Summary
This 2024 Zoomex review talks about one of the fastest-growing cryptocurrency platforms. We assess its strengths and weaknesses, analyze its multiple features, and give a balanced judgment based on the customer’s overall value. So let us go through this Zoomex review to help you decide whether it is an appropriate platform for your cryptocurrency trading.
What is Zoomex?
A Hongkong-based cryptocurrency trading platform, Zoomex, was set up in 2021. It is known for its state-of-the-art technology that enables cheap access to numerous crypto futures with pairs trading like USDT/BTC. With devotion to customers’ needs, Zoomex strives to provide the most favorable trading conditions and boasts ‘the lowest industry fees’.
Zoomex has brought together professionals who have worked at Bybit and Binance as testimonials supporting their claims. The World Series of Trading (WSOT), for instance, is a gaming event that makes global collaboration possible while making the process more attractive and accessible for all traders.
Features of Zoomex
Zoomex makes itself different through various features in order to better the experience of crypto trading by constantly growing as a new platform in the sector.
● Leverage crypto futures
Zoomex provides up to 100x leverage on crypto futures, allowing users to maximize profits while increasing the risks related to margin trading—this is particularly true for beginners.
● Security
Zoomex has security at its core, with a multi-signature system and both cold and hot wallet options available for asset protection.
● Lucrative Competitions
As part of its participation in the World Series of Trading, Zoomex organizes a competition with a $6,500,000 prize pool that rewards fair play, where teams compete on profit/loss percentage.
● Multilingual Support
Multilingual support improves user accessibility, catering to international clientele in languages like Korean, Japanese, Mandarin, and German.
● Accessible to all
Users can buy crypto directly via Paxful using fiat currencies such as euros or USD, making it accessible.
● Mobile App Functionality
Available on iOS and Android devices, their mobile app reflects the functionality of the web platform for seamless trading, fund management, and customer support, all within one free, flexible application specifically designed for traders on-the-go’s convenience.
Zoomex Signing Up Process
It is easy to sign up for Zoomex compared to other players in this sector. To create your first account at Zoomex, visit Zoomex.com and go to the section where you can sign up. From here, you will be able to decide whether you want to register through your email address or mobile number. After that, one can develop a strong password for the account’s security.
Once you have successfully completed your registration on Zoomex, many of its platform functions become available. However, full access is only given after providing additional KYC information such as name, nationality, ID number, and facial verification proof. This ensures compliance and enhances security measures, thus giving users a complete and safe trading experience on Zoomex.
Minimum Investment
Zoomex does not specify any minimum investment amount, even though it encourages users to make the most of the various incentives available for higher trading and deposit amounts. For instance, Zoomex regularly unveils exclusive promotions via its reward hub.
For new clients who deposit $10,000 or an equivalent in other currencies, there is an opportunity to get $200. Also, by using the referral code “Every Bit Helps” during sign-up and depositing a total value of $200 or an equivalent asset with a trading volume of ≥$1,000, they qualify for rewards such as earning 10 USDT and potentially winning 1000 USDT worth of Trading Rewards.
Trading Instruments Available
Zoomex provides a wide range of trading options designed to suit various market tastes. Currently, users are able to conduct transactions on over 50 pairs of alternative coins, among which USDT and BTC are prominent.
These options are divided into two main categories: inverse perpetual and USDT perpetual, each serving distinct trading purposes.
Inverse perpetual pairs involve using the underlying cryptocurrency as a margin for trading, with the coin itself being the collateral. Popular among these pairs are BTC/USD, ETH/USD, and EOSUSD. These assets come in the form of perpetual contracts because they have no expiration dates and do not need contract rollovers once held.
On the other side, USDT-perpetual pairs use USDT (Tether) as a margin. All pairs in this category are tied to stablecoin USDT, such as those like BTCUSDT, ETHUSDT, or MANAUSDT. Similar to inverse perpetual pairs, these contracts last forever since they don’t expire.
The majority of tradable instruments on Zoomex belong to USDT perpetual pairs, hence giving users flexibility and stability in their trading strategies.
Zoomex Fees
Zoomex is proud of its low fees and, hence, has positioned itself as one of the cheapest options in the market. This does not mean that Zoomex charges customers for each transaction carried out by them. They begin at 0.06% and 0.02%, respectively, for taker orders and maker orders.
Every cryptocurrency comes with different withdrawal fees and limits, based on the particular network employed. Additionally, there is a table with all trading fees contained in it that may be accessed by users who wish to have more information about this matter, as outlined in the Zoomex flagship standard account.
Customer Support
Zoomex provides strong support through multiple channels. The website has detailed guides as well as a FAQ section meant to answer common questions about the platform. Or else, they can request assistance using the helpdesk.
Furthermore, Zoomex also provides multilingual support services that are aimed at serving an international audience base consisting of clients from different countries all over the world, including Deutsch, Korean, Mandarin Chinese, and Japanese, thus ensuring that traders get any help regarding their accounts or some general forex guidance if needed.
Final Thoughts
Zoomex has achieved remarkable milestones in a short time and should be given serious attention for its offerings, even though it needs to improve UX design for its website. The platform distinguishes itself with low trading fees along with attractive features like 100x leverage, which means excellent value for customers looking to get into the crypto market. Supported by an expert team, Zoomex is set for immense growth and innovation in the forthcoming years.
- High liquidity with an average daily trading volume of $200 million, as reported by CoinMarketCap.
- No KYC (Know Your Client) procedure required.
- 24/7 technical support available.
- Access to trading underlying assets and derivatives.
- The selection of instruments for spot trading is less varied compared to other exchanges.
- The mobile app offers a limited range of technical indicators compared to the web platform.
- Copy trading is exclusive to futures trades, with the spot market reserved solely for active trading.
