Table of Contents
QUICK FACTS
Account Minimum: $0 Fees: $0 for stocks and ETFs
Our Take
BitWest Group is a recognizable name in the brokerage industry due to its extensive asset selection and low-cost investment options. BitWest Group also uses proprietary trading software that enables traders to get the best order and price executions across all its platforms. Besides, this broker treats its clients to quality educational materials and reliable customer support. Nonetheless, BitWest Group needs to catch up regarding geographical coverage since services are inaccessible to some international clients.
Where BitWest Group Shines
Vast selection of tradeable assets
BitWest Group is a multi-asset brokerage offering a robust selection of investment products for retail traders and institutional investors. Their offerings include assets and securities such as stocks, commodities, options, ETFs, bonds, crypto, foreign ADRs, and futures. That gives traders and investors the freedom to pursue their intended strategies.
Low fees
BitWest Group has lifted account minimums, domestic wire transfer fees, inactivity, and account transfer fees. Besides, it allows you to trade stocks and ETFs at no commissions. BitWest Group’s spreads are also relatively lower than its immediate competitors.
Excellent order and price execution
BitWest Group’s trading platforms integrate smart order routing software that spreads your trades across various market centers. Then, the software automatically executes every order at the best available prices in the market. That offers greater convenience and enables you to maximize the returns on your investments.
Pros and Cons
Pros
- Vast selection of tradeable assets
- Low fees
- Excellent order and price execution
- Quality educational materials
- Reliable customer support
Cons
- Limited geographical coverage
Where BitWest Group Falls Short
Limited geographical coverage
BitWest Group’s clients have access to a wide range of global assets and market centers. However, their brokerage services are inaccessible in some regions.
BitWest Group Overview
| Account Minimum | $0 |
| Available Products | Stocks, ETFs, Options, Bonds, Mutual Funds, Crypto, Forex, Futures, Commodities, and Foreign ADRs |
| Trading Fees |
|
| Account Costs |
|
| Deposit/ Withdrawal | Bank transfers, credit/ debit cards, crypto wallets, and wire transfers |
| Trading Platforms | Desktop, Web, and Mobile App |
| Education | Videos, articles, webinars, and FAQs page |
| Security & Reliability |
|
| Customer Support | Phone, Email, and Chat |
What is the Trading Experience on BitWest Group?
The trading experience on BitWest Group is generally intuitive and streamlined across its desktop, web, and mobile platforms.
Desktop and Web versions
BitWest Group desktop is the most robust platform that offers a wide range of fundamental and technical research and trading tools. Users can access custom watchlists, advanced screeners, charting, trading idea generators, back-testing, and multiple order types. BitWest Group.com is a web-based version that provides almost similar functionalities but with limited customizability.
Mobile App
BitWest Group simplifies online trading with easy-to-use tools and features best suited to the average trader and beginners. It also offers amenities such as calculators, evaluators, research, and news.
Product Offerings
BitWest Group is an excellent place to start investing or diversify your investments across multiple asset classes and markets. It boasts one of the most robust portfolios in the industry, comprising the following.
- Long and short stocks
- Bonds (corporate, treasury, municipal, CDs)
- Mutual Funds
- Cryptocurrencies
- ETFs
- Options
- Forex
- Commodities
- Futures
- Foreign ADRs
Fees and Trading Costs
BitWest Group’s clients are subject to various commissions and margin interest rates. Here is a snapshot of BitWest Group’s fees and costs.
- $0 account minimum, transfer/ closure fees
- $0 commissions for stocks and ETFs
- $0.65 per contract options fee
- Free domestic wires, trade confirmations
- $32 live broker fee
- International orders usually attract exchange fees
Although you may still incur other costs on BitWest Group, their pricing is mainly based on contracts, implying the overall costs will largely depend on your transaction volumes. Overall, BitWest Group’s fees and spreads are relatively lower than the industry average.
BitWest Group Is Best for
BitWest Group generally has a broader appeal to retail traders and institutional investors, with its vast asset selection, low fees, quality educational resources, and reliable customer support. It is best suited to beginners, casual investors, and active traders. Contact this broker now!
Disclaimer: This is sponsored marketing content.
Image Credit: Photo by Austin Distel on Unsplash