Top 6 Margin Trading Platforms in 2020

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To margin trade crypto with leverage is a highly profitable technique that is still not widely offered by the majority of crypto trading platforms. While it is commonplace in traditional fiat and forex markets, it is generally considered too risky to be applied to the volatile cryptocurrency markets and therefore it is rarely offered.

There is no denying that leverage does increase risk, and crypto-assets are a great deal more volatile than equity and forex markets. Nevertheless, crypto traders are increasingly eager to access the advanced trading strategy, to be granted the same opportunity to increase their profit potential.

With this risk acknowledged, crypto’s volatility can actually be used to a savvy trader’s advantage and can deliver significantly greater profits in a much shorter period of time, with only a fraction of the funds invested.

In case you don’t know how margin and leverage work, the margin is the amount of capital that is invested in a trade-in proportion to the total position held by utilizing leverage.

For example, if a trader took 100x, or 1:100 leverage with an account balance of $100, their position would increase to $10,000 — thus the margin is just 1%.

So any profit made is also multiplied by 100, which is profoundly rewarding; particularly when you consider that only $100 of the trader’s funds was risked to access such a profitable trade. If the trade is unsuccessful, losses are not multiplied by the leverage. Rather, the most that can be lost is the initial investment (before leverage was applied).

The leading crypto trading platforms to offer leverage on the market today are as follows:

1. BitMEX

  • Up to 100x leverage on XBT (BTC), ETH 50x, LTC 33.3x, ADA 20x, BCH 20x, and XRP 20x, all assets are traded against Bitcoin;
  • Both long and short positions;
  • Very high Bitcoin liquidity;
  • Only handles BTC, no fiat or other crypto’s, no deposit fee;
  • Advanced order types, including stop-loss;
  • Low fees of only 0.075% XBT, and 0.25% on all other assets;
  • No KYC.

2. Prime XBT

  • Up to 100x leverage on all available assets, which include BTC, ETH, EOS, XRP, and LTC;
  • Both long and short positions;
  • Aggregated liquidity to deliver the best price from 12 different leading liquidity providers in real-time and instant order execution;
  • Accepts BTC, USD, EUR, and a wide range of crypto’s as supported by Changelly, no deposit fees;
  • Advanced order types, including stop-loss;
  • Lowest fees of only 0.05%;
  • No KYC.

3. OkEX

  • Up to 5x leverage on BTC, ETH, EOS, ETC, and LTC, + up to 3x on DASH, QTUM, BSV, and NEO;
  • Both long and short positions
  • Accepts deposits in BTC, LTC, ETH, ETC, USDT, deposit fees vary;
  • Advanced order types, including stop-loss;
  • Very high liquidity;
  • Fees between 0.015% — 0.075%;
  • KYC required to withdraw funds.

4. Kraken

  • Up to 5x leverage on BTC, ETH, XRP;
  • Both long and short positions;
  • Accepts deposits in USD, EUR, CAD, JPY, and BTC, + deposit fee of up to $5 USD;
  • Fair liquidity, predominantly higher for EUR and JPY;
  • Advanced order types, including stop-loss;
  • Fees between 0–0.26% + additional margin fee of 0.01–0.02%;
  • KYC and AML verifications required.

5. Bitfinex

  • Up to 3.3x leverage on selected major assets;
  • Both long and short positions;
  • Accepts BTC, major altcoins, and fiat, deposit fees vary;
  • Advanced order types, including stop-loss;
  • High liquidity;
  • Fees 0.1% maker — 0.2% taker;
  • Long KYC procedure requirements, 6–8 weeks to verify an account.

6. Poloniex

  • Up to 2.5x leverage on BTC, LTC, XRP, ETH, XMR, STR, DOGE, DASH, CLAM, BTS, and FCT.
  • Both long and short positions;
  • Deposit in BTC and altcoins, no fiat;
  • Advanced order types, including stop-loss;
  • Fair liquidity;
  • Fees 0.1% maker — 0.2% taker;
  • KYC, AML, and CTF verification required.
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