Bitget Review 2025: Is This Forex Broker Safe?

Bitget is a Forex broker established in 2023 with its headquarters located in China. Despite its short operational history, it has garnered a low WikiFX Score of 2.14, reflecting significant safety concerns. The broker operates without valid regulation, and data indicates extensive warnings from financial authorities. While it provides access to widely used trading software, potential clients should approach this entity with extreme caution due to the high volume of risk disclosures and user complaints.

Pros and Cons of Bitget

• ✅ Platform Access: offers the MetaTrader 5 (MT5) trading platform, a standard in the industry.
• ✅ Customer Support: Provides support via email and multiple social media channels.
• ❌ Unregulated: Lacks valid authorization from any major financial regulator.
• ❌ Regulatory Warnings: Flagged by authorities such as CNMV (Spain) and CySEC (Cyprus).
• ❌ Withdrawal Issues: Numerous complaints involving frozen accounts and fee demands.
• ❌ Low Trust Score: A 2.14 rating indicates a high-risk trading environment.

Bitget Regulation and License Safety

The most critical aspect of this Bitget broker review is its regulatory status. Currently, Bitget is unregulated, meaning it operates without the oversight of a financial authority that protects trader funds.

Regulatory Warnings

Official data highlights serious red flags from European regulators:

• CySEC (Cyprus): Issued warnings in 2024 and 2025 identifying “bitget.com” as an unauthorized domain not permitted to provide investment services.
• CNMV (Spain): Included the broker in its warning list in 2022, stating that the entity is not authorized to provide investment services or auxiliary services in the region.

Risk Warning

Trading with an unregulated broker involves significant risk. Without a license, there is no compensation fund or legal recourse if the broker becomes insolvent or refuses withdrawal requests.

Real User Feedback and Complaints

In the last three months alone, WikiFX has received 6 serious complaints regarding this entity. The feedback reveals a pattern of withdrawal denials, paying “taxes” to release funds, and phishing scams.

Common issues reported:

• Phishing and Clones: Users in Indonesia and Kuwait reported dealing with fake sites and clone apps confusingly named to mimic the brand.
• Fee Scams: A recurring individual named “Ricardo Torres Valles” was mentioned in complaints from Argentina and Peru, where users were asked to pay repeated fees to verify accounts or withdraw profits, only to receive nothing.

One user from Indonesia explicitly stated that after depositing funds into a supposed investment scheme, their account was frozen. This resulted in a complete inability to proceed with the Bitget login, granting them no access to their capital.

Forex Trading Conditions and Fees

Platforms

Bitget claims to provide the MetaTrader 5 (MT5) platform. MT5 is known for its advanced charting tools and algorithmic trading capabilities. However, users should verify if the software is a genuine license or a “white label” setup, as unregulated entities often have limited connectivity to real markets.

Spreads and Leverage

Detailed information regarding spreads, commissions, and leverage limits is not transparently provided in the available data. This lack of transparency is often a disadvantage for traders looking to calculate trading costs accurately.

Final Verdict

Bitget presents a high-risk profile for traders in 2025. With a low WikiFX Score of 2.14, no valid regulation, and confirmed warnings from the CNMV and CySEC, the safety of client funds cannot be guaranteed. The prevalence of withdrawal complaints and “fee scams” further degrades its credibility.

To stay safe and view the latest regulatory certificates, check Bitget on the WikiFX App.