This is an honest report of my experience with ANX PRO in Hong Kong
These guys loosely fits the title of being a legitimate business, their tactics might as well be identified as a scammer.
Deposit Fees a whopping 2.5%
Withdrawla Fees another whopping 1%
Trading fees 0.3 to 0.6%
Now these fees are published on their website so you may question why did I still use their service despite the fees?/
The difference is once you decide to buy from their exchange, you can see their prices for both Bitcoin and Ethereum being extremely
illquid, meaning they are NOT giving you the market price. They bump up their Bid price by at least 5 %- 20% above market and sell
it to their clients. What they are effectively doing is being a market maker, if you are into trading stocks, you know market makers give you the WORST
possible price. Their business model is basically them buying Bitcoins from the current market price or lower then bump up the price, break the Bitcoin into many fractions
each at escalating prices giving the illusion of supply or liquidity then turn around and scam their clients.
You be better off paying 5% by purchasing with your credit card to avoid ALL id checks or use the US Gemini EXCHANGE where they charge ZERO FEES.
If you are in Hong Kong use these competitors that offer zero to low fees:
https://www.tidebit.com/https://gatecoin.com/