CryptoIFX Review 2023 – Is this Crypto Broker good or not?

General Information
Broker Name:	CryptoIFX
Broker Type:	Crypto
Country:	5 Richmond Hill Road, Beachmont, Kingstown, Saint Vincent and the Grenadines
Operating since year:	2021
Address:	Stoney Ground Road, St. Vincent and the Grenadines
Broker status:	Active
Customer Service
Phone:	+18008268126
Email:	[email protected]
Languages:	English
Availability:	24/5
Trading
The Trading platforms:	Proprietary
Trading platform Time zone:	/
Demo account:	No
Mobile trading:	Yes
Web-based trading:	Yes
Bonuses:	No
Other trading instruments:	Yes
Account
Minimum deposit ($):	$250
Maximal leverage:	1:400
Spread:	Floating
Scalping allowed:	Yes

CONTENT

• GENERAL INFORMATION
• FUNDS TRADING AND SECURITY
• THE TRADING ACCOUNTS
• TRADING CONDITIONS
• TRADING PLATFORM
• CRYPTOIFX’S TRADING PRODUCTS
• CUSTOMER SERVICE
• CONCLUSION

General Information

CryptoIFX is a brokerage that specializes in providing users a streamlined digital currency trading experience. Unlike many other similar brokerages, it also has numerous different asset types in its selection.

The broker operates from Saint Vincent and the Grenadines, more precisely, 5 Richmond Hill Road, Beachmont, Kingstown. Our CryptoIFX review will aim to help you determine whether it’s the right company to conduct your trades with.

When we say a broker focuses on crypto, it’s simple for non-digital currency traders to turn away and leave. Nobody can blame them since most crypto brokers are focused exclusively on digital currency.

Why is CryptoIFX so special?

That tends to leave the rest of their selection quite lackluster, if it even exists. But, CryptoIFX is different, as it manages to merge crypto and traditional investing assets in a comprehensive experience.

That innovative structure is its main draw, and while the formula is simple, it’s also effective. The primary complaints about crypto brokers are about their complexity and singular focus. CryptoIFX manages to mend both of those issues and come out as a unique experience. While it’s more of a universal broker than a niche one, it does something few manage to.

Because of that, the broker managed to stand out from the sea of new brokers that looked identical. Naturally, standing out is one of the requirements for your brokerage to break through, so CryptoIFX is on the right track. Before we continue our CryptoIFX broker review, we’d like to present some of its more interesting qualities:

·  No Transaction Fees

While transaction fees have been gradually disappearing in the brokerage world, crypto brokers and exchanges brought them back. As such, the standard for digital currency-oriented brokers is that they charge either deposit or withdrawal fees.

Conversely, cryproifx.com doesn’t ask for anything like that, with an entirely fee-free funding structure. That means more of your money goes into trading, allowing for larger profits.

·  Accessibility

As we already said earlier in our CryptoIFX review, the broker has quite a straightforward service. There’s no need to invest in wallets, then buy crypto and go through similar ordeals to trade. Instead, all you need to do is sign up, deposit the minimum, and you’re good to go.

Another aspect of the broker’s accessibility is its availability across the globe. With over 100 countries in its customer list, the broker brings crypto trading to those that would have no option otherwise.

·  Variety with CryptoIFX

Variety is one of CryptoIFX’s most noticeable advantages over other crypto firms. Namely, it’s one of the few digital currency brokers that offer a competent trading service with other assets. On top of that, it’s worth noting that the broker’s collection of trading products is quite large. With over 250 assets to trade on, you’re almost guaranteed to find the instrument you’re looking for.

CryptoIFX: Funds Trading and Security

Users should never conduct business with firms that don’t care about their online security. That’s true for a whole host of internet services, but especially for brokers, where customers invest significant amounts of money.

Even more specifically, crypto brokers are often the target of hackers due to the possibility of massive profits. They also promise a degree of untraceability, making them an even more attractive target. We are stricter with these brokers because we know how much harm these events can cause to users.

However, since its inception, CryptoIFX hasn’t had any such incidents. Furthermore, it’s challenging to find any security hiccup that would damage the broker’s image. Right away, that gave us high hope for the broker’s security measures. We were glad to find out that CryptoIFX delivered, creating a simple but potent security web for users.

It starts with 128-bit SSL encryption that prevents anyone from intercepting your data. That refers to anything you input on the site, be it your credit card info, username, and password. That pairs with the broker’s user verification measures, such as two-factor authentication. That means your account will remain secure as long as you have access to your email.

As for internal security measures, the broker’s clear website and transparent business produce a great deal of trust. Along the same line, the clear terms and conditions accomplish the same. Lastly, it’s worth noting that the broker practices user fund segregation.

That means your earned money will even be safe in the worst-case scenario where the broker goes down. As far as security goes, the broker earns a passing grade for our CryptoIFX review.

The Trading Accounts

As far as trading accounts go, CryptoIFX did well in maintaining a balance between new and loyal users. The firm offers accounts that scale with your investment level, adding new features along the way.

That creates a logical progression that traders can follow if they’re uncertain which type to go with. It also makes upgrading easier, as you can achieve it “naturally” by investing more over time. Because of that, it’s challenging to go wrong with any sort of account.

What are the available account types?

CryptoIFX broker has the following trading accounts available:

Rookie account

• Minimum deposit requirement of $250
• Minimum lot size of 0.01
• Trading platform
• Mobile trading capability
• 24/7 trading availability

Basic account

• Minimum deposit requirement: $2,500
• Minimum lot size: 0.01
• Trading platform
• Mobile trading capability
• 24/7 trading availability
• Availability of Islamic account

Elite account

• Minimum deposit requirement: $10,000
• Minimum lot size: 0.01
• Trading platform
• Daily analysis
• Mobile trading capability
• Availability of Islamic account
• Dedicated account manager

Elite plus account

• Minimum deposit requirement: $25,000
• Minimum lot size: 0.01
• Trading platform
• Mobile trading capability
• Dedicated account manager
• Daily analysis

 

For the VIP account, it’s crucial to get all the information from your account manager. The minimum deposit is $100,000.

Trading Conditions

The trading conditions CryptoIFX provides are a nice mix of versatility, accessibility, and complexity. As we’ve said multiple times throughout our CryptoIFX review, they’re one of the rare crypto brokers with other asset types. More precisely, they’re a rare example of a broker that does both aspects well enough to garner attention.

Because of that, you can’t simply reduce the firm to a crypto broker, as they’re quite diverse service-wise. That creates the preconditions for any sort of trader to enjoy the broker’s services.

The broker is also competent as far as individual trading conditions go. It has high leverage at a max of 1:400, which can help traders spread their capital to boost earnings. Its spreads are tight, meaning the costs of using the service are down to a minimum.

It has diverse funding options, meaning your money can easily get in and out of your account, minimizing disruptions. Lastly, the proprietary platform the broker employs is top-notch, but more on that soon in our CryptoIFX review.

Trading Platforms and Apps

• Trading Platform for Clients: Experience the advantages of trading with our customized, highly popular trading platform.

• WebTrader: Seamlessly trade directly on the global markets through your web browser without the need for any downloads.

• Android Trader: Access and efficiently manage your trading accounts from your Android smartphone or tablet.
• iPhone/iPad Trader: Trade conveniently on the move using our iOS trading app specifically designed for iPhone and iPad devices.

CryptoIFX’s Trading Products

Throughout our CryptoIFX review, we’ve emphasized the importance of its various trading instruments. Because of that, the firm is one of the few we could recommend for both digital currency and traditional trading.

Its variety allows for the simple application of fundamental skills, such as portfolio diversification. Additionally, when you have more choices, the average choice quality goes up, as you don’t need to compromise with assets.

• 24/7 Forex Trading: Trade global currencies on over 90 pairs, from just 0.3 pips.
• Spot Commodities: Trade a wide range of commodities, including Spot Gold from 0.4 pips, Spot Silver from 3 pips, and Crude Oil from 6 pips.
• Spot Indices: Invest in various market segments with our spot indices, featuring low commissions and fair pricing.
• Spot Energies: Engage in spot energy trading with favorable conditions and transparent execution. Trade WTI Crude Oil, Natural Gas, and Brent.
• Cryptocurrencies: Trade top cryptocurrencies like BTC, BCH, and ETH, capturing market fluctuations with zero commission fees.
• Spot Shares: Buy and sell over 1000 shares in the world’s leading companies instantly at the click of a button.

Customer Service

The importance of a competent customer support team can’t be overstated, and it seems CryptoIFX was aware of that. Its operatives are quick to respond and knowledgeable about common trading issues.

They work 24/5, as is usual for online brokers. You can reach them via phone, email, or the live chat option on the broker’s website.

• Phone: +18008268126

• Email: [email protected]

CryptoIFX Review: Conclusion

CryptoIFX set a formula we believe many traders will follow in the future. As crypto trading becomes more mainstream, so does the demand to unify it with traditional trading. Because so few firms do that, CryptoIFX took a gamble entering the unexplored territory. The risk paid off, as they’re now a rare example of a truly universal broker.

The firm backs up its trading product versatility with other features, such as excellent account typing. Suffice it to say, the broker also has powerful trading specifications since the versatility wouldn’t be worth much without them. Because of that, CryptoIFX manages to separate itself from the grain and become an experience users will struggle to find elsewhere.

We’d like to round off our CryptoIFX review with a definite recommendation. It did well in ensuring that both beginners and experts can enjoy its service, so it’s unlikely you’ll leave disappointed. For additional information you can always visit the cryptoifx.com review page!