How to open XBTFX’s Cryptocurrency based MT5 trading account?
- How to open XBTFX MT5 account?
- Opening XBTFX Live and Demo account
- Comparison of XBTFX’s Account Types
- Account Verification with XBTFX
- Is XBTFX safe to transfer my Cryptocurrency?
- Things you should know about XBTFX’s service
How to open XBTFX MT5 account?
Registering online and opening an account with XBTFX is simple and easy.
Follow the steps below to get started.
- Go to XBTFX account opening
- Fill in the required fields and click continue
- Receive confirmation email and login credentials for your account and client portal
- Login to XBTFX official website and open an account
There are some simple information that you need to provide to XBTFX, to get started as below.
Note that you need to submit copies of your ID and proof of address to complete the account verification and expand all the options available in the client portal.
Opening XBTFX Live and Demo account
Once you have completed the registration with XBTFX, you can proceed to open your MT5 live and demo accounts.
To do that, go to XBTFX official website and login.
Then go to “Platform” section as below.
In the page, you can select the account type, base currency and leverage.
Scroll down and you will also see the download links of XBTFX MT5 platforms for various types of devices.
Comparison of XBTFX’s Account Types
XBTFX has mainly 2 account types for investors.
Both account types (Standard and ECN) use MT5 as the base trading platform.
Here is the comparison table of XBTFX’s available account types.
|Required Minimum Deposit Amount||None||None|
|Minimum Spread||1.0 pip||0.01 pips|
|Trading Commission||None||$3.5 per lot (0.125% for Cryptocurrency pairs)|
|Available Base Currencies||BTC, ETH, XRP, USDT, USDC||BTC, ETH, XRP, USDT, USDC|
|Availability of STP Lock||Available||Available|
|Trading Server||London Equinix LD4||London Equinix LD4|
|0.01 lots Micro Trading||Available||Available|
With XBTFX, you can open both accounts to try out the difference in the real market too.
Go to the registration page below to open your XBTFX account today.
Account Verification with XBTFX
XBTFX is registered by the Financial Services Authority of Saint Vincent and the Grenadines.
To invest in Forex and CFDs with XBTFX, you are required to verify your account with email, ID and also with your proof of residential address.
There are 2 levels of account verification, and each level allows to perform certain activities on XBTFX MT5.
1. XBTFX – Level 1 Account Verification
XBTFX’s level 1 account verification requires only “Email Verification”.
You can complete the “Email Verification” by clicking on the link which you can find in the email sent by XBTFX after registering online.
By completing this level 1 account verification, you will be allowed to perform “Crypto deposit and withdrawal” and “Forex and CFD trading”.
At this level of account verification, the daily Crypto withdrawal amount is limited to the amount equivalent to 10,000 USD.
2. XBTFX – Level 2 Account Verification
XBTFX’s level 2 account verification requires a copy of your valid proof of identity (Passport or national ID card) and a valid proof of your residential address.
By completing XBTFX’s level 2 account verification, you will be allowed to perform “Stablecoin Deposits and Withdrawals” and “one click Exchange”.
The level will also get rid of the daily withdrawal limitation.
You can complete the account verification steps in XBTFX’s client portal which you can login from their official website.
Is XBTFX safe to transfer my Cryptocurrency?
Managing Cryptocurrency fund is a very delicate task, XBTFX understands how the security of investors’ Crypto assets is important.
XBTFX has in-house technology to protect its investors’ personal information and Crypto assets.
How XBTFX protect investors’ personal information and Crypto assets?
Here are 4 main protocols which XBTFX implements as security measures.
1. Cryptocurrency Cold Storage
Keeping Cryptocurrency assets online involves certain risks by hackers.
To protect from any potential hacking activities, XBTFX keeps 95% of investors’ funds in cold storage.
XBTFX keeps only 5% of the total deposited fund online and uses it to process withdrawals for investors.
2. Encryption of data
Your account and fund management activities are safe with XBTFX.
XBTFX uses the highest security protocols to protect investors’ personal information, account information, trading history and fund management.
Login to XBTFX’s official website, and you can manage your accounts securely.
Your information stays secretive with XBTFX at any times.
3. XBTFX Insurance Fund
As a further fund security measure, XBTFX is preparing for the insurance fund.
XBTFX transfers 10% of commission earnings to their insurance fund.
For more information and status of XBTFX’s insurance fund, please contact XBTFX support team.
4. 2 Factor Authentication
XBTFX has adopted Google Authenticater for investors who wants higher security protocols.
The 2FA, or 2 factor authentication can be enabled on XBTFX’s client portal by yourself.
XBTFX’s google authenticator uses an app to generate time-sensitive authentication codes on your phone.
Things you should know about XBTFX’s service
XBTFX is a new type of online broker with many advanced features.
XBTFX differentiate itself from other brokers with the technology and the available options for investors.
Before opening an account with XBTFX, you may want to know the following conditions of XBTFX’s service.
1. XBTFX accepts only Cryptocurrency
XBTFX accepts deposits only from your Cryptocurrency wallets.
You can not send your fiat currencies such as USD, EUR, GBP and JPY to XBTFX to trade Forex and CFDs.
You can transfer only Cryptocurrency wallets to XBTFX.
XBTFX accepts Bitcoin, Tether, Ethereum, USD Coin, Litecoin, PAX, Ripple, Gemini Dollar, Bitcoin Cash, TrueUSD, Binance Coin, Multi-collateral DAI, Cardano, Stellar Lumen and Dogecoin as your deposit currencies.
With XBTFX, you can open MT5 account with the following Cryptocurrency assets: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC) and Ripple (XRP).
XBTFX gives you the perfect opportunity to invest your Cryptocurrency fund.
2. XBTFX uses only MT5 (MetaTrader5) trading platform
Not the traditional MT4 (MetaTader4) trading platforms, but XBTFX has chosen MT5 (MetaTrader5) as the main platform.
XBTFX’s MT5 matches XBTFX’s in-house STP technology.
MT5 has the same user interface as MT4, but has gotten rid of many limitations which MT4 currently has.
XBTFX MT5 is advanced in many aspects.
How XBTFX MT5 is different from MT4?
Visit this page to find out the differences of MT4 and MT5 platforms.
3. You can trade Forex and CFDs
XBTFX is a Cryptocurrency based Forex and CFD broker, where you can invest in over 200 financial markets.
By opening an account with XBTFX and make a deposit, you can invest in Forex, Commodities, Energies, Precious Metals, Indices and Cryptocurrency pairs.
The leverage is up to 1:500 and the spread is as low as 0.01 pips, with only a small amount of commission.
XBTFX works as a traditional Forex and CFD broker.
4. You can exchange Cryptocurrency assets
Not only the Forex and CFD trading, but with XBTFX, you can also exchange Cryptocurrency assets with small fees.
Transfer your Cryptocurrency to XBTFX, then XBTFX’s web portal will be the base platform to exchange your Cryptocurrency instantly.
The fee is only 2% of the total exchanged amount.
Exchanging your Cryptocurrency assets with XBTFX is another way of investing in the latest financial market.
5. XBTFX offers MT5 Web Trader
XBTFX MT5 is compatible with any types of devices including Windows PC, MAC PC, Android phones, Android Tablet, iPhone and iPad.
The download links for XBTFX is available in the client portal of XBTFX.
With XBTFX MT5 Web Trader, you can also access to your account and invest in Forex and CFDs without downloading any applications.
XBTFX MT5 Web Trader is a great tool to quickly access your account when you don’t want to avoid the platform installation.