New to Bit Blaze
Is it free to open an account?
There’s no cost when opening a live trading account with us. You can also view prices and use tools such as charts, Reuters news or Morningstar quantitative equity reports, free of charge. However, you’ll need to deposit funds in your account to place a trade.
Is Bit Blaze regulated?
Yes, Bit Blaze Canada Inc. is a member of the Canadian Investment Regulatory Organization (CIRO). CFDs are distributed in Canada by Bit Blaze Canada Inc. acting as principal.
How does Bit Blaze protect my money?
As a Bit Blaze client, your money is held separately from Bit Blaze’s own money and is held on trust in segregated bank accounts with a Canadian bank. This account is opened and maintained in the name of Bit Blaze Canada Inc. We do not use client money to hedge our positions or to meet the trading obligations of other customers. This offers you financial security and you can rest assured that your money with us is protected.
How does Bit Blaze make money?
Our income primarily comes from our spreads, while other fees, such as overnight holding costs, make a minor contribution to our overall revenue.
What can I trade on with Bit Blaze?
You can trade on 11,000+ financial instruments when you trade CFDs with us. Take a look at our popular markets and instruments.
Trading
How many types of trading accounts are there?
We offer standard CFD trading and FX Active account types. They are both available on our proprietary Bit Blaze trading platform and the MT4 platform, for all traders. We also offer a corporate account for businesses.
What is the maximum leverage I can trade with?
Leverage varies across different products. We offer the most competitive margin rates in compliance with CIRO regulations. The leverage for each product is fixed unless otherwise notified. To check the leverage for a specific product, simply log in to your Bit Blaze web portal and select “Product Overview” from the drop-down menu of the product window.
Can I open a demo account?
You can open a free CFD trading demo account in our Bit Blaze and MT4 platform with us, which enables you to practice trading with $10,000 worth of virtual funds.
What is the minimum deposit required to open an account?
There is no minimum deposit required to open an account with us. However, you won’t be able to place a trade until there are sufficient funds to cover your position. Learn how to fund your online account through our dedicated FAQs section.
What is included in a trading account?
When you open a standard CFD trading or FX Active account, you’ll have access to our award-winning platform and app, which includes 11,000+ financial instruments, and a multitude of technical and fundamental analysis tools and indicators, and other charting features. Please note that some of these are only available with a live account.
Which markets can I trade?
You can trade CFDs on 11,000+ financial instruments with us, and speculate on the price movements of forex, indices, commodities, shares, ETFs, bonds and more. Browse our range of markets.
Which types of expenses are shown in my account?
When you open a trading account, you may incur some of the following costs, depending on what and how you trade with us: overnight holding costs, commissions, guaranteed stop-loss order (GSLO) premiums (which are refunded if the GSLO isn’t triggered), and market data fees. View our trading costs for more details.
Platforms
What is the best trading platform for beginners?
Our platform is well equipped for novices. It includes a learn section, with access to a range of of CFD trading and platform videos, plus a welcome tour, and quick start guide to you get up and running. You can start by opening a demo account to practise trading on indices, forex, commodities, shares and more.
Which platforms can I trade on?
You can trade CFDs on our powerful web-based Bit Blaze platform, via our award-winning mobile app, and we also offer the renowned MetaTrader 4 platform. Access thousands of instruments on our proprietary platform and native app, and over 200 leading instruments on MT4.
Why use a trading platform?
A derivative trading platform allows to you trade on both sides of the markets using CFDs, without the need to directly interact with a broker. You can also take advantage of advanced technical and fundamental analysis tools to assist your trading strategy.
What is a trading platform?
A trading platform enables you to speculate on short-term price movements across a huge range of financial markets, without the need to purchase the underlying asset.
Trading View
What is TradingView?
TradingView is a trading research platform where you can view charts, analyze trends and interact with an online community. Additionally, you can connect your TradingView account to your Bit Blaze account, enabling you to open, manage and close trades within TradingView. Third Party Terms apply.
Is TradingView free?
It’s free to sign up to TradingView’s ‘Basic’ plan, which may be a good option for beginners. Paid plans that give active traders access to additional features start from $12.95 USD a month and come with the option of a free, 30-day trial.
Is TradingView safe for payments?
According to its website, TradingView is used by over 100 million traders and investors worldwide. TradingView states on its support page that they don’t process any payments themselves, and they don’t store or have access to your payment details. When you trade with us through TradingView, you’ll handle payment processes such as funding and withdrawals on our trading platform, which is compliant with the security standards of the payment card industry.
Can I make deposits and withdrawals through TradingView?
No. You must make deposits into and withdrawals from your Bit Blaze account. Any deposits or withdrawals you make with us will automatically show in your TradingView interface.
Which Bit Blaze accounts can I connect to TradingView
You can connect your TradingView account to a CFD trading or FX Active account that you hold with us. Third Party Terms apply.
How do I connect to my Bit Blaze account through TradingView?
Go to TradingView, select the Bit Blaze broker profile, and click ‘Trade’. You will then see the option to connect to your Bit Blaze account. Enter your Bit Blaze username and password and complete the connection.
Can I manage my trades outside of TradingView?
Yes, you can. Once you’ve connected your TradingView account to your Bit Blaze account, your trading activity will be synchronized. This means you’ll be able to see and manage all of your trades with us when you log into TradingView, our web platform or our mobile app, regardless of which one you used to place the trade.
Are all the Bit Blaze' instruments supported on TradingView?
Yes, they are. You can use TradingView to trade on all of the approximately 11,000+ instruments that we offer. To trade CFDs on shares with us through TradingView, you may need to activate a market data subscription in our trading platform. To do this, log in to our web platform, go to ‘Settings’, select ‘Market Data’ and select the country (or group of countries) whose stocks or share baskets you’d like to trade. A text box will then pop up. Read the on-screen information and click ‘Activate’, click ‘Yes’ if you agree to the subscription terms and conditions, and click ‘OK’ to close the pop-up. You should now see a green tick next to the country that you selected. If you don’t open any trades on CFDs on shares from the country you selected, you will need to reactivate your market data subscription each month in order to see share price data in TradingView. Market data subscription fees may apply.
Where can I get help using TradingView and Bit Blaze?
If you have any questions about TradingView, you might find the answer on their customer support page. Alternatively you can contact TradingView on their US phone number: 1-833-247-1523.
If you need help using your Bit Blaze account or our trading platform, you can contact our customer service team whenever the markets are open, from Sunday night through to Friday night. Email us at info@bit-blaze.com or call us on 1-866-884-2608.
