EXMO Review 2020
EXMO is a British cryptocurrency exchange that was established in 2013 and has been constantly expanding its functionality since then, adding new assets to the listing and, most importantly, increasing its customer base. The Exchange offers over 182 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Ripple, Cardano, Cosmos, DASH, and more for trading online via the provided trading platform.
EXMO Review 2020, Pros & Cons
- Intuitive Trading platform & handy mobile app
- A range of useful trading tools & educational materials
- Not regulated
- No MetaTrader platforms
- Cryptocurrency trading only
- Limited account funding options
In this detailed EXMO review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
EXMO is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including EXMO.
EXMO Review: Summary
Headquartered in London, United Kingdom, EXMO is a cryptocurrency exchange that was launched in 2013 to provide retail and professional investors with a convenient platform for online trading of multiple cryptocurrencies. The Exchange provides traders with a range of useful trading tools and educational resources. They state that their top priority the security of its users’ funds and personal data.
EXMO Review: Regulation
EXMO is not regulated by any known financial authority. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
EXMO Review: Countries
Any adult can open a trading account with EXMO, provided the person’s country of residence permit online trading of cryptocurrencies with international exchanges.
Some EXMO features and products mentioned within this EXMO review may not be available to traders from certain countries because of legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
EXMO Review: Trading Platforms
The EXMO trading platform is convenient for retail and professional traders alike. It is easy-to-use with its minimalist design and adaptive grid. The trading platform gives users the opportunity to buy/sell/exchange cryptocurrency with fiat currency. The EXMO mobile trading app is compatible with Android and iOS devices and offers you easy access to the markets. It can be downloaded from the relevant app stores.
EXMO Review: Trading Tools
EXMO gives traders access to some useful trading tools that they require for seamless trading experience. These include API, which is a reliable tool for cross-platform trading bots and the OTC-Trading Desk.
EXMO Review: Education
A good selection of educational resources is made available to traders. The educational resources are easily accessible from the exchange’s website, and they include News, Articles, Tutorial Videos, and the FAQ section.
EXMO Review: Trading Instruments
EXMO offers over 182 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Ripple, Cardano, Cosmos, DASH, and many more, for online trading via the provided trading platform.
EXMO Review: Trading Accounts & Fees
EXMO offers clients a live trading account for trading and exchanging cryptocurrencies.
As broker fees can vary and change, there may be additional fees that are not listed in this EXMO review. It is imperative to ensure that you check and understand all of the latest information before you open an EXMO broker account for online trading.
EXMO Review: Customer Service
The Exchange has a professional customer support team that is available 24/7 and can be reached via email, Live Chat, social media, or by visiting the team’s office in London.
EXMO Review: Deposit & Withdrawal
Clients can deposit and withdraw funds to and from their trading accounts using any of the following payment methods:
- Credit/Debit Cards (Visa and MasterCard)
- Wire Transfer
EXMO Review: Account Opening
Prospective traders who wish to open a new trading account with the Exchange can do so easily by following the steps below:
- Click on the ‘Registration’ button
- Fill out the form
- Submit by clicking on ‘Sign Up’
Once your account has been created, you can fund it and start trading when you are ready.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
EXMO Review: Conclusion
EXMO is an established cryptocurrency exchange that operates from London, offering traders over 182 cryptocurrencies for online trading through its proprietary trading platform, which has a mobile version for Android and iOS devices. There is a variety of educational materials available to clients, as well as a dedicated customer support team. However, EXMO is unregulated which may be a red flag for some potential clients. You may wish to view our best crypto brokers for regulated alternatives.
The risk of loss in the exchange of crypto assets can be substantial, and therefore you should understand the possibility of losses associated with the exchange of crypto assets and must assume responsibility for all the risks associated with such exchanges and for their results.