Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from XBTFX review
About the broker
Web: | xbtfx.io |
License: | |
Supported languages: | English |
Year of foundation: | 2019 |
Holder: | XBTFX LLC |
Headquarters: | First Floor, First St. Vincent Bank Ltd Building, Kingstown, Saint Vincent And Grenadines |
Methods of contacting customer support: | E-mail, online chat |
Contact: | support@xbtfx.io N/A |
Deposit methods: | Bitcoin, Bitcoin Cash, Dogecoin, Dotpay, Ethereum, Litecoin, Ripple, Tether |
Withdrawal methods: | Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Ripple, Tether |
About trading with XBTFX
Minimum deposit: | 1 USD |
Min. trade: | 0.01 |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:500 |
Spreads: | Look at the spread table - spread on the currency pair EUR/USD is 1.0 pips * on a standard account type |
Underlying assets: Might be a CFD. | Forex (75), stocks (120), commodities (16), indexes (12), cryptocurrencies (100) |
Base currencies: | USD |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | MT5, WebTrader |
Social trading: |
Spreads & fees
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at XBTFX, of course you can find current info on their website xbtfx.io.
Spreads at XBTFX on standard account*
EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
---|---|---|---|---|---|
1.0 |
* Spread was taken 17.09.2020 at 09:44 from the web or trading platform of XBTFX.
Random reviews of competing CFD brokers: AvaTrade, Just2Trade , Forex4Money and Prosperity4X
Frequently Asked Questions
🧐 Is XBTFX a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if XBTFX is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with XBTFX is very simple, just register on their website.
📱 Does XBTFX offer the best mobile app for trading?
XBTFX offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the XBTFX mobile app.
⚖️ Would you recommend me XBTFX?
XBTFX is one of tens (possibly hundreds) of brokers operating in the European Union, Australia, New Zealand, Great Britain and United States of America, and that's why it makes no sense to choose XBTFX as a broker where you trade before you compare it with competitors.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
---|---|---|---|---|---|---|
100 USD | 1.0 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Etoro. | ||
0 | 0.9 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of XTB. | ||
100 USD | 0.8 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Plus500. |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 76% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with XBTFX, please share it in the comments to help others to choose the suitable broker.
I trade and transact using crypto with this broker; my former broker was strict with fiat currencies. Crypto is the future and I like that brokers are now incorporating it into their operaton. All the crypto transactions I have done in terms of deposit and withdrawal have been fast
0
It has a low cryptocurrency fee of only 0.075% per deal. The broker provides a standard and an ECN account. I recommend that long term traders go for the standard account and day traders should go for the ECN account so as to use the tight spreads which is as low as 0.01 pip
0
Had issues with my trading account but the support came to my help and got it solved within a short time. I am impressed by the prompt response
0
The fast withdrawal of funds makes me able to use the withdrawn funds for emergency purposes. When brokers take 2 t 3 days before they withdraw funds it tires me
0
It is not the best broker I have seen but the services are also professional and I have an account with the broker. It provides tight spreads, fast withdrawal, quick execution, and a professional charting outlook
+ it works well
– no complaints for now
0
The cryptocurrency news and analytics are very good here. They are released constantly and they give some very good ideas that have helped me in some situations.
0
Not sure the broker has much bonuses; that is the little downside for me. Aside that, the services are professional and I believe that beginner and pro traders will enjoy the trading services.
0
For now I have not noticed any restrictions. It works with my strategy and I am encouraged to do more. Will update when I have more to write or notice something negative.
0
I find that there are very good conditions for scalping with this broker. Platform and my ea are operating without any issues. There are very low spreads of major forex pairs. Withdrawals are within one day.
0