What broker to trade btc through not named Phemex

anel2ka

Junior member
18 1
Been advised Phemex were decent (I'm in the UK).

Placed a couple 100x trades in the Phemex btc market for what looked liked cv.2k GBP realised P&L only to see 'exchange fees' more than offset my realised trade P&L and put me net in the red!!!! Outrageous. Left a really bad taste in the mouth, but I really need to take advantage of some of these crypto opps; it's a shame that IG prohibit anyone not a professional.

Any suggestions guys?
 
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LuckyMac

Junior member
45 9
Been advised Phemex were decent (I'm in the UK).

Placed a couple 100x trades in the Phemex btc market for what looked liked cv.2k GBP realised P&L only to see 'exchange fees' more than offset my realised trade P&L and put me net in the red!!!! Outrageous. Left a really bad taste in the mouth, but I really need to take advantage of some of these crypto opps; it's a shame that IG prohibit anyone not a professional.

Any suggestions guys?
I use CedarFX. They are solid for cryptos. I have trade BTC and ETH on there without any problems. Have 0% commission accounts too which is helpful for small accounts
 

sebking1986

Junior member
34 10
Been advised Phemex were decent (I'm in the UK).

Placed a couple 100x trades in the Phemex btc market for what looked liked cv.2k GBP realised P&L only to see 'exchange fees' more than offset my realised trade P&L and put me net in the red!!!! Outrageous. Left a really bad taste in the mouth, but I really need to take advantage of some of these crypto opps; it's a shame that IG prohibit anyone not a professional.

Any suggestions guys?
Personally I use Hugosway if you are looking to leverage. Same max leverage as you had by the looks of it at 1:100. Spreads are pretty reasonable and fees aren't bad. Few hours for withdrawals which is nice and they have been around for a good few years now.
 
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momo3HC

Active member
151 48
I’m using EagleFX for around 2 years already and i’m satisfied. Good spreads, fast withdraws, responsive client support and good variety of crypto pairs. That’s all i need. You can check them too.
 

pezza55

Junior member
27 5
As people metioned you need to go with a broker known for crypto trading. People will talk about regulations but crypto is not so why would the broker you use. They offer the best out there and still have good reputations. Personally i have use Hugosway for some time with crypto now and love there honest platform. Well worth checking out.
 

anel2ka

Junior member
18 1
Thanks for replies.
Will check those you mentioned out.
Surprised no one mentioned bybit.
Happy trading folks
 
 
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