KontoFX is a non-regulated Crypto CFD broker that launched in June 2018. They operate exclusively on cryptocurrency trading with a variety of available cryptos, from the most popular like Bitcoin, Ethereum and Ripple to more exotics such as Cardano and Stellar and IOTA, among others.
KontoFX offers users three different trading accounts, depending on their level of experience and personal trading preferences. Each account type comes with individual features and benefits users can enjoy.
The following features are available for all three account types.
- Access to all digital currencies
- Account currency: EUR, GBP
- Minimum trade size: 0.01 lots
- Maximum leverage: 1:200
- Minimum deposit: 250$
- 24/5 live support
- Analyst Manager
- Flexible deposit methods
- Access to Resource Center
- Live webinars
- 1-on-1 training
- Daily market analysis
- Exclusive events
As the name suggests, the self-trading account allows users to trade on their own. It includes the basic set of necessary trading options and gives traders the ability to adjust their own strategy. This account is suitable for both beginners and experienced traders.
- Trade on your own
- Minimum Spread: 0.6 pips
Contrary to the first account where users trade for themselves, KontoFX offers an account that uses advanced artificial intelligence tech to predict market movements and trade on user’s behalf.
- Robot trades for you
- Easy set-up and run
Social Trading Account
The third and final account type KontoFX offers enables users to follow their most successful traders and copy their trading positions. They claim that being as successful as their top investors is easy and do not require any experience or a lot of time.
- Copy our top traders
- No experience required
Trading Software & Assets
KontoFX offers investors over 50 different cryptocurrencies to trade, all of which are divided into general, exotic and mini trading pairs. They have available from the most popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Dashcoin, Monero and Litecoin to the more exotic like IOTA, Verge, Siacoin, Cardano, NEO, QTUM, Lisk and Stellar, among others.
KontoFX uses a dynamic WebTrader platform that is based on the classic MT4 platform but simplified so that it can be easy-to-use even for complete beginners. The WebTrader platform is a browser-based platform, which means it does not require any downloads or installations on your device. It can simply be accessed via KontoFX’s “Trade Now” page. Finally, unlike many other web-based platforms, KontoFX WebTrader does not need Flash to operate, which means it can be run on almost any device.
The KontoFX WebTrader is available on PC and Mac computers and laptops. They are currently developing a mobile version which will be available for both Android and IOS devices.
KontoFX offers an entire education section on their site, with four different pages specifically devoted to teaching traders the basics of Crypto CFD Trading. Under the “learn” tab on the website, users can find what is CFD trading, what is crypto trading, information on cryptocurrencies and a glossary of all the major trading terms all investors should know.
KontoFX claims to offer 24/5 customer support through email, phone or live chat. On their contact page, they mention their customer care team is not in fact available 24 hours a day, but 5:00 – 22:00 GMT. This customer support is available in English, German and Spanish.
Banking & Company Information
KontoFX is owned and operated by NTMT Transformatic Markets OU in Estonia. Specifically, they are located at Harju maakond, Tallinn, Kesklinna linnaosa, Parda tn 4, 10151 Estonia.
As for payment methods, KontoFX accepts wire transfers, Master Card, Maestro and Visa.