20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Folgory Review 2024
Minimum
deposit:
deposit:
- $10
Trading platform:
- Web platform
- Mobile application
Minimum
deposit:
deposit:
- $10
Trading platform:
- Web platform
- Mobile application
Trading features:
- Fixed trading fee, high interest rate for staking Bitcoin
Summary of Folgory Crypto Exchange
Folgory is a high-risk cryptocurrency exchange with the TU Overall Score of 1.83 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Folgory clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Folgory ranks 165 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
Folgory is a centralized cryptocurrency exchange with low transaction fees, staking programs and a wide selection of crypto assets. Its clients have access to various deposit methods and also deposits and withdrawals in fiat money.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
Folgory is an exchange managed by Folgory Corp. registered in 2019 in the Seychelles. The daily trading volume of the exchange exceeds USD 29 million. Folgory is a centralized exchange that offers over 150 cryptocurrencies, including its native Folgory Coin (FLG). The exchange regularly adds new coins to its listing. The most recent ones include STRM, BSW, INFI, PONO, ECOREAL and TOL. Also transactions with fiat currencies, including EUR, USD, GBP and others, are available at Folgory. Investment programs allow clients of the exchange to earn passive income on holding Bitcoin and less traded cryptocurrencies.
| 💰 Account currency: | USD, EUR, GBP, cryptocurrencies |
|---|---|
| 🚀 Minimum deposit: | No minimum deposit for cryptocurrencies, 10 USD, 1000 EUR, 1000 GBP |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | 0.2% for Taker and Maker |
| 🔧 Instruments: | Crypto/crypto, crypto/fiat pairs |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Folgory:
- Low taker and maker fees;
- Support of the most popular fiat currencies;
- Various deposit options, including crypto wallets, debit/credit card and bank transfers;
- Simple registration procedure, access to Personal Account without verification;
- No requirements for the cryptocurrency deposit;
- User-friendly mobile apps and a web platform with advanced functionality;
- Access to staking.
👎 Disadvantages of Folgory:
- The exchange do not provide leverage;
- No affiliate program;
- Withdrawal fee.
Evaluation of the most influential parameters of Folgory
Geographic Distribution of Folgory Traders
Popularity in
11.14%
BR
10.81%
CA
7.62%
UA
6.14%
NL
5.83%
MD
2.3%
TH
2.1%
CO
1.8%
ES
1.8%
AR
1.7%
VN
37.76%
Others
User Satisfaction i
3 comments
Total score:
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1 year ago
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1 year ago
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Expert Review of Folgory
You can earn money on Folgory not only by trading cryptocurrencies, but also staking, including up to 72% on staking Bitcoin. Mining and passive income from viewing advertisements are also available here. The exchange offers prepaid cards of two types: Folgory Co-Brand and Folgory Coin Brand. Both cards support the Mastercard payment system and its owners can perform transactions with US dollars, euros, pound sterling and 30 fiat currencies.
Folgory offers proprietary platforms: user-friendly mobile apps for fast trading and a web platform with advanced technical analysis options. If you deposit funds in cryptocurrencies, you can start with any amount, as the exchange does not have a minimum requirement. As for withdrawal limits, traders can withdraw no less than 10 USD, 100 GBP, 1000 EUR, 0.001 BTC.
A bank transfer takes 1-3 working days, while the money from a card is credited within several hours. Before depositing funds, you need to pass KYC, and also verify your IBAN or credit card. The choice of cryptocurrencies and features may vary depending on your country of residence. You can contact customer support in your mobile app using the ticket system, and your email if you use the web platform.
Dynamics of Folgory’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
All Folgory clients can earn passive income. Retail traders can earn on staking (holding) cryptocurrencies. For this, you need to deposit coins in the wallet of your personal account on Folgory and select a suitable locked period. You can also earn Satoshi (the smallest unit of Bitcoin cryptocurrency) for viewing commercials. White Label partnership program is available to owners of business accounts.
Staking and Investment plan — passive income programs
Just like many other exchanges, Folgory Exchange accrues interest for holding certain cryptocurrencies in your wallet. The staking ‘profit plan’ depends on the coin and the locked period. The longer you stake coins, the higher the profit. There are minimum locked amounts for each cryptocurrency: 500 USDT, 200 USDF, 1 DASH, 1000 FLG. The interest rate ranges from 0.5% to 18% and the locked periods are 30, 60 and 90 days.
Available staking offers:
USDT — 5% for locking funds for 90 days;
USDF — 1.2% for 30 days, 2.5% for 60 days, 3.75% for 90 days;
DASH — 0.5% for 30 days, 1% for 60 days.
The exchange also offers an investment plan for BTC. A trader locks an amount from 0.02 BTC in his wallet and earns a profit. For holding Bitcoin for 1 month, the profit is 4%, 3 months – 15%, 12 months – 72%. Traders can suspend the investment plan at any time and return invested funds within 24 hours after the corresponding request. In this case, however, all the profit is lost.
Important!
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.
Folgory Affiliate Program
White Label. Any company can enter into a partnership agreement with Folgory to create its own cryptocurrency exchange.
The White Label offer with Folgory liquidity and technologies is available in 2 versions. A partner can upload the template to a cloud or to its servers.
Trading Conditions for Folgory Users
Folgory offers its client a possibility to deposit fiat money, but has tough requirements for the size of the deposit in euro and pound sterling. The exchange charges the same taker and maker fee.
$10
Minimum
deposit
1:1
Leverage
24/7
Support
| 💻 Trading platform: | Web platform based on TradingView and mobile apps for iOS and Android |
|---|---|
| 📊 Accounts: | Standard, Business |
| 💰 Account currency: | USD, EUR, GBP, cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard debit/credit cards, Folgory debit card, cryptocurrency transactions, bank transfers |
| 🚀 Minimum deposit: | No minimum deposit for cryptocurrencies, 10 USD, 1000 EUR, 1000 GBP |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.001 BTC, 0.01BCH/ETH, 0.1 LTC, 1 XRP, 10 USD/EUR/GBP |
| 💱 Spread: | 0.2% for Taker and Maker |
| 🔧 Instruments: | Crypto/crypto, crypto/fiat pairs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market, Limit |
| ⭐ Trading features: | Fixed trading fee, high interest rate for staking Bitcoin |
| 🎁 Contests and bonuses: | Free Satoshi for clicking on advertisements |
Broker comparison table of trading instruments
| Folgory | Bybit | MEXC | Binance | OKX | Kraken | |
| Forex | No | No | No | Yes | No | Yes |
| Metalls | No | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | No |
| Indexes | No | No | No | No | No | Yes |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
Folgory Commissions & Fees
Information
Folgory charges the same fee for all order types – 0.2% of the trade amount. Both makers and takers cannot reduce it in any way. No fees are charged on deposits in cryptocurrencies, US dollar and British pounds, but the deposit fee for euros is EUR 1. Folgory Exchange charges withdrawal fee for withdrawals in fiat: 50 EUR, 10 GBP or 0.5% of the transaction amount in US dollars. The withdrawal fee for cryptocurrencies are: 0.0005 BTC, 0.03 ETH, 0.1 LTC, 0.01 BCH, etc. Ordering a Folgory debit card costs USD 20.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 2$ for USD 1,000 transaction | Applied for fiat money and cryptocurrencies |
After calculating the average fee of Folgory, TU analysts compared it with similar indicators of other international exchanges offering cryptocurrency trading.
| Broker | Average commission | Level |
| Folgory | $2 | Medium |
| Binance | $6 | High |
| Bitfinex | $0.1 | Low |
Contacts
| Foundation date | 2021 |
| Registration address | Victoria, Beau Vallon, Seychelles |
| Official site | https://folgory.com/ |
| Contacts |
Email:
hello@folgory.com,
|
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FAQs
Do reviews by traders influence the Folgory rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Folgory you need to go to the broker's profile.
How to leave a review about Folgory on the Traders Union website?
To leave a review about Folgory, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Folgory on a non-Traders Union client?
Anyone can leave feedback about Folgory on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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