Introduction
Allbit.com is a Korean-based digital asset exchange that allows for the trading of major cryptocurrencies. They offer a wide range of features including spot and margin trading, OTC trading, and futures trading. Allbit is one of the few exchanges that also offers leverage trading on cryptocurrency pairs. In this Allbit review, we will take a look at the different features offered by the platform as well as their regulatory compliance. ###
Allbit.com Review
Allbit.com is a South Korean cryptocurrency exchange that was launched in early 2018. The exchange supports the trading of major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple. Allbit.com also allows for the trading of Korean Won (KRW) pairs.
The Allbit.com platform is user-friendly and easy to navigate. The interface is simple and straightforward, making it ideal for beginner traders. However, the exchange does not offer any advanced features or tools for more experienced traders.
Allbit.com is a regulated exchange by the Korea Financial Intelligence Unit (KFIU). The exchange requires all users to go through a KYC (Know Your Customer) process in order to trade on the platform. Allbit.com is also a member of the Korea Blockchain Association (KBA).
Overall, Allbit.com is a decent cryptocurrency exchange that offers a good selection of coins and pairs to trade with KRW support. The platform is easy to use and perfect for beginners who are looking to get started in the crypto world.
Regulations
The Allbit platform is subject to various regulations, which are designed to protect investors and ensure the fairness of the market. Allbit is a member of the Korea Financial Investment Association and is regulated by the Financial Services Commission of Korea.
Allbit’s trading platforms are also subject to regulation by the Korea Exchange. The Korea Exchange is responsible for regulating all aspects of the stock market in Korea, including listing requirements, trading hours, and market rules.
Allbit offers a variety of investment instruments, including stocks, bonds, ETFs, and mutual funds. All of these instruments are subject to different regulations. For example, stocks are regulated by the Securities and Exchange Commission, while bonds are regulated by the Korean Ministry of Strategy and Finance.
ETFs and mutual funds are also regulated by different agencies. ETFs are regulated by the Korean Financial Supervisory Service, while mutual funds are regulated by the Korean Financial Services Commission.
Platforms
When it comes to online trading platforms, Allbit.com offers a great deal of flexibility and choice. The website is available in both English and Korean, and users can trade on either the web-based platform or the mobile app.
Allbit.com also provides access to a wide range of markets, with over 50 different cryptocurrencies available to trade. In addition to this, users can also trade on a number of other assets including forex, stocks, and commodities.
One of the great things about Allbit.com is that it is regulated by the Financial Services Commission (FSC) of Korea. This ensures that the platform is safe and secure to use, and that user funds are protected.
In terms of fees, Allbit.com charges a 0.2% commission on all trades. There is also a 0.001 BTC minimum deposit required to start trading on the platform.
Overall, Allbit.com is a great choice for those looking for a reliable and well-regulated online trading platform with access to a wide range of markets and assets.
Instruments & Ratings
As a regulated broker, Allbit.com is authorized to offer a variety of financial instruments including forex, CFDs, cryptocurrencies, and more. Allbit.com is also a member of the National Futures Association (NFA), which is the self-regulatory body for the US futures industry.
In terms of ratings, Allbit.com has been rated 4 stars out of 5 by Investing.com and has a “Buy” rating from IC Markets.
Fees
There are no fees associated with signing up for an Allbit account. However, there is a 0.20% taker fee and a 0.00% maker fee for each trade that is executed on the Allbit platform. Additionally, withdrawals from Allbit are subject to a 0.0005 BTC withdrawal fee.
Customer Support
When it comes to customer support, Allbit.com offers a few different options. For starters, they have an FAQ section on their website that covers a variety of topics related to their platform and services. Additionally, users can contact the Allbit.com team via email or live chat if they have any questions or need assistance with anything.
Email: [email protected]
Live Chat: https://allbit.com/en/contact-us/
Pros and Cons
When it comes to online trading, there are a lot of different options and platforms available. Allbit is one option that has been gaining popularity lately. But what is Allbit? And is it the right platform for you? In this Allbit review, we’ll take a look at the regulations, platforms, instruments and ratings of this online broker to help you decide if it’s the right choice for you.
Allbit is an online broker that offers a wide range of services including forex trading, CFD trading and cryptocurrency trading. They are based in Singapore and are regulated by the Monetary Authority of Singapore (MAS).
One of the main reasons why people choose Allbit is because of the variety of platforms and instruments that they offer. For example, they have their own proprietary web-based platform as well as mobile apps for both Android and iOS devices. In addition to this, they also offer MetaTrader 4 (MT4), which is one of the most popular trading platforms in the world. This means that whether you’re a beginner or a more experienced trader, you’ll be able to find a platform that suits your needs.
In terms of instruments, Allbit offers a wide range including currency pairs, stocks, indices, commodities and cryptocurrencies. This means that whether you’re looking to trade traditional assets or something more unique like digital currencies, you’ll be able to do so with Allbit.
One thing to keep in mind when considering Allbit is
Conclusion
Allbit.com is a well-regulated and secure online trading platform that offers a wide variety of instruments and assets to trade. The platform is user-friendly and easy to navigate, making it ideal for both beginners and experienced traders. Allbit.com also offers excellent customer support, which is available 24/7. Overall, we were impressed with the Allbit.com trading platform and would recommend it to anyone looking for a reliable and reputable online broker.