Blitzbrokers Guide – Read our In-Depth Blitzbrokers Review
Blitzbrokers Rating: 4.36 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and broker, so many facts will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You'll acquire adept at all the concepts of brokerage since you keep trading. For starters, you need to choose the ideal broker who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program will generate hefty returns. Blitzbrokers is just one such stage that will take you along with your investment into great heights. It is important that you understand all about Blitzbrokers until you trust them with your cash.
Blitzbrokers Review – Quick Summary
Blitzbrokers Telephone Number:
Blitzbrokers Email Address:
Securities and Futures Commission (SFC)
Number Of Clients:
10,000+ Blitzbrokers users and traders
Blitzbrokers Facebook Likes:
Blitzbrokers Twitter Followers:
Blitzbrokers Instagram Followers:
Your capital is at risk
|Blitzbrokers Telephone Number:|
|Blitzbrokers Email Address:|
|Regulated By:||Securities and Futures Commission (SFC)|
|Number Of Clients:||10,000+ Blitzbrokers users and traders|
|Blitzbrokers Facebook Likes:||0|
|Blitzbrokers Twitter Followers:||0|
|Blitzbrokers Instagram Followers:||0|
Your capital is at risk
Our entire Blitzbrokers Review covers everything you will need to know about trading using Blitzbrokers. A fantastic agent can multiply your first investments and give you favourable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investment goals.
There's absolutely no sure-fire way to ensure profits; thus, you should carefully assess your broker before you select them. It is a common misconception that all brokers are exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments at risk.
Blitzbrokers is a broker which has paved its way successfully into the brokerage world. In this review, we've attempted to collate some of the important aspects of Blitzbrokers. This review will help you to understand whether Blitzbrokers is a fantastic fit for your own investments or not. We have attempted to breakdown all the features and charges for your advantage.
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?
- Blitzbrokers Risk Disclaimer
- 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 online trading. Since its inception in 1982, Blitzbrokers has emerged as a top-tier player in the industry of online broker. Blitzbrokers includes an extremely aggressive and full-featured trading site that is 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 consumer base is becoming as big as 10,000+ clients.
Blitzbrokers is a favourite for many dealers.. Our Blitzbrokers review found that they're an excellent alternative for automated trading options. It's most appropriate for investors who are looking for an assortment of assets. Social and automated trading options are the heart at Blitzbrokers.
Technology plays a significant role at Blitzbrokers. Blitzbrokers features trading on Desktop,WEB,Android. Blitzbrokers is honest, transparent, and 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 supply in-house research.
The educational department at Blitzbrokers is very insightful for new dealers as it permits them to get a closer look in the financial markets. Blitzbrokers caters to all types of traders and are a must-have broker for almost any well-diversified method of 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.
Everything you should know about trading with Blitzbrokers
Blitzbrokers is a dynamic platform that provides various procedures of trading online. These tools cover the monetary markets considerably. The Majority of the brokerage platforms offer less procedures than Blitzbrokers
If you want to exchange with Blitzbrokers, you'll need a minimum deposit of $1. This deposit is compulsory if you would like to begin trading using Blitzbrokers. This 2021 Blitzbrokers review will guide you safely about trading with them.
Blitzbrokers is as versatile as another brokerage platform. Blitzbrokers is excellent for traders who want a manageable range of low-cost services. The programs provided by Blitzbrokers are third party, white-label offerings. All traders may pick from 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 transaction has to be kept open. The brokers provide premium customer service which rewards customers with benefits.
Many less reputable brokers attempt to pressurise customers into larger funding for superior services. Blitzbrokers, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the further advantages will come along.
Blitzbrokers accounts are available around the world and provides excellent service everywhere they have customers. There are a few countries where Blitzbrokers accounts are not available. Traders in the following countries cannot open or use a Blitzbrokers account:
BR, KR, IR, IQ, SY, JP, US
Is Blitzbrokers Safe To Trade With?
Established in 1982, Blitzbrokers has been open 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 steps in place to maintain investor's resources secured. This usually means that Blitzbrokers users don't need to worry about their money since it is segregated and safely kept in banks that are established. SSL encryption secures every user's private information also.
You are able to make use of a choice for Two Factor Authentications (2FA) with Blitzbrokers for increased security. An SMS with the verification code will be sent to a mobile phone. You'll be asked to enter this code to log into your accounts.
Another concern with financial brokers with regards to safety may be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is more widespread in the case of Market Maker agents who compete with customers on the platform.
Blitzbrokers Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Blitzbrokers
Every online trading platform has some pros and cons 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 has low minimum deposit requirements
- 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 offers copy trading
- Blitzbrokers offer trading on Desktop,WEB,Android
- Blitzbrokers offer 59 trading instruments
- Blitzbrokers trades major forex pairs
- Blitzbrokers can communicate in English, and Chinese
- 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 doesn't offer social trading
- Blitzbrokers doesn't offer trailing stop
Blitzbrokers Review - Compare Brokers Similar To Blitzbrokers
|Blitzbrokers||GKFX||global prime||rfxt lebanon|
|Rating||4.36 / 10||4.93 / 10||4.8 / 10||3.3 / 10|
|Headquarters||Hong Kong||UK||United Kingdom||Australia|
|Regulated By||Securities and Futures Commission (SFC)||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F249||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F301|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||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 company, has a strong set of rules for ensuring fair trading on its own platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is never to be shared with some other institutions or individuals. Including credit history and other financial information.
Blitzbrokers Review - AwardsAt the time of writing this Blitzbrokers review, and despite Blitzbrokers’s impressive offering, the company has surprisingly not garnered any other awards to date.
Blitzbrokers Trading Platforms
Blitzbrokers are a trustworthy broker that has been operating for over 39 years. They offer a wide range of options in their user accounts.
In the following table we take the main parts of any great brokerage and compare Blitzbrokers against GKFX, global prime, and rfxt lebanon
Blitzbrokers Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Blitzbrokers is $1. This is an adequate amount for those just starting out. You can make more advanced deposits as you go along. However, make certain that you know how to make the most of your money before investing in larger sums.
Blitzbrokers Review - Commission And Fees Explained
Blitzbrokers is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. In other words, an online broker isn't necessarily influenced by the number of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 different types of fees for this objective.
The first kind of charges to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are charged trading fees. In such cases, you're paying a spread, funding speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those who are billed when you maintain a leveraged position for more than daily.
Apart from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake on your account. They're charged for things like depositing cash, not investing for long periods, or withdrawals.
Generally, Blitzbrokers doesn't charge high fees in comparison to other online agents. For operations other agents fee for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often trade, such as weekly or daily trading.
But, non-trading fees charged by Blitzbrokers are comparatively competitive. Consequently, you are billed more for non-trading activities in your trading accounts, such as withdrawal and deposits. These aren't related to the sale and purchase of assets.
This Blitzbrokers review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Blitzbrokers
Blitzbrokers Review - Withdrawal Fees ExplainedBlitzbrokers doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from your Blitzbrokers account. It's possible to withdraw sums up to the sum of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't always have to have any money on your accounts.
In addition, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn money will be sent to the card. Blitzbrokers will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are choosing to withdraw in.
Blitzbrokers Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your mind when open an account with Blitzbrokers. An inactivity fee is an amount charged to registered traders who have not engaged in purchasing or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee also differs from 1 agent to another and is not standardized. If a traders account doesn't have a buying or selling transaction, it's maintained by the broker as an inactivity charge. The traders have to pay this fee under conditions and terms they had agreed while enrolling.
Blitzbrokers doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees are implied by Blitzbrokers, it is best that you close the account if you are inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee is contingent upon the type of account you've selected. The inactivity fee is subjected to many conditions and should be disclosed clearly by the agent beforehand.
Blitzbrokers Review - Deposit Fees Explained
When you move money into your trading account from your bank account, a deposit fee can be charged by the broker. Most agents don't charge too much 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 money on the Blitzbrokers trading platform is simple. You just need to finish a single-user profile survey to begin depositing money into your trading account. You'll have to give an identity proof and evidence of residency to deposit substantial sums.
Blitzbrokers Review - Compare Broker Deposit Methods
What Can You Trade With Blitzbrokers?
Note: Blitzbrokers offers many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may be different 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 forex pairs.
Compare Blitzbrokers, GKFX, global prime & rfxt lebanon below.
Reviewing The Blitzbrokers Mobile App
Note: Blitzbrokers's mobile app has a lot of functionality and is being constantly developed. The below information was accurate at the time of compiling this Blitzbrokers review.
Understand the capabilities of the mobile apps of Blitzbrokers, GKFX, global prime & rfxt lebanon below.
Alternatives To Blitzbrokers
If, after reading this Blitzbrokers review, they don't quite fulfill your requirements check out these Blitzbrokers alternatives.
We have scoured the internet to find the best alternatives to Blitzbrokers. Click the links 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 provides 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 sign up for a demo account on Blitzbrokers, you will set out with a decent amount of virtual currency. It is to establish a sense of security and confidence in you until you decide to spend your own money.
With this digital Blitzbrokersdemo account, you can experiment in any way, to whatever period you desire. You might also open positions, examine different trading strategies, and much more.
Blitzbrokers specifies on its official website that you can trade real time stocks in a demo account.
Is Blitzbrokers safe?
You can drop all your worries because we believe that Blitzbrokers is totally safe to use. It's in compliance with the principles of Securities and Futures Commission (SFC).
Nevertheless, Blitzbrokers does not 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 account with Blitzbrokers is $1. You should have a good understanding of 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 ways to finance your account with Blitzbrokers. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal isn't available in every place. The monies Blitzbrokers
Is my money safe with Blitzbrokers?
Yes, your cash is safe and protected with Blitzbrokers. As you know, Blitzbrokers operates with good conformation to. It has established plenty of steps to protect all its investors.
Blitzbrokers protects its customers' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your accounts, you can enable Two-Step Verification as well. It requires an SMS confirmation for you to access your accounts.
Is Blitzbrokers trading good?
Yes, trading through Blitzbrokers is a nice and good experience indeed. It's a great and intuitive platform with useful features for your simplicity. In addition, you could even gain access to a huge selection of educational resources and assistive material to kickstart your trading expertise.
If you are still skeptical, it is possible to start a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does Blitzbrokers support?
Blitzbrokers operates across the world. However, due to regulations there are some countries that Blitzbrokers do accept clients resident in BR, KR, IR, IQ, SY, JP, US
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 can vouch for this. The highlight of the platform is its fast order execution on transactions.
You will find the clean design of the platform and the admirable features that 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 indisputably one of the industry leaders. It has over 10,000+ registered users and over 39 years of experience on its record. They're among the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this status to its incredible platform and wide selection of resources plus tools so you may invest in 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?
Using Blitzbrokers, many traders make a great deal of cash. However, on average, through continual trading, you can create between 2% - 10% profit a month.
This can look like a little number, but within the entire year, this adds to a significant amount of gains. Even though Blitzbrokers provide you all of the tools to earn money, they cannot guarantee you will profit.
Does Blitzbrokers have fees?
Yes. To begin trading with Blitzbrokers, you need to deposit $1. Certain commissions while trading also 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+ clients.
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 suggests that you contact customer services. With this, you can fix any imbalances in your account.
Does Blitzbrokers offer guaranteed stop loss?Blitzbrokers regrettably, doesn't offer guaranteed stop loss. Blitzbrokers gives an opportunity for its dealers to close their trade at their given price. Aside from this, Blitzbrokers doesn't offer guaranteed stop loss.
Does Blitzbrokers allow scalping?Yes, Blitzbrokers do allow scalping. Many traders throughout the world choose Blitzbrokers due to their scalping services. They offer trading on Desktop,WEB,Android which let 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?
No, unfortunately you cannot trade German shares with Blitzbrokers
Does Blitzbrokers accept bank transfers?
Yes, Blitzbrokers accepts bank transfers for depositing money.
Does Blitzbrokers accept credit cards?
Yes, Blitzbrokers accepts credit cards for depositing money.
Does Blitzbrokers accept PayPal?
No, Blitzbrokers does not accept PayPal.
Does Blitzbrokers accept Skrill?
No, Blitzbrokers does not accept Skrill.
Does Blitzbrokers accept Payoneer?
Yes, Blitzbrokers accepts Payoneer for depositing money.
Does Blitzbrokers accept Neteller?
No, Blitzbrokers does not accept Neteller.
Does Blitzbrokers offer Live Chat customer support?
Yes, Blitzbrokers offers customer support through live chat.
Does Blitzbrokers offer phone customer support?
Yes, Blitzbrokers offers customer support over the telephone.
Does Blitzbrokers offer email customer support?
Yes, Blitzbrokers offers customer support through email.
What languages can Blitzbrokers communicate in?
Blitzbrokers has the ability to communicate and support customers who speak: English, and Chinese
Does Blitzbrokers have a wikipedia page?
No, Blitzbrokers does not have an official wikipedia page.
Does Blitzbrokers offer demo accounts?
Yes, Blitzbrokers offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. Inexperienced traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of Blitzbrokers's features before risking a live account.