Best Crypto Exchange for Day Trading - Top 8 Platforms
It's no secret that the cryptocurrency market is developing rapidly. In just a few short years, cryptocurrencies have gone from being a fringe investment to a mainstream phenomenon. And with this growth comes opportunities for traders. If you're looking to day trade crypto in 2023 and beyond, then you need to be using the best platforms available.
In this blog post, we'll take a look at some of the best platforms to day trade crypto and discuss their pros and cons. So if you're interested in starting or expanding your day trading career, keep reading!
Best crypto platforms for day trading:
ByBit
Binance
OKX
Huobi Global
Kraken
BitGet
Yobit
What is the Best Crypto Exchange to Day Trade?
When it comes to day trading cryptocurrencies, there are a few things you need to look for in an exchange. First and foremost, you need to make sure that the exchange supports the derivative you want to trade. Secondly, day traders often make a lot of trades, so even a small difference in fees can add up quickly.
Finally, you'll also want to make sure that the exchange supports a wide range of altcoins. This gives you more flexibility in your trading and allows you to take advantage of opportunities as they arise. Let's delve deeper into these integral factors, shall we?
Trading Fees
For day traders, finding the best crypto exchange for day trading is all about minimizing fees. After all, day traders are typically making a high volume of trades, which means that even a small difference in fees can add up quickly. Thus, exchanges that offer discounts for high-volume traders can be particularly attractive to day traders.
As a day trader, you need to be aware of the fees associated with each trade. Some exchanges charge a flat fee per trade, while others take a percentage of the total trade value. You'll also need to factor in the cost of any software or data subscriptions that you'll need to access the exchange. In addition, day traders also need to be mindful of transaction costs, such as commissions and spreads. Once again, the cheaper the better.
Moreover, liquidity is another important factor, as it ensures that trades can be executed quickly and at the best possible prices. Finally, security is also crucial, as day traders are often handling large amounts of money. Ultimately, though, the best crypto exchange for day trading is the one that best meets the specific needs of the trader.
Supported Derivatives
For day traders, the best cryptocurrency exchange for day trading is one that supports derivatives. Derivatives are financial instruments that derive their value from an underlying asset. For example, a stock index futures contract derives its value from the performance of a stock index. Day traders use derivatives to speculate on the future price moves of an underlying asset.
By taking a long or short position in a derivative, day traders can make money regardless of whether the markets are going up or down. They allow traders to take both long and short positions, giving them more flexibility when making trades. The best crypto exchange for day trading offers a wide variety of derivatives, including futures, options, and swaps. These exchanges also offer tight spreads and low fees, which is essential for day traders who need to make a large number of trades.
Supported Altcoins
When choosing the best crypto exchange for day trading, it's important to consider the supported altcoins. When it comes to the best cryptocurrency exchange for day trading, altcoins definitely have an edge over Bitcoin. Altcoins are alternative cryptocurrencies that typically have a lower market capitalization than Bitcoin. However, they can still be highly volatile and offer significant trading opportunities for savvy traders.
By supporting numerous altcoins, an exchange gives day traders more options and allows them to take advantage of emerging trends. So when you're choosing an exchange, be sure to check what altcoins are supported. This will ensure that you have access to the coins you want to trade and give you the best chance of success.
In addition, supported altcoins can also provide greater liquidity, which is essential for day trading. You want to be sure that you can buy and sell your altcoins quickly and easily without having to worry about slippage. One way to gauge a market's liquidity is by looking at its volume, which is the number of trades that have been executed in a given period of time. The volume data on CoinMarketCap is a good starting point for assessing a market's liquidity.
The higher the volume, the more liquid the market is likely to be. Another important factor is the spread: the difference between the bid and ask price. The narrower the spread, the better, as it indicates that there is less price movement and more stability. Finally, you also want to consider the depth of the order book. This is a measure of how much buying and selling pressure there is at different prices. A deep order book means that there is good liquidity even at very low or high prices. All of these factors are vital to consider when choosing an exchange for day trading.
Best Day Trading Crypto Platforms Reviews
Here is a list of some of the best crypto exchanges for day traders. We’ll look at some of the advantages of picking these exchanges as well as their fees, liquidity score, and supported instruments.
ByBit - Best Overall Exchange for Day Traders
ByBit is a centralized trading platform with some of the lowest fees in the industry. It features over 100 cryptocurrencies and over 100 derivatives. It features perpetuals, inverse perps, futures, leveraged tokens, USDC options, an NFT marketplace, and much more. ByBit also has very good liquidity, with a daily trading volume of over $600 million. Overall, ByBit is one of the best exchanges for day trading cryptocurrencies.
Costs
One of the biggest advantages of ByBit is its low fees. Their charges are based on the maker-taker model and VIP or Pro levels. Non-VIP maker fees are 0.10%, and taker fees are 0.06% for spot trading. Perpetual and futures trading get 0.01% maker fees. Derivatives trading fees on the other hand are 0.03% taker and 0% maker.
The exchange is currently running a promo and has canceled all commissions on the spot. According to some information, these conditions will be preserved in the future.
Supported Instruments
ByBit supports a wide array of cryptocurrencies, including BTC, ETH, DOT, MATIC, EOS, LTC, DODGE, and AVAX. They also have a variety of different derivative products available for trade, including perpetual contracts and inverse perpetual contracts. In general ByBit supports 320 coins on the spot and 180+ contracts.
Liquidity Score
Another big advantage of ByBit is its high liquidity score of about 600 (here and later coinmarketcap estimate). The exchange has a daily trading volume of over $600 million, which is one of the highest in the industry. This high liquidity allows for easy execution of trades and tight spreads.
Kraken - Best in the US
Founded in 2011, Kraken is one of the oldest and most well-respected cryptocurrency exchanges. Based in San Francisco, Kraken is a trusted name in the industry, and it offers a wide range of features that make it an ideal choice for day traders. The exchange offers over 100 cryptocurrencies, and traders get to earn rewards with coin staking. With over 8 million traders, Kraken offers spot trading, futures, margin trading, indices, OTC, and an upcoming NFT marketplace.
Costs
The fees on Kraken vary depending on different products. Basic Instant Buy Service gets 0.9% for stablecoins and 1.5% for other cryptos. Kraken Pro uses the maker-taker model where maker fees go from 0.000% to 0.16%, and taker fees go from 0.10% to 0.26%. What you pay highly depends on how often you play within a 30-day period.
Supported Instruments
Kraken supports a large number of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Monero, XRP, USDT, and many others. In total, there are over 120 different cryptocurrencies available for trading on Kraken.
Liquidity Score
Kraken has high liquidity of about 700 and almost $130 million daily trading volume. Order execution is typically very fast, and there is little slippage. This makes Kraken a good choice for day traders who want to take advantage of small price movements.
Binance
General Information
Binance is a crypto-to-crypto exchange that was launched in 2017 and by far one of the best platforms to day trade crypto. Since then, it has grown to become one of the largest exchanges in terms of trading volume. Binance offers a mobile app for trading on the go, about 350 cryptocurrencies, and thousands of trading pairs. It has such a massive ecosystem that comprises an exchange, Launchpad, Labs, Research, Trust Wallet, NFT, Charity, Academy, and more.
Costs
Let's start with costs. Binance's spot trading fees are some of the lowest in the industry, and it also offers discounts for users who pay with its native token, BNB. As for margin trading, Binance offers very competitive rates, starting at 0.02% for makers and 0.04% for takers.
Supported Instruments
When it comes to supported assets, Binance has an impressive selection of both cryptocurrencies and fiat currencies. In total, there are over 150 different assets available for trading on the platform. This gives day traders a lot of options when it comes to finding profitable trades.
Liquidity Score
Finally, there's liquidity. Binance is one of the most liquid exchanges in the world, with a 24-hour trading volume of over $5 billion and an average liquidity score of almost 1,000. At some point, Binance has had as much as $79 billion in 24 hours, which goes to show just how liquid the exchange can be. It also means that there are always plenty of buyers and sellers available to match trades, regardless of what time of day it is.
All things considered, it's no wonder that Binance is so popular among day traders. It's a well-rounded platform that offers everything you need to be successful in this exciting market.
OKX
General Information
Previously known as Okex, OKX is a Seychelles-based CEX and wallet platform that offers spot trading, options, and derivatives such as futures and margins. It has a wide range of products, including block trading, trading bots, and OKX Earn, which includes staking, DeFI, and more. The company claims that its wallet is a "portal to web3" and supports over 30 networks that include Bitcoin, Polygon, Solana, Etherium, BNB Chain, and more. Moreover, OKX has a native blockchain, known as OKX chain, and its own token, known as OKB.
Costs
OKX charges are based on the maker and taker model, with trading fees starting at 0.10% and decreasing with each trade volume. Fees for regular users depend on the amount of OKB in the system, and for advanced users, fees depend on their 30-day trading volumes.
Supported Instruments
In addition to spot trading, Okex also offers margin trading, futures trading, and options trading. It features over 350 cryptocurrencies with major tokens, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, MATIC, AAVE, XRP, SOL, and more. Fiat currencies are not supported at this time.
Liquidity Score
Okex has a 400 liquidity score due to the high trading volume of about $700 million in 24 hours on the platform. This makes it easier to buy or sell large amounts of cryptocurrency without affecting the market price too much.
BitMex
General Information
BitMex is a crypto derivatives exchange built by seasoned traders. It was founded in 2014, and even though it's not as huge as other exchanges on this list, it's still a good option for day traders.
Costs
BitMex charges some of the lowest fees, with makers getting as little as 0.01% and takers as little as 0.05%. It also offers discounts to high-volume traders based on their 30-day average trades.
Supported Instruments
BitMex supports a wide range of cryptocurrencies, including BTC, ETH, LTC, BCH, BNB, ADA, AVAX, DOT, and more.
Liquidity Score
BitMex has an average liquidity score of about 300, with a 24-hour traded volume of over $200 thousand. This makes it a great exchange for small-time day traders who want to get in and out of trades quickly.
Huobi Global
General information
Founded in 2013, Huobi Global is one of the oldest and most well-established crypto exchanges in the world. Headquartered in Seychelles, it's now one of the largest exchanges by volume, with over $300 million worth of trades being executed on its platform each day.
Huobi Global is a digital asset exchange that offers spot and margin trading for a wide range of cryptocurrencies. In addition to traditional currency pairs, Huobi Global also offers a number of unique features, such as its own native token (HT) and an earning program that allows users to earn interest on their holdings.
Costs
Huobi Global charges a maker and taker fee of 0.2% trading fee for both spot and margin trades. However, this fee can be reduced to 0.1% if you pay using HT. Professional traders get 0.0362% of maker fees and 0.0462%.
Supported Instruments
As mentioned earlier, Huobi Global supports over 400 different currencies and tokens. This includes all of the major coins, such as BTC, ETH, HT, USDT, and LTC, as well as a number of smaller altcoins. The platform also offers a handful of fiat pairs, such as USD/CNY and EUR/USD. Huobi Global has a huge ecosystem that includes spot, futures, margins, and derivatives trading, as well as crypto loans and staking options.
Liquidity Score
Huobi Global has an excellent liquidity score of about 400, with all major pairs having tight spreads and plenty of order book depth. This makes it one of the best platforms to day trade crypto.
BitGet
BitGet is a cryptocurrency exchange platform that offers a wide variety of trading options for its users. It boasts fast transaction speeds, a user-friendly interface, and advanced trading tools. One of the most appealing features of BitGet is its low trading fees.
In terms of the best cryptos to day trade on BitGet, the platform offers a range of options, including Bitcoin, Ethereum, and Litecoin. Traders can also choose from a variety of trading pairs, allowing for more flexibility in their trading strategies.
One of the drawbacks of BitGet is that it is not available to users in certain countries, such as the United States. Additionally, while the platform offers a variety of trading tools, it may not be as advanced as some of its competitors.
Overall, BitGet is a solid option for those looking to make $100 a day trading cryptocurrency. Its low trading fees, user-friendly interface, and range of trading options make it a top choice for many traders. However, users should be aware of its limitations, such as its availability in certain countries and the limitations of its trading tools.
👍 Pros
• Low trading fees, a wide range of trading options, and fast transaction speeds
👎 Cons
• Not available to users in certain countries, and the trading tools may not be as advanced as some of its competitors
Yobit
Yobit is a cryptocurrency exchange platform that has been around since 2014 and has grown to become one of the best platforms for day trading cryptocurrency. It offers a range of features that make it a top choice for traders looking for a reliable and user-friendly platform.
One of the main advantages of Yobit is its wide range of trading options. Traders can choose from over 500 different cryptocurrencies to trade, including popular options such as Bitcoin, Ethereum, and Litecoin. The platform also offers a range of trading pairs, allowing traders to take advantage of market trends and make profitable trades.
In addition, Yobit offers a user-friendly interface that is easy to navigate, making it an ideal choice for both experienced and novice traders. The platform also offers a range of trading tools and features, such as margin trading and stop loss orders, that can help traders maximize their profits and minimize their risks.
However, there are some drawbacks to using Yobit as a day trading platform. For example, the platform has been criticized for its lack of transparency and the limited information it provides on its security protocols. Additionally, some traders have reported experiencing issues with customer support and slow transaction processing times.
👍 Pros
• Wide range of trading options, a user-friendly interface, and advanced trading tools make it a top choice for many traders
👎 Cons
• Lack of transparency and customer support issues
Day Trading Crypto Platforms Fees Compared
We've put together a fee comparison table, so you can see at a glance which platform charges what fees. Keep in mind that the fees will vary depending on the volume of trades you're making. But with this table, you'll be able to quickly find the platform that's right for you.
Cheapest Cryptocurrency Exchanges (spot)
| Exchange | Max. Maker Fee | Min. Maker Fee | Max. Taker Fees | Min. Taker Fee | |
|---|---|---|---|---|---|
Bybit |
0.06% |
0.0% |
0.1% |
0.00% |
|
Kraken |
0.16% |
0.0% |
0.26% |
0.1% |
|
OKEx |
0.08% |
-0.005% |
0.1% |
0.020% |
|
Binance |
0.1% |
0.075% |
0.1% |
0.075% |
|
BitMex |
0.1% |
0.1% |
0.075% |
0.075% |
|
Huobi Global |
0.2% |
0.0362% |
0.2% |
0.0362% |
|
BitGet |
0.02% |
0.02% |
0.06% |
0.06% |
|
Yobit |
0.2% |
0.2% |
0.2% |
0.2% |
Cheapest Exchanges (Futures)
We've also put together a fee comparison table for futures. This way, you can easily see which platform has the lowest fees for what you're looking to do. So take a look and find the platform that's right for you.
| Exchange | Max. Maker Fee | Min. Maker Fee | Max. Taker Fees | Min. Taker Fee | |
|---|---|---|---|---|---|
Bybit |
0.01% |
0% |
0.06% |
0.03% |
|
Kraken |
0.02% |
0.0075% |
0.05% |
0.02% |
|
OKEx |
0.08% |
0,06% |
0,1% |
0.08% |
|
Binance |
0.03% |
0.023% |
0.012% |
-0.01% |
|
BitMex |
-0.01% |
-0.01% |
0.075% |
0.075% |
|
Huobi Global |
0.02% |
0.02% |
0.05% |
0.05% |
|
BitGet |
0.02% |
0.02% |
0.06% |
0.02% |
|
Yobit |
0.2% |
0.2% |
0.2% |
0.2% |
What is the Best Crypto to Day Trade
When it comes to day trading, the most important thing is liquidity. Liquidity refers to how easily an asset can be bought or sold without affecting the price. In the world of cryptocurrency, the most liquid assets are typically spot Bitcoin, Ethereum, and major futures contracts. This is because there is a large and active market for these assets, with many buyers and sellers willing to trade at any given time.
As a result, prices tend to be more stable, making it easier to buy or sell without affecting the price too much. For day traders, this is essential, as it allows them to quickly enter and exit trades without having to worry about wide swings in price. So when it comes to choosing the best crypto for day trading, the most important thing is to focus on assets that are highly liquid.
10 Best Crypto to Buy NowIs Crypto Day Trading Worth it
Is day trading cryptocurrency worth it? Essentially, what that question is asking is can you make a profit from cryptocurrency day trading? The answer is a resounding yes. Crypto has high volatility, and this allows disciplined and knowledgeable traders to make money.
Of course, day trading any asset class comes with a fair degree of risk. So, before you consider crypto day trading, you need to understand that there are no guarantees that you will make a profit. However, if you are prepared to put in the hours, you'll give yourself the best chance.
Cryptocurrency day trading requires a mix of technical analysis and a good understanding of how specific types of news affects the market. Additionally, it requires a good dollop of common sense.
If you're willing to do the work, day trading crypto can produce excellent results. However, like every type of investment, it comes with its own advantages and disadvantages.
Here is a look at the most significant risks and opportunities when day trading cryptocurrency.
Do I need a lot of money to begin?
No. Most exchanges don't have a minimum deposit.
If you're new to trading, it's better to start out with a low amount of capital until you find your feet. Day trading cryptocurrency has a steep learning curve, so it's best to make your mistakes with a deposit you can afford to lose.
Once you are consistently making a profit, it can make sense to increase your deposit.
Best Crypto Day Trading Strategies
Scalping
Scalping is a day trading strategy that involves high trading volumes. There are a few different ways to employ scalping, but the most important aspect is to exit trades seconds after opening them — and way before market sentiment has time to change.
An example of scalping is:
Bitcoin is sitting at $43980.00. You take a position, the market moves to $44000.00, and you exit, taking $20 profit. Of course, unless you're entering the market with one bitcoin at a time, your profit will be some fraction of the $20 rise.
Because scalping produces small ROIs, this strategy is best for people with more significant amounts of capital. Scalping requires lots of small trades, with some scalpers making 15-20 trades a minute.
Arbitrage
Arbitrage involves exploiting different crypto prices across different exchanges. Simply, it is the process of buying crypto in one market and selling it for profit on the other.
This strategy requires you to keep a balance between multiple crypto exchanges so that you are prepared to pounce once an opportunity presents itself.
A straightforward example of this principle is:
You notice Binance currently sells Bitcoin for $44,200, while Coinbase is buying Bitcoin at $45,200.
You log in to Binance and buy one Bitcoin for $44,200.
Then, you log in to Coinbase and sell one Bitcoin for $45,200.
You realize a profit of $1,000 - minus sell fees.
Of course, opportunities as stark as this don't come up every day. But because exchanges offer different prices, you can consistently make a tidy profit if you're attentive enough.
Top 7 Cryptocurrency Trading Strategies for BeginnersGolden Cross/Death Cross
The Golden Cross and Death Cross methods focus on two moving averages: the 50-day moving average (50 MA) and the 200-day moving average (200 MA).
If the 50 MA goes above the 200 MA, this is a signal to buy.
However, if the 50 MA goes below the 200 MA, this is a signal to sell.
While this strategy probably works best for long-term trading, it produces results for day trading too.
Range Trading
Quite often, crypto trades for an extended period inside a specific range. For example, Bitcoin might trade between $40,000 and $43,000 for a month. This range is around ±6.9%.
Because many cryptocurrency markets are relatively small, big movers (or whales) can manipulate the market up and down to profit from the range. If you see a pattern like this, you can get involved too.
To profit from range trading, you need to know the oversold and overbought zones (see chart above).
Overbought means that interest buyers have enough crypto, and they're looking to sell. Oversold means that traders want to buy crypto. Range trading works by fixing a range between the support and resistance levels.
There are several ways to find these zones, including chart indicators, relative strength index (RSI), or a Stochastic Oscillator.
Sentiment-Based Trading
Sentiment-based trading is a day trading strategy that seeks to use the news to predict the market's price. To make this strategy work, you'll need to be up-to-date on any news and information, crypto regulation reports, and even Google trends.
An example of sentiment-based trading is as follows.
Sentiment-Based Trading Example
You have Twitter alerts for Elon Musk and crypto news.
Per the chart above, Musk says Tesla is likely to accept Bitcoin again.
You move in and buy, also carefully defining an exit point.
As news filters through about Musk's statement, the price goes up, and you exit at your defined point with a profit.
Is Crypto Day Trading Legal?
Cryptocurrency day trading is legal in many countries. In general, countries that have legalized cryptocurrency trading, such as the United States, Canada, Australia, and the United Kingdom, also allow for day trading of cryptocurrencies. In these countries, individuals are free to engage in cryptocurrency trading, including day trading, as long as they comply with relevant regulations and pay any applicable taxes.
However, despite the legality of cryptocurrency day trading, it is important to note that it comes with significant risks. This can lead to significant gains, but it can also lead to significant losses.
How Risky Is Crypto Day Trading?
The risks associated with crypto day trading are significant and should be carefully considered before engaging in it. Here are the main risks of crypto day trading and how to reduce them:
Volatility
Cryptocurrencies are highly volatile assets, meaning their prices can fluctuate rapidly and unpredictably. This volatility is a significant risk for day traders, as a sudden price movement can wipe out all their gains or even lead to losses. To reduce this risk, traders should use stop-loss orders, which automatically close a position when the price reaches a predetermined level.
Lack of Liquidity
Liquidity refers to the ability to buy or sell an asset quickly without affecting its price. Cryptocurrencies, especially smaller ones, can suffer from a lack of liquidity, which can make it difficult for traders to exit a position when they want to. The best way to counter this risk is to focus on more liquid cryptocurrencies and trade on exchanges with high trading volumes.
Cybersecurity Risks
Cryptocurrencies are stored in digital wallets, which can be vulnerable to hacking and other cybersecurity threats. If a trader's wallet is hacked, they can lose all their funds. That’s why traders should use reputable wallets and exchanges that have strong security measures in place, such as two-factor authentication and cold storage.
Emotional Trading
Day trading can be emotionally challenging, especially when the market is volatile. Fear, greed, and other emotions can cloud a trader's judgement and lead to irrational decision-making. Make sure to stick to a trading plan and avoid making impulsive trades based on emotions.
Best Crypto To Day Trade
Several factors determine which crypto is ideal for day trading. These include volatility, volume, liquidity, exchange platforms, active team, and media coverage. The best crypto for day trading will generally have high volume, be listed on all major exchanges, and have good liquidity. Additionally, it's crucial to consider the team behind the project and the media coverage it receives. Some popular cryptocurrencies for day trading include Bitcoin, Ethereum, Litecoin, and Ripple. However, it's important to conduct thorough research and analysis before making any trading decisions.
Summary
When it comes to day trading cryptocurrencies, there are a few exchanges that stand out from the rest. If you're looking for the best crypto exchange for day trading, you'll want to take a close look at the exchanges above. These offer a variety of features that make them ideal for day traders, including high liquidity, low fees, and a wide selection of coins. So no matter what your needs are, there's a crypto exchange that's perfect for you.
FAQs
What is the best crypto trading platform for day trading?
The best crypto day trading platform varies based on individual preferences. For many, the best crypto exchange for day trading today is Bybit.
Which Altcoins are the best for day trading?
The best altcoins for day trading depend on their volatility, liquidity, trading volume, and overall market trends. Some popular choices include Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
Is cryptocurrency good for day trading?
Cryptocurrency can be good for day trading due to its high volatility, but it also carries significant risks, such as price fluctuations, lack of regulation, and security concerns. Traders should conduct thorough research and develop a solid trading strategy before entering the market.
Which platform is best for day trading cryptocurrency?
There are several platforms available for day trading cryptocurrencies, including Binance, Bitfinex, Kraken, and Coinbase Pro. The best platform for day trading will depend on various factors such as the trader's experience, trading strategy, and preferred trading pairs.
Can you do day trading in crypto?
Yes, it is possible to do day trading in cryptocurrency. Day trading involves buying and selling assets within the same day, and this strategy can be applied to cryptocurrencies as well.
Is crypto day trading profitable?
Crypto day trading can be profitable for experienced traders who have a well-thought-out trading strategy, risk management plan, and the ability to execute trades quickly.
What is the best crypto exchange for day trading?
This is a difficult question to answer as there are many factors to consider when choosing a day trading platform. Some of the things you may want to look for include: low fees, high liquidity, a variety of coins and tokens available, and security.
What are some of the most popular crypto exchanges?
Some of the most popular exchanges include Binance, Kraken, and Houbi Global.
What are the benefits of day trading on a crypto exchange?
The main benefit of day trading on a crypto exchange is that you can take advantage of price fluctuations in the market to make profits.
What risks are associated with day trading on a crypto exchange?
The biggest risk with day trading is that you could lose all of your capital if the market moves against you. This is why it is important to carefully research each trade before making it.
Methodology for compiling our ratings of crypto exchanges
Traders Union applies a rigorous methodology to evaluate crypto exchanges using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Exchanges are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Exchanges are assessed based on the variety, quality, and features of platforms offered to clients.
Extra services. Unique value propositions and useful features that provide traders with more options for yield generation.
Other factors like brand popularity, client support, and educational resources are also evaluated.
Team that worked on the article
Dwight specializes in risk, corporate finance, alternatives, fintech, general business trends, and financial markets, and he has broad experience managing complex projects. Dwight is an author for the Traders Union website.
Dwight was a financial columnist for The Wall Street Journal and The New York Times during the Great Financial Crisis. He has served as Editor-in-Chief of Worth, a personal finance magazine for the wealthy, and as Editor of Risk, the premiere global publication about derivatives, risk management, and quantitative finance, based in London.
He has also served as Managing Editor at The Economist Group and ran the Americas operations of two British trade publications.
For the last 12 years, Dwight has worked as a freelance writer and editorial project manager, serving clients in the financial technology, banking, broker/dealer, consulting, asset management, and corporate sectors. This has given him considerable experience in idea generation and project management, working collaboratively to help clients meet their goals with little or no supervision.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.