About Monfex.com
Monfex.com is an exchange for trading cryptocurrency. It stands out from other exchanges by offering leverage of up to 50 times. The minimum trade size is just 0.01 BTC and there are 12 coins to trade on the platform. Commissions are just 0.075 percent.
Monfex advertises numerous features and characteristics that set it apart from the competition. There is a very reasonable amount of trades available, with the option to trade 12 coins and go long or short. You can also trade versus USD and have leverage of up to 50 times.
Monfex.com is an offshore CFD broker focused on the crypto currency market, offering 12 crypto pairs on a web based trading platform and leverage of up to 1:50. Unfortunately the broker is not regulated so trading with them might prove risky.
Operating company
| Exchange name | Monfex.com |
| Support | 24/7 |
| Langugae | English |
| Max Withdraw | no limit |
| Trading Commission | 0,11% |
| Min Deposit | 0,01 BTC |
| Official site | https://www.monfex.com/ |
How To Start With Monfex.com
To start trading with Monfex.com ,Indian residents first have to sign up for an account by following the steps below.
Step 1. Click on the “Login/Signup” link on the top right hand corner of the Monfex.com website.
Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.
Step 3. If you have a referral code, enter the code while creating your account.
Step 4. Submit the form and wait for an activation email to be sent to you.
Step 5. Click on the “confirm email” link in the activation email.
Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Monfex.com account.
Liquidation
The liquidation level is 40%. This means that if the value of your account is $600 and you have open position with negative P&L $360 or more, all your positions will be fully liquidated at the best available price as your account value drops below 40%. (Liquidation level = Account value X 40%)
Minimum Deposit
The minimum deposit amount is $100. No. There are no deposit fees. Yes. You can user your Visa/Mastercard.
Why people Choose Monfex.com
Secure
Deposits are stored with industry leading security measures. Set up your account and deposit funds in under 1 minute.
Powerful
Trade 9 instruments (Forex, Indices, Commodities), long or short, with up to 100X leverage.
User friendly
Feel in control on our state of the art user friendly platform.
COST EFFECTIVE
HELPFUL
Mobile Platform
Monfex.com platform is mobile responsive. Meaning it will work on your phone. Simply visit Monfex.com on your phone. Yes, they have an easy to use web platform. The downtime period is everyday from 4:55 to 5:05 pm EST time zone. During this period you can not exit your positions or enter any new ones. Also financing fees will be charged/paid during this time.
Disclaimer:
Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.
Article Disclaimer
The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .
