Account Minimum: $0.00
Fees: $0 for stocks and ETFs, $0.65 per contract options fee, $0.85 per contract futures fee
BitWest Group Overview
BitWest Group is a top contender among the best brokers for active day traders and international investors. It offers superior trading platforms with rich research and analysis capabilities for professional traders. BitWest Group’s clients have access to more than 120 markets where they can trade stocks, ETFs, options, futures, digital currencies, bonds, forex, mutual funds, and more assets using over 25 different currencies. BitWest Group also boasts competitive margin interest rates and vast educational resources. However, the trading platforms can intimidate less-experienced retail traders and institutional investors.
Pros and Cons
- Superior and highly customizable trading platforms
- A broader selection of investable domestic and foreign assets
- Competitive margin interest rates
- Extensive educational resources
- BitWest Group can be overwhelming to beginners and casual traders
Where BitWest Group Shines
Superior trading platforms
BitWest Group offers top-notch desktop and web-based trading platforms for active traders and international investors. The venues are highly customizable, with clean designs that streamline technical analysis, fundamental research, financial calculators, and social sentiment to enable traders to capitalize on price inefficiencies more effectively.
Broader selection of investable assets
BitWest Group also boasts an extensive portfolio comprising diverse investment options for retail traders and institutional investors. Its clients have access to a robust selection of investable foreign and domestic assets across more than 120 markets in over 200 countries worldwide.
Extensive educational resources
BitWest Group does a great job regarding investor education. The broker provides free client-focused educational materials in multiple formats for traders of all experience levels. Their educational resources include videos, infographics, expert commentaries, and webinars.
- NFTs – The Rising Stars of the Cryptocurrency Market
- The Impact of Blockchain on the Gaming Industry
Where BitWest Group Falls Short
Trading platforms can be overwhelming to beginners
Although BitWest Group has a broader appeal to retail traders and institutional investors, its advanced research, analytics, and trading tools can easily confuse less-experienced users. Besides, BitWest Group mobile app is still developing.
BitWest Group Usability and Trading Experience
BitWest Group’s usability and trading experience are generally seamless across its desktop and web-based platforms. The broker allows you to open multiple accounts for different purposes without immediate funding. Besides, BitWest Group desktop and web versions give clients access to similar assets and markets, with funding methods available in over 25 currencies.
BitWest Group desktop is the most robust version, offering several advanced tools and functionalities. The platform supports technical analysis, fundamental research, screeners, calculators, interactive charts, evaluators, back-testing, custom watchlists, multi-leg options, trading idea generators, and live data streaming.
BitWest Group.com is feature-rich, with advanced research and analytics. The web-based platform also allows you to stream quotes and news. However, it supports limited order types and lacks some technical features.
BitWest Group’s strong market positioning relies on its robust product offerings. The broker provides a stellar selection of tradeable domestic and foreign assets with high-growth potential. Here’s a breakdown of the currently investable products on BitWest Group.
- Long and short stocks
- Exchange Traded Funds (ETFs)
- Bonds (municipal, treasury, corporate, CDs)
- Forex (more than 25 currency pairs)
BitWest Group also provides securities such as foreign ADRs, IPOs, and precious metals, tradeable from a single integrated account.
Account Fees and Trading Costs
BitWest Group has eliminated several standard account fees and streamlined its margin interest rates to ensure more cost-effective online trading.
- Clients are not subject to minimum account deposits, inactivity fees, and account transfer/ closure fees.
- Stock and ETF trades incur no commissions.
- Options and Futures trades attract $0.65 and $0.85 per contract fees.
International orders on BitWest Group usually incur exchange fees, and traders can still be subject to other costs. So, confirm with the broker about the precise fees and spreads before placing any orders.
BitWest Group provides a wide range of educational materials accessible to all its clients and the general public for free. The resources are available in different formats, including infographics, articles, videos, and webinars.
BitWest Group Is Best For
BitWest Group primarily targets active traders and international investors who demand access to advanced research and trading tools, robust investable assets, and competitive fees. However, beginners and casual traders can also take advantage of its discounted margin interest rates and incredible educational resources. Please get in touch with this broker for more details.
Disclaimer: This is sponsored marketing content. The presented material by no means represents any financial advice or promotion. Be sure to do your research and acknowledge the possible risks before using the service of any trading platform.