FMFW.io Overview
FMFW.io, registered in Saint Kitts and Nevis, underwent a rebranding from Bitcoin.com Exchange on September 29, 2021. The name FMFW stands for "Free the Money, Free the World."
Advantages of FMFW.io
The platform emphasizes its key advantages, focusing on security, speed, and dedicated 24/7 customer support.
Mobile Trading Support
While desktop trading is often preferred, FMFW.io caters to mobile users by providing a mobile-compatible trading platform available on both the AppStore and Google Play.
US-Investor Restriction
Due to regulatory concerns, FMFW.io does not accept US investors, adhering to Securities Exchange Commission (SEC) regulations.
Leveraged Trading
FMFW.io offers leveraged trading, specifically perpetuals with a maximum leverage level of 10x. However, caution is advised due to the potential for significant gains or losses.
Trading View
The platform features a comprehensive trading view where users can analyze price charts, place orders, and view order history, all within the same desktop interface.
Trading Fees
FMFW.io charges both makers and takers a flat fee of 0.50% per trade, which is higher than the global industry average for centralized exchanges.
Fee Discount Structure
A trading fee discount table is implemented, allowing users to reduce fees based on their trading volume over the preceding 30-day period.
Withdrawal Fees
FMFW.io reportedly does not charge withdrawal fees, with users only responsible for network fees associated with cryptocurrency withdrawals.
Deposit Methods
The platform supports cryptocurrency deposits and allows users to buy/sell crypto using debit and credit cards. However, wire transfers are not accepted.
Entry-Level Exchange
With the inclusion of fiat currency deposits, FMFW.io is considered an "entry-level exchange," providing a starting point for new crypto investors.
What are the trading fees on FMFW.io?
FMFW.io charges both makers and takers a flat fee of 0.50% per trade, which is higher than the global industry average for centralized exchanges.
Does FMFW.io offer leverage trading?
FMFW.io offers leveraged trading, specifically perpetuals with a maximum leverage level of 10x. However, caution is advised due to the potential for significant gains or losses.
