XBTFX review: Regulations, Trading platforms, Broker features, and User ratings.
4.283 •
35 REVIEWS
Updated: May 7, 2024
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XBTFX.io
5 star review by amar_omar, Morocco
As I am scalper trader, I would like to leave here some info for other traders using this method. XBTFX is supporting scalping. It is very positive that spreads are indeed low, in a range of 0.01-0.04 points. Execution of deals is working fine, withdrawals are also within a daily range.
What is XBTFX?
XBTFX is a forex broker with trading platforms of cTrader in Desktop and Mobile version, MetaTrader 4 (MT4) in Desktop and Web version, and MetaTrader 5 (MT5) in Desktop, Web and Mobile version.
XBTFX.io offers over 75 forex currency pairs, cfds, commodities, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
Please read XBTFX Reviews below and share your live trading experiences with this broker here.
Forex Brokers Crypto
Crypto Broker CFD - Contract for Difference MetaTrader 4 MetaTrader 5 cTrader Platform
Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 500:1 |
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Minimum to Open Live: | $5 |
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Established: | 2019 |
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Address: | 9A CT House, 2nd floor, Providence, Mahe, Seychelles, Seychelles |
Contact: | support@xbtfx.io |
Regional offices: | |
Regulators: | FSA-S #SD169 |
Prohibited countries: |
Trading platforms: | MT4, MT5, cTrader, WebTrader |
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Dealing Desk: | β No |
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Web Trading: | β Yes |
Mobile Trading: | β Yes |
ECN: | β Yes |
Currencies: | (75+) |
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Cryptocurrencies: | (100+) Bitcoin, Litecoin, Ethereum |
CFD: | (150+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | β Yes |
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News Trading: | β Yes |
Scalping: | β Yes |
MAM: | β Yes |
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PAMM: | β Yes |
Copy Trading: | β Yes |
Deposit Methods: | Bitcoin, Dogecoin (DOGE), Ether/Ethereum, Litecoin, Other Crypto Currencies, Ripple (XRP), Tether (USDT) |
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Withdrawal Methods: | Bitcoin, Dogecoin (DOGE), Ether/Ethereum, Litecoin, Other Crypto Currencies, Ripple (XRP), Tether (USDT) |
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4.283 •
35 REVIEWS
XBTFX Most Helpful Customer Reviews
esdeath
SantarΓ©m, Portugal,
Aug 24, 2021,
Registered user
The services
Service use: Live
Length of use: 0-3 Months
The minimum deposit is $1 but that is very tricky. I will advise everyone to be careful not to fall into that trap. Personally, I don't think anyone should trade with an amount that is lower than $500. It helps for flexibility and using different strategies.
I have two trading accounts here, one standard account for forex trading and some stocks and the ECN for my cryptocurrency portfolio.
I withdraw every 2 weeks and there have been no issues. I had a little issue once with withdrawal, it was the help desk that made me know that it was because I used an incompatible USDT address. I got the confirmation early the next day after i resent the request.
In summary, I have been comfortable with the services here and recommend trading here if you want to trade using crypto.
I have two trading accounts here, one standard account for forex trading and some stocks and the ECN for my cryptocurrency portfolio.
I withdraw every 2 weeks and there have been no issues. I had a little issue once with withdrawal, it was the help desk that made me know that it was because I used an incompatible USDT address. I got the confirmation early the next day after i resent the request.
In summary, I have been comfortable with the services here and recommend trading here if you want to trade using crypto.
B
babble94
Paris, France,
Mar 16, 2021,
Registered user
ETH trading
Service use: Live
Length of use: 6-12 Months
I am trading ethusd with this broker with my EA. I find that there are very good conditions for scalping here. Platform works properly, I have not experienced any trading problems with my ea for last four months here. Costs of trading are very low. I use the standard account where i dont have additional trading costs aside from spreads, which are some 2-6 $ on ethusd which is extremely low. These are much lower from ones that I had with my previous broker.
U
Umpolung
Namur, Belgium,
Mar 11, 2021,
Registered user
gold 100X
Service use: Live
Length of use: 6-12 Months
With my previous broker I had leverage of 20:1 for trading gold and very high spreads. I have much better leverage of 100:1 here and also decents spreads of 15 cents or so. Aside, platform works without any interruptions and all my trades open and close quickly.
beboyxxx123
Manila, Philippines,
Dec 8, 2020,
Registered user
My first crypto broker
Service use: Live
Length of use: 0-3 Months
This is my first and so far the only crypto broker that I opened a real account with... The ease of crypto deposit is exceptional and this is the first time I have used metatrader in crypto balances. I haven't withdrawn yet so that's why it's a no rating review. Glad that on FPA there is such opportunity =). It takes time getting use to operating MT5 in a BTC balance. The DAI accounts are the same as USD and find this much eaiser. It's helpful they have different account balance options.
D
Dave
Madrid, Spain,
Oct 12, 2020,
Guest
You might (or not) close your position
Service use: Live
Length of use: over 1 Year
Depending if you are earning or losing you might be able to close your position or you might have a metatrader "add to position" in which you have to try for hours before closing a position.
Very unconfortable.
Very unconfortable.
Reply by XBTFX submitted Nov 8, 2020:
Hello Dave, Thank you for your choice and trust in XBTFX.
In September we had responded to your ticket and hope that you are no longer having problems with trading . In your case, it was specific to stock symbols trading on MT5 web . We hope our suggestion to instead use the Metatrader 5 desktop or mobile version solved the problem
If you have any questions, we will be glad to help you.
We wish you successful trading and have a nice day.
In September we had responded to your ticket and hope that you are no longer having problems with trading . In your case, it was specific to stock symbols trading on MT5 web . We hope our suggestion to instead use the Metatrader 5 desktop or mobile version solved the problem
If you have any questions, we will be glad to help you.
We wish you successful trading and have a nice day.
Recent User Reviews of XBTFX
Anthony23
Dnipro, Ukraine,
May 6, 2024,
Registered user
No glitches
Service use: Live
Length of use: over 1 Year
After a year of trading with XBTFX.
- ecn spreads impoved, fees remain standard
- stability, no issues with server connections
- consistant execution and conditions
Feb 16, 2023 - 5 Stars I have been investing money in Forex for 5 years now, and I have tried almost every single broker out there. I can confidently say that XBTFX is a good ECN and copy trading broker.
They are reliable and their customer service is always prompt & helpful. I really appreciate all the hard work they put into their trading system and they never let any slippage happen to me.
It is a trustworthy broker. I feel they are the best choice for people who want to trade Forex like me. They have reasonable spreads and have MT4, MT5 and cTrader. ECN is the fastest way of executing trades in Forex in my opinion"
- ecn spreads impoved, fees remain standard
- stability, no issues with server connections
- consistant execution and conditions
Feb 16, 2023 - 5 Stars I have been investing money in Forex for 5 years now, and I have tried almost every single broker out there. I can confidently say that XBTFX is a good ECN and copy trading broker.
They are reliable and their customer service is always prompt & helpful. I really appreciate all the hard work they put into their trading system and they never let any slippage happen to me.
It is a trustworthy broker. I feel they are the best choice for people who want to trade Forex like me. They have reasonable spreads and have MT4, MT5 and cTrader. ECN is the fastest way of executing trades in Forex in my opinion"
TrapLok
Petersburg, Russian Federation,
Feb 6, 2024,
Registered user
Updating after..how many years?
Service use: Live
Length of use: over 1 Year
UPD:
Overall, I have no complaints about XBTFX. They offer fair spreads, and their customer service is not lacking. I experienced a slipped stop once, but a quick chat to them and they went over the datafeed data and explained how the liqudity works. Very professional overall and understood.
May 10, 2023 - 5 Stars xbtfx is one of the main broker where i hold funds and trade news. Overall is has bad and good sides.
Lite kyc is not so important but it's a big pros for me
high leverage
friendly support
news trading using ea is accepted
spread is very good (i mostly trade only usdcad and eurusd)
bad side is for me the next: ea new trading - 10.67 lots traded of forex and crypto pairs, i've paid 103$
i think it's a bit too much but this is mostly due added fees from BTCUSD trades that charge by percent.
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Few month ago I've created a signal for news trading only for personal using and i'm copiyng orders into my other trading accounts by different brokers. still testing which brokers are good for copying. will update my review after will test all of possible combinations
Overall, I have no complaints about XBTFX. They offer fair spreads, and their customer service is not lacking. I experienced a slipped stop once, but a quick chat to them and they went over the datafeed data and explained how the liqudity works. Very professional overall and understood.
May 10, 2023 - 5 Stars xbtfx is one of the main broker where i hold funds and trade news. Overall is has bad and good sides.
Lite kyc is not so important but it's a big pros for me
high leverage
friendly support
news trading using ea is accepted
spread is very good (i mostly trade only usdcad and eurusd)
bad side is for me the next: ea new trading - 10.67 lots traded of forex and crypto pairs, i've paid 103$
i think it's a bit too much but this is mostly due added fees from BTCUSD trades that charge by percent.
----
Few month ago I've created a signal for news trading only for personal using and i'm copiyng orders into my other trading accounts by different brokers. still testing which brokers are good for copying. will update my review after will test all of possible combinations
E
Ependyo
Morocco, Morocco,
Mar 7, 2023,
Registered user
So far so good
Service use: Live
Length of use: 0-3 Months
From a first look, I think all is fine with this company, they are groing step by step and are improving things slowly. I'll give them a chance and see what will happen when I ask for a withdraw like big one.
V
Vince
Caldicot, United Kingdom,
Jul 8, 2022,
Guest
Good leverage for cryptos
Service use: Live
Length of use: 0-3 Months
In my opinion , which is based on three previous crypto brokers, I think that XBTFX have one of the most favourable conditions for trading and using crypto on the fx platforms.
1. here I the fixed fee for cryptos of 0.075% but sprads are tight and im not seeing much slippage compared to taker orders on other platforms.
2. this broker allows leverage of 25:1 to be used for crypto trading. A lof of brokers have higher leverage but when you get over 5-10x with crypto the swings are insane the the fees add up faster taking you to zero. I suppose capping at 25:1 is a good way to remove the temptation to do something that will lose you all your money.
3. withdrawals are proceed within 1 day ( usded my binance wallet).
1. here I the fixed fee for cryptos of 0.075% but sprads are tight and im not seeing much slippage compared to taker orders on other platforms.
2. this broker allows leverage of 25:1 to be used for crypto trading. A lof of brokers have higher leverage but when you get over 5-10x with crypto the swings are insane the the fees add up faster taking you to zero. I suppose capping at 25:1 is a good way to remove the temptation to do something that will lose you all your money.
3. withdrawals are proceed within 1 day ( usded my binance wallet).
Top Secret
Moscow, Russian Federation,
Jan 7, 2022,
Registered user
Quality broker
Service use: Live
Length of use: over 1 Year
I trade with xbtfx over 1 year and I am satisfied!
Without manipulation and any failures.
Fast withdraw and no problems.
I will hope that the company will flourish
Without manipulation and any failures.
Fast withdraw and no problems.
I will hope that the company will flourish