Blitzbrokers Guide – Read our In-Depth Blitzbrokers Review
This Blitzbrokers review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Blitzbrokers review does not apply to US users.
If you're a new entrant in the world of trading and broker, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You'll acquire adept at all the concepts of brokerage since you keep trading. For starters, you need to choose the ideal agent who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program will create hefty returns. Blitzbrokers is one such stage that will take you and your investment to great heights. It is crucial to understand all about Blitzbrokers before you trust them with your money.
Our full Blitzbrokers Review covers all you will need to know about trading with Blitzbrokers. A fantastic broker can multiply your first investments and provide you favorable profits. If you want to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There is no sure-fire way to guarantee profits; thus, you should carefully assess your broker before you select them. It is a frequent misconception that all agents are the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
Blitzbrokers is a broker which has forged its way successfully to the broker world. In this review, we've attempted to collate some of the vital aspects of Blitzbrokers. This review will allow you to understand whether Blitzbrokers is a good match for your investments or not. We have tried to breakdown all the features and charges for your convenience.
Blitzbrokers Review, Table Of Contents
- Who are Blitzbrokers?
- Benefits Of Trading With Blitzbrokers
- Everything you should know about trading with Blitzbrokers
- Is Blitzbrokers Safe To Trade With?
- Pro's & Con's Of Trading With Blitzbrokers?
- Compare Brokers Similar To Blitzbrokers
- Regulation And Licencing In More Detail
- Blitzbrokers Awards
- Minimum Deposit Required For A Live Account With Blitzbrokers
- Blitzbrokers Commission And Fees Explained
- Compare broker fees against Blitzbrokers
- Blitzbrokers Withdrawal Fees Explained
- Blitzbrokers Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Blitzbrokers?
- Alternatives To Blitzbrokers
- Frequently Asked Questions About Blitzbrokers
Who are Blitzbrokers?
Blitzbrokers is a foreign exchange broker headquartered in Hong Kong and provides a range of instruments for trading. Since its inception in 1982, Blitzbrokers has emerged as a top-tier player in the field of online brokerage. Blitzbrokers includes a highly aggressive and full-featured trading site that's focused on forex, indices, metals, stocks and commodities.
Over the past 39 years, Blitzbrokers has grown into one of the leading online brokers.
After launching in 1982, their customer base is becoming as big as 10,000+ clients.
Blitzbrokers is a favorite for many dealers.. Our Blitzbrokers review discovered that they're an superb choice for automated trading solutions. They're most appropriate for investors that are searching for an assortment of assets. Social and automated trading options are the core at Blitzbrokers.
Technology plays a significant role in Blitzbrokers. Blitzbrokers features trading on Desktop,WEB,Android. Blitzbrokers is fair, transparent, and also a well-regulated agent by the Securities and Futures Commission (SFC). Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also provide in-house research.
The educational department at Blitzbrokers is very insightful for new traders since it allows them to get a closer look in the financial markets. Blitzbrokers caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.
If you feel that Blitzbrokers is not right for you then at the bottom of this Blitzbrokers review you wil find a lot of alternatives to Blitzbrokers.
What you ought to know about trading with Blitzbrokers
Blitzbrokers is a lively platform that provides various methods of online trading. These tools cover the financial markets substantially. The Majority of the brokerage platforms provide fewer methods than Blitzbrokers
If you would like to trade with Blitzbrokers, you'll need a minimum deposit of $1. This deposit is mandatory if you wish to begin trading using Blitzbrokers. This 2021 Blitzbrokers review will guide you easily about trading with them.
Blitzbrokers is as versatile as any other brokerage platform. Blitzbrokers is great for traders who want a manageable range of cheap services. The programs provided by Blitzbrokers are third-party, white-label offerings. All traders can choose out of Desktop,WEB,Android.
Together with everything, Blitzbrokers has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade has to be kept available. The agents provide premium client service that rewards clients with benefits.
Many unethical brokers try to pressurise users into bigger funding for premium services. Blitzbrokers, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the further benefits will come along.
Blitzbrokers accounts are available globally and provides quality service everywhere they have clients. There are a few countries where Blitzbrokers accounts are not available. Traders in the following countries cannot open or use a Blitzbrokers account:
Is Blitzbrokers Safe To Trade With?
Launched in 1982, Blitzbrokers has been in operation for 39 years, they have a head office in Hong Kong.
Blitzbrokers is regulated by Securities and Futures Commission (SFC). These bodies have rules that ensure that trading platforms have measures in place to maintain investor's assets secured. This usually means that Blitzbrokers users do not need to worry about their money since it's segregated and safely kept in established banks. SSL encryption secures every user's private information also.
You can make use of an option for 2 Factor Authentications (2FA) with Blitzbrokers for increased safety. An SMS with the verification code will be sent to your mobile phone. You'll be asked to input this code to log in to your accounts.
Another concern with financial brokers with respect to security might be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is more widespread in the case of Market Maker agents who compete with customers on the platform.
Pro's & Con's Of Trading With Blitzbrokers
Every online trading platform has a few ups and downs, and no Blitzbrokers review would be complete without showing both sides. This Blitzbrokers review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Blitzbrokers is trusted by 10,000+ clients
- Blitzbrokers doesn't charge withdrawal fees
- Blitzbrokers doesn't charge inactivity fees
- Blitzbrokers doesn't charge deposit fees
- Blitzbrokers doesn't charge CFD fees
- Blitzbrokers offer trading on Desktop,WEB,Android
- Blitzbrokers offer 59 trading instruments
- Blitzbrokers trades major forex pairs
- Blitzbrokers can communicate in
- Blitzbrokers does not offer Negative Balance Protection
- Blitzbrokers does not offer Guaranteed Stop Loss
- Blitzbrokers doesn't trade minor forex pairs
- Blitzbrokers doesn't trade exotic forex pairs
- Blitzbrokers doesn't offer trading on cryptocurrencies
Blitzbrokers Review - Compare Brokers Similar To Blitzbrokers
|Blitzbrokers||Exante||Interactive Investor||Evans and Partners|
|Regulated By||Securities and Futures Commission (SFC)||Malta Financial Services Authority (MFSA)||Financial Conduct Authority (FCA)||Unregulated|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Your capital is at risk|
Blitzbrokers Review - Regulation And Licencing In More Detail
Blitzbrokers is regulated by Securities and Futures Commission (SFC).
Blitzbrokers, as a business, has a strong set of rules for ensuring honest trading on its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Blitzbrokers Review - Awards
- At the time of writing this Blitzbrokers review, they had not received any awards.
Blitzbrokers Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Blitzbrokers is $1. This is a decent amount for people just beginning. It's possible to create more advanced deposits as you cooperate. But, make certain you understand how to make the most of your cash before investing in larger amounts.
Blitzbrokers Review - Commission And Fees Explained
Blitzbrokers is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the amount of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such instances, you are paying a spread, funding rate, or a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Financing or overnight prices are people that are billed when you hold a leveraged position for more than a day.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the activities you undertake in your accounts. They are billed for operations like depositing money, not investing for long periods, or withdrawals.
In general, Blitzbrokers doesn't charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who regularly exchange, such as weekly or daily trading.
However, non-trading fees billed by Blitzbrokers are comparatively higher. Consequently, you are charged more for non-trading actions in your trading account, like deposits and withdrawal. These are not related to the sale and purchase of resources.
This Blitzbrokers review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against Blitzbrokers
|Blitzbrokers||Exante||Interactive Investor||Evans and Partners|
|Inactivity Fees||We do not charge an inactivity fee as such, but our standard quarterly fee will be collected regardless of activity on the account.|
Blitzbrokers Review - Withdrawal Fees ExplainedBlitzbrokers doesn't charge withdrawal fees
Withdrawal of money is possible at any time from your Blitzbrokers account. You can withdraw sums up to the sum of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't always have to have any money in your account.
Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn cash will be sent into the card. Blitzbrokers will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're choosing to draw in.
Blitzbrokers Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your head while open an account with Blitzbrokers. An inactivity fee is an amount charged to registered traders that haven't engaged in buying or selling for some time. The period considered inactive is decided by the agent.
The inactivity fee also differs from 1 agent to another and is not standardized. If a dealers account does not have a buying or selling transaction, it is maintained by the agent as an inactivity fee. The traders need to pay this fee under terms and conditions that they had agreed while registering.
Blitzbrokers doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges are indicated by Blitzbrokers, it is better that you close the account if you are inactive. Inactivity fees aren't only charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is subjected to many circumstances and needs to be revealed clearly by the agent beforehand.
Blitzbrokers Review - Deposit Fees Explained
When you move money in your trading account by your bank account, a deposit fee can be billed by the broker. Most agents do not charge an excessive amount of money for this operation.
Blitzbrokers doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Blitzbrokers trading platform is easy. You just have to finish a single-user profile questionnaire to begin depositing money into your trading account. You will need to give an identity evidence and proof of residency to deposit substantial sums.
Blitzbrokers Review - Compare Broker Deposit Methods
|Blitzbrokers||Exante||Interactive Investor||Evans and Partners|
What Can You trade With Blitzbrokers?
Note: Blitzbrokers provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may differ depending on the country of residence of the client.
Blitzbrokers has a wide variety of over 59 instruments available for you to trade with.
If trading currency pairs is of interest to you then Blitzbrokers offer over currency pairs.
Compare Blitzbrokers, Exante, Interactive Investor & Evans and Partners below.
Alternatives To Blitzbrokers
If, after studying this Blitzbrokers review, Blitzbrokers doesn't quite meet your needs check out these Blitzbrokers alternatives.
We have scoured the internet to find the best alternatives to Blitzbrokers. Click on the hyperlinks below to learn more.
Frequently Asked Questions about Blitzbrokers
Can I try Blitzbrokers before I buy?
Yes, you can most certainly try Blitzbrokers before you buy. Blitzbrokers offers demo accounts for the ease of new traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register to get a demonstration account on Blitzbrokers, you may set out using a decent amount of virtual currency. It is to establish a sense of safety and confidence in you until you decide to invest your own money.
With this virtual Blitzbrokersdemo account, you are able to experiment in any way, to whatever period you desire. You might also start positions, test different trading strategies, and more.
Blitzbrokers specifies on its official site which you are able to trade real time stocks in a demo account.
Is Blitzbrokers safe?
You can drop all of your worries since we believe that Blitzbrokers is completely safe to use. It is in compliance with all the principles of Securities and Futures Commission (SFC).
Even so, Blitzbrokers doesn't provide assured stop-loss protection.
Why does Blitzbrokers ask for my passport?
The reason that Blitzbrokers asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Blitzbrokers has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Blitzbrokers must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Blitzbrokers?
The process to start trading withBlitzbrokers is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Blitzbrokers website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Blitzbrokers is $1. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Blitzbrokers.
The best way to kickstart your trading career with Blitzbrokers is to open a demo account facility before risking any real money
What funding methods do Blitzbrokers accept?
There are a number of methods to fund your accounts with Blitzbrokers. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to bear in mind that PayPal isn't available in all place. The currencies Blitzbrokers
Is my money safe with Blitzbrokers?
Yes, your cash is safe and protected with Blitzbrokers. As you already know, Blitzbrokers works with proper conformation to. It has established lots of steps to protect all of its own investors.
Blitzbrokers safeguards its clients' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further protect your accounts, you can empower Two-Step Verification as well. It requires an SMS affirmation for you to access your accounts.
Is Blitzbrokers trading good?
Yes, trading via Blitzbrokers is a nice and good experience indeed. It's an excellent and intuitive platform with helpful features for your ease. In addition, you can even gain access to a huge collection of educational tools and assistive substance to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does Blitzbrokers support?
Blitzbrokers operates across the globe. However, due to regulations there are some countries that Blitzbrokers does not accept clients resident in
Is Blitzbrokers legit?
Blitzbrokers is a legit company headquarted in Hong Kong since 1982. They are regulated by Securities and Futures Commission (SFC). Blitzbrokers is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Blitzbrokers a good broker?
Blitzbrokers is an excellent agent, and its own users may vouch for this. The highlight of this platform is its fast order execution on transactions.
You'll discover the clean layout of the platform and the commendable features a pleasure to work with.
Is Blitzbrokers a trustworthy broker?
Yes, Blitzbrokers is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Blitzbrokers?
The minimum deposit to open a live account with Blitzbrokers is $1
How long do Blitzbrokers withdrawals take?
Normally, withdrawal of money from Blitzbrokers is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Blitzbrokers to show in your bank account.
Are Blitzbrokers regulated?
Blitzbrokers are regulated by Securities and Futures Commission (SFC)
Is Blitzbrokers a market leading broker?
Blitzbrokers is currently among the business leaders. It supports over 10,000+ registered users and over 39 years of expertise on its own record. They are among the world's top trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this status to its incredible platform and wide range of tools plus resources so that you may put money into capital markets.
Is Blitzbrokers a con?
No, Blitzbrokers is not a con. They are regulated by Securities and Futures Commission (SFC) and must adhere to their rules. Thus, it is safe to say that Blitzbrokers is not a scam.
Can you make money with Blitzbrokers?
Through Blitzbrokers, many traders earn a great deal of money. However, typically, through continual trading, you also can make between 2% - 10% profit a month.
This can look to be a small number, but within the entire year, this adds to a significant amount of gains. Even though Blitzbrokers provide you all the tools to earn money, they can't guarantee that you will gain.
Does Blitzbrokers have fees?
Yes. To begin trading with Blitzbrokers, you need to deposit $1. Certain commissions while trading additionally apply. Any processing fees from your bank will have to be incurred by you.
When was Blitzbrokers founded?
Blitzbrokers was founded in 1982 in Hong Kong. Blitzbrokers is regulated by Securities and Futures Commission (SFC).
How many people use Blitzbrokers?
Blitzbrokers is a worldwide recognised broker with 10,000+ customers.
Where is the Blitzbrokers head office?
Blitzbrokers has its head office in Hong Kong
Does Blitzbrokers offer negative balance protection?
No. Blitzbrokers does not provide negative balance protection. If your balance is negative, Blitzbrokers indicates that you contact client services. For this, you are able to correct any imbalances in your account.
Does Blitzbrokers offer guaranteed stop loss?Blitzbrokers regrettably, does not offer guaranteed stop loss. Blitzbrokers gives an opportunity to its dealers to close their trades at their given price. Aside from that, Blitzbrokers doesn't offer guaranteed stop loss.
Does Blitzbrokers allow scalping?Yes, Blitzbrokers do allow scalping. Many traders across the world select Blitzbrokers due to their services that are trading. They offer trading on Desktop,WEB,Android which allow this.
Does Blitzbrokers allow hedging?
Yes, Blitzbrokers does allow hedging.
Can you trade energies with Blitzbrokers?
No, unfortunately you cannot trade energy stock with Blitzbrokers
Can you trade agricultural shares with Blitzbrokers?
No, unfortunately you cannot trade agricultural stock with Blitzbrokers
Can you trade cryptocurrency with Blitzbrokers?
No, unfortunately you cannot trade cryptocurrency with Blitzbrokers
Can you trade metals with Blitzbrokers?
No, unfortunately you cannot trade metals with Blitzbrokers
Can you trade UK Shares with Blitzbrokers?
Yes, you can trade UK shares with Blitzbrokers
Can you trade US Shares with Blitzbrokers?
No, unfortunately you cannot trade US shares with Blitzbrokers
Can you trade Japanese Shares with Blitzbrokers?
No, unfortunately you cannot trade Japanese shares with Blitzbrokers
Can you trade German Shares with Blitzbrokers?
Yes, you can trade German shares with Blitzbrokers
Does Blitzbrokers accept bank transfers?
No, Blitzbrokers does not accept bank transfers.
Does Blitzbrokers accept credit cards?
No, Blitzbrokers does not accept credit cards.
Does Blitzbrokers accept PayPal?
No, Blitzbrokers does not accept PayPal.
Does Blitzbrokers accept Skrill?
No, Blitzbrokers does not accept Skrill.
Does Blitzbrokers accept Payoneer?
No, Blitzbrokers does not accept Payoneer.
Does Blitzbrokers accept Neteller?
No, Blitzbrokers does not accept Neteller.
Does Blitzbrokers offer Live Chat customer support?
No, Blitzbrokers does not offer customer support through live chat.
Does Blitzbrokers offer phone customer support?
No, Blitzbrokers does not offer customer support over the telephone.
Does Blitzbrokers offer email customer support?
No, Blitzbrokers does not offer customer support through email.
What languages can Blitzbrokers communicate in?
Blitzbrokers has the ability to communicate and support customers who speak:
Does Blitzbrokers have a wikipedia page?
No, Blitzbrokers does not have an official wikipedia page.
Does Blitzbrokers offer demo accounts?
Yes, Blitzbrokers offers demo accounts so you can learn their systems before risking any real money.