Advanced traders who want to increase the size of their financial market assets have found that leverage trading has become a popular method. Numerous mobile apps have appeared to serve this industry as a result of the rising demand for leverage trading. These apps provide traders with access to a wide range of trading tools and features as well as a range of financial products, such as stocks, FX, commodities, and cryptocurrencies. Based on user ratings, features, and market repute, we’ll examine the top 5 leverage trading apps for experienced traders in this post.
- BitMEX
- Binance Futures
- Kraken Futures
- Bybit
- Deribit
1.BitMEX
A bitcoin derivatives trading platform called BitMEX was introduced in 2014. It is well-known for its high leverage trading, which on some contracts offers up to 100x leverage. Trading perpetual contracts, futures contracts, and options contracts on other cryptocurrencies like Bitcoin, Ethereum, and XRP are all possible through the platform.
Due to its sophisticated trading capabilities, quick execution times, and high liquidity, BitMEX has established a reputation for being a well-liked platform for professional traders. The platform has, however, also come under fire for its exorbitant fees, challenging trading interface, and dubious business practises. The United States Commodity Futures Trading Commission (CFTC) also brought legal action against the platform in 2020 for violating anti-money laundering and know-your-customer rules.
Despite its problems, BitMEX is still a well-liked platform for trading cryptocurrency futures, especially among individuals who are accustomed to using high leverage.
2.Binance Futures
Despite its issues, BitMEX is still a well-liked platform for trading cryptocurrency futures, especially for those who are accustomed to dealing with high leverage.A cryptocurrency derivatives trading platform called Binance Futures was introduced by Binance in 2019. The trading platform offers traders leverage of up to 125x when trading futures contracts on different cryptocurrencies like Bitcoin, Ethereum, and Binance Coin. In order to give traders more freedom in their trading tactics, Binance Futures offers both perpetual contracts and conventional futures contracts.
Its user-friendly interface, which makes it simple for both new and experienced traders to traverse the site, is one of Binance Futures’ primary strengths. A maximum cost of 0.04% for taker trades and 0.02% for maker trades are among the platform’s minimal trading fees.
Along with an array of sophisticated trading tools like stop-limit orders and trailing stop orders, Binance Futures also gives users access to an API for automated trading. The platform also provides a mobile app that enables users to track and complete trades while on the go.
Overall, Binance Futures is a well-liked platform for trading cryptocurrency derivatives, providing users with a number of tools and features to aid in the execution of trading strategies.
3.Kraken Futures
In 2019, Kraken introduced Kraken Futures, a trading platform for bitcoin derivatives. With a leverage of up to 50x, the platform enables traders to trade futures contracts on different cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Kraken Futures gives traders versatility in their trading tactics by offering both perpetual contracts and conventional futures contracts.
Kraken Futures’ sophisticated trading interface, which offers users a variety of configurable charts and trading indicators, is one of its standout features. With a maximum charge of 0.02% for taker trades and 0.01% for maker trades, the platform also offers minimal trading fees.
Along with an array of sophisticated trading tools like stop-limit orders, trailing stop orders, and take-profit orders, Kraken Futures also gives users access to an API for automated trading. The platform also provides a mobile app that enables users to track and complete trades while on the go.
In general, Kraken Futures is a well-liked platform for trading bitcoin derivatives and provides users with a number of tools and features to aid in the execution of trading strategies.
4.Bybit
A platform for trading cryptocurrency derivatives called Bybit was introduced in 2018. On the platform, traders can use leverage of up to 100x to trade perpetual contracts, futures contracts, and options contracts on different cryptocurrencies like Bitcoin, Ethereum, and XRP. Bybit is renowned for its user-friendly layout, which makes navigating the platform simple for both new and seasoned traders.
Low trading costs, with a maximum fee of 0.075% for taker deals and 0.025% for maker trades, are one of the distinguishing characteristics of Bybit. The platform also provides an array of sophisticated trading tools, including an API for automated trading, take-profit orders, trailing stop orders, and stop-loss orders.
A number of security measures, like two-factor authentication and cold wallet storage for user funds, are also made available to traders by Bybit. The platform also provides a mobile app that enables users to track and complete trades while on the go.
Overall, Bybit is a well-liked platform for trading bitcoin derivatives, providing users with a number of tools and features to aid in the execution of trading strategies.
5.Deribit
Deribit is a 2016-released bitcoin derivatives trading platform. The trading platform offers leverage of up to 100x for futures and options contracts on a variety of cryptocurrencies, including Bitcoin and Ethereum. Deribit is renowned for its cutting-edge trading interface, which offers users a variety of chart and trading indicator customization options.
Low trading fees, with a cap of 0.05% for taker deals and 0.02% for maker trades, are one of Deribit’s primary selling points. The platform also provides an array of sophisticated trading tools, including an API for automated trading, take-profit orders, trailing stop orders, and stop-loss orders.
A number of security measures, like two-factor authentication and cold wallet storage for user funds, are also made available to traders by Deribit. The platform also provides a mobile app that enables users to track and complete trades while on the go.
Deribit is a well-known platform for trading bitcoin derivatives and provides users with a number of tools and features to aid in the execution of trading strategies.
conclusion
because of their adaptability and high potential for profit, leverage trading applications are growing in popularity among seasoned traders. BitMEX, Binance Futures, Kraken Futures, Bybit, and Deribit are a few of the best leverage trading applications. Before choosing a platform to utilise, traders should carefully analyse their specific demands. Each platform has its own features and trading tools. Leverage trading is a high-risk activity, thus traders should be informed of the hazards before using these platforms, it is vital to remember.
