Currency.com Review 2020
Currency.com is an online financial services provider that offers over 1,500 tokenized assets, such as tokenized commodities, indices, shares, and bonds as well as multiple cryptocurrencies for trading online via the provided trading platform.
Currency.com Review 2020, Pros & Cons
- Multiple cryptocurrencies & tokenized assets
- A range of trading tools & learning materials
- 24/7 customer support
- Minimum $500 deposit
- Limited asset classes
- No MetaTrader or cTrader platforms
- No USA clients
In this detailed Currency.com review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Currency.com is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Currency.com.
Currency.com Review: Summary
Registered in Gibraltar and the Republic of Belarus, Currency.com is a cryptocurrency exchange that allows traders to trade tokenized assets and cryptocurrencies with leverage using a proprietary trading platform. They provide traders with some useful trading tools and educational resources, while a 24/7 customer support team is on hand to assist traders. There is a leverage of up to 1:500 and negative balance protection.
Currency.com Review: Regulation
Currency.com is authorized under the legislation of the Republic of Belarus, and it is also a legal entity authorized by the Financial Services Commission of Gilbraltar with the registration number: 117543.
Currency.com Review: Countries
The Exchange does not offer its services to residents of countries or jurisdictions where the use of such services would be contrary to local laws or regulations. Hence, they do not accept clients from the United States of America.
Some Currency.com features and products mentioned within this Currency.com review may not be available to traders from certain countries because of legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Currency.com Review: Trading Platforms
The Exchange provides traders with its proprietary trading platform. It is an easy-to-use platform that is tailored for tokenized assets and cryptocurrencies. The platform is built with advanced technology and features a vast array of useful features and capabilities, including cutting-edge charts, 75 technical indicators, a comprehensive drawing toolkit, and more. The platform is available as a WebTrader that can run directly on most modern web browsers and a mobile app that is compatible with Android and iOS devices.
Currency.com Review: Trading Tools
Traders are provided with a range of useful trading tools to help with their day trading activities. These include APIs, charts, drawing tools, technical indicators, and more.
Currency.com Review: Education
The Exchange’s website is packed with multiple educational resources such as trading blogs, news, trading guides, video tutorials, and an FAQ section that offers quick responses to clients’ most common questions.
Currency.com Review: Trading Instruments
The Exchange offers tokenized assets on commodities, indices, stocks, and bonds, as well as multiple cryptocurrencies such as bitcoin, litecoin, ethereun, and more.
Currency.com Review: Trading Accounts & Fees
Traders are allowed to open a single live trading account. There is also a demo account for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this Currency.com review. It is imperative to ensure that you check and understand all of the latest information before you open a Currency.com broker account for online trading.
Currency.com Review: Customer Service
The broker offers a 24/7 customer support team that can be contacted through email, Live Chat, and social media.
Currency.com Review: Deposit & Withdrawal
Traders can deposit and withdraw funds via any of these payment methods: credit/debit cards, bank wire transfers, electronic payment processors, and cryptocurrencies.
Currency.com Review: Account Opening
To open an account, click on the Get Started button on the homepage of the website and fill the account application form, providing all the required information.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Currency.com Review: Conclusion
Currency.com is an online digital assets exchange that enables traders to trade tokenized assets in addition to cryptocurrencies. They provide traders with various trading and learning tools. There is also a client support team on hand to assist traders.
The trading of virtual currencies involves significant risk. Price fluctuations can occur which may increase or decrease the value of your assets at any given moment. Any currency whether virtual or not may be subject to large swings in value and may even become worthless. You should not risk an amount you cannot afford to lose.