UK FCA regulates EXMO exchange 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 cards, 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, the table below provides an outlook on 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, $150 Million Loss Coverage, Trusted IPs |
Services | Gift Card, Margin Trading, Copy Trading, Premium Cashback Plan, Staking |
Customer Support Ways | FAQ, Email |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market, Limit, Stop |
Native Token | EXMO Coin |
Restricted Countries | United States, North Korea, Iran, Cuba, Crimea, South Sudan, Sudan, Syria |
What are the Pros and Cons?
Before diving deeper into EXMO's features, let's take a look at some of its pros and cons:
Pros | Cons |
Low Trading Fees | Not Available for US Users |
Wide Variety of Cryptocurrency Trading Pairs | Reports Of Occasional Exchange Downtime |
Good Customer Support in Multiple Languages | Changing Deposit/Withdrawal Conditions Can Be Inconvenient |
Regulated By The FCA | Limited Advanced Trading Features Compared to Some Competitors |
User-Friendly Interface for Beginners and Advanced Traders | - |
While EXMO offers a functional and user-friendly cryptocurrency exchange service, it's essential to consider these pros and cons when deciding whether to use the platform for your trading needs.
User Levels Features
Forget about your idea of typical user level because there are no such things in EXMO. EXMO has launched a premium plan that is divided into four parts: Basic, Standard, Advanced, and Professional. The most important advantage of these levels is their cashback amount, which you can see in the table below:
Level | Maker Cashback | Taker Cashback |
Basic | 45% | 15% |
Standard | 70% | 50% |
Advanced | 90% | 65% |
Professional | 100% | 75% |
EXMO Exchange Fees and Commissions
EXMO offers competitive fees and commissions based on 30-day trading volume. Thus, this system rewards the high-volume traders with low fees. EXMO Exchange Fees:
30-Day Trading Volume ($) | 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 10xon 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
To open a new trading account with EXMO, traders must follow a simple process. EXMO registration:
#1 Visit the Exchange's Official Website
First, search for EXMO on any web browser. Enter it and click on the "Sign Up" button.
#2 Complete the Registration Form
On the account opening page, type in your email address and create a strong password. Then, verify your email.
#3 Log in and Verify Your Account
Log in to your account and navigate to the "Verification" section. Choose your verification level (Basic, Advanced, or Pro) and submit the required documents based on your chosen level.
Platforms and Applications
EXMO offers a user-friendly web-based platform and mobile apps for iOS and Android devices. Key features include:
- Advanced trading capabilities with various order types
- Real-time cryptocurrency rates and interactive charts
- Secure crypto storage using LedgerVault technology
- Portfolio tracking with "Unrealized PnL" feature
- Coin discovery tools to identify profitable cryptocurrencies
- Price alerts for desired price levels
- Cross-market comparison for trading pairs
- In-app customer support chat
- Community engagement through an in-app chat feature
The EXMO platform caters to both beginner and experienced crypto investors, providing a comprehensive suite of tools for trading and portfolio management.
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
- SSLencryption 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 wide variety of deposit and withdrawal methods tailored to global users. Funding options include:
- Major credit/debit cards (Visa, Mastercard)
- Online payment systems like QiWi, WebMoney, Perfect Money, Payeer, AdvCash, OKPay, and Payza
- Bank wire transfers (including SEPA for EUR and SWIFT for USD transfers)
- Ex-Code an internal voucher-based system for seamless user-to-user transfers
- CryptoCapital a service enabling the conversion of crypto holdings into fiat currencies via external platforms
The platform accepts fiat currencies such as USD, EUR, and RUB, and supports both crypto and fiat withdrawals. This wide range of payment options makes EXMO accessible for users across various regions and preferences.
Trust Scores and Evaluations
EXMO TrustPilot score in Trustpilot is 2.3 out of 5 and has received mixed reviews. While some users praise 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 cite 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 Features
Exmo's centralized exchange offers a range of features designed to attract a diverse group of traders and market participants. Exmo features:
Feature | Availability |
Staking | Yes |
Yield Farming | No |
Social Trading | Yes |
Liquidity Pool | No |
Gift Card | Yes |
EXMO Customer Support
EXMO offers multilingual customer support through several accessible channels. Users can seek assistance by:
- Submitting a support ticket via the website’s help center
- Sending direct inquiries to the support email: support@exmo.com
- Using the live chat tool available on the platform (subject to regional access)
Support is offered in multiple major languages to accommodate EXMO’s global user base. While live chat enhances responsiveness, email and ticket support remain the primary resolution paths. Response times can vary depending on the complexity of the issue, but the team is available around the clock.
Copy Trading Services and Investment Options
EXMO offers copy trading services, enabling users to replicate the trades of successful traders on the platform automatically. Key features include:
- Available for EXMO token holders
- Opportunity to generate passive income by copying expert traders
- Customizable risk management settings
- Transparent performance metrics for copied traders
- Diverse investment options to suit different risk appetites
Besides copy trading, staking is also available in EXMO exchange.
Restricted Countries; What Countries Are Banned to Use EXMO?
While EXMO serves a global user base, there are some restrictions on who can use the platform. The following countries are currently restricted from accessing EXMO's services:
- United States
- North Korea
- Iran
- Syria
- Cuba
- Sudan
- South Sudan
- Crimea
Users from these countries are not able to register or use EXMO's services due to regulatory and compliance requirements.
Detailed Comparison of EXMO and Other Crypto Exchanges
Let's review the aspects that make EXMO stand out among other crypto exchanges.
Parameters | EXMO Exchange | |||
Number of Assets | 180+ | 7800+ | 2800+ | 800+ |
Maximum Leverage | 1:10 | 1:12 | 1:100 | 1:125 |
Minimum Deposit | $20 | N/A | Varies by Payment Method | $1 |
Spot Maker Fee | 0% - 0.1% | -0.01% - 0.14% | From -0.005% | 0.005% - 0.1% |
Spot Taker Fee | 0.02% - 0.1% | 0.03% - 0.23% | From 0.025% | 0.02% - 0.1% |
Mandatory KYC | Yes | Yes | Yes | Yes |
Futures Trading | Yes | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | No | Yes |
Staking | Yes | Yes | Yes | Yes |
Copy Trading | Yes | Yes | Yes | Yes |
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.