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XBTFX

Company XBTFX LLC
Website
Broker type MM / Crypto
Minimum deposit -
Regulations No
Discount -

Average rating

View ratings
9
Total average

9/10

Credibility ( 8.8 )
No problems with withdrawals. No suspicious practices.
Customer Service ( 9.1 )
Contact with the support. Deposit/withdrawal process. Reliability.
Offer ( 9 )
Level of spreads and commissions. Product Range.
Platform ( 9.1 )
Ease of use, fast execution, reliability.

Description

XBTFX is an offshore CFD and cryptocurrency broker from st. Vincent and the Grenadines. It offers cryptocurrencies trading with leverage up to 1:50 and FX, Commodities & Indices trading with leverage up to 1:500. Trading accounts are quoted in BTC, ETH, USDT or USDC. Broker is using Meta Trader 5 as trading platform. 

Michał Misiura

Specifications

Company XBTFX LLC
Website
Broker type MM / Crypto
Leverage 1:500
Minimum deposit -
Negative balance protection Yes
Regulations No
Trading platforms MetaTrader 5
Payments BTC, ETH, USDT, USDC
EUR/USD Spread -
Min lot -
Country St. Vincent and the Grenadines
Established in 2019
Number of instruments 200+
Discount -

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XBTFX - No news & warnings

XBTFX - Reviews (9)

8.0
Partial ratings
Credibility:8
Customer Service:8
Platform:8
Offer:8

Nice leverage for crypto, goes up to 25:1 for the main pairs. There is higher leverage elsewhere but with crypto even 10X is too high to survive. I find extremely positive that withdrawals have been qucik. In my opinion this is very good broker for crypto trading.

Plusses
  • Nice leverage
  • fast withdrawals
  • fair spreads, ea supported
Minors
  • None on my mind
Posted on
9.0
Partial ratings
Credibility:9
Customer Service:9
Platform:9
Offer:9

All major instruments are available for trading with crytpos. I think that these guys do good job here

Plusses
  • Availability of instruments
  • fast withdrawals
Minors
  • None in my mind
Posted on
9.0
Partial ratings
Credibility:9
Customer Service:9
Platform:9
Offer:9

Super conditions for trading in intraday

Plusses
  • Excellent spreads
  • The broker is suitable for automatic trading
Minors
  • Crypto deposit
Posted on
8.0
Partial ratings
Credibility:8
Customer Service:8
Platform:8
Offer:8

This is a great broker for beginners, because it is a cryptobroker, and crypto accounts can be absolutely small. But you should not get carried away with reducing the minimum lot, last I checked))

Plusses
  • Deposits from 5 bucks
  • Many pairs with BTC
  • Cryptowallet
Minors
  • none
  • none
  • none
Posted on
10.0
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:10

I opened an account at the beginning of the year, trading with small amounts. Everything is fine so far, execution is fast and so on. I hope the conditions will not change with the growth of the client base. I'm especially worried about spreads. Now they are the low in comparison with other brokers. What will happen next is not yet clear.

Plusses
  • Execution
  • spreads
  • positive reputation
Minors
  • not found for now and for me
Posted on
10.0
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:10

I have been trading here since February, looking for a broker that supports crypto wallets completely deposit and withdraw to trade forex: to open an account, to have an internal wallet. Xbtfx created something like crypto-wallets - there are ETH, BTC, XPR, USDT.

Plusses
  • stp broker
Minors
  • none to my mind
Posted on
9.5
Partial ratings
Credibility:10
Customer Service:10
Platform:9
Offer:9

They have a good assortment of assets, including shares and indices, and no restrictions on trading. I have not experienced execution delays in any trade condition however some CFDs do seem to execute slower. They are specific to using crypto only for deposit and withdraw. If you are afraid to store in BTC, open DAI or tether account which is like a USD account.

Plusses No plusses
Minors No minors
Posted on
9.3
Partial ratings
Credibility:7
Customer Service:10
Platform:10
Offer:10

Been using them for a bit over a month with no issues and even seen some positive slippage but also some negative. This tells me trade systems are honest. Withdrawals are fast and very good crypto options.

Plusses
  • Crypto options and website
  • Fast service
  • Excellent trade execution in mt5
Minors
  • Broker is young
  • Would like to see btcusd spread lower
  • No stocks
Posted on
8.3
Partial ratings
Credibility:8
Customer Service:8
Platform:9
Offer:8

I've just started to testing it. Everything looks fine. Lest try to earn somethin. Test payment in BTC worked just fine.

Plusses No plusses
Minors No minors
Posted on

Submit your own review

No problems with withdrawals. No suspicious practices.
Contact with the support. Deposit/withdrawal process. Reliability.
Level of spreads and commissions. Product Range.
Ease of use, fast execution, reliability.

 

I confirm that this review was written based on my own experience and was not solicited in any way by any broker.

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