CryptoBanxaTrade has been flagged by Commodity Futures Trading Commission for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
CryptoBanxaTrade has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Automated trading options|Low minimum deposit
Cons: Account statements could be more detailed
My card was charged twice by CryptoBanxaTrade on the same day. I had to dispute it with my bank. CryptoBanxaTrade then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Full transparency|Easy to use platform|Helpful community forum
Cons: Limited cryptocurrency options|Inactivity fee applies after 12 months
Do not use CryptoBanxaTrade for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Helpful community forum|Economic calendar|Demo account available
Cons: Account statements could be more detailed|Cannot customize dashboard fully
After for about ten months with CryptoBanxaTrade, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Segregated accounts|Customizable dashboard|Market news feed
Cons: Currency conversion fee exists