Currency.com Review 2024 - Investing.com (2024)

Pros

• The broker has a low minimum deposit
• Excellent training material is available
• The platform is technology-driven
• Traders can access up to 1:20 leverage

Cons

• Does not accept US or Russian clients

Currency.com is recommended for traders who like to make informed investment decisions, as this broker offers extensive trading material to its customers, such as more than 75 technical charts, instant price alerts, trading dictionaries, market news, and other features.

The Currency.com platform is also recommended for traders who are focused on cryptocurrencies. Currency.com offers more than 225 tradable assets to its clients and allows users to check the latest market prices, spreads, percentage changes in prices, and historical charts.

• Advanced Trading Platform. Currency.com offers a web-based trading platform that lets its users trade anywhere. This trading platform is also compatible with smartphones, offering different versions for Android and iOS.
• Low Minimum Deposit. Another great feature of Currency.com is its low minimum deposit of just $20. This minimum deposit is far lower than that of many other brokers. Additionally, the minimum withdrawal limit is fair, as Currency.com allows customers to withdraw amounts as low as $100.
• Wide Range of Assets. Users can choose to invest in the instruments with which they are most comfortable. A wide range of assets gives users the opportunity to earn from multiple instruments at the same time.
• Excellent Trading Tools. The tools offered on Currency.com’s platform are extremely helpful to traders. Currency.com offers its customers the latest price charts, technical analysis indicators, and price movement comparison tools. Access to these tools ensures that traders are ready to take advantage of price movements at any time.

Currency.com is regulated by the Gibraltar Financial Services Commission. The platform maintains client funds in separate accounts, but these accounts are not insured. However, there is a strong focus on complying with all Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.

The verification process at Currency.com is robust and ensures that all vital information is collected before the user can begin to trade on the platform. The platform also protects its users from negative balances and guarantees stop losses.

Currency.com levies four types of fees on its users. The trading fee is 0.0125%, and this platform charges an exchange fee of 0.2% for cryptos.

• A funding fee is also applied to continuously leveraged trades held according to the market rate. This fee varies based on the type of instrument that is being held. The final fee is for overnight funding, which is added to or subtracted from your account when you have a booked order after a certain time.
• The spreads offered by the platform are fairly narrow, starting at $0.05 for Bitcoin. Additionally, there are no hidden fees. Further, the minimum deposit set by Currency.com is only $20, and the minimum withdrawal amount is $100. However, it is also worth noting that the platform charges deposit and withdrawal fees to its users. Withdrawal fees can include a variable charge of up to 2.4%, plus a fixed fee of up to $3.

Currency.com offers its users a proprietary web-based platform. Although the platform does not offer support for MetaTrader 4 and MetaTrader 5, Currency.com’s in-house interface is extremely well-developed. The interface allows users to review 75 technical indicators and multiple charts. Users also get instant price alerts and quick transaction processing speeds, and the platform is compatible with Android and iOS.

Currency.com has also won awards in recent years, indicating that the broker is popular with traders and offers some good features. The platform’s awards include:

• “Best Crypto Trading Platform” – CED2021 Crypto EXPO Dubai (2021)
• “Breakthrough in Cryptocurrency Trading” – ADVFN (2020)

Currency.com’s proprietary web-based platform offers a robust user experience to its traders that is user-friendly with an interactive interface. The platform offers great features, such as 75 types of technical charts, useful trading information, news, and extensive trading support.

Traders are also free to test out the platform’s features by creating a demo account that lets them trade with virtual bitcoins. The demo account offered by the broker mirrors the full-feature account with no major restrictions, except you are using real money to trade. In general, the platform offers only one account type, a standard account that can be used to trade all the different instruments that are offered.

The customer support offered by the broker is also among the best in the industry, with Currency.com offering 24/7 technical support to its users. The company website can also be viewed in 10 languages, including English, Russian, Indonesian, Spanish, Portuguese, Vietnamese, Korean, Malaysian, Thai, and Chinese. Support can be reached via chat, email, phone call, or on the website. Currency.com also offers affiliate and referral programs to its users.

The browser-based platform offered by the broker is very user-friendly. Although there is no support for MetaTrader 4, the company ensures a smooth interface and intuitive trading experience with its in-house platform.

The broker also offers a great range of assets, ensuring that traders can choose instruments for any trading strategy. The commissions and fees charged by the broker are a little on the high side; however, despite this downside, Currency.com is a good option for advanced traders who want to access a wide range of assets and trade cryptocurrencies in a secure environment.

Q: Can I register for a demo account?
A: Yes, Currency.com allows its users to register for a demo account. This account allows users to learn about the process of trading cryptos without risking their own money. The entire demo account experience at Currency.com is mostly the same as a full-fledged trading account, except, with the demo, users can only trade in virtual bitcoin.

Q: What are the different account types offered by Currency.com?
A: Currency.com offers only one type of account.

Q: Does Currency.com offer mobile trading?
A: Currency.com offers full support for mobile trading. Users can download the app to access their trades from their smartphones. The mobile apps offered by the platform are fully compatible with both Android and iOS.

Q: Will my funds be secure with Currency.com?
A: The investor funds are kept in segregated accounts that cannot be used by the company. Although these funds are not insured, they are protected by strong security measures. Currency.com is also audited by an external firm, thereby providing extensive security to its users.