Bit 500

Bit500, operating under the domain bit500.eu, is a brokerage entity registered in the United Kingdom. According to public records, the corporate entity behind the brand appears to be Jotul Capital Limited, a private limited company incorporated in England and Wales in September 2022. However, the broker itself lists a founding date of January 2026, suggesting a recent rebranding or launch.

The company's registered address is 30 St. Mary Ax, London, England, EC3A 8EP, a location shared with many financial services firms. There is no indication of regulation by the Financial Conduct Authority (FCA) or any other recognised financial regulator, which is a critical consideration for potential traders.

Bit500 provides four distinct account tiers, differentiated by minimum deposit requirements and maximum leverage. The Basic account requires a €5,000 investment and offers 1:10 leverage, while the Silver, Gold, and Platinum accounts demand €25,000, €50,000, and €100,000 respectively, with leverage increasing to 1:20, 1:50, and 1:100.

These high barriers to entry suggest the broker targets experienced or high-net-worth individuals rather than retail beginners. Leverage levels are within industry norms for standard forex brokers, though the absence of regulatory oversight means these terms are not externally verified.

As of this review, Bit500 does not publicly specify the trading platforms or instruments it offers. Industry databases and the broker's own website lack clear details on whether it provides popular platforms like MetaTrader 4/5, cTrader, or proprietary software.

The absence of instrument lists makes it impossible to confirm the availability of forex pairs, commodities, indices, or cryptocurrencies. This lack of transparency is a common trait among newer or unregulated brokers.

The broker accepts bank wire transfers for both deposits and withdrawals. According to its published policy, clients must use accounts in their own name and country of residence. Deposits may take up to five business days to reflect in the trading account.

Withdrawals are subject to verification procedures, and accounts inactive for six months incur a 10% monthly dormant fee. These terms are relatively strict and may discourage casual or occasional traders.

Bit500 does not hold a licence from any recognised financial authority, including the UK's FCA or other major regulators such as CySEC, FSA, or ASIC. Regulated brokers are typically required to adhere to client fund segregation, negative balance protection, and dispute resolution schemes.

The lack of regulation, combined with high minimum deposits and limited disclosure, places this broker in an elevated risk category. The FXCanary Scam Risk Score of 54/100 reflects these concerns.