Catex 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
- $5
- TradingView
- All major cryptocurrencies, no fiat, low fees, bonuses, and financial benefits from keeping the CATT token, many staking programs, standard referral program
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
- $5
- TradingView
- All major cryptocurrencies, no fiat, low fees, bonuses, and financial benefits from keeping the CATT token, many staking programs, standard referral program
Our Evaluation of Catex
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
Catex is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.28 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Catex 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 Catex Crypto exchange offers advantageous and comfortable trading in the crypto-to-crypto markets with commissions below the segment average. There are several ways to further reduce fees, including keeping the CATT token on your account, which provides other additional bonuses, including daily interest payments. The exchange does not have a mobile application, only a standard terminal in the browser. The referral program is a standard, one-level system. Investment decisions are represented by staking programs. The exchange is characterized by a high level of security, a large trading volume, and stable operation at peak loads.
Brief Look at Catex
The Catex exchange is a platform for active trading in crypto-to-crypto pairs. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), TRX, EOS, and other cryptocurrencies and tokens are traded on the exchange. Trading commissions are initially fixed and for most assets, the fee is 0.1%. The commission can be reduced by keeping the CATT token (the platform proprietary coin) on your account. Also, the storage of CATT allows you to reduce the commission for withdrawing funds.
The platform is characterized by high stability and performance, and the trading terminal is standard. There is a referral program with payments of 50% of the commissions of invited users. The investment is implemented in a staking format. The pool of crypto assets is constantly replenished through an open listing. Market API is available. There are no specialized solutions for novice traders, such as like demo accounts.
- many assets for trading, and the number of coins is constantly growing;
- low trading fees that do not differ for taker and maker;
- keeping the CATT coin in the account reduces commission fees;
- holders of the CATT coin receive daily dividends;
- staking (contributions to blockchain projects) with a high level of profitability;
- significant payments for invited users (referrals);
- NoSQL (Not Only SQL) technology provides high performance;
- part of user funds are kept cold;
- 2FA authentication, cloud services, and other security measures.
- no pairing with fiat funds;
- communication with support only through tickets on the site.
TU Expert Advice
Financial expert and analyst at Traders Union
The Catex cryptocurrency exchange was launched in 2018. To date, the platform has been repeatedly checked by Traders Union’s experts and they didn’t find any facts of fraud or default on their clients’ obligations.
The platform works without hiccups, it uses modern solutions to ensure high performance including data caching, async, inverse index, and NoSQL technology. The architecture, distributed based on SNA and microservices, supports scale-out.
The exchange uses a standard TradingView browser terminal, and there is no mobile application. The TradingView functionality is typical, without modifications and integrations. Pairs for trading are only available for crypto-crypto assets. There are a lot of coins, and their number is constantly growing. Catex has the most popular deposit/withdrawal options. There is also an API.
The referral program is also standard. Investing is available in the form of staking, with constantly updated offers from partners of the platform. Interest payments are high, 2-46%, and some programs offer super profitability up to 240% per annum. Thus, the exchange is suitable not only for active traders of all levels but also for investors.
A key feature of the Catex exchange is its proprietary CATT token. It trades freely with other cryptocurrencies, it is beneficial for users to always keep a certain amount of the coin on the account. This gives you a discount on trading fees and significantly reduces withdrawal fees. Plus, you get daily dividends.
By the sum of the factors, the exchange is a market leader. It is also suitable for beginners, as it has favorable starting conditions. However, there are no demo accounts or training materials on the platform.
Catex Summary
| 💻 Trading platform: | TradingView (in a browser) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Electronic and cryptocurrency wallets (Электронные и криптовалютные кошельки) |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | All major cryptocurrencies, no fiat, low fees, bonuses, and financial benefits from keeping the CATT token, many staking programs, standard referral program |
| 🎁 Contests and bonuses: | Yes |
To start trading with the crypto exchange, you need to register, then verify your data. In the future, the sign-in will be carried out with verification via Google’s Authenticator. To get full access to the capabilities of the exchange, the client needs to deposit at least $5. The deposit is made in the equivalent of any assets available on the exchange for trading (the list of assets can be checked on the main page or in the corresponding section of the site). After that, the user of the exchange has the opportunity to trade without restrictions, relying only on his own funds. The exchange does not provide leverage. You can check with technical support for any points on the platform’s operation. The question is sent in the form of a ticket through the site, the answer will come by email. There are no alternative communication methods.
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Commissions & Fees
If the client does not have the platform’s coin, then the standard commission of 0.1% applies. The commission is fixed and is the same for the taker and the maker. If a client starts trading CATT, then as soon as the volume of a coin in his account reaches 200 CATT, he can depend on two discounts:
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a discount on trading commissions, up to 30% (subject to the necessary conditions);
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a discount on the commission for withdrawing funds, up to 100% (also, subject to the necessary conditions).
The amount of the fee reduction is calculated individually, depending on the exact amount of CATT on the account. The data is displayed in the user’s personal account. CATT provides other bonuses as well.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Up to 0.1% per order | Yes |
The exchange does not charge commissions for depositing assets, regardless of the input channel; however, the service that the client uses may charge its own commissions. There is a withdrawal fee only. This fee depends on the asset and does not depend on the amount of funds withdrawn. There are some restrictions on the minimum withdrawal amount. For example, the minimum withdrawal is ₿0.001, and the withdrawal fee will be ₿0.0005.
For Tether, these indicators are different: you must withdraw at least ₮8, the commission is ₮5. Accordingly, it is always more logical to withdraw significant amounts, since the commission does not grow.
In general, the terms of commission fees working with Catex is more favorable than with competing platforms. Below, for comparison, we provide averaged data for several exchanges.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
Catex clients can lend funds to blockchain projects for subsequent profit in the form of interest payments. This process is called staking, and the exchange acts as an intermediary between investors and verified third-party companies.
The list of programs available for investment is presented in the corresponding section on the exchange’s website. Programs are constantly updated and supplemented. They cease to operate when the required amount of funds has been collected on them. Programs differ in assets, deposit terms, interest rates, and the minimum deposit.
The term of the program can be 3-450 days, the interest rate is in the range of 2-240%. There are no restrictions on participation in the program. Each client of the exchange who has enough target assets on his account can deposit it before the program ends and receive, as a result, interest payments equivalent to the deposit.
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.
Catex’s affiliate program:
The exchange has a standard referral program. Each verified client is assigned a personal referral link, which is located in his personal account. The client of the exchange can place this link on any third-party resources to attract new users.
Each new user who followed the client’s link, registered with the exchange, and started trading, will bring the client a profit in the amount of a certain percentage of his trading commissions. At the moment it is 50%. That is, half of the commission for each trade of the user is credited to the account of the exchange’s client that invited him.
The referral program is not limited in time, so the referral retains its status and brings profit to the client who invited him all the time he trades with the exchange. There are no restrictions on the number of referrals.
User Satisfaction