What brokers does Bitcoin Bank partner with?
All robots rely on brokers to execute the insights derived from trading research. In other words, the robot conducts trading research and automatically sends signals to the broker for implementation.
Bitcoin Bank allegedly partners with tier-one brokers. These brokers fall under the regulation of bodies such as the UK Financial Conduct Authority (FCA), and the Australian Securities and Exchange Commission (ASIC).
Regulated brokers must adhere to measures such as deposit segregation and also conduct regulator audits to prove that they are using clients’ funds as required.
Apart from handling transactions, robot brokers also offer leverage. This helps robot users to take bigger market positions hence magnify the alleged profits. It is worth noting that high margin can be counterproductive when the trading conditions are not favourable.
Bitcoin Bank applies a Negative Balance Protection tool to help users minimize risk. Even with these tools, the risk still remains. You should, therefore, take precaution by only investing what won’t cause harm if you lost it. Do not deposit all your savings with a margin trading robot.