Cryptoneyx-Overview of Minimum Deposit, Leverage, Spreads

Note: For some unknown reason, we cannot open Cryptoneyx's official site (https://www.cryptoneyx.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

Cryptoneyx is allegedly a forex broker registered in China that claims to provide its clients with various tradable financial instruments with leverage capped at 1:400 on the web trader and the leading MT4 and MT5 trading platforms, as well as a choice of seven different live account types.

As for regulation, it has been verified that Cryptoneyx does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.08/10. Please be aware of the risk.

Negative Reviews

Some traders shared their terrible trading experience on the Cryptoneyx platform at WikiFX. They said this platform was a scam company and they were unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.

Market Instruments

Cryptoneyx advertises that it offers access to a wide range of trading instruments in financial markets, including forex currency pairs, cryptocurrencies, indices, commodities and stocks.

Account Types

Cryptoneyx claims to offer seven types of trading accounts, namely Bronze, Silver, Gold, Platinum, Diamond, Premium and VIP. The minimum initial deposit amount is extremely high-€10,000 for the Bronze account, while the other six account types have much higher minimum initial capital requirements of €25,000, €50,000, €100,000, €250,000, €500,000 and €1,000,000 respectively. In comparison, the licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

The leverage is capped at 1:400, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform Available

Platforms available for trading at Cryptoneyx are said to be the industry-standard MetaTrader4 and MetaTrader5, as well as a web trader. However, there were no download links, meaning that these may not actually be available.

In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Cryptoneyx says to accept deposits via credit/debit cards, bank transfers and a crypto wallet. The minimum initial deposit requirement is as high as €10,000.

Customer Support

Cryptoneyx's customer support can be reached by telephone: +442070466264. Company address: 20 Primrose St, London EC2A 2EW, United Kingdom.

Pros & Cons

Frequently Asked Questions

What trading instruments does Cryptoneyxs offer？

Cryptoneyx offers a series of trading instruments, including Forex Pairs, Cryptocurrencies, Stocks, Commodities.

What trading platform does Cryptoneyx offer？

Cryptoneyx is said to offer MT4 or MT5 trading platform.

What trading leverage does Cryptoneyx offer？

Cryptoneyx offers the maximum trading leverage up to 1:400.

What payment methods does Cryptoneyx support？

Cryptoneyx supports limited payment methods, which include credit/debit cards, bank transfers and crypto wallet.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.