XBTFX.io (Review 2021)

XBTFX

• Zero commission accounts, ECN accounts
• No KYC for trading with bitcoins (Anononymous Trading)
• KYC only for stablecoins deposits & exchange
• MT5 platform, 200+ instruments (FX, Crypto, Gold etc)
• 500x leverage on FX, 50x leverage on crypto trading
• Real STP liquidity

No KYC Required

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Details

Broker	XBTFX
Website URL	https://xbtfx.io/
Founded	2019
Support Number	No
Support Types	Email
Languages	English
Trading Platform	MT5
Minimum 1st Deposit	1$
Bonus	No KYC Required
Leverage	Up to 1:500
Spread	Low
Free Demo Account
Deposit Methods	Cryptocurrencies
Withdrawal Methods	Cryptocurrencies
Trading Methods	Scalping, Hedging, EA Trading
Number of Assets	200+ Trading Instruments
Account Currency	Cryptos, Stablecoins
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	46

Is XBTFX a scammy online trading broker?

Is XBTFX a reliable margin broker where you can enjoy fair trade forex?

Read this honest XBTFX Review and learn more information about XBTFX, so you can personally deside if this Broker fits to your needs!!

XBTFX is a new trading broker based on cryptos and stablecoins, offering high leverage trading on Forex, Major Cryptocurrencies, Commodities etc… Established on late 2019, XBTFX is a new player in the market who aspires to attract newbie and experienced crypto traders.

XBTFX is owned by XBTFX LLC, a Saint Vincent and the Grenadines company registered by the Financial Services Authority of Saint Vincent and the Grenadines.

What is important to know is the fact that XBTFX is an unregulated offshore forex broker. This means that the broker has no leverage restrictions, is not obligated to follow KYC guidelines, can offer promotions and bonuses and in general is flexible to follow its own business plan. On the other hand, since this broker has no licence, it is easier to follow scam policies (take your cryptos and disapear). However, our experience says that there are trustworthy Unregulated Forex & Crypto Brokers. XBTFX doesnt have any sign of scam yet, however it’s to early to judge because 2020 is its first year in the Crypto-trading market.

is XBTFX an anonymous Forex Broker?

XBTFX.io (Review 2021)

• Zero commission accounts, ECN accounts
• No KYC for trading with bitcoins (Anononymous Trading)
• KYC only for stablecoins deposits & exchange
• MT5 platform, 200+ instruments (FX, Crypto, Gold etc)
• 500x leverage on FX, 50x leverage on crypto trading
• Real STP liquidity

No KYC Required

Visit Now

XBTFX has 2 verification levels, each with different KYC requirements.

If you want to stay anonymous, there is a Level 1 KYC. The information you provide are: an email account, a sign up password and your country of residense. No sensitive personal Data. At this KYC level, you can deposit only via cryptos, you are eligible to trade CFD’s via XBTFX platform and your Daily Withdrawal Limit is the equivalent up to $10.000, fair enough for most traders. (I personally do not know many retail traders that withdraw more than $10.000 from their trading account).

Level 2 KYC is next KYC Level offering more options. At this level, stablecoin deposits (such as Tether Deposits) are allowed. The one click Exchange is available with a weekly exchange limit up to $100K or equivalent and the is no Daily Withdrawl Limit. This KYC level refers to professional traders/trading managers and requests a Valid Proof of Identity (Passport, national ID card, Driving License) and a Valid Proof of Residense (Bank Statement, Utility Bill etc).

Open an Account to XBTFX

Sign up process is fast and easy. When you visit XBTFX Website you can easily find the OPEN ACCOUNT Button in the right of the page.

When you sign up to XBTFX, you always sign up to the level 1 KYC, so you keep your personal Data protected (Anonymous Trading). As long as you deposit and withdraw with Bitcoin (or other cryptos like Ethereum etc), XBTFX is not going to ask you more documents.

If you decide to use XBTFX as an exchange, or you plan to deposit using stablecoins,  a Level 2 KYC is required.

XBTFX Account & Platform Details

XBTFX.io offers two types of account: Standard and ECN accounts. These options match the needs of newbie and experienced traders with flexible trading conditions and leverage up to 500:1.

Of course, there is the option to use a DEMO Account and trade with virtual money, just to test the company.

XBTFX.io offers True STP –  XBTFX traders are connected straight to liquidity providers which ensures fair market execution and allows traders to have some of the best spreads available among Cryptocurrency brokers!

The contact support is available only via email, and that is something that XTBFX has to improve in the future. We would like to see soon a telephone number and a Live Chat app. Empowering relationships with its customers is the only way for a newbie broker to succeed and survive in the market. Longterm relationships and happy traders are established via fast and direct communication such us telephone and Live Chat.

For now traders, depending the inquiry can select through the following email addresses.

Restricted Areas

XBTFX does not provide services to any person that is located in or a resident of the United States of America, Québec (Canada), Belgium, Crimea and Sevastopol, Iran, Syria, North Korea, Sudan, or any other jurisdiction where the services offered by XBTFX would be contrary to local law or regulation.

Security

• 95% of XTBFX clients’ funds are stored in cold storage.
• XTBFX supports 2 Factor Authentication as an extra layer of security.
• 10% of company earnings are deposited to an Insurance Fund.

Overall

XBTFX is a new cryptobroker (a forex trading broker that offers crypto – accounts such as Bitcoin, Ethereum, Ripple etc) offering promotions, high leverage, MT5 trading and attractive spreads.

As most cryptobrokers, XTBFX is an unregulated offshore forex broker, which means that operates without following a number of strict rules of a regulation body such as FCA in the UK or CySec in Cyprus.

What is very special is that XBTFX offers traders the opportunity to trade anonymously (only using their email) in MT5 trading platform. Visit now XBTFX and enjoy MT5 trading seccions without sharing your personal information.