Introduction to Crypto Facilities
Crypto Facilities is a London-based financial services firm providing trading, indexing, and settlement services for digital assets. The firm, which was founded in 2015, is regulated by the Financial Conduct Authority (FCA) in the UK. It has gained recognition for being the first regulated entity to list futures on Bitcoin, Ethereum, Ripple XRP, Litecoin, and Bitcoin Cash.
Platform Overview
Crypto Facilities provides a platform for individuals and institutions to trade cryptocurrency derivatives with up to 50x leverage. The platform is designed to be user-friendly, with a clean interface and easy navigation. It offers futures contracts on various cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash.
Trading Interface
The trading interface of Crypto Facilities is straightforward and intuitive, even for beginners. It provides real-time price updates, order book details, recent trades, and other relevant information, making it easier for users to make informed trading decisions.
Security Measures
Crypto Facilities takes security seriously. The platform uses industry-standard security measures including two-factor authentication, cold storage for funds, and encryption of sensitive data. It also conducts regular audits to ensure the safety of its users’ funds.
Trading and Fees
Crypto Facilities offers both futures and perpetual contracts for trading. The futures contracts have expiry dates, while the perpetual contracts do not. The platform charges a taker fee of 0.075% and offers a maker rebate of 0.025%.
Leverage
One of the main selling points of Crypto Facilities is the high leverage it offers. Users can trade with up to 50x leverage, which can potentially amplify profits. However, it’s important to note that trading with high leverage also increases the risk of losses.
Deposit and Withdrawal
Crypto Facilities accepts deposits in Bitcoin, Ethereum, and Ripple. The withdrawal process is also straightforward, with withdrawals typically processed within 24 hours.
Customer Support
Crypto Facilities provides customer support via email and live chat. However, the response times can be slow, especially during peak trading hours. This is an area where the platform could improve.
Conclusion
Overall, Crypto Facilities is a reliable platform for trading cryptocurrency derivatives. Its user-friendly interface, high leverage, and strong security measures make it an attractive option for both beginners and experienced traders. However, the slow customer support and the potential risk associated with high leverage trading are factors that users should consider before choosing this platform.
I had a terrible experience with Crypto Facilities as my broker. Their customer service was unresponsive and unhelpful, and I experienced multiple technical issues with their platform. I found their fees to be excessively high and their overall service to be subpar. I would not recommend using Crypto Facilities as a broker for trading cryptocurrency.
I had a terrible experience with Crypto Facilities. Their platform was difficult to navigate and their customer service was unresponsive. I encountered numerous glitches while trading on their platform which resulted in me losing money. Overall, I would not recommend using Crypto Facilities as a broker.
I am extremely unsatisfied with Crypto Facilities’ brokerage services.
I am extremely dissatisfied with Crypto Facilities’ performance as a broker.
I am extremely displeased with the performance and professionalism of Crypto Facilities as my broker.
I am extremely dissatisfied with the broker’s performance at Crypto Facilities.