Remitano or StormGain – which is better for UK traders 2024? Compare Remitano and StormGain in this detailed breakdown of their platforms, features and fees.
Remitano is a peer-to-peer crypto exchange with margin trading, investing, swapping and news services. The firm has been operating since 2014 and is trusted by 1+ million customers in 50+ countries with $15+ billion in executed orders. The community feel, alongside 24/7 customer support and no minimum deposit, make the brand attractive to aspiring crypto investors.
StormGain has closed or no longer accepts UK clients.
StormGain is a comprehensive crypto platform that allows clients to trade crypto derivatives, store them in a wallet, mine new tokens and access DeFi capabilities such as staking. The focus is on trading crypto futures, which takes place through proprietary software with integreated trading signals and a suite of educational software. The platform also supports trading on 'tokenized assets' – smart contracts based on gold and silver price movements – and crypto options.
Pros
Competitive fee structure with no P2P taker charges and no deposit fees for the majority of fiat and crypto transactions
Access to an extensive P2P trading network spanning 50+ countries with community integration
Responsive customer support available 24/7 with community forum for idea sharing and fast help
Fiat and crypto deposit and withdrawals are permitted in some jurisdictions
Margin trading available with a maximum leverage rate of 1:2
Native token mining opportunities
Offers highly leveraged trading on 60+ crypto futures as well as indices, options and some spot cryptos
Interesting instruments including crypto indices and tokenized gold and silver
Easy-to-use proprietary platform allows users of all experience levels to start trading crypto derivatives quickly
Leverage up to 1:300 is very high and will suit experienced traders with a high risk appetite
Good educational section with plenty of material for intermediate and experienced traders as well as beginners
Tier-based account types with some decent mining rewards for high-volume traders
Cons
Remitano is unregulated, lowering its safety score
Narrow range of cryptos compared to leading alternatives
There is no demo account available
Few futures compared to many similar competitors in the crypto sphere, such as Coinbase, Kraken and Binance, which offer hundreds
Only supports direct purchase of nine cryptocurrencies, which is very few compared to Coinbase and others
Traders can only fund accounts by transferring crypto or buying it with a pricey card transaction
Limited platform with no automated trading bots or copy trading
Maker/taker fees are more than double some top rivals like Kraken
Unregulated firm that has only been in business since 2019
Poor selection of research materials compared to rivals like Coinbase that regularly update with expert analysis
Remitano supports the purchase, sale, trading and investing in 23 major cryptocurrency tokens through its proprietary web and mobile trading platforms. This includes leading tokens like Bitcoin, Ethereum and Ripple.
StormGain is a crypto platform that allows clients to trade crypto derivatives, store them in a wallet, mine new tokens and access DeFi capabilities such as staking. The focus is on trading crypto futures, which takes place through proprietary software with integreated trading signals and a suite of educational software. The platform also supports trading on 'tokenized assets' – smart contracts based on gold and silver price movements – and crypto options.
