EXMO exchange is regulated by UK FCA and serves over 1 million customers worldwide. More than 180 currencies are tradable and many more features such as $150 million loss coverage, copy trading, staking and gift card are available at this Polish exchange.
EXMO Exchange Company Information and Regulation
EXMO has established itself as a prominent player in the Cryptocurrency Exchange market since its inception in 2014. Here are some key points about the company:
- Founded in 2014, EXMO has grown to serve over 1 million traders globally;
- Recently regulated by the UK's Financial Conduct Authority (FCA);
- Initially registered in Estonia but faced challenges finding banks willing to work with crypto companies;
- In 2020, EXMO obtained an account with a Liechtenstein bank;
- Underwent a rigorous process to obtain temporary FCA registration;
- Addressed FCA concerns about workforce location in "high-risk" countries like Russia and Ukraine;
- Reported over 400,000 active traders in the past year to the FCA.
Despite the additional compliance burden, EXMO's team found the FCA's approach reasonable, as the regulator aims to protect users and ensure the exchange's legitimacy.
Specifications Table
What sets EXMO apart from other exchanges? Well, table below provide an outlook from the exchange’s features:
Exchange | EXMO |
Launch Date | 2014 |
Levels | Premium Program |
Trading Fees | Starting From 0.4% |
Supported Coins | 180+ |
Futures Trading | Unavailable, Margin is Available |
Minimum Deposit | $20 |
Deposit Methods | EXMO Gift Card, VISA, MasterCard, Bank Wired, Crypto |
Withdrawal Methods | EXMO Gift Card, VISA, MasterCard, Bank Wired, Crypto |
Maximum Leverage | 10x |
Minimum Trade amount | N/A |
Security Factors | Cold Wallet, 2FA, $150 Million Loss Coverage, Trusted IPs |
Services | Gift Card, Margin Trading, Copy Trading, Premium Cashback Plan, Staking |
Customer Support Ways | FAQ, Email |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market, Limit, Stop |
Native Token | EXMO Coin |
Restricted Countries | United States, North Korea, Iran, Cuba, Crimea, South Sudan, Sudan, Syria |
User Levels Features
Forget about your idea of typical user level because there are no such things in EXMO. EXMO has launched a premium plan that is divided into four parts: Basic, Standard, Advanced, and Professional. The most important advantage of these levels is their cashback amount, which you can see in the table below:
Level | Maker Cashback | Taker Cashback |
Basic | 45% | 15% |
Standard | 70% | 50% |
Advanced | 90% | 65% |
Professional | 100% | 75% |
EXMO Exchange Fees and Commissions
EXMO offers competitive fees and commissions based on 30-day trading volume. Thus, this system rewards the high-volume traders with low fees; EXMO Exchange Fees:
30-Day Trading Volume ($) | Maker | Taker |
0 - 10,000 | 0.1% | 0.1% |
10,000 - 25,000 | 0.095% | 0.1% |
25,000 - 50,000 | 0.085% | 0.1% |
50,000 - 100,000 | 0.075% | 0.095% |
100,000 - 250,000 | 0.07% | 0.09% |
250,000 - 500,000 | 0.055% | 0.075% |
500,000 - 1,000,000 | 0.05% | 0.075% |
1,000,000 - 2,500,000 | 0.04% | 0.06% |
2,500,000 - 5,000,000 | 0.03% | 0.05% |
5,000,000 - 10,000,000 | 0,02% | 0.045% |
10,000,000 - 50,000,000 | 0% | 0.03% |
50,000,000 + | 0% | 0.02% |
It's worth noting that EXMO does not charge any inactivity fees, which is a plus for occasional traders or long-term holders.
How Many Coins and Assets Are Available to Trade in EXMO?
EXMO boasts an impressive selection of over 180 cryptocurrencies, including popular options such as:
- Bitcoin (BTC);
- Ethereum (ETH);
- Tether (USDT);
- Ripple (XRP);
- Litecoin (LTC);
- Cardano (ADA);
- Dogecoin (DOGE).
Futures and Margin Trading: Are They Available?
While EXMO doesn't offer futures trading, but in EXMO review we noticed that they provide a robust margin trading platform called EXMO Margin. Features of EXMO Margin:
- Leverage up to 10x on select trading pairs;
- Isolated margin trading to limit potential losses;
- Wide range of order types with limit, market, stop, trailing stop, and stop limit;
- 0% commission for makers and 0.05% for takers;
- Suitable for both beginner and experienced active traders;
- Requires completion of the verification process to access.
The EXMO Margin platform has been publicly available since April 2021 and may see additional trading tools added in the future.
How to Register in EXMO? Complete Guide for Newbies!
To start trading on EXMO, follow these steps to register and verify your account:
- Visit the EXMO website and click "Sign Up";
- Enter your email address and create a strong password;
- Verify your email address;
- Log in to your account and navigate to the "Verification" section;
- Choose your verification level (Basic, Advanced, or Pro);
- Submit the required documents based on your chosen level;
- Wait for the EXMO team to review and approve your verification.
Once verified, your trading journey will begin.
EXMO Exchange Security & Safety Measurements; What Are They?
EXMO takes security seriously, implementing various measures to protect user funds and data:
- Cold wallet storage for the majority of user assets;
- Two-factor authentication (2FA) required for all account logins;
- $150 million loss coverage insurance;
- Trusted IP address restrictions to prevent unauthorized access;
- Regular security audits and penetration testing;
- SSL encryption for all data transmissions;
- Anti-phishing protection and email confirmations for withdrawals.
These robust security measures help ensure that EXMO users can trade with confidence and peace of mind.
What Payment Methods Are Available at EXMO Exchange?
EXMO supports a variety of payment methods to provide an answer for users' diverse needs:
- EXMO gift cards;
- VISA and Mastercard;
- Bank wire transfers;
- Cryptocurrency deposits;
- Various local payment options depending on the user's region.
Trust Scores and Evaluations
EXMO’s score in Trustpilot is 2.3 out of 5 and has received mixed reviews; While some users praising the platform's reliability and ease of use, others have reported issues with withdrawals and customer support. Key points from user reviews include:
- Fast transactions and intuitive interface appreciated by many users;
- Some negative reviews citing issues with withdrawals and hidden fees;
- Occasional technical problems reported, such as difficulties receiving verification codes;
- Mixed opinions on customer support responsiveness and effectiveness.
While EXMO has responded to some negative reviews and worked to address user concerns, potential users should consider these mixed evaluations when deciding whether to use the platform.
EXMO Customer Support
The fact that we realized in EXMO review is that they provide 24/7 customer support to assist users with any questions or issues. Unfortunately, support methods in this exchange are just email and faq; No other methods such as live chat are unavailable. EXMO Exchange Support Methods:
- 24/7 email support;
- Comprehensive FAQ section on the EXMO website.
TradingFinder Expert Conclusion
Spot and margin trading [10x maximum leverage] are available in EXMO exchange with only $20. Fees range from 0.1% and security measures like 2FA and cold wallet storage are some the pros but EXMO exchange has cons such as multiple reports of system crashes too.
