XBTFX Journal

Journal status: live
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XBTFX Profile
Website
Year
2019
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, North Korea, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sudan, Sweden, US
Broker type
MM, STP, ECN marketing
Dealing book
B-book, A-book
Tier
3
Execution speed
10 ms
LPs total
...
LPs quality
not disclosed
LPs names
not disclosed

XBTFX Accounts
MM
ECN
Minimum Deposit
10 $
10 $
Leverage
500 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1 pips
0.01 pips
Commission
0 $/lotRT
7 $/lotRT
Volume
...
...
Margin Call
100 %
100 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
Unlimited
Unlimited
Deposit & Fees
Deposit methods
Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Binance Coin, Cardano, Stellar Lumens, Dogecoin, TRON, Tether, USD Coin, Paxos, DAI
Base currency
USD, BTC, ETH, XRP, DAI, USDT
Segregated accounts
no
Interest on margin
yes
Inactivity fee
after ... months
Update broker

Is XBTFX safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: no
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is XBTFX trusted?

  • Information transparency: sufficient ★★★
  • Customer service: prompt, helpful ★★★★★
  • XBTFX website: semi-detailed, updated ★★★
  • XBTFX popularity (by visitor count): low visits

How XBTFX works



Automated Expert Advisor trading: Yes, Encouraged!
Trading Styles Allowed: All



XBTFX may act as a market maker when executing Client trades and the Firm may profit from any Client losses unless the account is on STP lock.

PRICES AND COST
The prices generated by our trading platform(s) are derived from the prices of the relevant underlying instruments, which the Firm obtains from third party liquidity/ price providers. The prices of CFDs that you trade with us include a mark-up; this means that the spreads offered by us comprise of (i) the raw spreads received from liquidity/ price provider(s) and (ii) a mark-up (where applicable).



c. The Company reserves the right to modify the spread and the client may experience widened spreads and execution at the best available price under certain market conditions (for example, fundamental announcements, where there is a fast moving market or low liquidity).
d. The client who opens an Standard or ECN account acknowledges that in case the Company transmits the client’s order to the Liquidity Provider(s) for execution, the order may be executed against the Liquidity Provider(s) or executed within the ECN of the Liquidity Provider(s)

9. Client Instructions and Orders
a. The Client understands and acknowledges that the Company will enter into transactions with the client as principal (counterparty) not as an agent and where the client holds an STP-ECN account the Company will nonetheless act on behalf of the Client in the capacity of agent for all STP-ECN Client Account Transactions. The Company will be the contractual counterparty to the Client.

d. The Company reserves the right at its own discretion, without the Client’s consent, due to risk management policies to transfer the Client’s execution to STP/ECN execution when the Client’s trading strategy, exposes the Company to greater risk than the Company can tolerate.



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