CryptoIFX Review 2022

Is CryptoIFX Safe & Legit?

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Welcome to our latest CryptoIFX review. Our experts offer up a comprehensive look into the multi-asset trading platform, detailing the many perks that help to set it aside from the competition.

As you read on, you’ll soon find out how to open and select the right account for you, whether you can expect to encounter any fees along the way, and discover the available tradable assets, too. If you are interested in finding a reliable broker with a fee-free structure, this one is for you.

Offers and New Customer Experience: Straightforward signup process

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.

Usability: Nothing dull about the CryptoIFX platform

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!

Accounts: Five flexible accounts to choose from

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.

Trading Platforms: Accessible ways to trade

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.

Trading Payments: Secure methods used

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.

Customer Service: CryptoIFX reviews and responds in good time

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.

Regulation and Deposit Insurance: Is CryptoIFX legit?

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.

Additional Features: Perks of the CryptoIFX platform

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.

CryptoIFX Forex

Forex Trading Offer: Trade over 90 pairs at CryptoIFX

If forex is your trading preference, then our CryptoIFX review may have uncovered a gem. Here, our experts were quick to spot that traders could research, plot, trade or scalp their way through 90 currency pairings, including all major currency pairs, minors and exotics. As comes as standard, traders will be able to trade the market 24/5 and even place orders when the market is closed.

Thanks to the intuitive design of the CryptoIFX platform, charting tools can be utilized across all pairings. One further perk is the multi-screen option that allows traders to keep their eyes on more than one chart at a time.

Forex Trading Costs: Differences between major, minor and exotic

For those of you that have made use of our previous broker reviews, you will not be surprised to hear that CryptoIFX offers ranging trading costs depending on a trader’s account choice, trade size, and currency pairing.

Naturally, major currency pairings will have a much tighter pip spreads; often around the 0.3 mark. If a EURPLN pair, or something equally as exotic, takes your liking, expect this figure to rise.

Forex Trading Conditions: Seamless and instant trading

We have already discussed the fantastic CryptoIFX platform; however, when it comes to checking out the forex trading conditions, it is worth noting again. At the time of writing, users can trade forex with ease online, via desktop download, or courtesy of dedicated apps. They can also make use of important charting tools, additional resources, and enjoy seamless trade execution.

When looking closer at the conditions of trading forex at CryptoIFX, our experts found that a minimum lot size of 0.01 and maximum leverage opportunities of 1:400 were on the table, too.

Product Summary & Conclusion: Do not be fooled by the CryptoIFX name

It would be far too easy to presume that CryptoIFX is a broker dedicating itself to the world of digital currency. As you’ll see next, they certainly have a great crypto offering; however, if forex is your chosen asset or you simply wish to diversify your portfolio, you’ll have a fantastic experience at CryptoIFX.

We often find top brokers will offer major pairings with tight pip spreads; but, very rarely do we see such fantastic spreads and low-fees associated with minor and exotic markets, too. Depending on account type, traders can also make use of leverage opportunities up to the value of 1:400.

CryptoIFX Crypto

Crypto Trading Offer: CryptoIFX lives up to its name

In this next section of our CryptoIFX review, we take a closer look at the crypto trading offer provided by CryptoIFX. Regardless of your experience trading crypto, we are confident that you’ll have heard of names like Bitcoin, Ethereum, and Bitcoin Cash.

All big-name cryptocurrencies are currently offered to traders; however, it is worth noting that traders will only be able to trade the market movement i.e whether the price of a cryptocurrency will rise or fall. Traders will not directly own the asset itself.

Crypto Trading Costs: Zero commission fees

The new age of trading is here to stay and CryptoIFX has done everything it can to make it as smooth as possible. Once you’ve selected your account and made your deposit, you can make use of the web, desktop, or mobile platform and begin working your way through top digital currencies with zero commission fees.

As we already know, there will be no charges for making any deposits or withdrawals from your CryptoIFX account. There were no further mentions of additional fees associated with your crypto traders; although, we’d always suggest discussing with your personal account manager.

Crypto Trading Conditions: A clean and clear process

Despite the volatility of the cryptocurrency market, the various perks of trading with CryptoIFX will ensure that you have the best conditions to help get you started. Instant execution comes as standard across the CryptoIFX platform, ensuring you enter the market at an opportune moment and zero commissions allow any potential profits to fall directly into your account. You can set alerts, notifications and use the range of charting tools to put your strategies into place. Additional perks, such as a dedicated account manager and tighter spreads will become known at the account selection stage.

Product Summary & Conclusion: A top spot to trade big-name cryptos

The latest crypto offering from CryptoIFX has certainly impressed us here at TradersBest.com. Despite currently offering top cryptocurrencies alone, further additions are sure to be made  reflecting the growth of the market. The instant execution and ability to track your trades wherever you may be is a real perk, alongside, of course, the bonus of zero commissions – just remember you can only trade market movement at CryptoIFX.

CryptoIFX Review FAQ

💯What is CryptoIFX?

If you are on the lookout for an online broker that is reputable, highly liquid and can be accessed by a responsive mobile app, we suggest taking the time to read through our CryptoIFX review. 

🚀What fees are associated with CryptoIFX crypto trades?

There are many things that help to set one broker apart from another. Often, this can be based around tradable assets, platforms, and fees. CryptoIFX is a popular choice for many traders for many reasons, you can find out exactly why in our latest CryptoIFX review.  

🔓︎Is CryptoIFX safe?

A little due diligence goes a long way when it comes to signing up with an online broker. Thankfully, you can save yourself plenty of time and take advantage of our broker reviews to uncover the safest places to trade your preferred assets. Not sure where to start? We suggest checking out our FXRevenues review or CryptoIFX review next!  

🌟Have there been any CryptoIFX scams?

Our experts are well-versed in uncovering the good and bad news surrounding specific brokers, allowing us to quickly identify which brokers can be trusted and recommended to our readers. We wouldn’t waste our time creating a Maxiwyse review or CryptoIFX review if we thought any scams were possible. 

Conclusion: A great place to trade online

Overall, we at Tradersbest.com would feel confident recommending CryptoIFX to our readers. Regardless of how you plan to trade, we are certain that CryptoIFX will have the right account, platform, and assets for you.

The fee-free structure is a particular standout feature, meaning traders can capitalize on any profits that come their way. Customer support is accessible through various methods and can be contacted 24/5, too. There may be no offers to new users; however, we are sure that the many additional features, including free educational tools, will be enough to win you over.

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