iDeal, Trustly, PayPal, Skrill, Neteller
Education Demo account – Learn to trade directly
Conditions 77.0% of retail investors suffer losses when trading CFDs with this provider. It is important to consider whether you can afford the high risk of loss.
Last update Last update: 25 February 2022
Demo account – learn to trade immediately
At Bitcoin System, we encountered a wide range of CFDs on an intuitive and user-friendly website and app. Definitely recommend this broker.
Risk warning: 77% of retail investors suffer losses when trading CFDs with this provider. It is important to consider whether you can afford the high risk of loss.
Bitcoin System review: experience and explanation
Want to start trading at Bitcoin System? Do you want to know if this broker suits your needs? We subjected this broker to an independent broker test and reported on this page.
Further, we detail the free Bitcoin System demo account, risk-free trading at this broker, costs, and the licenses that this broker operates under.
After reading our Bitcoin System review, you will know all you need to know about this online broker.
Get started with a demo account
Getting started with Bitcoin System
What are our Bitcoin System experiences?
Our experience with Bitcoin System has been mostly positive. The broker has a large range of trading instruments. These are presented on a clear website, all in Dutch.
The broker operates with the correct licenses and is fully transparent. If you have any questions, customer service is available 24 hours a day.
You can start trading immediately with no risk. The free Bitcoin System demo account gives you £40,000 of virtual money to try out different strategies with before you start trading with real money. More on the demo account later in this Bitcoin System review.
We did come across a few areas of improvement. For example, the customer service is not manned by Dutch people, and the translate performed by the broker does not always work equally well. We advise you to communicate in English in case of questions.
Another area for improvement is education. While there is an extensive FAQ offered, we miss the opportunity to learn more about online investing using trading tips and courses.
The Benefits of Bitcoin System
Large trading volume
Open and transparent broker
Demo account with €40,000 in virtual money
24/7 customer support
Bitcoin System’s disadvantages
No Education Centre
Customer support in English or google translate
Bitcoin System – a secure and transparent broker
Bitcoin System goes out of its way to make its platform as secure as possible. Below we list for you some of the conditions that this broker meets.
Firstly, the broker is licensed by the FCA. Also, Bitcoin SystemCY Ltd is authorised & regulated by CySEC (#250/14), under registration number 509909, and is registered with the AFM. Two strong financial authorities that regularly monitor the broker. These financial watchdogs ensure there is no chance of a Bitcoin System scam. The FCA’s licence is one of the strongest licences available to brokers.
Secondly, your data and all transactions are protected by SSL technology. This makes it unreadable by third parties. You can actually see that this technology is used. You can see this from the URL that begins with „https:“.
Bitcoin System also has a responsible investment policy. The broker warns investors openly and honestly about the risks of investing and the possibility of losing money. They also offer a free 40,000€ virtual money demo account. With this you can trade risk free and try out all the strategies that are available.
For your convenience, we have summarised the above for you below:
Bitcoin System is a safe and transparent broker because:
They are strongly licensed by the FCA,
Regulated by the CySEC,
Are registered and monitored by the Dutch AFM,
protect your data and transactions with SSL technology,
offer a free demo account with up to €40,000 in virtual money.