CEXBro.com: Review of the platform for cryptocurrency CFD trading

Table of contents:

• About CEXBro. How does the platform work?

• Pros of using the platform.

• Available cryptocurrencies, pairs, and order types.

• Who are CEXBro users? 

• Can CEXBro be a scam? What about security and legal protection?

• The conclusion.

About CEXBro. How does the platform work?

CEX.IO Broker (also known as CEXBro) is a platform for digital assets margin trading based on Contracts for Difference (CFD). Accessed via the site CEXBro.com, it is the regulated, cryptocurrency-first derivatives platform for the EU residents. 

CEX.IO Broker is a product within CEX.IO, one of the biggest cryptocurrency exchanges, based in London and rated A by CryptoCompare.

CEX.IO ecosystem offers:

• Margin trading with CEX.IO Broker

• Spot trading with CEX.IO Exchange

• CEX.IO Mobile app

• CEX.IO Staking program

• Instant Buy and Sell via credit or debit card 

• Aggregated cryptocurrency liquidity for professional traders

• Payment gateway for businesses.

A part of the ecosystem, CEX.IO Broker is also a full-fledged independent service.

Pros of using СEX.IO Broker

Flexible trading with CFDs

Contracts-for-Difference (CFDs) is an instrument allowing traders to trade in price movements of an asset without actually owning that asset. Namely, you can trade any pair from the presented on CEX.IO Broker platform even if the currency of a pair does not correspond with the currency of your balance (EUR).

CFD implies trading on margin, that is, the use of borrowed funds. In such a way, CEX.IO Broker allows you to operate with more capital than you actually own. 

Opening a position with CFDs, you anticipate that the price of an underlying asset will go up or down. Closing a position, you fix a profit or a loss generated as a result of price movements.

Trading with CFDs allows users to earn both from the rise and fall of cryptocurrency prices, which makes trading more flexible than operations on a spot market.

Multiple accounts for one user

Yes, it’s not a mistake, every user on CEX.IO Broker can open up to 10 different subaccounts to execute different trading strategies. Separate subaccounts allow you to work with different trading strategies and isolate their risks. 

While creating subaccounts, you can choose the parameters of your trading on each of them. That way you can experiment, test hypotheses, and execute proven strategies on separate subaccounts, preserving your profits and limiting possible losses.

Aggregated liquidity on the platform

CEX.IO Broker uses the liquidity aggregated from the largest cryptocurrency exchanges to execute clients’ orders. Many platforms work only with the liquidity provided by users within the platform itself, in which case it may take longer to execute a trade.

Using aggregated liquidity from the liquidity providers, improves spreads, decreases slippages, and allows you to successfully execute orders of any size. 

Cross and isolated margin

Both cross and isolated margin are presented on CEXBro platform:

- Different trading subaccounts are completely independent and protected with an isolated margin. You can easily implement different strategies without fear that losses from one account will be transferred to another account with a positive balance. Profits and losses of subaccounts are isolated from each other.

- All the operations inside one subaccount are linked with the cross margin. In cross margin, the gains of one position help satisfy the margin requirements of the other position. Thus, inside one subaccount, the positions with gains help not to liquidate the money-losing positions.

At CEX.IO Broker it is always a cross margin within one trading account and an isolated margin between different subaccounts. You can deploy your strategy the way that you can benefit from both cross and isolated margin.

Available cryptocurrencies, pairs, and order types

Fiat support: Yes.

Available pairs: BTC/USD, BTC/EUR, ETH/USD, ETH/EUR, ETH/BTC, LTC/USD, LTC/BTC, USDT/USD.

Available order types: Market, Limit, Stop, OCO (One-Cancells-the-Other), Stop-loss, and Take-profit.

Who are CEXBro users?

CEX.IO Broker is suitable for traders with different levels of experience. The platform provides access to the professional trading environment while the interface remains intuitive and understandable. 

CEXBro users are:

- Crypto enthusiasts who are in search of extra income from trading;

- People who are looking for new financial strategies in new markets or with new instruments;

- Cryptocurrency traders with a willingness to increase their trading flexibility;

- Forex traders entering the cryptocurrency market;

- Investment managers who want to hedge some of their positions using derivatives.

Can CEXBro be a scam? What about security and legal protection?

CEX.IO Broker has received a market-making CIF license from the EU-based regulator, the Cyprus Securities and Exchange Commission (CySEC). This license authorizes CEX.IO Broker to operate as a Cyprus Investment Firm (CIF) and to provide investment and professional trading services – including but not limited to transferable securities, derivatives, and foreign exchange – within the European Union under the MiFID II framework.

Obtaining a license means the company complied with the relevant requirements from the regulator. It also means that the users of the service are protected by the EU regulations.

Given that the information about CEXBro.com (the approved domain) checks out in the government agency’s website, CEX.IO Broker cannot be a scam. In order to maintain the license, the company remains accountable to the regulator and has to report it’s continued compliance with the license requirements.

The conclusion

Margin trading is considered an advanced strategy. It offers increased potential returns, but also implies greater risks. 

That’s why a trader’s success is not determined by how good the platform looks, but rather how effective it enables the user to interact with the market.

CEX.IO Broker underwent a lengthy period of closed beta testing and, in its materials, the team explains how they improve trading for users.

Since the creation, CEX.IO Broker platform has gone through significant changes not only in the user interface but also in how efficiently the platform performs. While more features can open more opportunities to users, things like deeper liquidity, better order execution logic, lower latency, all improve the trader’s very experience with the market. 

Put it simply, CEX.IO Broker is a legit and easy-to-use platform. Can be recommended for both novice and seasoned traders!