EuroXN Review – Online Trading Made Easier
EuroXN is an emerging broker catering to crypto lovers all over the world. Finding the right broker is not an easy task, that is where this review comes to help you out in choosing the right broker for your trading journey. EuroXN provides up to 100X leverage when trading Bitcoin futures and up to 50X leverage when trading Ethereum futures.
EuroXN is a trading platform for Bitcoin and cryptocurrency futures and options. EuroXN is a company that was formed in 2016 and is established under the title EuroXN. The firm has a very experienced workforce. EuroXN is a worldwide brokerage firm, people from all around the globe, including the USA and Canada, can access it. The benefits of trading cryptocurrencies with leverage on EuroXN include:
- A very volatile marketplace that handles over 200 million dollars in deals each day.
- BTC futures have a 100X leverage while ETH futures have a 50X leverage.
- An appealing fee structure
The only disadvantage of trading cryptocurrencies with leverage on EuroXN is that there are not many listed cryptocurrencies.
EuroXN offers a number of services that clients may use to trade futures trading markets. TradingView charts are integrated into its platform to give traders with high-end market analysis tools. Moreover, the user interface is extremely smooth and was designed to be as simple as possible.
One of the most attractive features of EuroXN is its incredibly low latency of 1ms. The platform claims to be the quickest in the industry, allowing customers to complete transactions with no slippage.
Withdrawals and deposits
All payments on the platform are completed using Bitcoin. Depending on the nature of trading, they can also be paid in Bitcoin or Ethereum. Deposits are only taken in Cryptocurrencies, and there are no fees associated with them.
Withdrawals are subjected to a charge equal to the blockchain’s current mining fee. Withdrawal takes some time to execute because EuroXN only holds 1% of their bitcoin in hot wallets.
Because ETH agreements are cash-settled, you will get ETH when you complete a profitable transaction.
Contract types and fees
The fee structure varies depending on the sort of trade you engage in. Both BTC and ETH options have a maximum fee of 12.5 % of the option’s price. The minimum investment of only 200$ is enough to make an account.
EuroXN takes the security of its exchange extremely seriously, which is why it stores more than 99 % of its BTC in cold storage. This means that an attacker will be able to acquire roughly 1% of the remaining exchange currency in hot wallets.
EuroXN also offers a big bug bounty program, which pushes hackers to uncover vulnerabilities in the programming in exchange for a reward each time the broker releases new updates. Furthermore, the exchange’s official website uses SSL communications, as should be expected of any major exchange nowadays. KYC enables the broker to ensure to the regulatory authorities that they know their customers very well. For your identity, you have to provide a scanned copy of your driving license, electricity bill, or passport. AML enables to stop money laundering and use the money for illegal purposes.
To increase user security, users can activate two-factor authentication, employ IP pinning, and define session timeouts. Despite having only a few years in online trading, the platform is quite secure to operate.
The broker offers 24/5 customer support for the traders. Customer care service is responsive and quick. This is the most important feature for an investor. Any trading complication or query can be asked in 5 working days. Phone numbers of 4 different languages and localities are available to cater to customers with various backgrounds. You can also email them, they will read and come back to you with the response.
EuroXN offers 4 different accounts to give service to all kinds of traders, beginners, intermediate, and experts. The customer support and security are satisfactory too. So, I believe you should give this broker a try.