Exchange Review: ANXPRO

  • Editor Rating
  • Rated 2.1 stars
  • 40%

  • Reviewed by:
  • Published on:
  • Last modified: December 7, 2017
  • Trading
    Editor: 44%
  • Funding
    Editor: 84%
  • Platform
    Editor: 68%
  • Help & Support
    Editor: 50%
  • Legitimacy
    Editor: 13%

Hong Kong based exchange ANXPRO originated from the ANXBTC platform and was launched in June 2013 under its former name.


ANXPRO supports trading for several cryptocurrencies and a rare high number of fiat currencies including all of the world’s major currencies, but also charges a high trading fee of 60 basis points (taker fee) which may be the cause of the order books for most currency pairs looking thin.

The lack of liquidity subsequently translates to relatively wide bid-ask spreads. The lowest best-bid ask spread was found on the BTC/USD currency pair and averaged on 66 basis points. Adjusted for impact on an order worth $1,000 additional slippage could amount to 78 basis points. Trades in other currency pairs are facing significantly worse bid-ask spreads. Even for BTC/HKD the spread was found to be wider than two percent, despite ANX being a Hong Kong based exchange.

ANXPRO furthermore lacks several features that may be expected from a platform aimed at more professional traders. There is no support for short selling/margin trading, and also advanced order types such as stop orders are missing. On the upside the platform did enable hotkeys that allow the available options to be set swiftly.

ANXPRO Trading Summary

# Cryptocurrencies8
# Fiat currencies10
Trade fees (trade size $1,000)0.60%
BTC/USD half bid-ask + impact (trade size $1,000)1.44%
Minimum trade sizeNo
Margin tradingNot supported
DerivativesNot supported
Market ordersSupported
Advanced ordersNot supported


ANX supports all major global currencies, and therefore also has to offer a wide range of funding options. The platform supports local transfers for AUD and HKD, while EU may benefit from the ability to deposit funds via a SEPA transfer. The latter one may be the best one, because SEPA transfer costs are (near-)zero and ANX does not charge additional fees on deposits. By comparison, local transfers in Hong Kong may still cost a few dollars to be processed. In the case of SEPA transfers transactions may be processed on the same day, although instant deposits are only available for customers using EgoPay.

EgoPay is also the only funding option for US customers besides wire transfers. Both are expensive to use due to additional bank charges (outgoing wire transfer may easily cost $45 or more) for either sending money directly to ANX or funding EgoPay. EgoPay does support faster funding options, but these will be even more expensive to use. Wire transfer are the slowest options with transactions requiring 3-5 business days to be processed.

ANXPRO Funding Summary

Cheapest funding method available inHong Kong
Cheapest funding methodWire (international cust.)
Deposit fees (local)Free of charge
Withdrawal fees (local)Free of charge
Instant deposits possible?No
Bitcoin Deposit feesFree of charge
Bitcoin Withdrawal feesFree of charge


The added hotkeys on ANXPRO also help in getting orders through quickly. The design is also responsive, making it more mobile-friendly. Only the performance could use an upgrade, as speed test results are not very positive. There is little value in being able to swiftly set up a trade when the page is taking a long time to be reached.


Help & Support

Besides email support, there are not of alternatives to contact ANX. There is no live support in the form of a chat or telephone number.  The available guides only partially compensate for this. The documentation addresses how to get started, covers basic trading terms and provides references on Bitcoin. Sadly, it only points out the advantages of Bitcoin without any risk disclosures, and may contain incomplete or inaccurate information as argued with regard to compliance.


The company’s legitimacy has been evaluated with the help of a Fraud Risk Assessment. A summary is provided below, and the full assessment can be found by following this link.

Red flags4

A weighting factor of 40% is applied to legitimacy in calculating the final rating. A weighting factor of 25% is applied to both trading and funding, while a weighting factor of only 15% is applied to both platform and support. If the legitimacy score is 0% then the total rating is automatically set to the lowest possible result.


• Supports all major global currencies
• Adaptive user interface


• No margin trading/short selling
• Relatively high trade fees
• Illiquid order books and wide bid-ask spreads

Comments (8)

  1. Lisa Wheeler June 20, 2016
    • Mike Gold May 10, 2017
  2. Mike Gold May 10, 2017
    • Kim July 19, 2017
  3. 242 098 September 3, 2017
  4. Richard Shaw October 12, 2017
  5. simon December 5, 2017
    • LESLIE December 15, 2017

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