XBTFX.io (Review 2021)

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 No
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 No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 46

Pros

  • Anonymous trading if you deposit with cryptos
  • Over 200 trading instruments
  • MT5 powerful platform
  • High Leverage full STP/ECN Account
  • No Minimum Deposit
  • Demo Account Available

Cons

  • Website with bugs
  • Support Only via Email
  • Unregulated, no License

XTBFX.IO - Trade now with no KYCIs 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.

 

XBTFX operates under the domain https://xbtfx.io/

 

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

Level 1 KYC (Anonymous)
Level 2 KYC
Only Crypto Account Enables Stablecoin Account &
One Click Exchange
CFD trading Weekly exchange limit: Up to 100K
Daily Crypto Withdrawal
Limit: Up to USD 10,000
Daily Crypto Withdrawal
Limit: Unlimited
Level 1 KYC Requirements Level 2 KYC Requirements
Email Verification Valid Proof of Identity
Country Entry Valid Proof or Residence

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.

Moving from Level 1 KYC to Level 2 KYC is your decision and can take place anytime in the future.

 

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!

Standard ECN
Trading Platform (Desktop, Mobile & Tablet)
Metatrader 5 (ΜΤ5) Metatrader 5 (ΜΤ5)
Minimum Deposit None None
Deposit Fee None None
Withdrawals Daily Daily
Withdraw fees 0 0
Forex, Commodities & CFDs fees Zero Commission $3.5 / lot
CryptoCurrency fees Zero Commission 0.125%
Spreads From 1 pip From 0.01 pips
MT5 Account Base Currency BTC, ETH, XRP, USDT, USDC BTC, ETH, XRP, USDT, USDC
Minimum Deposit None None
Leverage Up to 500:1 Up to 500:1
STP Lock Available YES YES
Execution Server London Equinix LD4 London Equinix LD4
Micro Lot Trading (0.01) YES YES
Currency Pairs 76 76
Cryptocurrency 100 100
Index CFDs YES YES
Commodities and Metals YES YES
Automated Expert Advisor trading Yes, Encouraged! Yes, Encouraged!
Trading Styles Allowed All All
OPEN ACCOUNT OPEN ACCOUNT

 Contact

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.

For support inquires: support@xbtfx.io
For marketing inquiries marketing@xbtfx.io
For general inquiries info@xbtfx.io

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.


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