How to deposit in a Margex account With more than 380 registered crypto derivatives trading exchanges out there, finding the best crypto exchange can be a huge challenge. You need to consider myriad factors, such as trading fees, trading interface, leverage, deep liquidity, and more.

Margex is a relatively new cryptocurrency exchange founded in 2020 in Seychelles. Since its launch, it has been gaining massive popularity in the crypto space. It offers some unique features to traders, such as advanced price manipulation protection and wallet whitelisting.

So, how does the Margex exchange stand against other popular crypto exchanges in the market? How to deposit in a Margex account.

Margex Exchange Review: Supported Cryptocurrencies and Trading Pairs

Margex supports futures trading on six trading pairs. These include:

• BTCUSD
• ETH USD
• XRP USD
• EOS USD
• LTCUSD
• YFI USD

Margex offers traditional futures contracts and perpetual swaps.

Margex doesn’t publicly disclose its 24h traded volume, but since it’s a new exchange, the volume is likely less than other prominent exchanges like Binance and Bybit.

Margex Review: Product Offerings

Margex allows you to go long (buy) or go short (sell) on all the trading pairs.

Margex offers leverage trading with up to 100x leverage on all trading pairs. Hence, you can take positions worth USD 10,000 with an initial margin of USD 100.

While high leverage can sound tempting, it has its drawbacks. By taking high leverage, you expose yourself to a greater risk of forced liquidation, and hence, a greater loss. Therefore, it is recommended to use smaller leverage when trading crypto derivatives.

Furthermore, Margex enables you to use an isolated margin to know the liquidation price and better manage your risk(How to deposit in a Margex account).

Margex Order Types

Like most crypto derivatives trading exchanges, Margex supports three order types:

• Limit Order: In limit orders, you place an order by entering a specific price at which you want the order to be executed. Once the price reaches your desired price, your order will automatically execute.
• Market Order: A market order is executed at the current market price. Please note that a market order won’t necessarily execute immediately. The execution speed depends on the high liquidity.
• Conditional Order: A conditional order includes take-profit and stop-loss orders that allow you to manage better and control your trades.

Margex Trading Fees

Margex follows a market maker-taker fee model. If you’re new to the concept of market makers and market takers, this quick explanation will help.

Liquidity is an important element in cryptocurrency trading. Liquidity is determined by the number of orders currently in the order book. An exchange with deep liquidity will be able to execute more orders in less time.

When traders place a limit order (or conditional order that doesn’t execute immediately), it enters the order book, increasing liquidity. Such orders are called “market maker orders.”

When traders place a market order (or a limit or conditional order that executes immediately), it takes away the liquidity from the market. Such orders are called “market taker orders.”

Margex has a flat trading fee structure. It charges:

• Maker Fees: 0.019%
• Taker Fees: 0.060%

These fees apply to all futures trading contracts.

Unlike many trading platforms, Margex doesn’t have a tiered fee structure where the trading fee reduces as the trading volume increases. It also doesn’t have its native tokens like FTX exchange and Binance offers.

However, users can earn discounts and bonuses on Margex fees by participating in marketing campaigns(How to deposit in a Margex account).

Margex Trading Platform & Tools

Whether you’re an experienced trader or a beginner, having a clear idea of the features and functionalities of the trading platform is essential. Let’s discuss the key features of Margex’s trading platform and where it stands when compared to other popular exchanges.

• Desktop Trading Platform

Margex deploys a TradingView charting system, like most other exchanges in the market. On the left side of the trading panel, you’ll find the option to place orders. You can select the order type you want to place, your initial margin, and the leverage you want to use.

The panel also shows the real-time funding rate for perpetual swaps. You also get Buy and Sell buttons that allow you to go long or short. On the right side of the panel, you’ll see the order book that enables you to analyze market depth.

On the top, there’s a list of the crypto futures pairs available for trading. You can click on the pair name to open that pair’s live chart. At the bottom, you’ll find the following sections: Open Positions, Active Orders, Positions History, and Orders History, to better manage your orders.

On the topmost taskbar, you get the following options: Trade, Wallet, Settings, Referrals, and Support for seamless navigation.

• Technical Analysis

Effective technical analysis is the key to success in short-term crypto trading. Since Margex uses TradingView, it has all the major technical analysis tools. These include:

• Numerous chart types, including line, area, candles, Heikin-Ashi, and more
• Multiple time frames, from 1 minute to 1 day
• Hundreds of built-in technical indicators, with API support for seamless integrations
• Drawing tools to mark important levels and leverage price action

In addition, you get access to market depth, market cap, and other fundamental analysis indicators to make more informed trading decisions.

• Mobile App

With mobile trading on the rise, most exchanges have mobile apps to allow traders to get a superior trading experience on their mobile devices. Unfortunately, Margex is yet to launch a mobile app. Margex may not be the best pick for you if you prefer crypto trading on a mobile app.

However, Margex has a mobile-friendly website that offers the same trading interface and experience as the desktop version(How to deposit in a Margex account).

• Demo Trading

You may not be entirely comfortable in leverage trading with real money if you’re a new trader. Margex resolves this hurdle for you. The platform has a demo trading feature where you can trade real-time crypto markets with dummy currency.

Hence, you can formulate new strategies and test them. Once you gain confidence, you can begin trading with real money.