Margex Review - The trading platform that deserves attention

in #margex3 years ago (edited)

margex-review-steemit.png

Margex Review

The trading platform that deserves attention

Margex is a trading platform that deserves attention from both seasonal and newbie traders to leverage trading. This is a derivative platform where you can trade with up to 100x leverage on an isolated margin and make significant profits. Here we have a trading platform that provides a next-gen trading engine capable of handling 100 000 trx/s that can mitigate platform overloads.

Trading Pairs

Margex provides the opportunity to trade 6 cryptocurrencies with up to 100x leverage on each.

  • BTCUSD
  • ETHUSD
  • XRPUSD
  • LTCUSD
  • EOSUSD
  • YFIUSD

In the future, it is expected for more trading pairs to be added to the platform as people demand it.

Isolated Margin

Margex provides the ability to trade all of the assets on an isolated margin meaning that every position is separated. Also, you can open positions in both directions on a single trading pair.

Deposits and Withdrawal Options

Margex has only Bitcoin deposits and withdrawals at the moment with the side option to indirectly buy Bitcoin through Changelly with debit, credit cards.

As per industry standard withdrawals are processed once per day at 1 PM UTC.

User Experience

margex-trading-experience.png

For a perpetual contract trading platform, Margex provides one of the easiest to use interfaces out there. It is easy to navigate and easy to use + on top of that it is familiar to the more experienced traders that come from Bitmex. The whole logic behind the UI design is to make it easy to get in and advanced enough for the best of the best traders out there.

Trading fees on Margex

The trading fees on Margex are highly competitive when compared to the behemoths in the leverage trading space. You have a Maker fee of 0.019% and a Taker fee of 0.060% putting Margex in front of the race pack. The funding rates of long and short positions depend on the asset and the funding interval is executed every 8 hours.

Pair Maker Fee Taker Fee Funding/Long Funding/Short Funding
Interval
BTC/USD 0.019% 0.060% 0.035% 0.012% 8 hours
ETH/USD 0.019% 0.060% 0.078% 0.080% 8 hours
EOS/USD 0.019% 0.060% 0.033% 0.035% 8 hours
LTC/USD 0.019% 0.060% 0.100% 0.110% 8 hours
XRP/USD 0.019% 0.060% 0.070% 0.075% 8 hours
YFI/USD 0.019% 0.060% 0.038% 0.040% 8 hours

Trading infrastructure

Margex has a custom build trading engine that is capable of handling 100 000 transactions per second. This assures that the platform most likely won’t experience interruptions during trading sessions which is of utter importance, especially in highly volatile periods.

Margex implements various security features and fraud prevention systems in order to protect its users and assures that the trading activity is not interrupted.

Accounts are protected with encryption, 2FA authentication, and mail confirmations. A machine learning system is put in place to prevent spoofing and bluffing from happening on the platform.

Margex Liquidity

Margex has 12 liquidity providers which assure that its users will get the best price and mitigate high slippage happening on the platform when there are volatile movements.

One of the best affiliate programs

Margex is one of the more generous platforms offering up to 40% of affiliate rate for all. Compared to other leverage trading platforms the affiliate rate offered from Margex is on the higher spectrum.

Review Conclusion

Margex is one of the better leverage trading platforms that offer high stability and deep liquidity in order for their users to have the best time trading sessions. Margex is here and ready to take on the biggest trading platform - Bitmex, it offers a safe haven from all of the problems that come when trading on Bitmex. It offers a custom build trading engine combined together with a liquidity pooling system of 12 liquidity providers and a machine learning protection system to prevent fraud. If you are looking for a trading platform that offers something new, yet familiar, a better place to trade - Margex is the platform to try!

Visit Margex

Coin Marketplace

STEEM 0.20
TRX 0.14
JST 0.030
BTC 67941.63
ETH 3279.94
USDT 1.00
SBD 2.65