The company claims that it was launched in 2019 and is regulated by the FSA, the financial commission of Saint Vincent and the Grenadines. However, there are no supporting scans or links to official documents on its website. Therefore, the legitimacy of this broker is questionable, and we will thoroughly check all aspects in the Bithoven.com review.

Key Points to Know

Main Website https://bithoven.com/
Additional Domains Not Found
Online Since 2014-05-04
Legal Entity Name Fortis Ltd
Pretended to Be Regulated FSA
Fact-Checked Regulation Not Found
Deposit to Start Trade Not disclosed
Leverage up To 1:1000
Spreads From 1.1

What Stands Out About the Bithoven.com Website?

  • Low spreads starting at 1.1.
  • Existence for 7 years.
  • No confirmation of the website's legitimacy.
  • Cancelled legal entity.
  • Risk due to high leverage.
  • Unclear commission policy.
  • Limited transparency of terms and conditions.

Inside the Offshore Registration of Bithoven.com

The broker claims on its website that it is a brand of Fortis Ltd., based in Kingstown, St. Vincent and the Grenadines, and that it holds the FSA’s authorization number 25256 BC 2019. However, our check showed that its status as of January 2026 is “Cancelled.” Since the managers do not mention any other legal entities, we can safely assume that Bithoven.com currently exists solely as an illegitimate online platform.

This brand is not listed in the register of companies licensed by the UK FSA

Moreover, even if Fortis Ltd had continued to exist, it would still have been a rather clumsy attempt to give itself legitimacy. The owners boast of being regulated by the Grenadine FSA, but this regulator categorically refuses to license forex brokers, as any trader with even the slightest market experience knows.

In short, it is important to note that FSA regulation in Saint Vincent and the Grenadines is considered to be among the weakest, and registration does not guarantee the broker’s reliability. Finally, the FSA register does not contain links to websites, making it difficult to identify brokers.

Trading Conditions Explained

The minimum deposit is not disclosed on the bithoven.com website, and only the minimum spread threshold is indicated — from 1.1 pips. Besides, the instrument specifications are not transparent, with leverage up to 1:1000. Finally, the business model is that of an internal execution broker, and commissions and swaps are not always clearly stated.

The broker specifies only one type of account, promising to familiarize clients with the tools in their account after registration

Please note that there is a demo account on the platform. However, high leverage, hidden fees, and poor transparency of trading conditions lead to increased risk and systematic losses for traders.

Checking Compliance with Legitimate Rules

Although Bithoven.com claims to be registered in Saint Vincent and the Grenadines, weak regulation and opaque trading conditions raise questions about the legitimacy and reliability of this platform. For example, high leverage (up to 1:1000) may be attractive, but it also significantly increases risks. As for the broker’s legal address, it is a virtual office that can be rented remotely for only $250. Therefore, the firm has no physical presence in this offshore jurisdiction, and its founders are anonymous.

How Long Has Bithoven.com Really Been Around?

We checked the domain’s registration date using the WHOIS service and found that it was registered in May 2014. However, according to WebArchive, this domain name was for sale until 2019, and then this website was created on it. Incidentally, its interface has been changed at the moment, but the registration number in the FSA registry still remains the same (inactive, as we already know).

According to WHOIS data, the domain was registered on May 4, 2014

As for the company’s activities, it initially dealt only with trading and exchanging cryptocurrencies, but switched to CFD/Forex around the end of 2022. This decision seems quite odd, as derivatives and currency pair trading is much more heavily regulated than cryptocurrency, and the broker has not only failed to improve its regulation since then‌ — ‌on the contrary, it has lost its sole legal entity.

Platform and Support Overview

According to the information on the website, the XOH Trader platform is available for trading. However, you can only check its functionality after registering an account and downloading the software from your account. Furthermore, order execution and pricing are determined by the broker, not the platform. In other words, the catch is that spreads, slippage and requotes are not set by the liquidity provider, but by the B-book market model. Therefore, the XOH Trader may hide the real execution model. Finally, there is no information about well-known platforms such as MetaTrader4 or 5 on the website.

The website looks too cheap without special effects and sophisticated design

The contact details for Bithoven.com are listed as one phone number and three email addresses, including a separate one for Nigeria and South Africa. In addition, there is a feedback form and two social media icons on the website. It is noteworthy that these profiles on social networks X (Twitter) and Facebook stopped updating precisely at the end of 2022, when the owners suddenly changed their line of business. We wonder what happened?

Online Reputation: What We Found

Reviews of Bithoven.com are varied and contradictory. You can read some of the comments on Trustpilot, where the overall rating is 3.6 out of 5. Incidentally, the last of them were written in 2022, too.

It should be noted that the articles on review sites also refer to the period when the subject of our article positioned itself as a crypto exchange, and there are practically no recent articles on the Internet about Bithoven.com’s work as a CFD/Forex broker. In other words, this brokerage platform has no reputation on the internet due to its short period of operation and lack of promotion on modern social networks.

Conclusion: Risks and Reliability of Bithoven.com

Fortis Ltd does not exist as it is not regulated and its FSA registration has been cancelled. Therefore, its guarantees of a safe trading environment and assurances of “advanced liquidity management” are just fancy words to attract customers. In reality, this fake broker operates on a B-book model, helping traders lose their funds rather than earn money. Cooperation with this intermediary carries the risk of a complete loss of investment. We do not recommend that you enter into relationships with such organizations without a license and registered in jurisdictions often used by fraudsters and swindlers.

Sources

The following people worked on this review:

Emily Chen
This review is written by
Emily Chen
Offshore Expert
Edited by Sarah Mitchell

Emily Chen has experience working for a large international bank, where she acquired skills in the field of offshore financial services. Currently, she is engaged in the preparation of detailed analytical materials and recommendations on brokers offering reliable and effective solutions for offshore trading. Her knowledge helps potential clients make wise choices when investing through offshore dealers.