XBTFX review: Regulations, Trading platforms, Broker features, and User ratings.
4.278 •
36 REVIEWS
XBTFX is a forex broker. XBTFX offers cTrader, MetaTrader 4, MetaTrader 5, MT Mobile and MT WebTrader forex trading top platforms. 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: | ❌ No |
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| Web Trading: | ✅ Yes |
| Mobile Trading: | ✅ Yes |
| ECN: | ✅ 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: | ✅ Yes |
|---|---|
| News Trading: | ✅ Yes |
| Scalping: | ✅ Yes |
| MAM: | ✅ Yes |
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| PAMM: | ✅ Yes |
| Copy Trading: | ✅ 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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4.278 •
36 REVIEWS
Recent User Reviews of XBTFX
TrapLok
tbilisi, Georgia,
May 10, 2023,
Registered user
my review after few years trading here
Service use: Live
Length of use: over 1 Year
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
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.
Anthony23
Dnipro, Ukraine,
Feb 16, 2023,
Registered user
Reliable ECN Broker
Service use: Live
Length of use: 6-12 Months
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"
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"
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).
RavenSun
Stockholm, Sweden,
Jun 2, 2022,
Registered user
Quick registration and verification
Service use: Live
Length of use: 0-3 Months
I really like that i was able to register on the platform quickly and start trading within a few minutes. They will allow you to trade with a withdrawal limit before verification . I have been trading without issues for a while now. I get my withdrawals at the right time and have seen no minipulation on the crypto pairs
Review moderation team note
Depositing before verification is very risky. Any broker allowing a withdrawal of more than the initial deposit before verification could easily find itself in trouble over AML violations.
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
PCL59
Sevilla, Spain,
Dec 20, 2021,
Registered user
Good broker
Service use: Live
Length of use: 0-3 Months
I have traded mostly altcoins with this broker, because there is a solid list, with relatively lower spreads compared with other crypto brokers on the market. Recently they have added Solana AVAX and Cardano to list, which I think was quite positive move from this broker. Good job !
B
Brainysam
Dusseldorf, Germany,
Nov 26, 2021,
Registered user
Highly recommended
Service use: Live
Length of use: 0-3 Months
My trading is all through MT4 EAas and the most important thing for me, broker to broker, is stability, fill speed and slippage. I’m very impressed at how well their MT4 is handling my volume and I find it extremely stable. The server has a daily restart, which is expected but operation and execution is professional.
solar2005
Lagos, Nigeria,
Oct 27, 2021,
Registered user
The trading cost is quite low
Service use: Live
Length of use: 0-3 Months
I think this is a fair broker with true ecn account and ecn spreads. The commision is also quite low. What i'd like to improve is education sector. It could be more advanced. Recommend so far.
1 trader has found this review helpful
S
stilsasa
Sydney, Australia,
Oct 23, 2021,
Registered user
SCAM
Service use: Live
Length of use: 0-3 Months
SCAM Brocker I'm long time trader . I experienced multiple freezes when market went against me. Finally they disconnected me totally when it was obvious that the market was turning at the point when i was in profit .I took screenshots with journal
with the freeze and after i reacted and they turn it on .I created ticket with them. Their explanation
XBTFX Support
Staff - 10/23/2021 11:38 AM
Hello,
We would like to assure you we haven't turned off trading for you. Price feeds are currently interrupted due to an issue with our liquidity provider, which means that affected pairs cannot be traded. This is a technical issue beyond our control, however, in situation like this we fully reimburse losses that have occured.
Best regards,
XBTFX Support
Tell that to someone else thugs.
Il try to create Traders Court ticket trough FPA. against this broker
with the freeze and after i reacted and they turn it on .I created ticket with them. Their explanation
XBTFX Support
Staff - 10/23/2021 11:38 AM
Hello,
We would like to assure you we haven't turned off trading for you. Price feeds are currently interrupted due to an issue with our liquidity provider, which means that affected pairs cannot be traded. This is a technical issue beyond our control, however, in situation like this we fully reimburse losses that have occured.
Best regards,
XBTFX Support
Tell that to someone else thugs.
Il try to create Traders Court ticket trough FPA. against this broker
Reply by XBTFX submitted Oct 27, 2021:
Thank you for working with support and your understanding of the matter. As we understand it, your review was posted before our discussion and resolution. XBTFX support is happy to support you under any circumstance and we value your continued business. In the future we hope that you will update your review as this issue was technical in nature due to a weekend maintenance that impacted weekend crypto feeds and we have fully refunded you for the impacted trades.
XBTFX would like all FPA users to know that will always do all in our power to make all our clients happy so that traders continue to trade with us under a positive mindset. It's in our best interest that all our clients continue to trade with us as much as possible and are happy with our services. We take responsibility for technical issues and non-market related incidents impacting our users trading. If any future incident is experienced using our services, everyone should be confident XBTFX support is at their disposal for proper discussion and resolution in a timely manner.
Regards,
XBTFX
XBTFX would like all FPA users to know that will always do all in our power to make all our clients happy so that traders continue to trade with us under a positive mindset. It's in our best interest that all our clients continue to trade with us as much as possible and are happy with our services. We take responsibility for technical issues and non-market related incidents impacting our users trading. If any future incident is experienced using our services, everyone should be confident XBTFX support is at their disposal for proper discussion and resolution in a timely manner.
Regards,
XBTFX