1-800-26-7262
info@FXKNOWS.com
Home
-
Broker
Bitfargo
Unregulated
Comment
Share

Bitfargo

Saint Vincent and the Grenadines
Not disclosed
2
1.48
Rating Index
Software
4
Licensed
0
Risk Control
0
Experience
6.78
Institution
0
Industry Classification
D
Unqualified
Trading Platforms
Proprietary platform

Basic Information

  • Registered Region
    Saint Vincent and the Grenadines
  • Operation Status
    Normal
  • Operating Period
    Not disclosed
  • Deposit Methods
    Bitcoin, wire transfer
  • Website
  • Market Type
    Foreign exchange
  • Support Languges
  • Main Business
    FX, cryptocurrencies, stocks, commodities, indices
  • Business Type
    Financial services
  • Social Media
  • Contact Details
  • Type of Accounts
    Basic, Gold, Platinum
  • Trading Platforms
    Proprietary platform
  • Withdraw Methods
    Credit cards, bank wire transfers
  • Auto Trading
    Not disclosed

Pros and Cons

Pros: Offers a variety of account types tailored to different investment levels. Features a web-based trading platform that is accessible to clients. Cons: Unregulated status raises significant concerns; high minimum deposit requirements; unclear withdrawal methods and trading fees.

Company Background

Bitfargo is an emerging broker registered in Saint Vincent and the Grenadines. It primarily focuses on cryptocurrency trading along with traditional financial instruments like Forex, commodities, and stocks. However, it lacks transparent regulatory oversight, which raises concerns about its credibility and investor protection.

Fund Security

As Bitfargo operates without valid forex regulation, the safety of client funds is uncertain. The company does not provide information about fund protection measures or compensation schemes, which is critical for potential investors evaluating risk.

Account Opening

The broker offers three account types: Basic with a minimum deposit of $10,000, Gold at $50,000, and Platinum requiring $250,000. The onboarding process is not detailed on the website, contributing to concerns about its transparency.

Trading Fees

The platform reportedly features high spreads, starting from 2.0 pips for major currency pairs like EUR/USD. Specific commission structures are not provided, leaving potential clients with insufficient information regarding overall trading costs.

Trading Instruments

Bitfargo provides access to various financial instruments, including Forex (FX), cryptocurrencies (such as Bitcoin), commodities, stocks, and indices, giving clients a comprehensive trading experience.

Trading Technology

Bitfargo employs a proprietary web-based trading platform, which is designed to support a range of trading tools. However, the lack of common platforms like MT4 or MT5 may deter some traders accustomed to these systems.

Research and Education

Currently, there is no information available regarding research resources or educational materials provided by Bitfargo, which limits its support for traders seeking to enhance their knowledge or trading strategies.

Customer Support

Customer support can be reached via a designated phone number and email. However, there is no indication of live chat or other instant support options, which may affect user experience. Response times and support quality are also unverified.
0    Comments
Share:
Share your thoughts   Showing 6 of 0 reviews
Leave a Comment
You can fill in your answer in the dialog box below.
Submit
Licenses
Frequently Asked Questions

You can learn more about us faster and better through our FAQs, and find the answers you need below.

Rating Instructions
Rating Index
Bitfargo
Bitfargo
Unregulated
Legal Environment
4
License Value
0
Risk Management
0
Investor Protection
6.78
Regulatory Policy
0
  • Software

    Evaluates the regulator's legal foundation, organizational structure, leadership experience, and enforcement capacity. Focuses on whether it enforces strict regulations, maintains transparency and fairness, and engages in international cooperation and technological supervision.

  • Institution

    Analyzes the regulator's policy framework, decision-making process, and enforcement transparency, including rule-making, internal control, and policy implementation effectiveness.

  • Licensed

    Assesses the market value of the licenses issued by the regulator, including entry thresholds, compliance costs, approval duration, and overall global recognition and influence.

  • Risk Control

    Evaluates the regulator's financial stability and risk management capacity, including budgeting, reserves, revenues, expenditures, and ability to respond to market or financial shocks.

  • Investor Protection

    Examines the regulator's complaint-handling and investor protection systems, assessing fairness, responsiveness, and enforcement effectiveness in safeguarding investor rights.

--

--

  • Is Shared
    --
  • Regulatory Country/Region
    --
  • Regulatory Number
    --
  • Licensed Documents
    --
  • Current Status
    --
  • License Type
    --
  • Licensed Institution Email
    --
  • Licensed Entity
    --
  • Licensed Institution Website
    --
  • Licensed Institution Address
    --
Share link copied, ready to paste and use!
Select Country/Region
English

You are visiting the FXKNOWS website. FXKNOWS Internet and its mobile products are an enterprise information searching tool for global users. When using FXKNOWS products, users should

consciously abide by the relevant laws and regulations of the country and region where they are located.

License or other information error corrections, please send the information to:info@FXKNOWS.com

Cooperation:info@FXKNOWS.com

Copyright © 2025 FXKNOWS All Rights Reserved
Powered by Globalsir
Broker Ranking List

The Database of FXKNOWS comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. FXKNOWS doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. FXKNOWS will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by FXKNOWS are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

Special Note, the content of the FXKNOWS site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with FXKNOWS, the client should bear full responsibility for their consequences.

登录成功
Log in
Code login
Password login
Get Code
Login
Login
Login means you agree Term of service、Privacy Policy

Registration is automatically completed as successful first login.

Name can't be empty
Email error!
Message can't be empty
code