Independent Reserve Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Loads of crypto-crypto and crypto-fiat pairs, a convenient and functional trading terminal, investment programs for business, a referral program is possible on individual terms
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Loads of crypto-crypto and crypto-fiat pairs, a convenient and functional trading terminal, investment programs for business, a referral program is possible on individual terms
Our Evaluation of Independent Reserve
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Independent Reserve is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.6 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Independent Reserve clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Independent Reserve cryptocurrency exchange offers favorable conditions for exchange and over-the-counter cryptocurrency trading. The company has its proprietary trading terminal with cutting-edge functionality (including auto-trading based on adaptive strategies and a tax reporting calculator). It is feasible to trade cryptocurrency-backed securities through super funds. Asset insurance is available for premium accounts. The exchange offers investment solutions for businesses and a standard affiliate program — the fees of which are among the lowest in the segment.
Brief Look at Independent Reserve
The Independent Reserve cryptocurrency exchange offers a vast array of opportunities for making money on cryptocurrency. The site provides margin and OTC trading of Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and tons of other cryptocurrencies. The exchange has its proprietary trading terminal with an integrated AutoTrader function, which allows you to automatically trade sticking to your selected strategy. The platform allows to buy, sell, and insure cryptocurrency through self-managed super funds (SMSF). Also, flexible investment programs are available for business representatives. The site offers a profitable referral program with discounts and rewards. There is a knowledge base for novice traders. Finally, trading fees are below the market average.
- free-of-charge multicurrency e-wallet, all major deposit and withdrawal options are at your disposal;
- dozens of popular cryptocurrencies and Australian, New Zealand, Singapore, and US fiats;
- a profitable affiliate program with payments for referrals;
- integrated AutoTrader solution for automated trading;
- trading cryptocurrencies through self-managed super funds;
- business investment solutions;
- premium accounts with insurance and tax advisors;
- top-notch account security;
- low fees from 0.02% to 0.5% for the maker and taker, respectively.
- no mobile trading;
- there are no investment offers for private traders;
- technical support is available only through the website.
TU Expert Advice
Financial expert and analyst at Traders Union
Independent Reserve was founded in 2013 and is headquartered in Sydney. Its official license number is: (ABN registration number 46 164 257 069). The exchange is a member of Blockchain Australia, an official partner of Iress and Bloomberg. In the entire history of the platform, not a single case of fraud, unresolved conflict, or failure to fulfill obligations to customers has been registered.
The site has a proprietary trading terminal that was developed completely from scratch and has several levels of software protection, including a progressive encryption system. Storage of user funds employs the cold storage method. The trading terminal has only a web version and runs in a browser.
A multi-currency wallet is integrated into the user's account, where, in addition to cryptocurrencies, you can store fiat funds. There are also loads of financial instruments, including an extension for generating tax reports.
In addition to the exchange, OTC trading is presented, and deposits in securities are backed by cryptocurrencies, with the possibility of insurance. There is an investment program (not available to individuals) and a standard referral program.
Some drawbacks are no call center, no demo accounts, and no extended training programs. The Independent Reserve exchange can be recommended for cooperation for beginners and up-to-snuff traders.
Independent Reserve Summary
| 💻 Trading platform: | Proprietary |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos, currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, USD, AUD, NZD, SGD |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | Loads of crypto-crypto and crypto-fiat pairs, a convenient and functional trading terminal, investment programs for business, a referral program is possible on individual terms |
| 🎁 Contests and bonuses: | Not indicated |
The Independent Reserve cryptocurrency exchange does not set minimum deposit limits. Registration on the site is free of charge. After that, the trader determines how much money and in what way to enter to make transactions. Bank accounts, cards, other cryptocurrencies, as well as electronic wallets are available for deposits and withdrawals. Leverage is not provided for margin trading on the exchange. You can contact the technical support service through the "Contact" option in the "Support" section. You can also get a response from technical specialists through the company's accounts on Reddit, Facebook, Twitter, and LinkedIn.
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Commissions and fees
Depositing funds in cryptocurrency is carried out without fees. The fee for depositing funds in fiat depends on the method of deposit and the total amount of funds deposited. For example, all deposits credited with PayID and Osko are subject to a one-time AUD 20.50 fee, but no fee is charged for deposits over AUD 1,000.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.5% per order | Yes |
The site charges a withdrawal fee. This fee depends on the asset and does not depend on the amount withdrawn. All conditions are indicated in the corresponding section of the Knowledge Base. For example, the Bitcoin withdrawal fee is 0.0003 BTC, the Ethereum withdrawal fee is 0.005 ETH, and the Litecoin withdrawal fee is LTC 0.001. Please note that there is no fee for Australian dollar withdrawals.
| Broker | Average commission | Level |
|---|---|---|
|
$0.5 | |
|
$20 | |
|
$0.1 |
Investment Options
Investment Programs, Available Markets and Products of the Broker
The investment program of the Independent Reserve crypto exchange is designed for institutional investors and is aimed at representatives of the business sector. The program is selected according to an individual application through the form on the website, which allows you to invest cryptocurrency and currency in blockchain projects. There is also the possibility of investing in over-the-counter cryptocurrency trading.
A distinctive feature of the Independent Reserve investment program is the ability to insure investments. The insurance of world underwriters is used. Also, real-time investors are provided with analytical materials on the current state of the market for adjusting investment portfolios.
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Independent Reserve’s affiliate program
The Independent Reserve affiliate (referral) program is available to all registered users who have confirmed their data (been verified).
These are the necessary actions, as well as conditions of the referral program:
After verification (including FastTrack verification), an affiliate link will be available in the personal account.
You can post an affiliate link on any site without restrictions.
Each user who follows your link, registers, verifies and makes a deposit will become your referral.
You will receive 50% of the fees from all trade transactions of your referral.
Referral payments are made within 90 days from the date of verification of the referral. After the expiration of this period, you will not receive them.
The program is single-level, and you do not have access to income from users invited by your referrals.
Payments for referrals are charged instantly after the referral makes a trade transaction.
Referral payments are transferred to your account in the currency in which the transaction was made. Detailed statistics for each referral are available in the corresponding section of the personal account. For traders who have their blogs and channels, it is possible to partner with the platform on individual terms. To do this, you must fill out an application form in the appropriate section of the site.
User Satisfaction