17 reviews of XBTFX are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I've started here with demo. On crypto 25x is low compare to exchanges but even with 25 leverage its far too risky for cryptos. It's better to start with a lower one, do not use more than 5x with crypto. I advise beginners to use very low leverage and tight risk management for a start.
I have been here for a while now. Over time I have seen XBTFX as a broker that could be trusted owing to the professional services offered by the broker. With my 10 years of experience in forex trading I can easily detect when a broker is fraudulent. It starts with shifting execution points, having crazy slippages during a volatile market, delaying withdrawals, and bad customer services. XBTFX is good for traders using just the fundamental analysis, the ones that trade only the technical analysis and also traders that combine the two. You can use the constant news update to know what is up in the market and also predict the next market news. Trading news works well because of the tight spreads, the spreads do not become unnecessarily big during news releases.
Minimal slippages during news. The spreads do not also increase unnecessarily during news. To withdraw profit is fast, I think it is very fast because of the cryptocurrency and stablecoin options, it is just my thought though.
It’s a good broker. Orders are executed really fast and I have been with this broker since last year without any problems. When I withdraw, it comes within and hour or less.
Deposit and withdrawal come with no charge. With my experience using this broker, would say that it is good for all kinds of traders.
My ea on ethusd is working absolutely without any kind of delays or interruptions. I am very satisfied how it all operates with this broker, aside that spreads here are one of lowest on the market with some up to 2-3 on eth.
I have usdt based account with this broker, so I had to go through kyc procedure, but it was not at all too complicated as I was expecting to be but they do have face check which i dont like but it's common now. I deposited ETH and converted to USDT eaisly for live trading . Very quick setup and no problems thus far with their MT5
With my previous brokers I always had usd based account. This is first time that I am using bitcoin and usdt in MT5. I was a bit sceptical how it would work, especially considering crypto is not official currency . After two months of using it, I cannot find any difference, except that I am receiving my funds much faster and its eaiser to deposit.
Good conditions for crypto scalping, or at least much better from my previous broker. The spread on BTC is over $10 but there is large slippage that i have seen on other brokers. I have to note that I am scalping only major crytpos, as I find there the best liquidity among other coins. Spreads are lower over all. Deal execution runs good, I have experienced any situation where my deal was not executed even when I was opening position immediately after I closed previous one. There were also none to milinal slippages, and I hope this will remain the same in the future. I have withdrawn coins few times now, each time got coins within a few hours, without any issue or commission.
There is only limited number of cryptos which can be used for base account. I have opened USDT account here for trading currencies, but have transferred funds from my LTC wallet. This exchange cost me some 3%, but compared with fees from other exchanges, I haven’t found that this is high, I would say that this was fair exchange price
I like leverage which this broker offers. While they have 500:1 for FX, i trade crypto. I find that 25:1 here is more than sufficient for crypto trading. Brokers are relatively reluctant to deal with leverage with cryptos due to its volatility but 25 is more than needed.
These guys will be big I bet in a couple of years if they keep it up, best support I’ve used. Some extra features that are nice like crypto to crypto exchanging. FX as expected. I think they might lack some credibility due to no phone number but that’s the norm in crypto I guess.
I recommend them for those who trade fx, crypto and want stocks (wowow, how much stocks!!!) xD. From testing them the STP seems real. it's also important for me they don't have requirements for clients (id, residence if you undestand what I mean). withdrawal without problems to btc
This is one of the better brokers that provide the benefit of no kyc, crypto deposit and Metatrader . Commissions are low and there are no deposit restrictions without KYC. Importantly, they are young and it affects the speed of support and service, it is obvious that they are trying to do their best from my interactions so far.
Started with the demo and found they have a fair amount crypto pairs which, in fact the reason I tried them in the first place. They also have the usual forex pairs and shares that I use, primarily major pairs. Stock commissions are really good compared to other brokers.
The con is the need for more cryptocurrencies
The advantages are there are a lot of trading assets, for me it is not so important how many of these currency pairs are there, but what really matters are indices and shares of the USA
in general, for medium-term trading and whoever wants to try trading can take a closer look at this broker, I recommend it
No problems to report , i'm getting good results with these big market moves trading here
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