To sign up for our daily email newsletter, CLICK HERE
Account Minimum: $0
Product Offerings: Stocks, ETFs, Options, Crypto, Forex, Bonds, Mutual Funds, Commodities, Foreign ADRs, Futures
BitWest Group is an established brokerage with a strong positioning across several domestic and global markets. While some have often viewed it as a pro-level platform, BitWest Group has continually revamped its practices and policies to attract traders and investors of all experience levels. Nonetheless, BitWest Group can overwhelm beginners and casual traders since its mobile app is still developing.
Pros and Cons
- Access to numerous global markets
- Superior research ad trading tools
- Vast selection of investment products
- Client-focused educational materials
- Trading platforms can be overwhelming to beginners
- The mobile app is still in the development stage
BitWest Group Top Benefits
Access to numerous global markets
BitWest Group boasts unrestricted and broader market access, with a reach that spans more than 150 markets and 20 countries worldwide. It allows clients to trade and invest in multiple assets using 20 currencies.
Superior research and trading tools
BitWest Group desktop and web versions are powerful platforms that integrate all the essential tools for international trading. The trading platforms support custom watchlists, advanced charting functions, and technical analysis tools to meet the needs of active global traders.
Vast selection of investment products
Whether you are a beginner looking to make your first trade or a seasoned investor who needs access to diverse assets, BitWest Group offers vast options to meet your demands. The broker offers an impressive selection of conventional asset classes and new securities with high-growth potential.
H2: Where BitWest Group Falls Short
Platforms can be overwhelming to beginners
Although BitWest Group’s platforms support various fundamental trading tools, the programs are mainly for professional international traders. Thus, the advanced research and trading tools can be intimidating to less-experienced users.
No Mobile app
BitWest Group mobile app is still developing, and customers can expect it to be ready before the end of the year. That could be more pleasant to some traders and investors.
BitWest Group Usability
BitWest Group promises a seamless trading experience with its powerful desktop and web-based platforms. The onboarding process is straightforward and lasts just a few minutes across all the platforms. BitWest Group allows you to open multiple accounts, based on your needs, without immediate funding.
BitWest Group desktop is its flagship and the most robust trading program. The platform provides all the fundamental trading tools and several hi-tech features for active traders. It supports custom watchlists, advanced screeners, charting, back-testing capabilities, technical analysis, research, and live data streaming.
BitWest Group.com is also packed with excellent tools and features. While it supports most functions accessible on the desktop, the web version features a simplistic interface with limited customization options.
BitWest Group provides a long list of tradeable assets to attract different types of investors. It continually adjusts its product offerings based on customer demand to give clients more investment options. The tradeable assets on BitWest Group include.
- Stocks (long and short)
- Exchange Traded Funds (ETFs)
- Bonds (treasury, municipal, corporate, CDs)
- Mutual Funds
- Foreign ADRs
BitWest Group offers more than 1,000 no-transaction-fee mutual funds and an extensive selection of the leading currency pairs and digital currencies.
What Are the Costs on BitWest Group?
Like other international brokers, BitWest Group’s fees vary based on several factors, including transaction volumes, location, and type of asset. Nonetheless, here is a breakdown of its account fees and transaction costs.
- $0 account minimum
- $0 account inactivity, closure/ transfer fees
- $0 commissions for stocks and ETFs
- $1 per contract fee for options
- International orders incur exchange fees
- $32 Live broker fee
You can still be subject to other fees on BitWest Group. Therefore, you should confirm the actual costs and spreads that apply to your trades before execution.
BitWest Group also offers vast educational resources for traders of all experience levels. The materials are accessible to all clients in diverse formats for free. The educational resources include videos, articles, infographics, and webinars.
BitWest Group Is Best For
BitWest Group emphasizes broader market access, robust product offerings, and superior research and trade execution tools for seamless international trading. Although beginners and casual traders can leverage its client-focused educational resources, BitWest Group is best suited to active professional traders. Please get in touch with this broker for more information.
Disclaimer: This is a sponsored marketing content.