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CryptoMatex Review – A Reliable Solution for Online Trading

CryptoMatex Broker Rating
Account Types9.6
Trading Speed9.8
Customer Service10
Safety9.7
9.8
Conclusion
Read our CryptoMatex review and learn why we recommend this exchange for online trading and why it is not a scam, learn all you need to know in this CryptoMatex review before you sign up with the exchange.

CryptoMatex Review

CryptoMatex logo

There was a time when you could only think about trading in the financial markets, but actually going through with it was easier said than done. There were a lot of hurdles and challenges to overcome, so most people had to make do with only dreaming about it. Online trading changed things significantly and gave everyone access to the market. The only thing that remained constant was the need for a broker. While hundreds of these exist to help you trade in the financial markets, there are also bad actors amongst them. Therefore, you have to proceed with caution and take steps to mitigate the risks, like reading CryptoMatex review and checking out the company thoroughly.

It is vital to remember that most of your online trading experience will depend on the choice of the broker. They are the ones giving you access to the software you use for trading, they provide the trading conditions and also have the tools. If they don’t do a good job in any of these areas, you are the one who will suffer the consequences. For instance, if the trading platform is slow, you will not be able to capitalize on your trades. If the trading conditions are tough, you will not be able to make much profits. In case they don’t provide the right tools, you will not be able to make smart trades.

In a nutshell, you need to be very careful when making this decision because it can have long-term consequences. It is not as simple as picking the first name you come across. Yes, the markets are overrun with companies offering their trading services, but they all are different in one way or another. It is up to you to see what broker will be able to meet your criteria and provide you the kind of services you are after. In the long list of companies, there is one named CryptoMatex and this forex and CFD (Contract for Difference) broker has steadily climbed the ranks.

Their services are targeted to traders of all skill levels and they are catering to clients all around the globe. CryptoMatex has also received a few awards for their exceptional services and offerings, which makes them a reliable choice. Let’s check out how they have earned this reputation:

BrokerCryptoMatex
Websitehttp://cryptomatex.com/
Trading AccountsFour Account Options; Basic, Silver, Gold and Platinum
Minimum Deposit€250
Assets CoverageForex, Cryptocurrencies, Stocks, Indices, Commodities, CFDs and ETFs
Trading ToolsTrading Indicators, Signals, Live Charts, Technical Analysis Tools, Price Alerts, Market Calendar and Risk Management Tools
Education and TrainingYes; , glossary, e-books, online video courses, webinars, tutorials and market analysis
Customer Support24/5 through email, phone number, online contact form
Security PolicyKYC (Know Your Customer) and AML (Anti-Money Laundering)
Parent CompanyCryptoMatex

Excellent Security Policies

Trading in the financial markets is undoubtedly risky because they tend to be volatile, but with online trading, the risks are doubled because you have to deal with security concerns as well. The internet has become a stomping ground for cybercriminals and you are exposed in multiple ways when you are even just browsing online. There are countless incidents of identity theft and stolen funds and you have to face these possibilities when you decide to register yourself with a broker. Therefore, it is a good idea to seek a company that can protect you through its security policies.

There are some steps that can be taken and CryptoMatex has not backed off. They have proper security policies in place for creating a safe environment for traders. They use high-end encryption technology and SSL (Secure Socket Layer) certificates for keeping all sensitive and confidential data away from prying eyes and monitor all website traffic. If you want to know what information they accumulate and how it is used, you can check out their Privacy Policy. They are also proactive about keeping client funds’ secure, and have chosen to keep accounts segregated.

This means that CryptoMatex’s own funds are not mixed with the deposits made by traders and the latter are stored in reputable financial institutions and banks for maximum security. Furthermore, the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) are also in place for keeping out the criminal element. Every account on the platform has to be verified, so no fake profiles can be created for taking advantage of people. To comply with these policies, traders have to provide proof of identity and proof of address.

For proving your identity, you can provide CryptoMatex with a document, such as your national ID card, a driver’s license or an international passport. For your address, you can give a utility bill like gas, water or electricity, a bank statement or even a credit card bill, as long as they show your full name and address.

Easy Registration Process

One of the most common complaint amongst traders about brokers is their long and complex registration process. In fact, there are many people who leave the process halfway because they become frustrated with all the unnecessary information they have to provide and the requirements they have to meet. With CryptoMatex, you get a very pleasant surprise because their registration process is not more than 5 minutes long. To register for their services, you only have to fill out one form on their website.

This form asks you to share only some basic data, such as your first name, last name, and address, date of birth, phone number and country of residence. You also have to share an email address and password with CryptoMatex, as this will be used as your login details later on. The last step is to agree to the Terms & Conditions that are outlined on their website. These are very straightforward and you can check them out thoroughly before agreeing. As soon as you enter submit, the process will be done and you will be registered for an account.

Variety of Trading Instruments

Are you interested in trading forex currency pairs? Is it cryptocurrency that has drawn you towards the financial markets? There are different markets that can be explored and the profits and risks associated with each are also quite unique. You can check them out and decide where you wish to invest in and ensure that the broker you are considering will give you access to your selected markets. If you don’t want to focus on just one and prefer diversification, again you need to ensure it can be done.

While it is possible to use several brokers simultaneously, it can become immensely difficult to keep track of every account and results in losses. Hence, it is best to find one company that can offer you everything you need in one place and CryptoMatex is a suitable choice in this situation. With over 200 trading instruments available, they provide you access to the best global financial markets in the world. Even if you have a specific instrument in mind, there is a good chance you will find it here. If you are aiming for diversification, it is also easy on this platform. Some of the markets you can trade in are:

Stocks

One of the most well-known financial markets in the world, the stock market is brimming with opportunities and you can invest in some of the biggest companies in the world. Apple, eBay, Alibaba, Fiat, PayPal, VISA, Volkswagen and Twitter are some of the choices you will come across.

Indices

If you would rather trade a basket of stocks than individual ones, the indices market is the best option and it can be quite lucrative. There are numerous indices available at CryptoMatex, such as NASDAQ 100, CAC 40, DAX 30 and FTSE 100.

Commodities

Traders who are seeking trading instruments boasting low volatility can go with the commodities market. There are soft commodities and hard ones and both can provide consistent returns. The former include agricultural items like wheat, soybeans, coffee, rice and sugar and the latter comprise of precious metals like gold, silver, copper and platinum. You can even trade crude oil and natural gas.

Forex

The world’s largest financial market, the foreign exchange market has plenty of opportunities to offer. This volatile market comprises of currency pairs, including EUR/USD, USD/JPY, AUD/NZD, GBP/USD and USD/CAD, along with plenty more options that can generate high profits.

Cryptocurrencies

If cryptocurrencies have drawn you to online trading, then you will be pleased to discover that CryptoMatex gives you access to some of the most profitable and in-demand crypto options. Bitcoin, Bitcoin Cash, Litecoin and Ethereum are only a handful of choices you can go for.

Multiple Account Choices

It is a given that when you are looking at brokerages, you would want to choose one you can trade through comfortably. You don’t want to be restricted or have to face difficulty during the trading process and a great deal of it will depend on the account you open. Every platform has their own account choices and traders are required to pick one from the options available. The features and requirements of each vary and you have to take them into account when you pick one. You will find four account choices at CryptoMatex, each of which has been created for a different type of trader.

Having access to multiple account choices ensures that can find an account you are comfortable with using and it works for your trading style. Let’s look at what options you get here:

Basic

This account is for novices in the financial markets due to which it is known as Basic. It offers features same as its name, as newbies don’t really need much more than that. You are asked to deposit a minimum of €250 to open this account and a maximum deposit of €4,999 can be made. It comes with 24/5 customer support, a 10% no-interest loan on deposit and leverage of 1:50.

Silver

Traders who have moved ahead enough to be called intermediate traders can open the Silver account on CryptoMatex. They are required to make a deposit of €5,000 and can increase this to as much as €24,999. Along with customer support, it now increases the leverage to 1:100 and offers a no-interest loan at 20% on deposit.

Gold

The Gold account is really gold for traders, especially advanced ones, because they can get leverage as high as 1:200. This account needs a minimum deposit of €25,000 and traders are free to increase their investment to as much as €100,000. They receive a 30% no-interest loan, a VIP mentorship program, event analysis, and a one-on-one educational course, trading alerts, a direct line to your account executive, daily market reviews and free monthly webinars.

Platinum

The final account that has been added to the offerings on CryptoMatex is for skilled and professional traders with years of experience under their belt. Therefore, they wouldn’t have a problem in making a deposit of €100,000 and can increase their investment to as much as they want because there is no cap on it. The leverage in this account is 1:400 and it provides account users with trading signals, event trading as well as a money management plan.

Apart from these offerings, CryptoMatex has also made an effort to create a user-friendly web trading platform for its clients. This doesn’t have to be downloaded, which makes it a great addition and they have also equipped it with state-of-the-art technology for delivering the ultimate trading experience to their clients. You can find a bunch of trading tools provided to the traders and they have even added educational resources for their guidance and ease. There are courses and tutorials that can be immensely helpful, and expert webinars can provide insight into how the market works.

CryptoMatex also offers top-notch customer support to its clients because it understands the importance of assisting traders when required. The trading conditions are quite competitive and can help you make the most of your returns. With CryptoMatex, you can have a smooth and comfortable trading experience.

Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

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