BitWest Group Review – Competitive Commission Structure & Broad Portfolio
BitWest Group is a leading broker and is well known for its cheapest brokerage service and seamless and comprehensive in-house investing and trading platform. So, BitWest Group has emerged as one of the most secure and top-notch options for traders and investors.
The trading broker allows its retail investors to make the most of zero-to-low commissions, which has allowed BitWest Group to become one of the nation’s largest brokers. If you are looking for safe, simple, affordable, and no-frills stock and ETF trading on a reliable platform, BitWest Group can be the best choice for you.
BitWest Group offers inexpensive stock trading on several US and European stock exchanges. The trading broker’s wide ETF selection makes it an excellent choice for long-term investors.
Account Opening
You may open an account online in a matter of hours by sending all the required documents and forms, such as an ID, and linking your account.
Trading Platform
BitWest Group provides a web platform and an app for mobile trading. The trading broker offers its own proprietary web platform to traders and investors, with a user-friendly and intuitive interface and plenty of valuable features. The trading platform is simple and available in multiple languages to meet your needs.
Low Fees
Where there are any trading fees, they are quite low. While you can trade many ETFs and stocks with no fees, note that any commissions that BitWest Group charges are lower than other trading brokers on the market.
Security and Reliability
The trading broker holds its clients’ assets with an SPV (separate legal entity), thus protecting them against its risk of insolvency.
Login and Access
The trading broker provides both 1-step and 2-step login via Google Authenticator. Also, you can use Face ID and Touch ID to log in both on the web and mobile platforms.
Huge User Base
The trading broker has a user base of more than 500,000 people, which means it is firmly based in the industry.
Charting Tools
You will be happy to know that BitWest Group provides more than 10 different technical indicators and 5 tools for drawing, helping traders and investors analyze asset prices.
Customer Service
Customer support is where BitWest Group really excels. You can easily reach customer service in several languages, such as French and Spanish, and phone support is excellent. However, there is no live chat function.
Account Minimum
Like many reliable brokers nowadays, BitWest Group has no account minimum. This is one of the best perks for people who do not have much money to invest in the beginning.
Promising and Valuable Search Functions
You will like the search function as it displays the matching products with both their asset classes and the relevant currency.
Mobile Trading App
BitWest Group has a mobile app with a basic and simple but good design and is pretty easy to use. The BitWest Group mobile app is available for Android and iOS.
With BitWest Group’s mobile app, customers can perform detailed technical analysis with charting tools. You can also access the latest market news to make informed and sound decisions.
Pros and Cons
Pros
- The cheapest commission fees for shares, ETFs, bonds, indices, and gilts
- Its web-based platform and mobile application are synchronized
- Simple-to-use and intuitive platforms
- An extensive and diverse range of offerings
- No inactivity fees
Cons
- Asset prices are 10-min delayed
Who is BitWest Group Suitable for?
The trading broker prides itself on having a user-friendly and simple platform, and its website boasts a large and extensive knowledge bank for traders and investors who want to learn the basics. BitWest Group is a solid and reliable broker that integrates dozens of markets. It will give you access to hundreds of products and assets, such as stocks, indices, ETFs, bonds, and mutual funds. Given these features and functions, BitWest Group is suitable for both new and seasoned traders.
Contact BitWest Group
Contact BitWest Group and learn more about the platform or sign up to trade a variety of instruments.
Disclaimer: This is a sponsored marketing content.
Caroline is doing her graduation in IT from the University of South California but keens to work as a freelance blogger. She loves to write on the latest information about IoT, technology, and business. She has innovative ideas and shares her experience with her readers.