XTraderFX (Also know as XFX) is an unregulated Forex & Crypto Currency broker. Their minimum deposit for new a trading accounts is €300.
XTraderFX offers their traders the now popular trading platform from Tradologic. Their website and customer service is available in English, Spanish, French and German.
WARNING! This Broker is Not Regulated!
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This broker offers clients CFD trading on eleven Crypto Currency pairs, on their Simplex or Tradologic Pro trading platform. Available coins for trading are: Bitcoin, Litecoin, Ripple, Ethereum, The leverage amount and spreads vary depending on the time of day and the volatility of the asset.
At the time of this review, we did not see mobile trading apps for Android and iOS available, or the ability to use MT4.
When you read the terms of the bonus offers they mention on the terms and conditions page you will see, that the trading volume requirement for withdrawal of the bonus is 40 times the bonus amount. Otherwise you will forfeit 25% of your investment.
“The withdrawal of funds from an account can be completed before the bonus conditions have been satisfied with penalty of 25% from the real funds.”.
This is a major cause of complaints that many new investors do not realize, when they accept the bonus money.
XTraderFX License & Regulation
When day traders and crypto currency investors compare their options for a Forex CFD broker, they will usually seek a broker that is both licensed and regulated in their home country. Brokers is England are licensed by FCA, and brokers in South Africa are licensed by FSB.
XTraderFX is not a licensed broker.
You can find the popular licensed brokers listed here.
Billing Services for this broker are processed by: XFX GPAY Ltd, 18 Stoke Road Slough, England, SL2 5AG, United Kingdom.
Contact Phone Number Germany: +49 30 3080 9126, Email: [email protected] | Official Website: http://www.XTraderFX.com
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