On this occasion, we are going to review the most important points of one of the cryptocurrency exchange platforms that are giving the most talk today. Margex is a reliable tool with very good reviews from investors, and one of the most promising platforms today.
It can operate in different markets, through the direct purchase and sale of cryptocurrencies, as well as its Wallet so that you can safely store your tokens once the purchase has been made. In addition to this, it allows access to trading tools, such as market alerts.
It also has leveraged trading and margin trading, two modes that facilitate operations and maximize the results of operations carried out through the platform, whether it is a purchase or a sale, although, being an Exchange and Not a broker, leveraged trading allows you to buy more crypto money from a smaller amount of fiat.
Margex offers its users different types of tools, including highly versatile customizable bar and line charts that allow technical analysis. In addition to this, it also allows access to different indicators, which you can use directly in the trading interface, some such as the Ichimoku cloud, the moving average, and the composite moving average, as well as many that will allow you to obtain much more accurate predictions with better results. opportunities to obtain favorable results.
Two tools can be just as valuable as charts, and these are an order book and a history of your last few trades. In them, you can see all the movements you have made, including trading commissions and your results. Of course, you can also know the performance of your cryptocurrency purchases thanks to the order book, and decide when you should or should not sell, if it is within your plans to receive profits in Fiat currency or if you prefer to keep your funds in form of cryptocurrencies.
This feature, as its name suggests, will get price alerts for popular cryptocurrencies, which will come to you in the form of messages or notifications if you have downloaded the app. These alerts will let you know when a cryptocurrency that is or is not in your possession has reached a price previously set by you or when it is close to it so that you can program a buy or sell position accordingly.
Thanks to the advanced Margex system, all operations are recorded at the time they are made, so that the slippage phenomenon is prevented, one of the main disadvantages of carrying out operations with cryptocurrencies is that they usually take time to become effective thanks to the way the blockchain works.
As for the Margex commissions, we find that they are quite fair, for trading operations we have the Maker fee and the Taker fee, the first is 0.019% for limit orders and the second 0.060% for market orders.
For trades outside of market hours or funding hours, an 8-hour period between 8:00 a.m. and 4:00 p.m., however, rollovers of trades that were not closed after the specified hours will go to cutoff. the next day and no extra charges will be generated. These can vary and with each operation, you will be able to see their ratios every time you try to do one of these operations.