Sat. Jan 29th, 2022
XBTFX Отзывы

About the company

XBTFX was established in the year 2019. The organization is working to close the gap between cryptocurrencies and forex brokers by improving transparency, usability, and capabilities. Cutting-edge technology is combined with industry-recognized platform support, low latency connectivity, and liquidity by the broker. A cryptocurrency-based CFD broker now provides leveraged trading on more than 200 assets. The company now employs over 20 people across four locations.

The broker is licensed in Saint Vincent and the Grenadines and is exempt from any regulatory requirements. Non-residents of all world jurisdictions can use the services, except nationals of the United States, Canada, Singapore, Australia, Belgium, and North Korea.

MT4 and MT5 are the two trading platforms available to XBTFX clients. These are tried-and-true platforms that are excellent for both novice and experienced investors. Both terminals are available for download to desktop, mobile, and tablet devices and are compatible with all major web browsers.

Mobile applications

Mobile applications for MetaTrader are available. They are free to download, work with both iOS and Android smartphones, and allow users to access most of the desktop platforms’ trading capabilities, such as analytical tools and custom charts while on the go.

Account types

Standard and ECN accounts are available at XBTFX. Both trading accounts are appropriate for both novice and experienced investors and offer a variety of trading options. Both accounts feature a modest minimum deposit of $5, access to all trading products, and are suitable for all investment strategies. BTC, ETH, USDT, or USDC are the base currencies for MT5 accounts, whereas MT4 accounts only trade in USD. Clients can deposit using a variety of cryptocurrencies and then trade them for base currencies.

Online account signup takes only a few minutes. In compliance with Know Your Customer (KYC) regulations, XBTFX requires you to present documentation to verify your identity. The broker has two stages of KYC. The first level gives you basic trading access, but there are certain limitations, such as withdrawal limits. Email confirmation, home nation, and phone number are all necessary. Meet the second level of qualifications for unrestricted withdrawals and a weekly exchange limit of $100,000 in digital currency equivalent.

Standard

Traders who like zero commissions with trading commissions included in spreads will find this product appealing. Position traders and swing traders frequently use these accounts.

  • Spreads start at 1 pip 
  • Option for an Islamic Account
  • Trading in micro-lots is possible.
  • A $5 minimum deposit is required.
  • only MT5

ECN account

Scalpers and those that utilize very short-term strategies typically use these accounts.

  • Spreads start at 0.01 pips on MT4 and MT5.
  • Trading in micro-lots is possible.
  • A $5 minimum deposit is required.

Demo account

On the MT4 and MT5 trading platforms, the company provides a demo account option. These are excellent methods for practicing trading, learning platform features, or testing a strategy without putting actual money at risk. Traders can have access to virtual BTC money and trade in real-time. To start a paper trading account, you must complete a short online registration form.

XBTFX Отзывы

Resources

The broker allows clients to purchase and exchange resources from five types of investments: 75+ major, minor, and exotic currencies, commodities, indices, Cryptocurrencies: More than 25 digital currency pairings and stocks (More than 100 large companies in the EU, Asia, Russia, and the US).

Leverage

  • Stock CFDs: Fixed at 1: 5.
  • Index CFDs: Fixed at 1:50.
  • Commodities: Fixed at 1:20.
  • Crypto Majors: fixed at 1:25.
  • Crypto Extended: fixed at 1: 5.
  • Forex: up to 1: 500, depending on the account.
  • Metals: up to 1: 500, depending on the account

Deposits

For all account types, the minimum deposit is equal to $5 in bitcoin. Fiat currencies are not accepted as a form of payment. It’s fantastic that the broker is providing free deposits for all coins. The time it takes for funds to be credited to a live trading account to be processed is determined by the blockchain confirmation time. Traders must send digital currency to the wallet to finance their accounts.

Withdraw funds

Withdrawals are also free. Although processing periods vary, the broker strives to execute the transaction within one business day. Traders who do not provide Know Your Customer (KYC) account verification information face restrictions. This includes a daily withdrawal limit of $ 10,000 equivalent in digital currency.

Additional features

The company’s website has instructional elements as well as a portal for breaking news. The blog format offers analysis and announcements that are appropriate for both novice and seasoned investors. To supplement educational information, graphics, video content, and photographs are employed. Less experienced traders may also learn trading essentials such as forex terminology and how to read charts and manage leverage. The data is updated regularly.

As a result, in this review, we can see some flaws of this broker including Lack of telephone contact, Lack of replenishment of the fiat account, Limited global availability, and mostly the fact that the company is unregulated.

By admin

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