What is IndoEx?
IndoEx launched in 2019 with operations tied to Estonia and the UK. It's pitched to traders comfortable on centralized exchanges, featuring a broad altcoin list, some fiat pairs, and bot-friendly APIs. But recent warnings give reason for caution.
Where it shines
- Over 150 cryptos and roughly 200 spot pairs, including staples like BTC, ETH, TRX, and stablecoins.
- Strong volume - usually $5-6 billion daily, led by BTC/USDT and ETH/USDT.
- Rare fiat pairs such as EUR/USD for direct forex-style trades.
- Solid API suite for algo traders, plus simple flat 0.15% trading fees.
Where it stumbles
- Security score is weak - CER gives it a D (~25%), noting limited audits and insurance clarity.
- Reports from 2025 mention frozen withdrawals and unauthorized asset moves.
- Withdrawal process rated poorly (2.5/10), with expensive fiat fees and slow service.
- No margin, staking, or yield options - just spot markets and a launchpad push.
Volume, liquidity, assets
Daily spot flow hovers around $5-6 billion (near 50,000 BTC). BTC/USDT takes about 35% of that, with ETH/USDT close behind. Liquidity is deep for majors, moderate for small caps - typical of bigger CEXs.
Fees and withdrawal costs
- Flat 0.15% trading fee for makers and takers alike.
- Crypto deposits free; withdrawals ~0.0008 BTC - slightly under industry average.
- Fiat deposits pricey (up to 10%), fiat withdrawals roughly $3 USD or EUR.
Security concerns
- Claims 98% cold wallet storage with some insurance via a Korean partner.
- No widely published audits or full reserve proofs.
- Allegations of asset freezes and unauthorized sales cloud its trust level.
Deposits and daily limits
Crypto deposits are quick and free, minimums are low (0.0009 BTC). Fiat is supported but slow and expensive. Daily withdrawals reach ~100 BTC, though users report delays or blocks.
Pros and warnings
- Pros: Huge spot volume, broad coin support, EUR/USD pairs, flat low fees, bot-ready API.
- Cons: Weak security rating, frozen funds reports, unclear compliance, costly fiat channels, no advanced products.
IndoEx quick snapshot
- Founded: 2019
- Locations: Estonia & UK
- Daily Volume: ~$5-6 B (~50k BTC)
- Assets: 150+ coins, ~200 pairs
- Fees: Flat 0.15%
- Withdrawals: ~0.0008 BTC; fiat ~$3
- Custody: Centralized wallets
- Security: D-grade (~25% CER)
- Trust Issues: Frozen funds, unclear audits
- Fiat: Available but costly
Who IndoEx fits
Good for bot traders needing liquidity on BTC and ETH, or those wanting unusual fiat pairs. But heavy caution advised - funds might be safer on stronger regulated platforms. Avoid parking large balances here until issues clear.
Final verdict
IndoEx blends big volume and breadth with a simple flat fee. But trust clouds loom large. If you want fast BTC/ETH trades and run small balances, it could work short term. Just know exactly what risks you’re taking.