Review on StormGain by Joseph Bello
The Exchange That Has One Of Highest Leverage Trading
StormGain is a fast developing exchange ,it is a centralised exchange located in Seychelles. It is one of the best exchange that came up in the year 2019. I sign up and registered for this exchange some months ago by providing an active e-mail together with my phone number and then I created & entered my own unique password,the whole registration process was concluded in less than a minute,this left me in complete awe and also triggered my eagerness to start trading on the exchange. The exchange use a leverage trade of 200x multiplier,the leverage is high and so there is a 50/50 chance of getting great profits and outrageous loses, so I will advice beginners not to try it to avoid running into debts. The exchange has a demo trading section for beginners to learn about virtual trading and also have the opportunity to become an expert trader. The user interface was intuitive and I found it easy to understand,the withdrawal fees of 0.1% is an attractive offers to many traders but the flat fees of 0.25% doesn't look really good to most makers and takers ,I feel they should make an adjustment on the flat fee. Being a new exchange they are still adding some altcoin to their exchange trade list to increase the exchange's liquidity and attracted many other users to the exchange.
It is one the the upcoming exchange which I surely believe will rise to contend with other top exchanges.
Pros
- They have a good leverage fee
- It has a simple user interface
- Provides adequate security
- Makes use of 2 factor authentication
Cons
- The exchange is not yet available to U.S citizens
- The exchange's flat fee is high
- It is a centralised exchange
