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XBTFX

Antigua and Barbuda|2-5 years|
Suspicious Regulatory License|White label MT4|Regional Brokers|High potential risk|

https://xbtfx.io/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

XBTFX-Demo

United Kingdom
MT4
39

Influence

C

Influence index NO.1

3.61

MT4/5 Identification

MT4/5 Identification

Full License

39
Server Name
XBTFX-Demo MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

3.61

Surpassed 27.14% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

support@xbtfx.io
https://xbtfx.io/
Hodges Bay, P.O. Box 1348, St. John's, Antigua
https://www.facebook.com/XBTFX

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
XBTFX
VZN FOREX
SANDWIND GLOBAL

Broker Information

More

Company Name

XBTFX LLC

Company Abbreviation

XBTFX

Platform registered country and region

Antigua and Barbuda

Company website
Twitter
Facebook

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-04-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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XBTFX · Company Summary

General Information

Founded in 2019, XBTFX is allegedly a cryptocurrency-based forex CFD provider based in Saint Vincent and the Grenadines that provides its clients with leverage up to 500:1, tight spreads, and over 200 tradable products with three different account types and the worlds most popular MetaTrader4 and MetaTrader5 trading platforms, as well as PAMM/MAM & Copy Trades service and 24×7 customer support service.

Market Instruments

XBTFX advertises that it offers more than 200 trading instruments across six different asset classes in financial markets, including cryptocurrencies, forex, metals, commodities, index CFDs and stocks.

Account Types

There are three live trading accounts offered by XBTFX, namely Standard, ECN and Islamic accounts. Opening any type of account requires the minimum initial deposit amount of $10. Islamic forex accounts, also known as swap-free accounts, have no swap or rollover interest on overnight positions. Currently, the XBTFX Metatrader5 platform only supports Islamic trading accounts using Tether ( USDT ) as a base trading account currency.

Leverage

The maximum leverage ratio provided by XBTFX is much higher than most brokers, up to 500:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are influenced by what type of accounts traders are holding. XBTFX reveals that the spreads on the Standard and Islamic accounts start from 1 pip, while the clients on the ECN account can enjoy the lowest spreads from 0.01 pips. As for commissions, they vary depending on different account types and tradable asset classes. For forex, commodities and CFDs, the broker will charge 0 commission on the Standard and Islamic accounts, while $3.5 per lot side on the ECN account. For cryptocurrencies, the broker will charge 0 commission on the Standard account, but 0.075% per deal on the ECN account and 0.15% per side on the Islamic account. For share CFD, the broker will charge a commission of $0.10 (USA) and 0.45% (EU, ASIA, Russia) on any type of account.

Spreads

Trading Platform Available

When it comes to trading platforms available,XBTFX gives traders the worlds most widely-used MetaTrader4 and MetaTrader5 platforms, available for desktop, the Web, iOS (iPhone/iPad) and Android devices. MT4 and MT5 both are institutional multi-asset platforms offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems (trading robots) and copy trading. MT4 and MT5 WebTraders allow you to take advantage of trading right from your browser using any operating system, and you can place orders, amend existing positions, and use advanced technical analysis tools and indicators right from your browser. While with MT4 and MT5 mobile apps, trading can be done from anywhere and at any time through the right mobile terminals.

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Deposit & Withdrawal

XBTFX accepts a wide selection of deposit and withdrawal methods including cryptocurrencies of Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Binance Coin, Cardano, Stellar lumen, Dogecoin and Tron, as well as stable coins of Tether, USD Coin, PAX and Multi-collateral DAI. The broker will charge some withdrawal fees. To be more specific, 0 for non-ETH ERC20 tokens and ETH/ERC20 FEES apply, while deposits with no fee.

Customer Support

XBTFX‘s customer support can be reached through email: support@xbtfx.io or live chat. Besides, you can also follow this broker on some social media platforms like Facebook, Twitter and Reddit. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.

User Reviews

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User comment

6

Comments

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Anatoli
6-12months
I am a first time user of cTrader, and need to note that this platform rocks. When I realized that there is an option for detachable charts, it was one of my “wow” moments. I love it.
2023-10-21 21:02
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0
0
Jimmy
more than one year
Advanced functionality and no intermediaries. That’s what I need. In addition, the broker offers transparent pricing and really fast execution when requotes are extremely rare.
2023-02-24 14:43
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0
0
民众
more than one year
Nothing to complain. I have been using XBTFX services for about six months. I can rate the quality of service at 5 stars. The servers are working stably, and technical support quickly processes questions.
2023-02-14 16:31
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0
0
FX1078205926
more than one year
It can be said that Saint Vincent and the Grenadines is a notorious country in the foreign exchange industry... I am not saying that this country is not good, but because the local financial authority grants licenses abroad, many companies will choose to register there . and they claim to be licensed... but actually their license does not cover Forex. So my advice is to stay away from any forex company registered there.
2022-11-30 14:49
Reply
0
0
安稳随性
more than one year
So far my experience here is not bad, I opened a standard account for only $10. The spread is not too high, the trading platform is very friendly, and you can choose between mt4 and mt5. The best thing is, of course, their customer service. The online chat support is really attractive to me. No matter if I have any trading questions, they will be very warm and friendly to answer for me patiently.
2022-11-28 10:27
Reply
0
0
hy
more than one year
Only news is traded on my account, and from what I've seen, slippages on xbtfx are rather small. Effective for on news trading. Advantages include quick news updates and simple one-click trading on MetaTrader.
2022-11-27 10:14
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0
0
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