Bitforex is a cryptocurrency exchange platform based in the Philippines, with headquarters in Singapore and registration in the Seychelles. It was founded in June 2018.Its interface is simple to use and browse, with a nice layout and a variety of trading choices, including a variety of currencies and tokens offered in many pairs.Bitforex guarantees the greatest security to secure customers' assets, including holding 98 percent of users' funds in an offline strong authentication wallet, as well as verification and two-factor authentication techniques.Although the exchange charges both market makers and takers a low trading cost of 0.05 percent, it would indeed be preferable if market makers were compensated for channeling funds to the market.There really are no charges when depositing cryptocurrencies, however there are charges when using a credit card or bank transfer.