Crypto Frontline

Company’s Highlights

Gloffix is an online trading brand founded in 2009 and specializing in providing access to multiple asset classes. After pioneering Bitcoin trading in 2013 via CFDs, Gloffix expanded its cryptocurrency offering in 2017, enabling customers to trade on ETH, LTC, and other popular cryptocurrencies. 

At the time of writing, the broker continues to expand its asset coverage and now all its customers get to trade a wider range of high-profile altcoins. In 2020, Gloffix created a brand-new version of its interface, adding MT4 to the platforms pack and plenty of various other tools required when trading volatile financial markets. 

The Gloffix cryptocurrency offering, combined with other benefits currently available, stands out in a very competitive trading ecosystem. Our Gloffix review aims to explore some of the highlights, granting access to relevant information about the broker and its capabilities. 

Cryptocurrency Instruments

One of the main advantages of the Gloffix cryptocurrency trading offer can be seen in the diversified list of currently supported assets. Bitcoin Cash, Bitcoin, Binance Coin, EOS, Ethereum, Litecoin, Stellar, Monero, and Ripple are available with up to 1:10 leverage, tight spreads, and a 24/5 trading schedule. 

Traders can trade on margin without committing all the capital in their account, and use risk management with limit and stop levels, as well as benefit from high financial security, all thanks to negative balance protection. 

Because Gloffix is a multi-asset provider, customers working with the brand have the advantage of trading crypto alongside other leading instruments, including FX, stocks, indices, or commodities. As we’re about to see in the following sections, the Gloffix trading offer is well-diversified, not just in terms of assets. 

Trading Platforms

Gloffix takes pride in using the Sirix Trading Platform, a web-based solution promising both performance and a user-friendly interface. Available on web, desktop & mobile, this is a platform ideal for getting involved in the cryptocurrency market and keeping track of existing trades, regardless of location. 

There are over 1.5 million trades placed via Sirix each month and the Social Trading feature is increasingly popular, generating high volumes, month after month. Even though it is a proprietary solution, Sirix integrates advanced charting, one-click execution, many different price indicators and drawing tools, and risk management. 

Since 2020, Gloffix customers can also use the popular MetaTrader 4 solution, a platform developed by MetaQuotes more than 15 years ago that has been constantly upgraded to become one of the most reliable options for CFD traders. 

MT4 is a flagship platform and its reputation is undisputed. With millions of users worldwide, it can handle different market conditions, ensuring accurate trade execution and smooth functioning. As with Sirix, traders can use this platform on any device, by installing it using the download link on the broker’s website, or by getting the app from Google Play or App Store. 

Gloffix Accounts

If you want to start trading crypto CFDs with Gloffix, all it takes is a small deposit worth 250 USD/EUR. With respect to this, the broker has a very inclusive approach and wants a broader audience to gain access to its services. A Classic account provides daily market updates & reviews, up to 1:100 leverage, a 20% stop out level, eBooks, and the option to trade on an Islamic account. 

The offer does not stop here, though, since there are also Silver, Gold, VIP, and Black accounts available. Gloffix uses different incentives for customers willing to deposit more funds, and provides them with enhanced trading benefits. 

Regardless of the account type chosen, all traders get access to an online education center and professional customer support 24/5. 

Special Features

The Social Trading feature is one of the main benefits when trading with Gloffix since it enables customers to copy or watch live trades placed by expert traders. On top of that, the broker currently runs multiple promotions, including welcome bonuses, ‘refer-a-friend’ bonuses, risk-free trades, account manager bonuses, and rescue bonuses. Terms and conditions are attached to all of the above and can be reviewed on gloffix.com. 

Pros 

• Coverage for some of the largest cryptocurrencies in the world
• Tight spreads and up to 1:10 leverage on crypto CFDs
• The ability to trade crypto using MetaTrader 4 

Cons

• The Gloffix crypto trading schedule is 24/5
• Crypto instruments are denominated in USD or EUR only

Summary

Trading cryptocurrency CFDs with Gloffix comes with multiple advantages, especially since this is an online trading brand that has been operating since 2009. Thanks to its expertise, the broker has managed to accumulate insight and to ultimately develop a diversified and optimized trading offer. 

By expanding its crypto offering, Gloffix has made a really big leap forward toward these innovative trading instruments, that are now in high demand. Based on our analysis, it is a trading brand worth considering by any retail CFD trader living outside any of the restricted jurisdictions (USA, Canada, Japan, etc.).