CryptoIFX is a cryptocurrency broker headquartered in Stoney Ground Road, St. Vincent & the Grenadines. The platform was introduced in 2021 to provide an efficient crypto trading experience and trading services in other markets, including currency pairs, stocks, derivatives, commodities, spot metals, and indices.
Its variety in instruments makes it a unique crypto broker, while its funding process that does not include transaction fees allows clients to put more of their investment dollars in the markets, increasing their potential profits.
Here’s an overview of what CryptoIFX can provide:
- Secured funding options
- Fast withdrawal without charges
- Free educational tools and market analyses
- More than 500 financial instruments to trade
- No slippage, no requotes
- Flexible leverage up to 1:400
- Most advanced platform
- Platform available on Windows, Android, and Apple
Regulation and Safety
The cryptocurrency world is reputed for its transparency. However, hackers often target crypto brokers and exchanges due to their open-source code libraries. One breach could give them unauthorized access to the assets of thousands of users. That is why market players need to approach cryptocurrency trading with caution and a well-thought-out plan. So far, CryptoIFX has not encountered any hacking incidents, while its security measures appear to be solid.
The platform runs a 128-bit SSL encryption which protects the privacy of the traders’ username, password, and other personal information. That encryption is supported with two-factor authentication to keep the accounts safe as long as they have access to their emails.
As regards funding security, CryptoIFX practices user fund segregation, meaning the clients’ funds are safe and kept separated from the firm’s funds and will remain that way if the broker shuts down.
CryptoIFX not only accepts trading in cryptocurrencies, but it also allows trading in:
- Global currencies
- Spot commodities
- Spot indices
- Spot energies
- Spot shares
CryptoIFX currently supports trading in major cryptos such as BTC, BCH, and ETH, with zero commissions, while it offers more the 90 currency pairs from 0.3 pips. In addition, trading in different spot commodities (gold, silver, oil, etc.) ranges from 0.4 to 6 pips. Traders can also opt for spot indices in all market segments with short commissions and decent pricing. Or they can choose spot energies, including the West Texas Intermediate (WTI) crude oil, Brent crude oil, and Natural Gas. Spot shares are also an option in CryptoIFX, with over 1,000 shares available to trade.
The signup process with CryptoIFX is pretty straightforward. Traders only need to choose the type of account they want, deposit the minimum, and they are ready.
Users looking to register with CryptoIFX can choose to open one of the following accounts:
- Elite Plus
The Rookie Account is designed to work as a starter kit for clients who have only started learning the ropes of trading. It is a budget-friendly account as it only requires a minimum deposit of $250 and includes standard benefits such as the platform itself, mobile trader, 0.01 minimum lot size, and 24-hour trading.
The Basic Account upgrades the services of the Rookie by allowing specific traders to open an Islamic Account. Therefore new traders looking to participate in the markets in accordance with the Sharia Law can opt for this for $2,500.
The Elite Account is another account of CryptoIFX that let traders sign up for an Islamic or Swap-free account, but for a minimum investment of $10,000. This account covers the benefits of using the Basic Account, plus daily market analyses and the support of an account manager.
Traders who don’t need to trade under Sharia Law but would like access to services similar to the Elite Account can do so with the Elite Plus Account. However, traders need to note that this account does not include an account manager, and its minimum deposit of $25,000 is much higher than the standard Elite Account.
Lastly, the VIP Account is available to professional and individual traders seeking exclusive access to CryptoIFX’s additional services and benefits. To qualify for this account, traders should be able to make a minimum investment of $100,000.
Clients can use the CrypptoIFX platform in three ways: via the Client Terminal, WebTrader, or through their Android/iOS devices. The Client Terminal provides quotes and market news in real-time and should be installed on the trader’s computer.
The WebTrader offers a more convenient way to access the markets, as it only needs a web browser to work, and no software or download procedure is required.
CryptoIFX’s Android/iOS Trading App is ideal for traders who want to watch the markets and their trades through their smartphones or tablets.
Deposits and Withdrawals
Clients can fund or cash out their CryptoIFX accounts with Visa, MasterCard, Skrill, or Neteller. If the client has more than one account, the transfer of funds between different CryptoIFX accounts can be done on the Inter Account Transfer option on the Withdrawal section of their profile page. The platform will send a confirmation link to their clients’ registered emails to verify the withdrawal.
CryptoIFX Summary: Is it worth it?
CryptoIFX is a unique broker that provides products and services in the crypto and traditional markets. Overall, traders can consider using this platform if they are looking to deal with both cryptocurrencies and conventional securities. The variety of products can also help traders as they don’t’ necessarily have to compromise their assets.
In addition, CryptoIFX supports its variety of trading products with features like efficient account typing and solid trading specifications.