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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Independent Reserve Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- Proprietary platform
Minimum
deposit:
deposit:
- $1
Trading platform:
- Proprietary platform
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
Summary of Independent Reserve Crypto Exchange
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. Independent Reserve ranks 72 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
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.
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.
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.
| 💰 Account currency: | Cryptos, currencies |
|---|---|
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, USD, AUD, NZD, SGD |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Independent Reserve:
- 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.
👎 Disadvantages of Independent Reserve:
- no mobile trading;
- there are no investment offers for private traders;
- technical support is available only through the website.
Evaluation of the most influential parameters of Independent Reserve
Geographic Distribution of Independent Reserve Traders
Popularity in
82.2%
AU
15.8%
Others
User Satisfaction i
17 comments
Total score:
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Expert Review of Independent Reserve
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.
Latest Independent Reserve News
25.08.2023
Cryptocurrency exchange Independent Reserve has partnered with payment system PayPal to allow its clients to fund crypto accounts directly with fiat funds
19.06.2023
The Australian cryptocurrency exchange Independent Reserve intends to expand its influence in Southeast Asia and is considering opening an office in Hong
Dynamics of Independent Reserve’s popularity among
Traders Union’s traders, according to 2023 data
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.
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.
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.
Trading Conditions for Independent Reserve Users
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.
$1
Minimum
deposit
1:1
Leverage
24/7
Support
| 💻 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 |
| 💱 Spread: | 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 |
Broker comparison table of trading instruments
| Independent Reserve | Bybit | MEXC | Binance | Zoomex | WhiteBIT | |
| Forex | No | No | No | Yes | No | No |
| 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 | No |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
Independent Reserve Commissions & Fees
Information
Commission charges on trading operations are fixed for the taker/maker, depending on the level — from 0.02% to 0.5%. You can reduce the fee by increasing the trading volume (conditions are specified in the corresponding section of the Knowledge Base). For example, at a zero trading level with a trading volume of less than $100,000 in the last 30 days, the fee is 0.5%. At the next level (up to $150,000), the fee is already 0.48%.
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.
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 | Spread (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 |
| Independent Reserve | $0.5 | Medium |
| Bybit | $20 | High |
| Bitfinex | $0.1 | Low |
Contacts
| Foundation date | 2013 |
| Registration address | level 26/44 Market St, Sydney NSW 2000, Australia |
| Official site | https://www.independentreserve.com/ |
| Contacts |
Email:
support@independentreserve.com,
|
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FAQs
Do reviews by traders influence the Independent Reserve rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Independent Reserve you need to go to the broker's profile.
How to leave a review about Independent Reserve on the Traders Union website?
To leave a review about Independent Reserve, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Independent Reserve on a non-Traders Union client?
Anyone can leave feedback about Independent Reserve 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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