provides insight into market depth with five levels of liquidity for each currency pair, enabling traders to make well-informed trading decisions based on available volumes.
Bitcore Pro's Currency Exchange Rates feature is beneficial for traders with multi-currency accounts. This tool provides accurate conversion rates when transferring between Bitcore Pro accounts with different base currencies, ensuring transparency and precision in currency exchanges. Additionally, traders can access historical rates for any date of their choice, enabling them to analyze past trends and make informed decisions regarding currency conversions.
Customer Support
For non-clients or those seeking general information about Bitcore Pro, an email address (support@bitcorepro.com) is provided. Additionally, traders can contact Bitcore Pro's customer support team via phone by dialing +447389186877. Bitcore Pro also offers a customer support portal where traders can submit tickets to specific departments for assistance. To access the portal, traders can log in using their email and Bitcore Pro password.
Conclusion
In conclusion, Bitcore Pro offers a diverse range of trading instruments and multiple account types, complemented by the widely utilized MetaTrader 4 and MetaTrader 5 platforms. However, the absence of regulatory oversight presents potential risks, further exacerbated by unclear information on deposit and withdrawal methods. Moreover, the lack of comprehensive educational resources and transparency regarding company policies and procedures may pose challenges for traders seeking guidance. Traders should approach Bitcore Pro with caution, conducting thorough research and comprehending associated risks before participating in trading activities.
FAQs
Q: Is Bitcore Pro regulated？
A: No, Bitcore Pro operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.
Q: What trading instruments are available on Bitcore Pro？
A: Bitcore Pro offers a range of trading instruments, including Forex, Indices, Oil, Gold, Cryptocurrency CFDs, and more.
Q: What account types does Bitcore Pro offer？
A: Bitcore Pro provides various account types, including Demo, Micro, STP, ECN, Crypto, PAMM ECN, PAMM STP, and PAMM Crypto Account, catering to different trading preferences and experience levels.
Q: How can I contact Bitcore Pro's customer support？
A: You can reach Bitcore Pro's customer support primarily through email at support@bitcorepro.com. Additionally, traders can contact Bitcore Pro's customer support team via phone by dialing +447389186877.
Risk Warning
Trading online carries substantial risk, and there's a possibility of losing all your invested capital. It's crucial to understand that online trading may not be suitable for everyone. Please ensure you comprehend the risks involved and note that the details provided in this review could change due to updates in the company's services and policies. Additionally, the review's generation date is also significant, as information may have evolved since then. Hence, it's recommended that readers always verify updated information directly with the company before making any decisions or taking action. The reader bears sole responsibility for the use of the information provided in this review.
2025-03-19 01:48
2024-11-10 10:15