EXMO 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
- ₿0.002
- TradingView
- 8 currencies are presented, the pool of cryptocurrencies and tokenized assets is constantly replenished, there is a built-in cashback service
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
- ₿0.002
- TradingView
- 8 currencies are presented, the pool of cryptocurrencies and tokenized assets is constantly replenished, there is a built-in cashback service
Our Evaluation of EXMO
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
EXMO is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.92 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by EXMO 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 EXMO crypto exchange has been operating since 2013 from its offices in London. The company is licensed, and its activities are transparent. Trading conditions are comfortable for traders of all levels. Popular cryptocurrencies and eight fiat currencies are presented. There are all the main options for depositing funds to a free multicurrency wallet provided, as well as for withdrawing from it.
Brief Look at EXMO
The EXMO crypto exchange is a platform for exchanging and trading cryptocurrencies. There’s Bitcoin (₿), Ethereum (Ξ), Cardano, Algorand, Bitcoin Cash, and dozens of other cryptocurrencies, as well as tokenized assets. There is a purchase and sale for fiat funds, such as USD, EUR, GBP, PLN, TRY, and KZT. The platform offers three types of transactions: P2P exchange, advanced exchange trading with full functionality, and margin trading. The company has its own trading terminal, represented by a web version and a mobile application. The typical interface is intuitive and has a wide range of customization options. All standard payment systems are available, including Visa cards, QIWI e-wallet, PAYEER, SEPA. Users are provided with a multi-currency wallet.
- low trading commissions (from 0.05/0.05 for a maker/taker);
- hot and cold storage methods for cryptocurrencies;
- extended verification of AML/KYC users;
- a large number of channels for depositing and withdrawing funds;
- simplicity and intuitiveness of the trading terminal interface;
- high-level of security for funds and data on the platform;
- cashback program allows you to save up to 100% in commission fees;
- referral program with payments up to 40% of partner commissions.
- no training programs;
- no investment programs;
- no call center.
TU Expert Advice
Financial expert and analyst at Traders Union
The EXMO crypto exchange has been operating for many years under the auspices of international regulators, and its license is valid. The exchange is characterized by progressive activity and a progressive increase in the number of active traders. The platform is focused on trading, and it offers favorable conditions and low commissions.
The exchange features eight fiat assets and a significant number of crypto-to-fiat pairs. You can deposit and withdraw funds in the most common ways, including bank cards and wallets. There are no technical problems or delays with transactions. The tests have confirmed the high stability of the servers.
To access the trading, you need to deposit $1, the amount is to pay for the basic account. There are several levels of accounts required to increase limits and reduce fees. There is a built-in cashback function, which can be effectively supplemented with a rebate system from the Traders Union. There are commissions for withdrawing funds.
Considering the large volume of trading and the functionality of the trading terminal, taking into account modern trends in the field of information security, the EXMO crypto exchange can be recommended for cooperation with crypto traders.
EXMO Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Customized TradingView platform |
|---|---|
| 📊 Accounts: | Standard, VIP |
| 💰 Account currency: | Cryptocurrencies, fiat currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | ₿0.002 |
| ⚖️ Leverage: | 1:3 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, fiat currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | 8 currencies are presented, the pool of cryptocurrencies and tokenized assets is constantly replenished, there is a built-in cashback service |
| 🎁 Contests and bonuses: | Yes |
Please take into account that the minimum deposit and the deposit to pay for an account are not the same. You can trade by paying only for the basic account, but with significant limits, without cashback, and with limited functionality. The Basic account costs $1, and advanced account types cost $50, $100, and $500. Raising the account level is advisable with an increase in activity and an increase in the user's trading volume. Leverage is available only for the margin trading service. Technical support on the platform is considered to be one of the best, but communication is only via email.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.3% per order | Yes |
The commission for the deposit is only for OMG, it is OMG 0.1. For other assets, including fiat, there is only a withdrawal fee. It depends on the asset. It does not depend on the volume and the withdrawal channel. For example, the BTC withdrawal fee is ₿0.0005. For comparison purposes, there is a small table below. The trading fees for several crypto exchanges are presented:
| Broker | Average commission | Level |
|---|---|---|
|
$0.3 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The EXMO crypto exchange does not provide investment opportunities. The platform is focused on the trade of cryptocurrency and fiat assets. Users can only earn from buying/selling their assets in the crypto-to-crypto and crypto-to-fiat categories. Additional earnings are possible from affiliates in the affiliate (referral) program.
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.
EXMO’s affiliate program:
The EXMO exchange offers a standard single-tier affiliate program that allows socially active traders to earn from users they bring to the platform. To receive these bonuses, you must:
Register on the crypto exchange website and go through the KYC verification procedure. After that, a personal affiliate link will appear in the personal account in the "Referral Program" section.
You can post the affiliate link anywhere. Each user who registers on the crypto exchange using your link and starts trading will bring you a percentage of the commissions on his trading operations.
For all trading operations without the participation of the EXM token, bonus payments are 25%. In case EXM is also used during the trades, referral payments are increased up to 40%.
The referral program is unlimited and you receive payments for as long as your referrals trade on the platform. The number of referrals is not limited. Bonus payments are made automatically on the next day after the referral makes a trading transaction.
User Satisfaction