CryptoIFX Review 2024

Our first CryptoIFX experience and rating is a fairly positive one. Similar to our Greendax review, there are no offers for new traders at CryptoIFX; however, the new user experience is certainly something to shout home about.

New traders can select the yellow register button in the top right-hand corner of the screen before being presented with a simple on-site form. Here, traders can enter basic personal details, including name, address, email and preferred currency before agreeing to the terms associated with the KYC, AML, risk disclosure, and order execution policies.

Once you’ve submitted your registration, you’ll need to pass the KYC process. As with most top brokers, this can be completed fairly promptly by simply forwarding your identification.

This next section of our CryptoIFX review highlighted another positive to the overall CryptoIFX experience. We’ve already detailed how simple it is to sign yourself up; however, it was nice to see that this theme ran throughout.

Regardless of your experience, you’ll be able to freely navigate your way around the vibrant CryptoIFX site. The purples, whites and yellows may be a little garish for some but there is no doubt that traders can quickly identify any important areas of the site and quickly find their feet.

When it comes to trading, CryptoIFX users will be able to make use of the abundance of charting tools and trade CryptoIFX crypto, forex, spot commodities, and more, via the desktop, online, or mobile applications. Here, CryptoIFX ditches the purple, white, and yellow, opting for a more professional look of black and white.

All important areas are less than a couple clicks away, meaning you’ll be able to flick from one area of the site to the next within a matter of minutes. For those of you who like to trade on the go and have instant access to your account, you’ll be pleased to hear that there is a dedicated mobile app, too!

When opening an account with CryptoIFX, you can expect to encounter zero slippage and low floating spreads; however, the additional perks received will vary depending on the account you choose.

At the time of writing, traders can choose the Rookie, Basic, Elite, Elite Plus or VIP account. Full information surrounding these account types is clearly displayed when visiting the Trading Accounts tab; however, we will briefly touch on the basics below.

• Rookie: The rookie account provides traders with the chance to trade online and via mobile, 24 hours a day (depending on chosen assets) with a minimum lot size of 0.01, and requires a £250 minimum deposit.
• Basic: Offers the same as the above, plus the chance to open an Islamic account and requires a £2,500 minimum deposit.
• Elite and Elite Plus: As above, plus a dedicated account manager. Expect to deposit a minimum of £10,000 for Elite and £25,000 for Elite plus. All Elite plus traders will also receive daily analysis.
• VIP: The VIP account is personalised to each trader, requiring a minimum of £100,000. Additional perks will be discussed with your dedicated account manager.

Earlier in our CryptoIFX review, we mentioned that traders could make use of the CryptoIFX app and access their accounts. What we didn’t mention was that traders can also execute trades on the custom trading app.

Currently, Android users can make use of the aptly-named Android Trader. The mobile app can be downloaded directly from CryptoIFX, too, meaning you won’t have to waste time searching through the app store. For iPhone and iPad users, you can enjoy the iOS custom trading app, built specifically for apple users.

Traditional traders may prefer to have their desktop or laptops setup instead. If so, they can download the MT5 client terminal or make their way through the global markets via the WebTrader.

Before you get to this stage, you should have already set your base currency. If not, you can choose between USD, EUR, GBP, KZT, THB, AUD, and BRL. Once selected, you can look to fund your account using Visa, Mastercard, Skrill or Bitcoin.

As detailed earlier in our CryptoIFX review, minimum deposits will vary depending on your account. The absolute minimum opening deposit is £250 or currency equivalent. All deposits will remain impenetrable to third-party attacks, thanks to the use of the latest encryption technology, too.

When it comes to withdrawals, CryptoIFX requests that traders use the same method used at the deposit stage. Withdrawals can be completed instantly using a card but may take up to 7 days for bank transfers. Traders will find zero fees associated with any of their transactions.

Fees: No translation fees at CryptoIFX

The importance of low fees was evidenced in our overall Stockoza review and rating. With CryptoIFX scoring highly so far, we were interested to see just how well this section would serve them.

An average user at CryptoIFX will never experience deposit or withdrawal fees. When compared to many other top competitors, this is considered a real positive and helps to set CryptoIFX aside from the pack.

Beyond the transactional side of things, CryptoIFX claims to have a completely fee-free structure, meaning that any overnight fees and maintenance fees will be non-existent, too. Of course, we would suggest double-checking with support before leaving your account dormant or allowing your trades to carry over.

When it comes to finding a responsive broker, you need look no further than CryptoIFX. Our latest CryptoIFX review has identified three main ways to get in contact, including live chat, email and phone.

CryptoIFX can be contacted 24/5 and are generally very responsive. We did encounter a slight delay when making contact via the live chat option; however, within an hour we had received a full response. As a rule, we would suggest that the live chat and phone were the two quickest ways to get your queries resolved and found staff to be both knowledgeable and professional at all times.

Email is, of course, a great way to communicate with the team, too. We would suggest leaving this method to more complex queries that require additional documents and evidence to be attached. For any simple queries, you can also see if your question has been answered in the FAQs or across any of the CryptoIFX social media platforms.

CryptoIFX is registered in St. Vincent and the Grenadines, leaving our experts happy to confirm that CryptoIFX is a legitimate and trustworthy online trading platform. This is backed by the clear adherence to industry-standards, including the KYC and AML process.

To take things one step further, CryptoIFX also ensures that the latest encryption technology is used, full access to terms and conditions are granted, and funds are kept segregated.

We found that the CryptoIFX platform had plenty of additional perks to offer its traders, including free educational tools and analysis, over 500 financial instruments to trade, flexible leverage up to 1:400, and zero slippage.

As we have already noted, CryptoIFX is also suited to mobile users and has its own iOS and Android applications. Alongside many tools to help with charting and technical analysis, CryptoIFX has its own economic calendar. Here, traders can better predict market movement based on upcoming events.