The cryptocurrency market continues to evolve rapidly, with new exchanges emerging all the time. One such platform is Zoomex, established in 2021 to provide a user-friendly and secure environment for crypto trading.
Dive into our comprehensive Zoomex review, where we delve into the platform’s cutting-edge trading features, robust security measures, and transparent fee structure. We’ll also examine its potential advantages and limitations, providing you with all the insights needed to determine if this exchange is the perfect fit for your trading needs.
Key Takeaways:
- Zoomex is a spot and futures cryptocurrency exchange with other advanced features like copy trading, leverage trading, and no KYC trading.
- It offers a derivatives market with up to 300 futures contracts, including USDT perpetual and inverse perpetual contracts, with leverage of up to 150x for some trading pairs.
- Zoomex utilizes multi-signature wallets, 2FA, and advanced security protocols to ensure the safety of users’ assets, with 24/7 multilingual customer support.
Zoomex Exchange Overview
Zoomex is a popular derivatives trading platform launched in 2021. It aims to deliver a smooth trading experience and strong security protocols. The platform is designed for both beginners and seasoned traders, offering a variety of advanced charting and trading tools.
It supports over 300 perpetual contracts and has a significant user base with 2 million registered users from 30 countries. The platform handles a large trading volume, with over $5 billion traded in the last 24 hours (at the time of writing).
One of the key features of Zoomex is its high-speed trading interface, which has a latency of less than 10 milliseconds, ensuring a fast and efficient trading experience. The platform offers various services, including spot trading, derivatives trading, and decentralized exchange options. You can also participate in copy trading and use the mobile app for trading on the go.
Pros of Zoomex
- No KYC trading, without requiring personal information
- Trading fees are customizable based on the user, which other exchanges do not offer
- They provide customer support around the clock, which can help resolve any issues
- Fast and convenient deposit and withdrawal services for various cryptocurrencies
- Unlike some exchanges, Zoomex does not issue its own tokens, avoiding potential conflicts of interest
Cons of Zoomex
- Limited fiat currency deposit channels
- Some advanced trading features like margin trading and options trading are not available
- Does not support automated trading bots and staking services
Zoomex Features: Why Choose Zoomex?Advanced Derivatives Market
Zoomex Exchange offers a robust derivatives market designed for various trading strategies. This market includes different types of contracts, such as USDT perpetual and inverse perpetual contracts.
- USDT perpetual contracts are settled in USDT, a stablecoin pegged to the US dollar. These contracts enable traders to go long or short without an expiration date.
- Inverse perpetual contracts are settled in the underlying cryptocurrency, such as Bitcoin or Ethereum, rather than in a stablecoin. This means that profits and losses are realized in the cryptocurrency itself.
To trade derivatives, it also offers two margin modes: cross margin and isolated margin.
- In cross-margin mode, all available balance in the trader’s account is shared among all open positions to prevent liquidation.
- In isolated margin mode, the margin is limited to the amount allocated to each position. If the position is at risk of liquidation, only the isolated margin is at risk, protecting the rest of the trader’s funds. So, if you are a beginner, we recommend starting with an isolated mode to reduce exposure and risk.
Zoomex offers up to 300 futures contracts. This gives traders many different trading options. Traders can use leverage up to 150x.
Copy Trading
Zoomex’s copy trading feature lets you copy the trades of expert traders, called master traders. This helps beginners make profits without having to know a lot about trading. How it works: when you choose a master trader to follow, your account will automatically copy their trades in real-time. This means no trading knowledge is required.
Some of the benefits are:
- Transparency: You can see detailed information about master traders, such as their past performance and trading strategies. This helps you choose the right trader to follow.
- Hands-Free Trading: You don’t need to constantly watch the market or manage your trades.
- Earnings: Master traders can earn up to 3,000 USDT in monthly bonuses based on their trading success and follower count, on top of their own trading profits.
