The cryptocurrency exchange CryptoFacilities was launched in the year 2014 in London, UK. The company is administered by FCA or Financial Conduct Authority. The company actually trades in financial derivatives. So the cryptocurrencies are simply one of the financial instruments.
FCA implements a wide range of rules and regulations on a lot of business organizations, and CryptoFacilities is no different. As per clause 3.2 of CryptoFacilities Membership Agreement Financial Services Compensation Scheme is not applicable when cryptocurrencies used in maintaining accounts. This is because cryptocurrency doesn’t fall under the category of “money” or a “Specified Investment Instrument” as of now.
Each trading account saved offline and taken care of by Elliptic, the well-known crypto-security organization. Besides, CryptoFacilities also insures the blockchain agreement by a popular “A-rated, Fortune 100” insurance company. The UK based traders should have a clear idea of which insurance company they are mentioning about.
As the security system of CryptoFacilities is very strict. Hence the exchange has not been hacked till now. As of now, the company seems to be quite safe. It also secure in comparison to other conventional Altcoin exchanges.
Prospects of cryptocurrency with CryptoFacilities:
Investors can get into four different types of contracts with CryptoFacilities. Traders enjoy the lowest fee table in the market. Also there is no funding fee or any swap rating hidden anywhere. To know further details all the investors have to do is to go through the website. The bottom-line is that CryptoFacilities offers one of most competitive fee structures for the investors.
The leverage proportions provided by CryptoFacilities depend on the instrument traded with. The standard future value of Ripple and Bitcoin are set at 1:8 and 1:6, respectively. In spite of the fact that the derivative based on Altcoins. Also the ratio of the “turbo” Bitcoin is 1:50 which pretty high.
CryptoFacilities charge fees in Bitcoins and Ripples as per the signed contract. Passive traders can trade without any cost. On the contrary, the active traders who bid first may have to pay between 0.0008 BTC and 8 Ripples. As the price of cryptocurrencies is constantly shifting, the fees may change in future.
- Regulated by FCA
- Strict security
- Insurance provided for blockchain settlement
- Access to tools that analyze the futures curve
- Complex trading platform
- Profit and loss calculated in Ripple or Bitcoin
- Accepts nothing other than blockchain transfers
The affiliate program offered by CryptoFacilities is very lucrative. CryptoFacilities affiliate partner will get 50% of the fees from anyone he/she refers. The affiliate partner will continue receiving the percentage for the subsequent two years. To become an affiliate partner one has to sign into the CryptoFacilities website and click on “account” tab. The referral URL will be sent as soon as the “affiliation” link clicked on. The affiliate partner must share the URL on different social media platforms. As soon as someone signs up using the URL, the affiliate program gets half of the registration fees.
CryptoFacilities Affiliate Review
This is a company that has been around longer then most. They are regulated and completely transparent. In terms of feeling secure on a trading platform you can’t do much better then these guys. However their platform is a little advanced for the novice trader, and if you’ve been around for awhile chances are you’ve already worked with them or at the very least have heard of them. They get our recommendation.