Check Forex Bonus Lab KontoFX review, you will learn about the trading accounts, trading software, bonuses, customer service and many more!
Leverage: 1:200 Licences: N/A
Min. Deposit: 250 EUR Bonus: 15%
Spreads: from 0 pips US Clients: No
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KontoFX Forex Broker overview
KontoFX Forex brokerage is a newly established firm that is based on Estonia. It is a child brokerage of the NTMT Transformatic Market OU. KontoFX was founded just one year ago and already has a growing number of the customers. Since the brokerage is not regulated till now there are many different opinions about KontoFX. is KontoFX scam? Not surprisingly it is the common question asked about the newly founded unregulated company. Unlike the fraud brokers KontoFX doest claim to be regulated and does not put the fake licensed number. They have displayed all the information you would like to check about the broker, their registration address, current address, Email addresses and the phone number for customer support. In addition to that, the KontoFX broker belongs to the large company, it is a good reason not to consider the brokerage a scam.
Two main services that KontoFX offers two its customers is trading with CFDs and cryptocurrencies. To ensure the best trading experience that is designed and customized to their services and needs of the customers KontoFX Forex broker provides with its own trading platform. Since the company is not regulated they are offering the high leverage that is one of the advantages that attracts the customers. KontoFX offers 1:200 leverage when the ESMA regulations restrict EU brokers to have leverage higher than 1:30. The minimum deposit that the broker requests the customer is 250 EUR/GBP, customers are able to make a transfer via Visa, Mastercard, Wire transfer and maestro. KontoFX provides well-designed account types to the customers with all kind of experiences, does not matter if they are professional traders or just beginners. The customers of KontoFX Forex brokerage have access to the educational webinars the broker provides.
KontoFX offers three types of accounts to its customers: Self-trading account, Auto-Trading account, and Social Trading account. One can choose their trading account depending on their skills and overall experience in Forex trading account. All of the accounts are designed in a way that can be used by both- Experienced and beginner traders. Self-trading account is – as the name suggests – an account where individual trades by himself. The account provides the basic set of necessary trading options. This account is best used for trying out new and existing strategies. Auto-trading account suggests individuals to let the artificial intelligence trade instead of them. The advanced AI can predict the market patterns and make decisions based on these predictions. Social trading accounts simply allow users to follow the lead of successful traders and copy their positions.
Every trader that has one of the KontoFX accounts gets the set of the tools and features that can be used in the process of trading, here’s some of them:
- Analyst manager
- flexible deposit methods
- live webinars
- daily market analysis
- resource center access
- one on one trading and more.
What does KontoFX offer
KontoFX review shows us that the broker tries to offer one of the best conditions to the people trading with CFDs and cryptocurrencies. KontoFX has a 1:200 leverage that is higher than any regulated broker can offer in EU. They provide over 50 digital currencies for the crypto traders. These cryptocurrencies include not only the most common ones as Bitcoin, Ethereum and Ripple but also the ones that are called exotic cryptocurrencies such as Tether, Neo, Stellar and many more.
KontoFX bonuses are available for the new customers, The broker has different bonuses time after time, currently, the new customer can receive a 15 percent bonus for trading with exotic cryptocurrencies.
KontoFX customer service is available for the customers and potential customers every working day, from Monday to Friday you can get any information or support you seek. You can contact the KontoFX support team from 05:00 till 22:00 GMT. The KontoFX website has three available languages – English, Spanish and German, you can contact the support team in these languages. KontoFX broker customer service team can be reached via the email addresses that are indicated on the website and via the phone number as well.
Deposit & Withdrawal
KontoFX minimum deposit is 250 EUR or 250 GBP. The deposit must be made by any of the following payment system: Wire transfer, Visa, Mastercard or Maestro. KontoFX withdrawal is possible after submitting the withdrawal request form.
KontoFX trading platform
KontoFX does not use any trading software, instead, they have designed their own software – WebTrader. WebTrader does not need to be downloaded and installed, it is accessible directly on KontoFX website. Unlike many other web-based platforms it does not require Flash which means that you can run it on every device. KontoFX WebTrader has some of the advanced tools for analytics. There are about 50 indicators and tools built in the platform to make the trading easier and more comfortable for the traders. Especially for the crypto traders, WebTrader has eight timeframes for each cryptocurrency. The platform is very simple and easy to use, in addition to that the KontoFX is providing free trading guides to simplify the process of trading for customers more. Having well designed and easy-to-use trading platform adds some good points to KontoFX rating.
Creating KontoFX account
Creating KontoFX account is as simple as it can be. The individual only needs to fill the one-minute registration form and they can start trading. The questionary requests only the basic personal information: First name, last name, E-mail address and the mobile phone number. Registration is open to anyone, except to the minors that have not reached 18 years.
KontoFX review conclusion
Can KontoFX be trusted? our answer is yes. The broker is not trying to lure the customers into the scam. The broker has well-designed accounts that are suitable for every kind of trader. It offers a big variety of CFDs and cryptocurrencies to trade with. They have their own trading platform that is simple, fast and easy to navigate on. Last but not least they are offering good bonuses and have a professional customer service that ensures a good experience for every trader.