XBTFX Review

XBTFX Logo

XBTFX is an online broker that provides traders all over the globe with online trading on a range of asset classes including forex, indices, cryptocurrency and CFDs. The broker offers the powerful and advanced MetaTrader 5 (MT5) platforms for multiple devices. They have a good selection of educational materials to support informed trading.

XBTFX use a straight through processing (STP) execution model in an ECN environment. This means that traders requests are sent directly through to the broker liquidity providers (banks, funds, etc) without any dealing desk intervention between them. This helps to eliminate any conflict of interest between broker and trader whilst it can also give rapid trade execution speeds and some of the best prices available for tighter spreads.

XBTFX Review - Broker Features
XBTFX Review – Broker Features

The broker was founded in 2019 and operate in a transparent manner which includes a unique feature known as the “STP Lock” where XBTFX can act as a dealing desk and cap leverage in case clients want all of their orders executed using STP.

XBTFX Review Introduction

In this XBTFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including XBTFX.

XBTFX Platforms & Tools

XBTFX offer trader the powerful and advanced MetaTrader 5 (MT5) platforms for desktop, web and mobile devices running on iOS and Android. The MT5 desktop platform has complete functionality whereas the web platform runs directly in your web browsers without needing to download or install any additional software. The mobile trading app is very useful for those who need to manage their account and trade whilst on the go.

XBTFX Review - MetaTrader 5 Platform
XBTFX Review – MetaTrader 5 Platform

MT5 was developed by Russian software company MetaQuotes and is a popular choice amongst traders worldwide of all experience levels. It is simple enough to use for beginners whilst also having enough capabilities to match the needs of the more demanding investor. It is packed with a vast range of features and trading tools for conducting in-depth market analysis.

XBTFX offer MT5 with depth of market (DOM) pricing on over 200 Instruments, including forex, cryptocurrency, indices CFDs on Precious Metals and Energies. MT5 is a complete online trading platform also offering trading signals and automated trading with forex robots.

XBTFX Research & Education

There is a trading blog on the XBTFX website with some very useful educational resources which are geared towards improving your trading skills and knowledge. These can help to teach the basics to those of you who are new to trading online.

XBTFX Trading Accounts

XBTFX offer online trading accounts with no minimum deposit requirement and flexible leverage of up to 1:500 on some markets (crypto is limited to 1:50 leverage). You can choose between the standard and ECN account types, both of which can support all types of trading strategies from scalping to hedging and more.

XBTFX Review - Trading Account Types
XBTFX Review – Trading Account Types

The primary difference between the account types are the spreads and commissions. The ECN account will tend to have the tighter spreads with a small commission fee charged on top. The standard account type does not have a commission fee but instead a small spread mark-up to cover the brokers costs. The type of trading account that you opt for can depend on your trading style. Those who are using forex scalping strategies may need the ECN spreads whereas those who use swing trading strategies may be fine with either account type.

XBTFX demo accounts can be opened for those who would like to practice their trading strategies with virtual funds and test the brokers service.

XBTFX Account Funding

XBTFX clients can deposit and withdraw using 16 Cryptocurrencies and stablecoins. They support blockchain deposits and same day withdrawals with no fees on deposits or withdrawals. The brokers base MT5 accounts are in Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), Ripple (XRP).

XBTFX Review - Deposit & Withdrawal
XBTFX Review – Deposit & Withdrawal

XBTFX Customer Service

XBTFX offer good customer support with a team who can be reached via email, live chat and some social media channels. The broker also incorporates a very useful integrated support system for existing clients. There is a knowledge base on the brokers website with a variety of common trader questions and answers.

XBTFX Regulation

XBTFX is a broker that is registered by the Financial Services Authority of Saint Vincent and the Grenadines. They are currently in the process of improving regulations so make sure you check the latest on that from the official XBTFX website. XBTFX cannot provide online trading services to clients in some countries including the United States of America, Belgium, Iran, Syria, North Korea and Sudan.

XBTFX Review Summary

XBTFX offer traders competitive conditions for online trading in various asset classes on the powerful MetaTrader 5 platforms for multiple devices. They are primarily a crypto focused broker which would make them a popular choice amongst those who are familiar with how cryptocurrencies work. In addition to a modern trading environment, they also provide clients with educational resources and dedicated support. It would be nice to see them improve their regulation in the not so distant future, if they haven’t already whilst you are reading this XBTFX review.

XBTFX Review - Registration Form
XBTFX Review – Registration Form

It is worth mentioning that some of the trading products and services in this XBTFX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the XBTFX broker website which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

XBTFX

7

Spreads

7.5/10

Liquidity

7.5/10

Commissions

7.5/10

Support

7.5/10

Regulation

5.0/10

Features

  • The powerful and intuitive MetaTrader 5 (MT5) platform
  • Plenty of trading tools in the MT5 platform
  • Over 200 tradable instruments to choose from
  • Unique "STP Lock" feature
  • Educational resources
  • No minimum deposit
  • Flexible leverage & account types
  • Cryptocurrency accounting & trading