The bitcoin derivatives business is rapidly expanding, and a flurry of platforms are competing for the most creative trading products. While conventional platforms continue to control the industry, there is a wave of new brokerage firms that provide an alternative to the usual crypto futures trading experience. In this EuroXN review, we’ll take a look at EuroXN, a cryptocurrency broker that wants to differentiate itself by offering contracts linked to commodities, indices, and FX markets, as well as derivatives tied to other crypto assets. Before digging deeper into the many features of the EuroXN platform, let’s quickly review some of the platform’s major benefits and drawbacks:
The benefits of trading cryptocurrencies with leverage on EuroXN include:
- Assets are available that are linked to cryptocurrencies, indices, commodities, and currency markets.
- Deposits with four different cryptocurrencies are accepted.
- Excellent demo trading execution
The range of crypto assets is narrower than that of certain rivals. But in terms of trading assets reliability, EuroXN has done an outstanding job of differentiating itself from its counterparts. EuroXN’s bitcoin trading assets are everlasting contracts, which cryptocurrency derivatives traders are quite familiar with. In EuroXN, users may select between solitary and gross margins. The platform offers a wide range of cryptocurrency-related contracts, including contracts priced in USDT for several cryptocurrencies.
This list covers the main cryptocurrencies and should be adequate for the vast majority of traders. Users of Bitcoin and Ethereum have the option of selecting “inverse” contracts. In brief, this enables traders to utilize BTC as margin for Bitcoin-based contracts and ETH as margin for Ethereum-based contracts. EuroXN, on the other hand, offers Bitcoin and Ethereum contracts denominated in USDT.
Limits On Leverage
Depending on the asset you wish to trade, EuroXN has varying leverage limits. The highest leverage of the BTC/USDT contract is 150x, which is more than that of most rivals. Ethereum has a maximum leverage of 100x. The leverage limitations for EuroXN’s alternative cryptocurrency-based contracts are 50x or 35x.
The maximum allowed leverage for stocks and indices is 100x. For currency pairs with reduced price volatility, this threshold has been increased to 300x.
EuroXN’s strategy to their trading platform is conventional – while there are no significant enhancements over rivals in this area, the interface will seem familiar to anybody who has ever used an online trading platform. The complex webpage can confuse traders and complexity leads to giving up and choosing another platform.
This broker offers 4 different account options for the customers. These accounts are set to meet the criteria of traders. If a trader is new, he can go with a Junior account that only needs 200 dollars to open. While expert traders can go with an Executive account or Presidential account. The senior account is to cater to those traders who have intermediate experience in online trading.
Without research, online trading will always be a loss. To have a money-making experience you should learn first. EuroXN offers education assistance in form of ebooks, video courses, seminars, and webinars, so anyone can choose the training method he/she prefers.
Security Of EuroXN
We haven’t discovered any evidence of EuroXN’s security flaws, but it’s important to note that the platform is quite young, so it hasn’t had an opportunity to develop a lengthy track record in terms of security.
On the EuroXN platform, several features are provided to help users secure their accounts. This includes a new account password as well as two-factor authentication using Google Authenticator. SSL and KYC are now added to secure traders’ information. KYC ensures that the platform will not be used for any illegal activity, such as money laundering or terrorism fundings.
Overall, EuroXN has provided a compelling platform for traders seeking a cryptocurrency-powered leveraged trading platform. EuroXN’s finest features are its broad choice of trading products and excellent execution of the demo trading function. We’d want to see EuroXN publish more cryptocurrency contracts to catch up to some of its larger rivals.