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WikiFX Broker Assessment Series | LiteForex: Is It Trustworthy?

Bitget Review: Something You Need to Know Before Investing

WikiFX

| 05-16

Abstract：Bitget is a crypto copy trading platform founded in 2018, like other famous brokers in the industry, it has played an important role for a long time. However, is it still reliable nowadays? In today’s article, we will offer you a comprehensive review of this broker so that you can have a close overall look at Bitget.

Bitget is a crypto copy trading platform founded in 2018, like other famous brokers in the industry, it has played an important role for a long time. However, is it still reliable nowadays? In todays article, we will offer you a comprehensive review of this broker so that you can have a close overall look at Bitget.

If you want to know whether Bitget is a reliable forex broker or not, please continue to read. we evaluated this broker from different aspects, such as regulatory status, exposure, etc.

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of Bitget based on the facts.

What is WikiFX?

WikiFX is an authoritative global inquiry platform providing basic information, inquiries, and regulatory license inquiries.

WikiFX can evaluate the safety and reliability of more than 60,000 global forex brokers.

WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en)

Specs of Bitget

To understand Bitget better, we explore it by analyzing three main perspectives:

A. General Info of Bitget

B. Regulatory Status

A. General Info of Bitget

Bitgets general info has been shown below:

About Bitget

Founded in: 2018

Headquarters: China

Regulation: Unregulated exchange

User Base: Over 20 million users across more than 100 countries

Native Token: BGB

Services: Spot and futures trading, copy trading, asset management, staking, Launchpool, NFT platform. ( Bitget Launchpool is a platform where users can lock their assets to receive airdrops of popular or newly listed tokens. Simply lock BGB or a designated token in the pool for free! We offer new user pools and regular pools, each with different locking requirements based on your Launchpool participation history. You can check the rules for each Launchpool promotion for specific details.)

Customer Support: 24/7 multilingual support

Security: A+ rating from SSL Labs certification, backed by four major security vendors.

Payment Methods: Quick Buy, P2P trading, Credit/Debit cards, third-party payment providers

B. Regulatory Status

What is a Legitimate License?

The legitimate license is the business license issued by the financial regulatory institution of each country/region.
Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore, your money is protected to some extent.
Whether a forex brokerage firm holds a legitimate license or not is one of the important factors to evaluate the reliability of forex brokers.
The content of the regulation and the difficulty of obtaining a license vary with the country and agency issuing the license.

The legitimate license of Bitget

Bitget is not regulated. And we didnt find any persuasive information about its regulation.

The Feedback from the Social Media

Issue 1: Bitget announced that it will incorporate Redacted (RDAC) tokens into its platform.

On May 13, 2025, Trading of RDAC/USDT on Bitget starts. Users can obtain RDAC through activities such as Launchpool and PoolX. Redacted is a Web3 ecosystem that integrates blockchain and real-world applications, featuring 15 revenue products covering DeFi, GameFi, NFTs, and payment fields. This move by Bitget has strengthened its position as a top cryptocurrency exchange and promoted the development of innovative projects.

Issue 2: Investor reports fraud after trading with Bitget.

One user claimed that someone illegally transferred 27,579.00 USDT from his spot wallet without authorization. Furthermore, 5,040.00 USDT has been frozen in his account, which raises concerns about the security and transparency of investing in Bitget.

Issue 3: NXPC/NEXPACE is now listed on #Bitget.

Special survey about Bitget from WikiFX

A. Scoring Criteria

WikiFX gives brokers a score from 0 to 10. The higher the score, the more reliable the broker.

The Scoring Criteria of Brokers on WikiFX

License index: reliability and value of licenses

Regulatory index: license regulatory strength

Business index: enterprise stability and operational capability

Software index: trading platform, instruments, etc

Risk Management index: the degree of asset security

Bitget has been given a low score of 1.25/10.

B. WikiFX Alerts

On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and reminds you of the risks before it starts.

As of now, WikiFX has received 2 complaints against this broker.

The first victim claimed, “On June 3, they invited me to make an alleged investment, which I would have made with $880. It seemed credible that there was an alleged contract, an identification, and videos and screenshots of said procedures, in which it only indicated that it was necessary to invest more and more to rescue the capital, until I lost a total of $12,070. Can you help me solve this problem? I would greatly appreciate it.”

Another victim told us a different story: “please stay away from these clone app, bitget, they have different WhatsApp groups with different names, they will piggy butcher the victims Into investing huge sums of money but they can't withdraw, you can only withdraw like 50$ but beyond that no.. mostly from Hong Kong and US based telephone numbers.”

Conclusion

In recent years, Bitget has been devoting a great deal of energy to the cryptocurrency market, blockchain, and other fields. However, as it is not regulated and there are some exposure issues for users, we suggest that you be cautious and protect your assets well. If you want more information about certain brokers' reliability, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX App to find the most trusted broker for yourself.

#Broker

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Forex Broker

WikiFX Broker Assessment Series | LiteForex: Is It Trustworthy?

Related broker

No Regulation

Bitget

https://www.bitget.com/

1.31

Score

2-5 yearsSuspicious Regulatory LicenseGlobal BusinessHigh potential risk

1.31

Score

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