Cryptomate FX 247 Overview
Cryptomate FX is a multi-asset online trading platform that enables users to trade a wide range of financial instruments, including forex, CFDs, stocks, options, and cryptocurrencies. The platform is regulated by the Financial Conduct Authority (FCA) and offers a suite of tools and features designed to help traders make informed decisions and execute their trades with confidence.
In addition to its web-based platform, Cryptomate FX also offers mobile trading apps for iOS and Android devices, as well as a desktop trading application. The platform supports multiple languages, including English, Spanish, French, German, Italian, Russian, and Chinese.
Cryptomate FX 247 Regulations
Cryptomate FX is a new online broker that is based in the Republic of Seychelles. The company offers a wide range of financial instruments and platforms for its clients to trade on. Cryptomate FX is regulated by the Seychelles Financial Services Authority (FSA).
The company offers the MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are available for desktop, web and mobile devices. Cryptomate FX offers a wide range of CFD instruments including forex, commodities, indices, stocks and cryptocurrencies. Cryptocurrency CFDs are traded on the popular BitMex exchange.
Cryptomate FX has low minimum deposit requirements and provides leverage of up to 1:500. Spreads are variable and start from as low as 0.0 pips. There is no commission charged on trades.
Cryptomate FX provides negative balance protection and operates in compliance with the Markets in Financial Instruments Directive (MiFID). The company is also a member of the Investor Compensation Fund (ICF).
Cryptomate FX 247 Platforms
Cryptomate FX offers traders a choice of two trading platforms: the web-based MetaTrader 4 (MT4) platform and the proprietary Cryptomate Trader platform. Both platforms are available for demo and live trading accounts.
The MT4 platform is a popular choice for forex traders due to its ease of use and advanced charting and analysis features. Cryptomate FX’s MT4 offering includes all the standard MT4 features, plus a range of custom indicators, expert advisors and plugins developed by Cryptomate FX. The Cryptomate Trader platform is a powerful yet user-friendly platform designed specifically for forex trading. It offers advanced charting, analysis and order management tools, as well as a range of exclusive features not found on other platforms.
Cryptomate FX offers a wide range of tradable instruments including major, minor and exotic currency pairs, metals, energy commodities and global stock indices. All instruments are traded on margin, with leverage up to 1:500 available for retail clients.
Cryptomate FX 247 Instruments & Ratings
Cryptomate FX offers 247 instruments for trading, including major, minor and exotic currency pairs, as well as CFDs on precious metals, energies, indices and cryptocurrencies. The broker also provides access to the MetaTrader 5 platform and mobile apps.
In terms of ratings, Cryptomate FX has a 4.5 out of 5 rating on Trustpilot based on over 100 reviews, and a 4 out of 5 rating on Forex Peace Army.
Pros and Cons of Cryptomate FX 247
Cryptomate FX is a new online broker that offers forex, CFD and cryptocurrency trading. The company is based in the UK and is regulated by the Financial Conduct Authority (FCA). Cryptomate FX offers three account types – Standard, Premium and VIP – with a minimum deposit of $250 for the Standard account, $2,500 for the Premium account and $25,000 for the VIP account.
The Cryptomate FX platform is available in three versions – WebTrader, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) – and offers a wide range of tradable instruments including major, minor and exotic currency pairs, precious metals, energies, cryptocurrencies, indices and equity CFDs. Cryptocurrency trading is available on both MT4 and MT5 platforms with leverage up to 1:10.
Cryptomate FX charges a commission of $3 per lot traded on forex pairs and $0.03 per share traded on equity CFDs. There are also overnight funding charges for positions held open overnight which vary depending on the instrument traded.
Deposits and withdrawals can be made using credit/debit cards or bank wire transfer. The minimum deposit amount is $250 for credit/debit card deposits and $1,000 for bank wire transfers. Withdrawals are processed within 1-3 business days.
Pros:
– Wide range of tradable instruments including forex pairs,
Conclusion
All in all, we found Cryptomate FX 247 to be a very user-friendly and reliable broker. They offer a great variety of instruments and platforms, as well as competitive spreads. We also appreciate that they are fully regulated by the FCA, which instills confidence in their safety and security measures. Overall, we would definitely recommend Cryptomate FX 247 as a broker for both beginner and experienced traders alike.