Bithoven.com does not provide any reliability guarantees for client deposits, yet presents itself as a competitive forex broker. Numerous bonuses and promotional campaigns, attractive wording, and various privileges mean nothing if the platform lacks regulation. In this review, you will learn why broker promises should not be trusted blindly, as they may turn out to be a scam.
Visually, the Bithoven.com website looks clean and modern, but this is exactly the case where design is used to attract the attention of inexperienced traders rather than to provide necessary and meaningful information. Light colors, large Buy and Sell buttons, demo charts, icons, and animations create a sense of “simplicity and safety”.
The website structure is typical and predictable. The homepage is a collection of appealing words: promises of tight spreads, instant deposits, leverage of up to 1:1000, bonuses, and contests. There are no important sections with detailed explanations. Everything is designed to push the user to open an account as quickly as possible, rather than to study the conditions.
The texts on the website are short, promotional, and overly polished. There are many generic phrases, such as “high liquidity”, “award-winning platform”, and “fast execution”, but without specifics or evidence. The source of liquidity is not disclosed, the counterparty to trades is not identified, and there is no explanation of how prices are formed or how orders are executed.
The content of Bithoven.com is clearly aimed at beginners. Everything is simplified, sometimes even primitive. There are no complex terms, but plenty of wording about “easy trading”, “simplicity”, and “access for everyone”. This is neither a plus nor a minus by itself, but experienced traders will find nothing of value here. Sections dedicated to education, analytics, or risk analysis are absent.
Images and graphics are standard stock visuals taken from the internet: smartphones with charts, upward arrows, happy people with money, and prizes such as iPhones and watches. Legal and reference information is hidden at the bottom of the website and presented in a very minimal form. The legal entity Fortis Ltd and its registration in Saint Vincent and the Grenadines are mentioned, but without links to an official registry. There are no licenses from top-tier regulators. There is no information about owners, management, or the team. There are no reports, audits, or proof of financial stability.
The contact details appear formally complete: two email addresses are listed, as well as a separate contact for the regions of Nigeria and South Africa with the address gabriel@bithoven.com and a Nigerian phone number +234 901 157 3288. There is also a feedback form, but it does not specify response times, inquiry handling procedures, or the responsible department, along with social media accounts on Facebook and Twitter. These accounts are abandoned; for example, the last post on Twitter was published on November 27, 2022.
A key issue was discovered during verification of the email addresses. Bithoven.com lists fake contact details that do not actually exist. In addition, there is no online chat available.
Bithoven.com makes a strong effort to attract clients by offering supposedly attractive and appealing trading conditions. The website immediately emphasizes zero commissions, spreads from 1.1 pips, and a maximum leverage of 1:1000. Formally, this may look appealing, but in reality, such a combination of conditions clearly points to a business model where the broker earns not from trading volume through commissions, but from client losses. This is a conflict of interest.
In practice, there is only one account type — a standard account. The account currency is USD, the minimum trade size is 0.01 lots, the maximum is up to 100 lots, and there are no limits on the number of open positions. Execution is stated as market execution. The Margin Call level is set at 50%, and the Stop Out at 5%.
Bithoven’s bonus system is built around a 100% deposit bonus and trading contests with prizes such as an iPhone, Apple Watch, and AirPods. The bonus is not real money and cannot be withdrawn — it only increases trading margin and forces the trader to generate large trading volume. This scheme directly encourages overtrading, the use of maximum leverage, and elevated risk, which benefits the broker but not the client. Trading contests operate on the same principle: to qualify for a prize, traders must trade aggressively, reaching a minimum trading volume of 100 to 300 lots. Only trading volume is taken into account, not consistency, strategy, or risk management. Essentially, this is an incentive to trade as much and as long as possible.
At the same time, the broker offers no other features that could truly distinguish the platform from its competitors. There is no cashback, no improved conditions for active traders, no different account types, no analytics, and no trading privileges. As a result, bonuses and contests remain the only “add-ons”, used to lure beginners and subsequently drain their deposits.
So far, the company has not inspired any trust. The platform is interested in client losses, lists fake contact details, and operates a low-quality official website. However, to definitively classify this as a scam, it is necessary to review the licenses and legal information.
Legally, Bithoven.com lists an address in Saint Vincent and the Grenadines. This is an offshore jurisdiction that has long been considered problematic for traders, as it does not provide real oversight of brokerage activities. We separately checked the SVGFSA registry: the company Fortis Ltd, which the broker references, did indeed exist, but its status in the official database is listed as “Cancelled”. This means that the legal entity used by the platform has been annulled.
The situation with regulation is even simpler — there is none. The SVGFSA does not license or supervise Forex or CFD brokers, which is explicitly stated on the regulator’s own website. This is not financial oversight, but merely business registration. For traders, this means no protection of funds, no compensation schemes, no reporting obligations, and zero leverage in the event of disputes. If an account is blocked or withdrawal issues arise, there is simply nowhere to turn.
Reviews of Bithoven.com also deserve special attention. There are a few of them, and most appear positive, but they all look the same: no screenshots, no figures, no dates, and no proof of actual withdrawals. There is not a single detailed case with amounts, timelines, or payment systems mentioned. Such comments are written in a templated, mass-produced manner — a typical sign of a fabricated reputation.
Bithoven.com is not a regulated broker and provides no guarantees for the safety of client funds. The company uses a canceled legal entity, aggressive trading conditions, and fake positive reviews to attract clients. All risks fall entirely on the trader, while responsibility is completely absent. This is a classic example of a broker that cannot be trusted.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
Bithoven is a company of anonymous scammers who steal money from anyone who deposits funds with them. Stay away from it. This is a fake platform with fake charts. You deposit money, you are given a bonus, and after that you will no longer be able to withdraw your funds. No one will be able to help you. This is FAKE and a SCAM.
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