FAQs

Finxflo - General

FXF is a global crypto brokerage designed to help traders access the best prices with an unparalleled level of efficiency. By aggregating offers from the world’s leading exchanges, FXF helps to eliminate market distortions and achieve the optimum buy or sell price for all orders. Users can take full advantage of the access to multiple exchanges with just one account, one wallet and one KYC process.

FXF is supported by a highly qualified board of senior advisors:

  • Mark Hammond – Head of Flow Products and API for Liquid Quoine Exchange
  • Stefano Virgilli – CEO of Pocket Money Group
  • Dr. Anthony O’Sullivan – Strategic Market Analyst at Palomar Technologies
  • Michael Terpin – CEO of Transform Group
  • Chris Williamson – Managing Director of Tower Brands
  • Joel Kovshoff – Chief Marketing Officer of AnRKey X

FXF is headquartered in Singapore but our platform will be made available to traders across the world.

FXF has several features that set it apart, such as:

  • Its proprietary smart order routing algorithm which distributes users’ orders across multiple exchanges simultaneously in order to achieve the optimum buy or sell price, whilst reducing the slippage from large orders.
  • Dark pool trading which helps to minimise impact from broader market sentiment; this feature allows traders with bigger positions to move in/out of trades without revealing their interests thus avoiding front running whilst at the same time ensuring that they are able to achieve the average of the optimum available bid and ask prices.
  • Through partnering with Fireblocks and adopting its cutting-edge custody solution, clients’ funds are never placed directly on the underlying exchanges – only the margin is placed, significantly reducing hacking risks.
  • Zero withdrawal fees and highly competitive trading fees of 0.1% making FXF one of the most, if not the most, cost-effective trading platform on the market.

FXF Token Sale

Our native token (the “FXF token”) is a utility token to be used to pay fees on the platform, for staking and accessing DeFi and CeFi protocols.

FXF tokensale will open officially to the public on 15th November 2020, and remain open for a maximum of six months. However, we anticipate our initial token offering to be sold out well before then.

You will need to register on the following website: 

ico.finxflo.com.

After successfully completing our registration and KYC/AML process, and agreeing to our terms and conditions, you will be entitled to participate in the token sale.

You can make payment using BTC, ETH, XRP, USDT or USDC.

For large orders, FXF will consider accepting payment in fiat currency on a case by case basis. If you would like to be considered for fiat payment please e-mail [email protected] with the size of your proposed purchase.

The minimum contribution is $500.00 (in BTC, ETH, XRP, USDT or USDC).

Subject to availability, there is no limit on the number of tokens that can be purchased.

FXF will deliver your FXF Tokens across five equal instalments as follows: 90 days, 120 days, 150 days, 180 days and 210 days after completion of the ICO or 31 January 2021, whichever is earlier.

Individuals over 18 years old, or entities, which are not prohibited from purchasing the tokens by any law or regulation applicable to them and which satisfy our terms and conditions of sale and all of our compliance checks.

We recommend that you carefully read our terms and conditions to ensure you comply and if you are not sure whether you comply, or whether you are legally permitted to purchase the tokens, by virtue of your nationality, citizenship, residence or otherwise, we recommend you obtain legal advice prior to purchasing.

*US Citizens/Residents/Entities must also be Accredited Investors in order to participate.

Finxflo Platform and Fees

FXF is a crypto exchange aggregator designed to help traders access the best prices. We reduce the complexity of crypto trading by facilitating access to multiple crypto exchanges with 1 registration, 1 KYC process and 1 wallet, coupled with an easy-to-use interface. Our proprietary smart order routing algorithm distributes the user’s orders across multiple exchanges simultaneously to achieve the optimum buy or sell price, while reducing the slippage from large orders.

New users can sign up on our website (http://finxflo.com). Once the KYC process is completed, the user can proceed to deposit funds into his/her wallet and start trading.

Beta-testing is scheduled to conclude in December 2020, and we plan for the platform to go fully live in January 2021. You can access the demo on our main website.

We plan to offer our users access to over 25 of the world’s leading exchanges at launch. Following launch we will continue to add more and more exchanges and other liquidity providers.

At launch we will be offering the following cryptocurrencies: ETH, BTC, XRP, USDC, USDT. Following the launch we plan to rapidly expand our offering to various tokens across the cryptocurrency spectrum.

We support all major order types for spot crypto trading. At launch, we will be offering Market, Limit, Stop and Stop Limit orders.

FXF partners with Fireblocks, a cutting-edge custody-solution provider used by the world’s largest institutional players. With its patent-pending SGX and MPC technologies, Fireblocks offers a higher level of security than any traditional storage solution, mitigating the risks of hacks and intrusions. Also, with signing authority for every transaction dispersed across multiple signatories, no single individual has authority to execute a transaction on his/her own, effectively mitigating the risk of unauthorized transactions. For users’ added comfort Fireblocks also provides an optional insurance safety net to protect users in case the highly improbable should ever happen.

We currently do not provide this option. Each user who signs up to our platform is granted access to one wallet on our platform that can be used to trade over multiple exchanges.

No. However, we will offer crypto-to-fiat and fiat-to-crypto conversion through a partner’s i frame, as incorporated into the platform. The i frame supports 7 currencies and over 90 coins and altcoins, and this offering will be continually expanded.

Users can do so either via our web portal or the FXF app (available both on IOS and Android). They can purchase crypto using their debit or credit card if they do not own any coins or tokens.

24 hours a day x 365 days a year, except during any maintenance periods

24 hours a day x 365 days a year.

FXF charges a trading fee of 0.1% on each trade made on our platform. We do not charge any withdrawal fees, even for same-day withdrawals.

No, there isn’t a minimum deposit.

There is a 24-hour volume limit of US$200,000 per user to ensure that any fraudulent activity can be easily picked up. We intend increase the limit over time and this will be reviewed by our compliance team thoroughly.

Slippage occurs on every platform, however in our technology stack, we will be setting up as close as we can to our major liquidity partners, with an ultra-low latency cross connect setup. This means if one server fails or goes down, we have an automatic fall over so there will be no interruption in service.

FXF has a responsible trading policy in place to encourage responsible trading among all users on our platform. We ensure that the relevant webpages contain risk disclaimers, in recognition of the fact that all trading involves risk. We do not offer margin trading, so there is no option to trade cryptos with leverage. We encourage all users to consider their trades carefully and invest only in what they know. We will also be making demo trading available throughout, which will allow new users to practice trading on our system without risking real capital.