SpireBit Broker Review
Spirebit is a reliable financial broker of international standing. The company provides an innovative service for trading both digital and basic commodities.
The company’s main priority is to provide information security for its clients’ monetary assets, while maintaining financial services transparency.
Regulation and security
Trading with a professional exchange that uses Blockchain technology significantly increases the security of your deals.
The broker is regulated by the FCA (Financial Conduct Authority) with license number 11355649, which means that your funds will be protected and you will be able to recover your losses in the case of errors. You can find out more about the license on the regulator’s website.
Account types
Spirebit offers 7 types of accounts. Such a number of accounts was developed in order to satisfy the needs of different customers. Beginner accounts are suitable for new traders and experienced users with small deposits. Accounts of higher level are intended for traders with huge turnover and long-term trading experience.
- Bronze Package Account
– Minimum deposit 500$
– Minimum investment period: 6 months
– Consultation with analyst
– Access to trading terminal
– Trading leverage: 1:5
- Silver Package Account
– Minimum deposit $5,000
– Minimum investment period: 6 months
– Training Materials: Basic Package
– Consulting with analyst: Once per week, up to 30 minutes.
– Access to trading platform: On-line access
– Trading leverage: 1:5
– Trading Signals: 1 per week
– Risk free order: 1
- Gold Package Account
– Minimum deposit $25,000
– Minimum investment period: 3 months
– Training Materials: Advanced Package
– Consulting with analyst: 2 per week, up to 60 min.
– Access to trading platform: On-line access + personalized support
– Trading leverage: 1:10
– Trading signals: 3 per week
– Risk free order: 2
– Algorithmic trading: 1 trading bot
- Platinum Package Account
– Minimum deposit $100,000
– Minimum investment period: 3 months
– Training Materials: Advanced Package
– Consulting with Analyst: Ongoing personal support
– Access to trading platform: On-line access + personal support
– Trading leverage: 1:33
– Trading Signals: 10 per week
– Risk free order: 3
– Algorithmic trading: 2 trading bots
– Personal Trading Plan: Personal Quarterly Business Plan
– Personal Risk Manager: Detailed analysis and order support
– Trust management: Up to 30 days, 1 professional analyst
- VIP Package Account
– Minimum deposit $500,000
– Minimum investment period: 3 months
– Training Materials: Professional Package
– Consulting with analysts: 24/7 personal support
– Access to trading platform: On-line access + personal support by 2 analysts
– Trading leverage: 1:50
– Trading Signals: Unlimited signals
– Risk free order: 5
– Algorithmic Trading: 3 trading bots
– Personal trading plan: – Personal business plan for the year
– Personal Risk Manager: – Detailed analysis and support of orders
– Trust management: 1 quarter, 2 professional analysts
- Diamond Package Account
– Minimum deposit $1,000,000
– Minimum investment period: 1 month
– Training Materials: Professional Package
– Consulting with analysts: 24/7 personal support
– Access to trading platform: Online access + personal support by 3 analysts
– Trading leverage: 1:100
– Trading Signals: Unlimited signals
– Risk free order: 10
– Algorithmic Trading: 5 trading bots
– Personal Trading Plan: – Personal Business Plan for the year
– Personal Risk Manager: 24 hour analysis and order support
– Trust management: 2 quarters, 4 professional analysts
- Islamic Package Account
– Minimum Individual Deposit
– Consultation with an analyst
– Access to trading terminal
– No hidden fees and no re-quotes
– No interest or swap charges for overnight deals
– Time limit on hold trades
– No gap increase
You can open up to 3 accounts per user. Keep in mind that fees may apply for prolonged inactivity.
Trading Instruments and Platforms
The broker offers many trading options to work with. From classic Stocks and Indices to Cryptocurrencies. In general, we can divide SpireBit’s trading instruments into the following categories:
- Cryptocurrencies
The main difference between trading cryptocurrencies and the traditional market is volatility. The price changes at an incredible rate. Volatility, when handled correctly, creates great trading conditions.
- Stocks
Stock trading is a reliable trader’s tool with a sufficiently high level of forecasting. Comprehensive stock market analysis is provided by fundamental data, which allows you to earn high dividends in a short time frame.
- Commodities
Commodities markets provide the opportunity for high return trading for private traders. Soft commodities, such as wheat or sugar, have been trending for centuries. These assets are popular among many traders because of their diversification possibilities and flexible risk settings.
- Stock indices
Stock indices are indicators of stock market performance. The calculation of these assets is based on the prices of the most liquid stocks of many companies. National economies are built on the basis of the most developed industries; indices of different countries show the aggregate condition of these industries, which allows traders to easily predict the direction of the market.
- Futures on precious metals
Trading precious metals futures is one of the most profitable ways to trade. Gold is the most popular metal among the community of millions of traders, the advantage of which is considered to be constant and independent demand in the time of crisis. Long-term trading allows you to make tangible profits and keep your savings in the market.
When it comes to trading platforms, Spirebit offers us its unique development. The account can be accessed from both desktop computers and mobile devices. The platform has the following features and benefits:
– Online monitoring of market events
– User-friendly interface and fast switching between trading accounts
– All information about your trading portfolio
– Easy to place and close orders
– Comfortable and secure deposit and withdrawal options directly from the application
– Possibility to work from any mobile device
– Tools for technical analysis
– Full access to all trading functions at any place and at any time
Trading with the SpireBit platform is much more efficient and profitable than any of its peers. This is due to the features of the proprietary trading software. Thanks to the blockchain and neural network, the speed of information transfer is increased, thus minimizing the risk of slippage.
The user-friendly interface of the platform, many features and tools, coupled with enhanced security – make Spirebit one of the leading platforms on the market.
Deposits and withdrawals
At SpireBit there is no minimum deposit to create an account. Please note, however, that the minimum deposit amount may vary depending on your deposit method. The time required for depositing depends on your payment system.
The broker offers multiple methods of funding your account, such as bank wire transfer, cryptocurrency transfer, debit/credit card payment and e-transfer.
SpireBit does not charge any deposit fees, but check with your payment provider for their fees.
After creating and confirming your account, you will be able to start using a trading platform right away.
As for withdrawals, requests for withdrawals are processed by the finance department within 48 hours.
Once the application is processed, withdrawal will depend on the withdrawal method you choose.
For example, SWIFT transfer from 1 to 5 working days, SEPA transfer from 1 to 3 working days, cryptocurrency transfer up to 2 hours.
Conclusion on SpireBit
We can recommend SpireBit as a high-quality and reliable broker.
Advantageous trading conditions, multiple accounts and a proven regulator make the broker an attractive option for traders of all levels.
SpireBit is most suitable for users interested in trading cryptocurrencies, but if you are looking for more classic markets, the broker has something to offer you too.
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