|Country:||5 Richmond Hill Road, Beachmont, Kingstown, Saint Vincent and the Grenadines|
|Operating since year:||2018|
|Address:||Saint Vincent and the Grenadines|
|The Trading platforms:||Proprietary|
|Trading platform Time zone:||/|
|Other trading instruments:||Yes|
|Minimum deposit ($):||$250|
CryptoIFX Review 2021 – Is this Crypto Broker good or not?
- GENERAL INFORMATION
- FUNDS TRADING AND SECURITY
- THE TRADING ACCOUNTS
- TRADING CONDITIONS
- TRADING PLATFORM
- CRYPTOIFX’S TRADING PRODUCTS
- CUSTOMER SERVICE
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. 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.
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. That’s why we’re often more strict with such brokers since we’re aware of how much such events can harm 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 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 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.
Furthermore, there are both budget and luxury options so traders can choose which one they prefer. However, even the budget options offer a complete trading experience on their own without any major restrictions. That means you won’t ever feel forced to go over to the next type to get a satisfactory experience.
Still, if you show that you’re a serious customer by investing more either instantly or incrementally, CryptoIFX rewards you. You get a series of luxury features, including managers and professional guidance, among others. The features make the trading process more convenient but also make it slightly easier to turn a profit.
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.
CryptoIFX crafted a unique platform for its service that emphasizes the broker’s primary strengths. The software manages to capture both the uniqueness of crypto trading and more traditional securities. On top of that, getting used to it is remarkably simple, with a comprehensive UI and functionality. The software comes in all the favorite options for traders, with both mobile and web options.
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.
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.
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 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.
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