Daily trading limits are the maximum amount a person can trade in a session. Such limits are used in FOREX markets, stock exchanges, and cryptocurrency exchanges. It is almost impossible to find an exchange that does not impose limits on trades, but there are still a few out there.
Why Are Trading Limits Used?
Originally, securities exchanges adopted daily limits to hedge against rapid price fluctuations. Other kinds of exchanges picked up on this and took this measure to protect their traders from extreme changes in prices. However, one of the reasons why people were getting into cryptocurrency trading is that it was different from trading securities, stocks, etc. Traders opted for cryptocurrency platforms since they had no limits, were anonymous and self-regulated.
Cryptocurrency exchanges have recently adopted a lot of the same rules that traditional exchanges use. GBP British Pound Sterling to USD US Dollar Currency Rates Today 10 gbp to usd This is because they have been pressured by governments to adopt them. They have “Know Your Client” rules, trading limits, and all sorts of other features. Now, it is almost impossible to differentiate between cryptocurrency exchanges and other kinds of exchanges.
Godex Has No Daily Trading Limits
What separates Godex is that it is a crypto exchange without selling limits. Customers can trade as much as they want. They don’t have to stop trading until the next day once the set limit is hit. This allows its clients to develop strategies for maximizing their investments without having to take trading limits into account. The founders of Godex believe that every trader should be free to do what they want with their money. No one should be able to tell a trader that they have to quit.
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Other Benefits of Using Godex
Godex has several other benefits that go hand in hand with their no-daily-limits policy. The best feature of this exchange is that it does not change the rates in the middle of a transaction. On some platforms, users may start a trade thinking they will get one rate and then get something completely different. This “freezing” feature enables customers to reduce the variables that can negatively affect the outcome of a trade.
A benefit that may be even better is that Godex users do not have to register an account to start trading. As was mentioned above, most exchanges have implemented “Know Your Client” policies. There are advantages to KYC, but the drawback is that it leaves customer data vulnerable to cyber criminals. Since the customers of Godex do not have to register an account, there is little to no chance of their identities being stolen.
Godex has several additional security arrangements in place to protect customers. Their servers are encrypted, and they use an SSL certificate to protect client data from interception. Furthermore, the website is protected from DDoS attacks. With this full range of safety features, clients can feel 100 percent secure making their trades on Godex.
Closing Thoughts
Trading without having to worry about daily limits is the way to go. Such a policy enables traders to fully take advantage of the latest market trends. With so many exchanges adopting trading limits, it is refreshing to find a company that does not impose such rules on its customers. Moreover, the security features Godex uses give it an additional layer of protection that other trading platforms sometimes lack. Identity theft is one of the leading problems plaguing online trading venues, but Godex customers do not have to worry about it as much.
