Bitmart Expo is a European financial services technology company founded in 2019 with the belief that the development of the Internet will open up investment markets for everyone. And what we are now evidencing proves the broker is right. In just three years, Bitmart Expo has solicited tens of thousands of active traders to its platform. The daily turnover of the broker platform is more than 150 million US dollars. The company serves customers from about 70 countries, therefore, the technical support speaks 9 languages (https://solarcoin.ru/otzyvy/forex_brokers/bitmart-expo-otzyvy-mozhno-doveryat-dengi-brokeru/).

Safety (investor protection)

Bitmart Expo, as a highly regulated broker, is a potentially safe trading platform as its every move and action is strictly monitored for compliance with operational rules. The activity of Bitmart Expo is legal, the broker is licensed by three financial regulators.

The main regulator is CySEC (Cyprus), license number — 695/42.

Other regulators:

l  International Financial Services Commission (IFSC);

l  Financial Services Commission of the Republic of Mauritius.

Bitmart Expo is sanctioned by various government agencies due to its global presence and coverage of multiple jurisdictions. It successfully operates in the European and Asian markets that means that it is regulated and authorized by each of the authorized specific agencies that control the financial intermediary business. Indeed, the requirements in each jurisdiction are slightly different, but in general, all supervisory authorities adhere to the same goal: customer protection and transparency of the market offer.

In accordance with the rules, all the client funds are kept in accounts in first-tier banks and are completely separated from the company’s funds. The broker provides negative balance protection.

Bitmart Expo benefits and drawbacks

Bitmart Expo is a trusted European broker with the management with extensive experience in dealing with financial markets, an excellent reputation and transparent rules. The minimum deposit requirements are reasonable and the education section is one of the best in the industry, making Bitmart Expo a great choice for beginner traders. The broker provides a range of trading instruments with tight spreads and proprietary software.

On the other hand, there is no demo account on the Bitmart Expo platform. The second drawback can be considered a 2% commission fee for any non-trading transaction (deposit replenishment / profit withdrawal).

Leverage

The Bitmart Expo platform supports margin trading that means that a trader may trade positions that exceed the balance of its account. The benefit of margin trading is the ability to earn with minimal investment, that is, to secure potentially a large profit relative to the amount invested. However, if the forecast is incorrect, losses also increase. Using leverage comes with risks.

The maximum allowed leverage is determined by the regulators in each geographic region. The platform limits the leverage to a ratio of 100:1.

User account types and account opening

Bitmart Expo has developed five account types that offer fairly competitive trading conditions without a dealing center model. The broker provided an opportunity for traders with different starting capital and different needs to participate in the investment process. Moreover, institutional and high-level professionals get individual conditions and additional services.

Opening an account on the Bitmart Expo online platform is quite simple and fast. To do this, you need to take just a couple of steps:

l  Submit an application for opening an account (fill out the questionnaire, providing the relevant information).

l  Select account type and transfer deposit.

After fulfilling all the formal requirements, you can start trading.

Trading charges

Bitmart Expo allows you to trade over 150 instruments, including currency pairs, commodities, indices, oil, cryptocurrencies and metals, with a minimum deposit requirement of $250 and a trade size of 0.01 lot. The commission fee for a traded lot is $5. The complete fee structure is shown in the table.

Spreads

The Bitmart Expo spread is calculated through its own online platform connected to numerous liquidity providers, who have access to the most accurate currency and CFD exchange rates. The average spread for EUR/USD is 1.0 pips that is a very competitive price.

In addition to current quotes, the platform displays information about the historical spread for a particular asset or instrument. This is useful for understanding how the spread is affected by market volatility.

Offers for deposits and withdrawals

The issue of money transfers to and from a trading account is implemented in different ways, depending on the trader place of residence. Different jurisdictions, due to taxes and laws, allow specific payment methods, while some methods may not be allowed to be used.

Deposit options

In Europe, Bitmart Expo supports several deposit methods:

• VISA / MASTERCARD bank cards;
• SEPA system;
• Bitcoin cryptocurrency.

All the methods of replenishment are absolutely legal and do not require additional inspections by the tax authorities.

Withdrawal

As with deposits, withdrawal options vary depending on the location of the trader. In Europe, most transactions are made via wire transfer or credit cards with a 2% withdrawal fee. The money is credited to the trader’s account within 1-3 business days.

How to withdraw money from the Bitmart Expo platform?

Investment capital is managed through the online account area, where you can create a withdrawal request following step-by-step instructions. Commission fee reports and account history are also available here.

Trading platforms

Bitmart Expo’s technology and software offering aims to protect the client and their transactions. The software supports tight spreads and flexible price chart settings.

The software is the broker’s own development. Traders benefit from a new proprietary order execution engine that guarantees transaction execution in milliseconds.

Customer service

Bitmart Expo customer service provides technical and operational support 24/5.

You may contact technical support in the following ways:

l  by phone number specified on the site;

l  by e-mail;

l  in online chat;

l  through representative office visit.

Communication channels are available both on the Bitmart Expo website and in your account in the Support section.

Education

The broker provides its clients with educational resources and webinars, developed taking into account the level of knowledge and experience of learners — from basic to expert.

Beginners learn to use the full range of trading instruments, including analytical reports and advanced charts based on TradingView, an economic calendar, a trader’s calculator, and other important research instruments that are very useful for a successful trading experience.

Conclusions

All in all, Bitmart Expo has very attractive features such as pricing transparency, technical optimization, and many research instruments. Thanks to this, the broker has gained high customer confidence and popularity in the investment community. And the fact that the company works closely with global liquidity providers for sure adds another advantage to Bitmart Expo. This broker definitely deserves attention.