The Czech Republic addressed crypto broker BTCBrokerz has as many as 6 different trading accounts. Variable minimum deposit required in terms of BTC and different max leverage is offered on each of them. A web trader trading terminal is offered to facilitate CFDs over the cryptos and other financial instruments. If you got allured by brokers offerings then you must read this BTCBrokerz review first. As trader’s investments posses several risks with this crypto broker.
Six offered different trading accounts are labelled as Micro, Mini, Silver, Gold, Diamond and VIP. These accounts need initial finance of 0.5 BTC, 2 BTC, 10 BTC, 20 BTC, 45 BTC and above 45 BTC respectively. The max leverage starts from 1:20, 1:25, 1:30, 1:35, 1:40 to 1:50 are offered on these 6 accounts. To bring you an unbiased and comprehensive BTCBrokerz review we shall discuss all the possible advantages and disadvantages of it. At first, we shall see all the advantages of it. The leverage levels offered that are mentioned above are very much under controlled considering the volatile nature of crypto coins. Such leverages can make sufficient profit if traded wisely. Also, the broker offers several CFDs other than cryptos like indexes, commodities, sticks as well.
The disadvantages of BTCBrokerz are plenty and will be mentioned in this section. The BTCBrokerz claim to be addressed in Prague, Czech Republic. Being situated in the European Union the broker operational from Prague must be regulated by the local financial regulator of the Czech Republic called the Czech National Bank. This does not case with BTCBrokerz. The broker further asks to install and give admin access to AnyDesk. The AnyDesk is the third party software that allows remote PC to operate your PC. Also, up to 0.5 BTC initial finance is a bit confusing. The legitimate crypto brokers always clear their requirements and offerings. A web trader trading terminal is offered that is good for loss occurring trading is offered by BTCBrokerz. All of this makes BTCBrokerz a potential scam broker. A wise trader will stay away from it.
Is BTCBrokerz scam or legit?
The broker is not trustworthy and we call it a potential scam cryptocurrency broker. A web trader trading platform is present with high initial investments. The broker itself is not regulated and licensed to give trading services. Spreads offered are not mentioned.