Note: CryptoMinFx's official website: https://cryptominfx.com/ is currently inaccessible normally.
CryptoMinFx is an unregulated forex brokerage registered in the United Kingdom offering over 35 forex pairs, commodities (gold, silver and oil), stock, indices, cryptocurrencies for you to tarde through MT4 or MT5.
Pros and Cons
Is CryptoMinFx Legit?
CryptoMinFx is currently under no legal regulation from authorities, which means this broker may cheat your assets without facing any consequences. Therefore, when considering trading with CryptoMinFx, you must be cautious.
What Can I Trade in CryptoMinFx?
CryptoMinFx offers a wide range of trading instruments, including 35+ forex pairs, commodities (gold, silver and oil), stock, indices, and cryptocurrencies.
Trading Platform
CryptoMinFx purports to support trading on MT4 and MT5, yet all provided links for downloading either MT4 or MT5 are non-functional, suggesting that CryptoMinFx has not secured official authorization from these platforms.
CryptoMinFx Minimum Deposit/Leverage
The minimum deposit required by CryptoMinFx is $50, a relatively low requirement in the industry. You should notice, however, that their website is now inaccessible and registering an account is unavailable too. As a result, the authenticity of the minimum deposit amount cannot be confirmed.
In addtion, they claim to offer a maximum leverage of 1:500, which is much higher than most regulated broker.
Deposit and Withdrawal
CryptoMinFx accepts deposits and withdrawals via credit cards, wire transfers, and Bitcoin. Whether handling fees are charged is not specified.
Customer Service
Since CryptoMinFx's website is unavailable, the ways of contacting customer service are limited and you can only reach them through phone and email.
The Bottom Line
CryptoMinFx offers a variety of trading tools and high leverage, which may be appealing. However, it lacks transparent information on regulatory compliance and its website is unvailable. Therefore, traders are advised to avoid such brokers.
FAQs
Is it safe to trade with CryptoMinFx?
No, trading with CryptoMinFxis unsafe given the lack of legal regulation.
What is the minimum deposit at CryptoMinFx?
The minimum deposit is $50.
What is the maximum leverage offered by CryptoMinFx?
The maximum leverage is 1:500.
