Protecting traders from bad investment companies is quite challenging nowadays, primarily because there are tons of bad firms out there. For inexperienced traders, it’s a nightmare. Luckily, there are hints that you can always watch out for.

Low transparency, a lack of regulatory oversight, customer support, etc. These combined details give you a bigger picture you should consider. To avoid wasting time on that, simply read our ECXX review.

Legal Info: Is ECXX Legit?

As a centralized crypto exchange founded in 2018, the company had quite a lot of time to build a good reputation. With headquarters in Singapore, the brand operates under the ownership of Ecxx Global Pte. Ltd. The first agency that should monitor the company’s services should be the Monetary Authority of Singapore (MAS). Yet, this exchange is not found in their database.

What’s even worse is that you can’t find this exchange in any other top-tier regulatory database, such as SEC, ASIC, or FCA. Therefore, investing any money with them could result in huge losses. Not the ones during trading but the unexpected ones.

Who Are ECXX’s Clients?

As can be seen, there are no publicly available ECXX reviews. Instead, the company presents us with a few on its website pointing out good service. However, there’s no proof of that. And on top, you can highly doubt it when you see their most active countries. These are: 

• United States
• Singapore
• Bangladesh

If you don’t understand why targeting US traders is not the best move, read our Finanzwelt.pro review. Trading in countries without authorization is a huge red flag. In case you get involved with such a company, our refund experts are available for consultation.

Trading Fees With ECXX Exchange

Generally speaking, ECXX Global Pte. Ltd offers quite attractive fees. With fixed rates of 0.2% for makers and takers, they can easily compete with top-tier platforms. Withdrawal fees are also fixed on all levels. For instance, the withdrawal fee for Bitcoin is 0.000025 BTC.

But with their poor offer, everything is highly speculative. Check out our Swapsimple review to understand why a broader offer makes a big difference.

         Bonuses

Usually, companies tend to offer bonuses when they want to motivate users. For instance, to stake proprietary coins, purchase newly released coins, etc. In general, those are small amounts but still big for a company.

With ECXX, there are such offers for the IEO (Initial Exchange Offering). In this case, it’s a 5% bonus for purchasing the supported token. Thus, we wouldn’t recommend you test this out without being sure if ECXX is legitimate.

ECXX Trading Features

With the mentioned IEOs, traders have quite solid options to be first on some deals. However, if those deals are not reliable, it’s not worth it.

Anyway, the company offers only staking and trading features with quite poor token offers. Nothing that would make any trader compare them with top-ranked exchanges.

         Trading Platforms Available

It’s quite surprising that everything in the ECXX crypto exchange is web-based. No matter what feature you choose. Sadly, that’s all the danger, considering the lack of regulations. Quite easily, the company can make traders believe unrealistic results. Therefore, pick a licensed company for maximum safety.

         Available Trading Assets

Besides poor security, the worst part is the poor instrument offer. With only 20 cryptocurrencies available, which are the most popular ones, they can hardly be attractive to users. Especially with so many more interesting offers out there.

Instead, you can trade here only: 

• Bitcoin
• Ethereum
• Litecoin
• Dogecoin and a few more.

         Account Types

Account types are quite rare with crypto exchanges. There are usually three different levels that depend on your balance or 30-day trading volume. Here, it’s not precisely revealed.

Anyway, the problem is that the requirements for those levels are not mentioned anywhere. The only benefit you get is a higher withdrawal limit. But it’s not clarified if it’s daily or overall.

         Mobile Trading App

With the missing ECXX app, the company loses the credibility of a reputable crypto exchange. Nowadays, every company tends to develop trusted apps. So, why would you bother trading via browser? Especially if you use multiple wallets, analytics platforms, or news feeds.

         Demo Account

Generally, this company’s features are quite simplified. Therefore, after using your ECXX login credentials, you can’t expect demo accounts, especially since leveraged and margin trading are not on offer.

         Education

Important to realize is that the company doesn’t provide any educational material to its users. As a stable and secure platform, they should do so. Otherwise, they can present traders with any nonsense they want. Of course, without adequate crypto knowledge, they can easily believe it.

ECXX Withdrawal

As can be seen, the withdrawal process is not mentioned on the company’s platform. Consequently, we are not surprised by negative comments on ECXX Reddit. Overall, with missing transparency and regulations, anything is possible. Even withdrawal fees change without prior notice.

Customer Support

Apparently, customer support is available 24/7, but only via Telegram and Discord channels. However, when you try opening the app from the website icon, it leads you to the beginning. Seems like it’s all falling apart slowly.

Key Information To Consider About ECXX

With no tokens in circulation, a shady platform, and missing regulations, it’s clear this company is not the best choice. Simply, with zero credibility and security features, you can only expect issues. Not to mention disappeared customer support.

All in all, if you have funds with this exchange, we suggest you withdraw it. Since potential issues can happen, you can get a free consultation for refund options as well. Send us a quick message and book yours already today.

FAQ Section

What is ECXX?

ECXX is a Singapore-based centralized crypto exchange that has been offering its services since 2018 without any worldwide authorization.

Is ECXX Legit?

No. The company operates without regulations, misleads traders with reviews, and offers suspicious platforms without mobile app support.

What Are the Fees for ECXX Exchange?

Trading fees are fixed at 0.2%, but don’t let that delude you. If you experience any trouble withdrawing your money, get in touch for refund advice right away.