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
- USDT 1
- Mobile Apps
- TradingView
- Only Limit orders
Our Evaluation of IndoEx
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
IndoEx is a high-risk cryptocurrency exchange with the TU Overall Score of 1.97 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by IndoEx 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.
IndoEx offers spot trading to experienced traders and those new to the cryptocurrency market. The exchange prioritizes security and user-friendliness, enabling active trading in a wide range of cryptocurrencies, from popular coins to lesser-known ones.
Brief Look at IndoEx
IndoEx is a decentralized cryptocurrency exchange established in January 2019. Operating under stringent international security standards, it maintains registered offices in Estonia and the United Kingdom. The platform provides access to spot trading for cryptocurrency pairs, making it a compelling choice for traders worldwide. IndoEx caters to both seasoned traders and newcomers by offering intuitive trading interfaces and a diverse array of assets. Verified clients also enjoy the advantage of high withdrawal limits.
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- Security is ensured by dual jurisdiction registration.
- A user-friendly trading interface with TradingView charts.
- A unified trading fee rate for both Takers and Makers.
- The ability to start trading with any amount.
- Limited withdrawal limits for basic accounts.
- Lack of tools for margin trading.
TU Expert Advice
Financial expert and analyst at Traders Union
IndoEx is a cryptocurrency exchange that prioritizes trading security and speed. Launched in 2019, it has consistently expanded its cryptocurrency listings. The exchange implements strict withdrawal limits for new accounts, demonstrating a commitment to safeguarding user funds.
Key strengths include its user-friendly interface and ease of navigation, making it suitable for both novice and experienced traders. IndoEx offers a diverse range of cryptocurrencies and provides opportunities for passive income through features like airdrop campaigns and a referral program. However, the platform's current limitations include the absence of margin trading and automated trading tools, which may limit its appeal to some clients.
IndoEx employs a tiered withdrawal system based on account type and verification level. New accounts have initial daily withdrawal limits, which gradually increase over the first few days. Basic accounts have a daily limit of $200, while extended accounts with two-factor authentication and verification enabled can withdraw up to $200,000 per day.
IndoEx 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: | Web trading platform based on TradingView, and mobile apps for Android and iOS |
|---|---|
| 📊 Accounts: | Basic Accounts, Enhanced Accounts |
| 💰 Account currency: | USDT, BTC, ETH and other cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cryptocurrencies |
| 🚀 Minimum deposit: | 0 USDT (BSC), 1 USDT (TRC), 10 USDT (ERC) |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.001 |
| 💱 Commission: | Spot: 0,15%-0,15% |
| 🔧 Instruments: | 70 supported coins. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Limit |
| ⭐ Trading features: | Only Limit orders |
| 🎁 Contests and bonuses: | Yes |
IndoEx only supports spot trading, allowing clients to trade cryptocurrency pairs exclusively with their funds. The platform currently offers trading pairs with 152 cryptocurrencies. Advanced features such as margin trading or futures contracts are not available.
IndoEx Key Parameters Evaluation
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Regulation and safety
IndoEx received a score of 3.25/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- No successful hacks history
- Cold wallet storage
- Not government-regulated
- No 2FA option
- No investor protection fund
- Not tier-1 regulated
IndoEx Security Factors
We also compared IndoEx against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| IndoEx | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | No | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is IndoEx a regulated crypto exchange?
IndoEx is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean IndoEx is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at IndoEx?
Yes, KYC verification is mandatory at IndoEx. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is IndoEx available?
IndoEx complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Spain, United Kingdom, Australia, Canada, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, France, Italy, Poland, Belgium, Norway, Czech Republic, Japan, Finland, Bulgaria, Korea, Estonia, Austria, Denmark, Germany, Lithuania, Ireland, Slovakia, Hungary, Slovenia, Croatia, Montenegro. For the most up-to-date information on regional availability, please contact IndoEx support.
Is IndoEx available in the USA?
Yes, IndoEx is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
IndoEx commissions and fees
IndoEx received a 7/10 score for its trading fees. While IndoEx is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are IndoEx trading fees?
We analyzed IndoEx’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
IndoEx trading fees vs competitors
| IndoEx | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,15 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,15 | 0,22 | 0 | 0.194 |
What are IndoEx deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0008 BTC 0,0029 ETH |
Does IndoEx offer P2P trading?
No, IndoEx does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
IndoEx received a 2.5/10 rating for its deposit and withdrawal services. IndoEx offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No Google Pay option
- Bank transfers not available
- Withdrawal fee applies
Deposit and withdrawal options
IndoEx supports the following deposit and withdrawal options: Crypto.
IndoEx Deposit and withdrawal options vs competitors
What is IndoEx minimum deposit?
The minimum deposit at IndoEx is 0 USD/USDT or 0,0009 BTC. The minimum trade size is 0,001 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
IndoEx minimum deposit vs competitors
| IndoEx | OKX | Kraken | |
| Minimum deposit, USD or USDT | 0 | 10 | 10 |
| Minimum deposit, BTC | 0,0009 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 0,001 | 0,00001 | 1 |
Does IndoEx support fiat money?
IndoEx does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
IndoEx received a score of 1/10 in this category, indicating a modest offering of assets and markets. While IndoEx covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Other supported products
- Staking not available
- Crypto options not available
IndoEx supported coins and markets vs competitors
We compared IndoEx with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| IndoEx | OKX | Kraken | |
| Supported coins | 70 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
IndoEx passive income options vs competitors
We also compared IndoEx with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Official site | https://www.indoex.io/ |
|---|---|
| Contacts |
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