XBTFX - Reviews (STP, EA, crypto)

Day

Trader
Jul 25, 2020
14
0
7
32
I found an interesting broker on the babypips forum (offshore thread for US citizens). In short, no restrictions. Deposit from 1 dollar, while withdrawing money to the interbank market. For all that, registration by e-mail. As for me, everything is too good, and therefore suspicious. What attracts on the one hand and scares on the other is that there is no account verification, which is needed to withdraw money. Who thinks what?
 

Day

Trader
Jul 25, 2020
14
0
7
32
I ment that orders go directly to liquidity provider. looked reviews also on forexpeacearmy...looks good
 

Variss

Active Trader
Sep 14, 2015
24
1
39
Do you mean STP as the interbank market??? But this is a common thing for crypto exchanges. You can trade with any amount on the exchange. This is the same analogue of the interbank market, is not it? At the same time, registration on the crypto exchange is by e-mail as well.
 

Day

Trader
Jul 25, 2020
14
0
7
32
Yes I agree. However, XBTFX also offers to trade with forex assets and even shares on a par with CFDs. I haven’t seen such assets on any crypto exchange, you know.
 

Variss

Active Trader
Sep 14, 2015
24
1
39
Yes I agree. However, XBTFX also offers to trade with forex assets and even shares on a par with CFDs. I haven’t seen such assets on any crypto exchange, you know.
You are confusing concepts or not fully understood. According to the trading terms, to buy a share on XBTFX, you must pay one hundredth of the lot. There are 100 shares in a lot, which means you need to have enough funds to pay for one share. It's not about one dollar. Everything is usual here. It would be suspicious if the broker offered to buy part of the shares, since this is not done in the real world. The fundamental difference between a crypto broker and a regular forex broker is in the symbiosis of functions. You only need an e-mail for registration, like on a crypto exchange, and at the same time you have a deposit in cryptocurrency, like on a crypto exchange. The broker buys assets of the real financial sector for itself, acting on your behalf. That's all.
 

Day

Trader
Jul 25, 2020
14
0
7
32
Well, that makes sense. Do you see any risk in having a cryptocurrency deposit? There is a chance to lose it without even trading.
 

Jotori

Trader
Oct 23, 2020
9
1
9
33
My answer will be that traders are the same investors, and investing is depositing money in order to make a profit. Investing will not work without confidence in success, and I am sure, because on the eve of voting for the President of the States, the crypto market is growing. Direct correlation with the dollar! This is the best example of the viability of the crypto market.
 

Jotori

Trader
Oct 23, 2020
9
1
9
33
Well, that makes sense. Do you see any risk in having a cryptocurrency deposit? There is a chance to lose it without even trading.
BTC. USDT and other - no worries for me at all. And then I do not remember a single case when some crypto-coin from the first hundred fell in price to 0. Stablecoin is one of the best choise if you worry