Review on EO.Trade by Killer Bean
I'm doubtful about this exchange, don't trade here
EO dot trade is a crypto-crypto and a fiat-crypto exchange that has been in existence since 2019, it is a licensed exchange from Estonia. It is still an accessible exchange though with an unattractive interface and design, the exchange also claims to be using encrypted servers which reduces the likelihood of the exchange being hacked and even provides a live chat feature for its users. There is an affordable fee of 0.2% for makers as well as takers, accompanied by up to 50% discount if its native token, EO coin is used. With all these nice features, I still didn't trade on the exchange.
The trading volume is not known or verified on CoinMarketCap, this means we can't define its liquidity at all. The exchange also has an inactive telegram group and channel which shows that the exchange isn't really serious.
The twitter account as well has less than 600 followers, this shows that the exchange has a low social media presence. Upon further research, I stumbled upon am article which showed that EO trade as well as Expert Option™ were both part of the same EO cloud technology. What baffled me was that, " if truly this exchange was from Expert Option ™,why wasn't it developed and even well recognized?"
Pros
- The exchange has a nice trading fee of 0.2%
Cons
- Be careful around this exchange, it's displaying features of a scam project
