Tidex 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
- $1
- TradingView
- Many trading instruments, only one fiat – USD, profitable staking with fixed and floating programs, very low fees
- they can be reduced by using TDX token
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
- $1
- TradingView
- Many trading instruments, only one fiat – USD, profitable staking with fixed and floating programs, very low fees
- they can be reduced by using TDX token
Our Evaluation of Tidex
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
Tidex is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.04 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Tidex 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.
Tidex crypto exchange is suitable for traders of all levels. The platform does not have special solutions for the beginners, but there is no minimum deposit at the exchange and the trading fees do not depend on the trading volumes. No fees are charged for staking. The exchange uses a standard TradingView trading platform, which the vast majority of today’s crypto exchanges also use. The platform is easy to understand and has a user-friendly interface. Traders have different options to deposit funds to their accounts, including direct transfers from debit/credit cards in USD. The US dollar is one of the traded currencies. Clients of the exchange can take out a cryptocurrency loan, using TDX as a collateral; the loan amount depends on the number of platform’s tokens on their account. This token is actively traded and it can be used to improve economic ‘comfort’ of trading at the exchange.
Brief Look at Tidex
Tidex Exchange offers access to trading dozens of cryptocurrencies and tokens, including Bitcoin, Litecoin, Ethereum, Tether, DOGE, TDX, WEST and other assets. The US dollar (USD) is the only available fiat currency. The exchange is well known in the global market thanks to its beneficial trading conditions – the fees are fixed and for the majority of cryptocurrencies the fees are 0% for the makers and 0.1% for the takers. The fees do not depend on the trading volume, but they can be reduced by 5-90% through the holding TDX (the platform’s token). The exchange also offers the universal passive income system – staking with up to 25% per annum and without freezing of the funds on the account. As for the additional features, the platform offers a Referral Program and loan system with TDX as collateral. The exchange has API; the listing is open and any person can submit a request to add their token to the pool.
- Dozens of popular cryptocurrencies and tokens, and US dollar of the fiat money are traded at the exchange;
- No minimum deposit and no limitations on trading strategies, the limits are appropriate;
- Staking for passive income without freezing of the funds on the account and with daily accrual;
- Referral program with 30% bonus from the partners’ trading fees;
- Holding TDX, the token of the platform, allows you to considerably reduce trading fees;
- The platform provides its clients with an open API for cross-platform trading.
- No application for mobile trading;
- No demo accounts.
TU Expert Advice
Financial expert and analyst at Traders Union
Tidex cryptocurrency exchange was launched in 2017; it is headquartered in the UK. The platform quickly emerged on the international arena thanks to the ever expanding pool of assets and adding pairs with USD at the start. At the moment, it is one of few professional exchanges that supports direct deposit and withdrawals in USD with debit/credit cards.
The exchange offers a standard TradingView trading platform and does not have a mobile application. The website is adaptable and can be opened and worked from on a table or a smartphone with a large screen. The registration is standard, KYC verification. There are regional restrictions (the full list is available in the Terms of Use). The platform’s operation is stable; in the entire time of its operation there have not been any failures or functional disruptions.
Experts analyzed available archive data on the operation of Tidex Exchange. No cases of fraud or unresolved conflicts with clients were discovered. The exchange operates transparently, is registered in the Caymans and is regulated by the financial law of this state.
The platform is described as quick and convenient. Many cryptocurrencies and tokens are available; the platform operates quickly and the trading volumes are high. There are standard tools for technical analysis, and API for advanced users. The fees are much lower than the average in the market and are not tied to the trading volumes. The ecosystem of the exchange is stimulated by the TDX token. Trading and holding TDX is economically beneficial for the users.
Staking and a referral program with standard conditions are available. No serious drawbacks were discovered, although one should take into consideration that the exchange does not offer demo accounts, detailed guides or other specialized solutions for novice traders.
Tidex Summary
Your capital is at risk. 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: | TradingView (in the browser) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, USD |
| 💵 Replenishment / Withdrawal: | Debit/credit cards and accounts, electronic and crypto wallets |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | Many trading instruments, only one fiat – USD, profitable staking with fixed and floating programs, very low fees; they can be reduced by using TDX token |
| 🎁 Contests and bonuses: | N/A |
In order to start trading on Tidex, you need to register and pass verification (confirm your information). It is possible to trade without verification, but the features will be limited and strict limits are applied to such users. The exchange does not have a minimum deposit; the clients can independently manage their financial policy. They can rely only on their own funds, as the exchange does not provide leverage. Customer support is available 24h and there are three ways to contact it – live chat on the website, ticket system and email.
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Commissions & Fees
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0% for the maker;
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0.1% for the taker.
The clients of the exchange also have an opportunity to reduce trading fees through the TDX token. This is the platform’s own coin, which is actively traded. The more TDX the client has on their account, the lower are the fees. There are nine levels based on the number of TDX on the client’s account. At the first level (500 coins on the account, the discount on the fees is 5%. At the ninth level (100,000 coins on the account), the discount is 90%.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Up to 0.1% per order | Yes |
The exchange does not charge a deposit fee, but third-party services may charge their own fees. Withdrawal fees are fixed; they depend on the asset. You can learn more details about the withdrawal fees in the Assets specification section of the website.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$20 | |
|
$0.1 |
Investment Options
Tidex Exchange provides its clients with an opportunity to earn a profit from staking. They can transfer part of their funds to be used by owners of developing blockchain projects and earn interest in return calculated based on their deposit. The exchange in this case is an intermediary.
There are two types of programs – fixed and floating. All programs provide an opportunity to withdraw partially or fully the deposit; it is not blocked. However, you need to keep in mind that the profit will be recalculated in accordance with the deposit adjustments and can be substantially reduced.
Fixed programs are valid for a limited period of time. The user chooses the period – 7, 15, 30, 40, 45, 60, 90 or 120 days. For some programs, only specific periods are available. The interest is accrued daily based on the amount of the deposit and the deposit is returned upon the expiry of the program or upon request.
Floating programs do not have a fixed period of validity. A user makes a deposit for a potential unlimited period (until the exchange’s partners removes the request upon raising sufficient funds). Floating programs offer higher profits.
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.
Tidex’s partnership program
Tidex offers a standard referral program. Every user receives a personal referral link and adjustable banner after verification. They can be published on any resource. Note that the exchange prohibits spam and other ‘grey’ and illegal methods of distribution of information. A user can be banned for that.
Every user, who follows the link of the exchange’s client, registers, verifies their account and starts trading becomes the client’s referral. A referral brings the link’s owner 30% of all trading fees they pay. The status of the referral has no expiration date, and therefore it lets the client earn a profit the entire time the referral trades at the exchange.
The number of referrals a client of the exchange can invite is not limited. The same regional restrictions as for trading are applied to this program. The platform is actively combating fake accounts; it has a rather strict policy of controlling lawfulness of actions of its clients.
User Satisfaction