KontoFX is an offshore / non regulated Crypto CFD broker that opened in June 2018.
They are owned by; NTMT Transformatic Markets OU, located at Harju maakond, Tallinn, Kesklinna linnaosa, Parda tn 4, 10151. Operated by: Northside Business Centres, 2nd and 4th Floor, BC91 Office Building, Váci út 91, Budapest 1139, Hungary.
Phone number is: +44 121 726 3858, and the email address for problems is: [email protected]. Official website: https://KontoFX.com/
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While reviewing KontoFX, we see that they offering only Crypto Currencies CFD trading against Tether. Konto offers their investors the simple and easy to use Panda trading platform, which is only available as a web-based trading platform. There is no standalone desktop version or any mobile apps available.
Thirty underlying crypto currencies are available, including the large ones like Bitcoin, Ripple and Ethereum. IOTA, NEM, TRON and EOS are among the smaller Crypto coins they offer to trade.
It is important to understand the difference between trading crypto and investing in crypto. When you are using a CFD (Contracts for Difference) broker, you will be trading and looking to profit based on the movement in price. You do not actually own the currency.
Minimum deposit is $250, and the minimum withdrawal is $100.
Crypto Currencies like Forex is considered an investment and financial service which must be regulated by your local governments regulator. The difference between a licensed broker and an unlicensed broker is who will insure your money when the broker goes out of business.
KontoFX is not a licensed broker!
Forex brokers in the United Kingdom are licensed by the FCA, and brokers in Australia are licensed by ASIC. Do you know that you can choose from more than one hundred Crypto brokers today? Have a look at these popular regulated brokers.
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Minimum deposit is only $100, and you can try a Free Demo Account at: Plus500.com.
*80.6% of retail CFD accounts lose money