About FmFw Cryptocurrency Exchange
FMFW.io (FMFW stands for “Free the Money, Free the World”) is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, they offer an attractive platform for trading any cryptocurrency.
How To Sign Up & Start Trading
| Exchange | Details |
|---|---|
| Exchange Name | FmFw |
| Exchange Type | Cryptocurrency |
| Withdraw | 0.000046 |
| Support | 24/7 |
| Langugae | English |
| Taker Fee | 0.50% |
| Maker Fee | 0.50% |
| Website | Homepage |
How To Sign Up & Start Trading
FMFW.io Trading fees
Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.
This platform charges both makers and takers 0.50% per trade. These fees are more than double the global industry average fee levels for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%.
FMFW.io does also have a trading fee discount table, whereby your trading fees are reduced as your trading volume during the preceding 30-day period increases. If you would be one of the crypto whales out there and trade for more than USD 1 billion during the preceding 30-day period, you would be able to reduce your trading fees down to 0.01% in taker fees and 0.00% in maker fees. We imagine that very few traders reach such volumes though. But even if you’re preceding 30-day trading volume is only USD 10,001, you get some discount. The details are set out in the below table:
FMFW.io Withdrawal fees
To our understanding, FMFW.io does not charge any fees of their own when you withdraw crypto from your account at the platform. Accordingly, the only fee you have to think about when withdrawing are the network fees. The network fees are fees paid to the miners of the relevant crypto/blockchain and not fees paid to the exchange itself. Network fees vary from day to day depending on the network pressure. In general though, only paying the network fees should be considered as below the global industry average when it comes to fee levels for crypto withdrawals.
Withdrawal Limits
Individual: $25,000 daily, $100,000 monthly;
Individual Pro: 100 BTC daily, no limits monthly.
Deposit Methods
FMFW.io lets you deposit cryptocurrency assets to the exchange, which is quite standard. However, they also let you purchase and sell crypto via debit and credit cards. Wire transfer, on the other hand, are not an accepted deposit method at this platform.
Margin Trading Fees
To keep your margin position open, you will be required to pay a small interest rate daily. This applies regardless of if you are shorting or going long on an asset. The rates are as following:
| Name | Ticker | Daily Interest Rate |
|---|---|---|
| Tether | USDT | 0.099% |
| Bitcoin | BTC | 0.024% |
| Ethereum | ETH | 0.027% |
| Ripple | XRP | 0.027% |
| Bitcoin Cash | BCH | 0.018% |
| EOS | EOS | 0.021% |
| TRON | TRX | 0.039% |
| Cardano | ADA | 0.042% |
| Litecoin | LTC | 0.021% |
| Zcash | Zec | 0.030% |
| Stellar | XLM | 0.021% |
| Monero | XMR | 0.081% |
| NEO | NEO | 0.021% |
| VeChain | VET | 0.021% |
| QTUM | QTUM | 0.021% |
| Binance Coin | BNB | 0.021% |
FMFW.io Mobile Support
Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. If you are one of those traders, you’ll be happy to learn that FMFW.io’s trading platform is also mobile compatible. You can download it to/from both the AppStore and Google Play.