de | cn | ru Review - is it scam or safe? Review - Is scam or safe cryptocurrency exchange?

RATING: 1.8 / 2 REVIEWS ForexBrokerz is not regulated. We cannot guarantee your money is safe.


Trading Accounts & Conditions


Account type Leverage Maker Fee Taker Fee Deposit Fee
Standard 1:1 0% 0.20%* Bank Transfer: Free

 *fees can go lower, but start at this level. is a crypto-exchnage, which should not be confused with, a popular market tracking website. The company accepts USD payments and facilitates the purchase of a Bitcoin and Etherum. They apparently operate out of Malaysia. Read the full review to get a deeper look. Advantages


Attractive trading fees – the low costs of trading at this exchange are its most unique feature. Market “makers” are those traders who populate the order book and wait for others to accept their bids (or offers). Such market participants don’t pay a fee at The more aggressive market “takers”, who accept the best available price at the moment pay as low as 0.10%, with bigger volumes, but our testing of the platform revealed they start at 0.20%. 


2FA + 98% cold storage – these are the two most notable security features, claims to offer. While we obviously can’t test the offline storage policy, the two-factor authentication seems to work fine. This is a system which links your trading account to your smartphone (via an app by Google). Once this is done, you will need to verify every login with your phone. While this may seem tedious, it will secure your account if somebody knows your pasword.


Accepts bank transfers –  this is probably the second key driving force behind the popularity of this exchange. Allowing newcomers to the world of crypto to get involved, after making a cash deposit is a necessary requirement for the development of the entire ecosystem. Other venues also accept credit cards.


>>Where to buy Bitcoin with a credit card?<<


No fees on bank transfers –  we feel the need to reiterate, this does not mean your deposit will be totally free of charges. The banks involved in the transfer, which may be many, if you are depositing outside of Malaysia, will have some charges involved.


BTC ETH and VVI supported – these are the three coins offered at and traded against USD. The third addition to the list is a bit unusual and leaves us to believe the developers of both projects are in contact. Disadvantages


Virtually no info on the company – counterparty risk will almost always be a part of the cryptocurrency space. That being the case, some companies do a lot more to present themselves as reliable partners. While regulation is only offered in a few countries (most notably the US and Japan), even providing an address of operation, a few pictures of your team and maybe a video will inspire a little credibility. 


Running since 2017 – one of the few things we know about is the fact they are a new company. It’s understandable that a lot of entrepreneurs are entering the field after the massive rally in the aforementioned year, but the potential for trouble with a new exchange are always prevelant. 


Banking and country terms unclear – we don’t say this lightly. A part of the FAQ section states “32 countries are supported”. On the other hand another page reads like this:


Taken from the “Fees & Features” page


We have to mention they also list “Cash” as an available payment method. This leads us to believe those may be places where they have brick and mortar offices, although this seems unlikely. 


That being the case, when registering an account one sees the options listed above, alongside “United States” (which is a bit unusual, as many exchnages have stopped accepting clients from there, due to legal concerns) and the “Others”. Here is a preview


Overall, the situation is a bit of a mess.


Charting isn’t ideal – the trading interface provided by is rather pleasant, but the charting package seems basic. It’s still completely functional, but not as great for technical analysis as the suite provided by TradingView. Here is a preview:


The platform at


Liquidity is questionable – the more detail-oriented among you may have noted how thin the order book is and more importantly the distance between the best bid and offer. One explanation for this is the fact, we took this during early European hours, so the Asian traders may have been to bed.


No leverage –  the number of exchanges providing margin trading isn’t that impressive, so it’s no surprise this one also doesn’t. Those of you who are looking for a bit of margin trading, should consider forex brokers.


>>Forex brokers, offering Bitcoin trading<<


These companies provide clients the ability to trade Contracts For Differance (or CFDs). These are financial derivatives, which only follow the price dynamics of a given asset (in this case a cryptocurrency). We have to say this is very different than traditional Bitcoin trading. For the full story, read our guide.


Conclusion is a relatively new Malaysian “entry-level company”. This term means they accept fiat currencies and allow users to buy crypto. That being said, the way they have presented their service leaves a lot of questions unanswered. One would probably have to contact the support team before making a bank transfer to this exchange.


The potentially even bigger issue with this project is the fact they are a young and unfamiliar player around the block. As a comparison, the forex brokers which we briefly mentioned above can be a much more reliable trading partners. For that to be true, you must look for a well-regulated company.


>>Bitcoin Forex brokers, under regulation<<


Here is a summary of this exchange:


Pros Cons
Attractive trading fees Virtually no info on the company
2FA + 98% cold storage Running since 2017
Accepts bank transfers Banking and country terms unclear
No fees on bank transfers Charting isn’t ideal
BTC ETH and VVI supported Liquidity is questionable
  No leverage



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Full Scam

It is impossible to sell VVI, you can only buy it at an overpriced price. Orders are not executed.

Artem 06/07/2018
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