KontoFX Review – Deposit, Withdrawal, Scam Or Real?
KontoFX brand new cryptocurrency CFD trading broker, they provide the browser based software to execute trades on all currencies to customers from all over. They accept customers regardless of their skills or experience and have account options that can assist beginners and season pro’s. This Hungary based company claim their mission is to satisfy the customer first
What you can Trade
Over 50 Cyrpto currencies available to trade on and various account types to choose from. Some pairs you can trade on include BTC vs USD, BTC vs EUR, BTC vs GBP and other similar pairs. As well as other crypto such as Ripple, IOTA, Etherum, Dash and Litecoin they also offer Stocks, Indices and Commodities.
The training provided by Kontofx for beginners include various guides and webinars and you can access some of them without evening signing up as a customer. For example on one of their learning pages they run through quite an in depth review of what crypto is and why it is so great for trading. The glossary page also gives a paragraphs on things like each Crypto explaining who founded each of them and even attempts to explain the blockchain. KontoFX also provides education on technical analysis that explains how to read trend lines, downturns and other vital knowledge that will help you make money with their platform. It is a good idea to read through them first before creating an account if you are feeling unsure.
KontoFX have followed suit from other brokers and installed a live chat feature on all pages. When we tried to test it the response time was very clear and our query was answered well enough. We however tried to load the contact page it wasn’t working and instead just kept refreshing repeatedly which was slightly worrying. Fortunately though it did start to work on found both the phone number +44 1217263858 and emails firstname.lastname@example.org, email@example.com which both seem to active.
KontoFX doesn’t complicate things for users and offers 3 basic options for customers. The first one is a Self-Trading Account which lets you trade on your own. It says this can be used by beginners but some of the others might be a better choice if you are extremely new to the game. The second account is an auto-trading robot which predicts market patterns while being pretty much hands off for the customer. The final account type is the Social Trading Account while this isn’t robotic it isn’t far off it since it let you copy the trades of other professional traders.
All of the 3 accounts come with 24 hour support 5 days per week, 1 on 1 training, webinars streamed live, analysis from the markets and “exclusive events” although now much more info is given on what they are.
Payments and Deposit
While it is actually free to sign up and create an initial account on KontoFX to start trading there is a minimum 500 euro wire transfer starting deposit which is pretty standard. Payments for KontoFX can be made with Wire Transfer, MasterCard, Maestro, Visa which does leave an option for protection in the future in the event you get scammed.
If the time comes when you want to withdraw some of your balance from Konto then it is said to take approximately 1 week for the payment to be processed. That time cannot be guaranteed and is influenced by various card and bank processors.
Are you a current or past KontoFX customer? let everyone else know about your experience in the comments below. We can’t 100% confirm if KontoFX are actually based at Northside Business Centres, 2nd and 4th floor, BC91 Office building, Váci út 91, Budapest 1139, Hungary and some of the other reviews online don’t look to great. Help everyone else out with your feedback.