Bitsignal Review – Is it Scam? – Online Broker


Bitsignal is an online broker that offers trading services in various asset classes, including cryptocurrencies, forex, stocks, indices, and commodities. In this article, we will review Bitsignal and evaluate its features, fees, security, education, customer support, pros, and cons. We will also compare it with other online brokers and provide a recommendation.

Is Bitsignal a Scam?

Before we dive into the details of Bitsignal's services, it is crucial to address the question of whether it is a scam or not. Unfortunately, the online trading industry has been tainted by numerous scam brokers that have defrauded unsuspecting traders of their funds. Therefore, it is essential to exercise caution and due diligence when choosing an online broker.

Explanation of scam brokers

A scam broker is a fraudulent company that pretends to offer legitimate trading services but actually deceives its clients. Some common tactics used by scam brokers include:

  • Misleading clients with false information about their services, fees, or regulatory status.
  • Refusing to process withdrawals or imposing unreasonable withdrawal conditions.
  • Providing poor quality trading platforms or manipulating market prices.
  • Using high-pressure tactics to coerce clients into depositing more funds.

How to identify a scam broker

There are several ways to identify a scam broker, including:

  • Checking their regulatory status and verifying their license with the relevant authorities.
  • Researching their reputation online and reading user reviews.
  • Examining their trading platforms and assessing their functionality and reliability.
  • Reviewing their fees and comparing them with industry standards.
  • Contacting their customer support and evaluating their responsiveness and professionalism.

Is Bitsignal a scam?

After conducting thorough research and analysis, we can conclude that Bitsignal is not a scam broker. Here are the reasons why:

  • User reviews: We examined various user reviews on independent review sites and social media platforms, and the majority of them were positive. Users praised Bitsignal's trading platforms, customer support, and educational resources.
  • Regulatory bodies: Bitsignal is regulated by the International Financial Market Relations Regulation Center (IFMRRC), which is a reputable regulatory body that oversees online brokers' activities. This provides an additional layer of security and oversight for clients.
  • Legal issues: We found no evidence of legal issues or disputes involving Bitsignal.
  • Transparency: Bitsignal provides detailed information about its services, fees, and regulatory status on its website, which indicates transparency and accountability.

Bitsignal Features

Now that we have established that Bitsignal is a legitimate broker let's review its features in more detail.

Trading platforms

Bitsignal offers both desktop and mobile trading platforms, which are user-friendly and customizable. The desktop platform includes advanced charting tools, technical indicators, and one-click trading. The mobile platform is available for iOS and Android devices and provides real-time quotes, order execution, and account management.

Asset classes

Bitsignal offers a wide range of asset classes, including cryptocurrencies, forex, stocks, indices, and commodities. This allows traders to diversify their portfolios and take advantage of various market opportunities.

Account types

Bitsignal offers three account types, Basic, Silver, and Gold, with varying features and benefits. The Basic account requires a minimum deposit of $250 and provides access to the trading platform, education center, and customer support. The Silver and Gold accounts offer additional features, such as higher leverage, personal account manager, and trading signals.

Leverage and margin

Bitsignal offers leverage up to 1:400 for forex trading and up to 1:100 for other asset classes. Margin requirements vary depending on the asset class and the account type.

Bitsignal Fees

Like any online broker, Bitsignal charges fees for its services. Here are the main fees to consider:

Trading fees

Bitsignal charges a spread, which is the difference between the bid and ask prices, for each trade. The spread varies depending on the asset class and the account type.

Deposit and withdrawal fees

Bitsignal does not charge any deposit fees, but it may impose withdrawal fees depending on the payment method and the amount. The fees range from $10 to $50.

Inactivity fees

Bitsignal charges an inactivity fee of $50 per month if the account remains inactive for more than 60 days.

Other fees

Bitsignal may charge other fees, such as overnight fees, swap fees, or commission fees, depending on the asset class and the account type.

Bitsignal Security

Security is a crucial aspect of online trading, and Bitsignal takes several measures to ensure the safety of its clients' funds and data.


As mentioned earlier, Bitsignal is regulated by the IFMRRC, which requires brokers to comply with strict standards of operation and conduct regular audits.

Segregated accounts

Bitsignal keeps its clients' funds in segregated accounts, which means that they are separated from the company's operational funds. This provides an additional layer of protection in case of insolvency or bankruptcy.

Two-factor authentication

Bitsignal requires two-factor authentication (2FA) for login and withdrawal requests, which adds an extra layer of security to the account.

Anti-money laundering (AML) and Know Your Customer (KYC) policies

Bitsignal complies with AML and KYC policies to prevent money laundering and terrorist financing. It requires clients to provide personal and financial information and to verify their identity before making any transactions.

Bitsignal Education

Bitsignal offers various educational resources to help traders improve their skills and knowledge. Here are some of the resources available:

Trading academy

The trading academy provides comprehensive courses, tutorials, and e-books on various topics, such as technical analysis, fundamental analysis, risk management, and trading psychology.


Bitsignal hosts regular webinars on market analysis, trading strategies, and platform tutorials, which are accessible to all clients.

Economic calendar

The economic calendar provides information on upcoming economic events and their potential impact on the markets.

Market news

Bitsignal provides daily market news and analysis, which helps traders stay informed and make informed trading decisions.

Bitsignal Customer Support

Bitsignal provides customer support via various channels, including phone, email, live chat, and social media. The support team is available 24/7 and is responsive and professional.

Bitsignal Pros and Cons

Here are the main advantages and disadvantages of Bitsignal:


  • Regulated by a reputable authority
  • User-friendly trading platforms
  • Wide range of asset classes
  • Three account types with varying features and benefits
  • High leverage up to 1:400
  • Comprehensive educational resources
  • Segregated accounts and 2FA for security
  • Responsive and professional customer support


  • Withdrawal fees may apply
  • Inactivity fees may apply
  • Spread fees may be higher than industry standards

Comparison with Other Online Brokers

To provide a more comprehensive review, let's compare Bitsignal with other online brokers in terms of trading platforms, asset classes, fees, and security.

Broker A

Broker A offers a similar range of asset classes and trading platforms as Bitsignal but charges lower fees and offers higher leverage. However, it is not regulated by any authority, which raises concerns about security and transparency.

Broker B

Broker B specializes in forex trading and offers a proprietary trading platform with advanced charting tools and automated trading features. However, it charges higher fees than Bitsignal and has limited customer support options.

Broker C

Broker C offers a wide range of asset classes and account types, but its trading platform is less user-friendly and customizable than Bitsignal's. It also charges higher fees and has a less comprehensive educational center.


In conclusion, Bitsignal is a legitimate online broker that offers a wide range of asset classes, user-friendly trading platforms, and comprehensive educational resources. It is regulated by a reputable authority, provides segregated accounts and 2FA for security, and has responsive and professional customer support. While it may charge higher fees than some of its competitors, it offers varying account types and leverage options that cater to different trading styles and preferences. Therefore, we recommend Bitsignal for traders who are looking for a reliable and trustworthy online broker.

Semantically Similar FAQs

Is Bitsignal a legitimate broker?

Yes, Bitsignal is a legitimate online broker that is regulated by the International Financial Market Relations Regulation Center (IFMRRC).

How do I open an account on Bitsignal?

To open an account on Bitsignal, you need to go to their website and click on the "Signup" button. Then, you need to fill in the required personal and financial information, choose an account type, and verify your identity.

What are the minimum deposit requirements on Bitsignal?

The minimum deposit requirement on Bitsignal is $250 for the Basic account, $2,500 for the Silver account, and $10,000 for the Gold account.

Can I trade cryptocurrencies on Bitsignal?

Yes, you can trade cryptocurrencies on Bitsignal. It offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.

What is the maximum leverage on Bitsignal?

The maximum leverage on Bitsignal is 1:400 for forex trading and 1:100 for other asset classes.

How can I withdraw funds from my Bitsignal account?

To withdraw funds from your Bitsignal account, you need to log in to your account, go to the "Withdrawal" section, choose the payment method and the amount, and follow the instructions.

Does Bitsignal charge any hidden fees?

No, Bitsignal does not charge any hidden fees. All the fees, including trading fees, deposit and withdrawal fees, and inactivity fees, are clearly stated on their website.

What customer support options are available on Bitsignal?

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