Independent Reserve was founded in 2013 as one of Australia’s pioneering cryptocurrency exchanges. Initially providing services to Australian and New Zealand users, the exchange has expanded its reach, earning favor among crypto traders worldwide.
The platform is known for its low fees, a wide range of cryptocurrencies including Bitcoin, Ethereum, and Ripple, and the possibility of trading with various fiat currencies such as the Australian and American dollars.
Our IndependentReserve Review is an in-depth and unbiased analysis of this exchange with an emphasis on its legitimacy and reliability.
The firm did not seem to have any trouble with the law or legal issues during its decade of operation. The financial market authorities under which the exchange does business are known for enforcing heavy regulations while also carefully analyzing each complaint they receive from users.
But there are plenty of positive reviews as well so it’s difficult to draw a clear conclusion based on the feedback. Please read what the traders wrote on the forums to learn which potential issues may arise on the platform. Any issues with the IndependentReserve login should be reported.
To reiterate, the exchange is authorized to operate in Australia, New Zealand, and Singapore. As for the UK and the US, these jurisdictions have slightly different but equally heavy if not heavier regulations in force when it comes to digital assets.
Their respective regulators require financial market participants to obtain the necessary permits to operate. IndependentReserve has no such license so be careful if you’re an American or British trader.
IndependentReserve offers a proprietary platform that supports 30 popular cryptocurrencies such as Bitcoin, Ethereum, Cardano, Ripple, Litecoin, etc. There is also a mobile trading app available.
Although it has all the basic tools, the platform lacks some advanced features that more experienced traders may desire, such as margin (leveraged) trading or advanced charting tools.
If you want a more extensive trading experience, you should stick to providers that support recognized third-party software such as MetaTrader 4, MetaTrader 5, or cTrader.
MT platforms are arguably the best in the industry, enabling traders to utilize innovative tools such as automated & algorithmic trading, advanced charting, live market reports, branch optimization, 20+ timeframes, EAs, a user-friendly interface, etc.
The IndependentReserve fee structure is based on a tiered system for trading volume, with fixed rates for both taker and maker commissions ranging from 0.02% to 0.5%. The higher the volume, the lower the fees.
For instance, at the initial level with a trading volume below 100,000 USD in the last 30 days, the fee is set at 0.5%. As the trading volume increases, fees go down. For volumes up to 150,000 USD, the fee is 0.48%. The whole concept has been designed to reward traders who achieve higher volumes.
The IndependentReserve referral code allows users to earn rewards by referring friends. Participants are promised a 50% commission on fees from trade transactions made by their referrals. Users gain access to an affiliate link after completing verification, and payments are processed within 90 days.
Traders with blogs or channels are enticed to explore individual partnerships by applying to the platform’s website. The whole concept is meant to expand the exchange’s reach and attract new users.
However, it’s crucial to note that the described structure is reminiscent of a Ponzi scheme due to its reward system based on recruiting new members for earnings. Please be careful and think it through before inviting your friends to join the platform.
IndependentReserve imposes fees for deposits and withdrawals based on the chosen payment methods:
To sum up, IndependentReserve is an Australian crypto exchange also active in New Zealand and Singapore. The platform has been active for over a decade.
Book a free consultation with Global Fraud Protection and tell us more about your case. We will analyze it together and come up with a solution for recovering your hard-earned funds!
Book your free consultation here and get your money back!
Yes, IndependentReserve is regulated in Australia and also has a license to operate in Singapore.
Yes, IndependentReserve is a legitimate crypto exchange but issues still may occur so be careful.
Simply request a withdrawal from the exchange. If you are denied, book a consultation with us and we’ll analyze your case.
The post IndependentReserve Review: An Introduction to the Platform appeared first on Global Fraud Protection.