Ostium.app review — Everything you need to know

The Ostium.app is a decentralized finance (DeFi) platform that enables users to trade synthetic versions of real-world assets, including the S&P 500 index (SPX), directly on the blockchain, making it a fairly innovative platform. Traders can access commodities, indices, cryptos, and even Forex pairs from one unified trading platform that is built inside the website of Ostium. Surely, the platform is not as refined and responsive as dedicated trading software like MT4 and MT5, but it still provides basic tools for trading such as indicators, chart types, order types, timeframes, and so on. The integration of TradingView enables traders to access a diverse set of indicators, which is useful when trading on complex markets mentioned above.

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Ostium.app Overview of the website

The website of Ostium is responsive and easy to navigate. There is a menu to access important information and details about trading services and available products. Traders can connect their wallets and start trading which makes the whole process seamless and simple, without the need for account creation and complex KYC policies. The website also allows users to create an account instantly using their Google account without the need for account creation and then fund their accounts using crypto wallets. It is also possible to connect your wallet directly to the website. The platform is built inside the website and enables traders to trade directly from the website, with no need to download standalone trading software.

Traders can access strategies, vaults, points, and many other useful links to explore the platform. There are also social media site links to connect with the platform’s community.

Ostium.app Accounts Reviewed

The platform does not require users to select between different types of trading accounts. Instead, traders can connect their wallets like MetaMask, Coinbase Wallet, Rabby, or any Web3 wallet to trading services. The platform provides full self-custody which is maintained at all times, meaning traders are always in full control of their assets, which is very secure and transparent. If a user does not have a wallet, Ostium will generate a non-custodial wallet under the hood (via Multi-party computation) when the trader signs up with email and password or connects their Google accounts. This makes it very comfortable and simple to use the platform. The platform requires a small minimum deposit of 10 USD equivalent to what the crypto trader is using for deposits. There is no verification required, which makes onboarding instant and very comfortable. If a user does not like to register and enter their data, the Ostium platform offers real value and comfort.

Deposit and withdrawal options at the ostium.app

The platform provides instant on-chain settlements, as deposits and withdrawals are settled immediately on Arbitrum via USDC and other ERC-20 tokens. Traders can instantly connect their wallets to use their crypto assets for trading without the need for verification and other lengthy procedures for both deposits and withdrawals. It is possible to fund the wallet using debit and credit cards, bank transfers, or bridges from any decentralized exchange such as Binance and Kraken. As a result, there are zero fees for deposits and withdrawals and only network gas fees are charged by the blockchain network. Opening fees are as low as 0.01-0.1% and closing fees are 0.0% for standard trader sizes below 1 million dollars.

Ostium.app Assets — What can you trade?

It is typical for decentralized platforms (DeFi) to offer only crypto trading services such as spot cryptos and futures. However, Ostium stands out as it allows traders to access a wide range of assets such as indices, commodities, FX pairs, and cryptos. From indices, traders can access the S&P 500 (SPX/USD), Dow Jones, Nikkei 225, and more. From commodities, there are Gold, Silver, Crude Oil (CL/USD), Copper, and others. FX pairs include Major currency pairs such as EUR/USD, GBP/USD, USD/JPY, etc. From cryptos, there are many pairs offered including Bitcoin (BTC/USD), Ethereum (ETH/USD), Solana (SOL/USD), and additional crypto perps. Perpetual futures traders will find many perpetual futures on the platform, which is flexible.

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Trading platforms of the ostium.app

As for the trading platform, the Ostium.app offers a web trading platform built into the website. Traders can trade directly at Ostium.app website via a responsive web UI with live trading and charting. While not as open view as major platforms such as MT4 and 5, the platform still offers advanced features for trading.

There is also a Telegram bot to automate trades, receive market alerts, and manage trading positions through the platform’s official bot. The platform allows up to 200x leverage, which is more than enough to control sizable trading positions with a small budget. All trades settle on an Ethereum Layer 2 (Arbitrum) for fast and low-cost executions.

Education at the ostium.app

Ostium offers weekly deep dives covering BTC, ETH, Gold, SPX, FX, and macro themes providing outlooks for traders. There is full developer documentation available for users who want to automate their strategies. Community insights from partnered analysts are also provided and on-chain research is shared on their Discord and Telegram channels.

However, there are no trading educational resources offered, such as webinars and trading courses which is a downside for the platform.

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Ostium.app Customer Support

There is no live chat on the website, but traders can use active channels on Telegram and Discord with direct access to the Ostium team for assistance. The website also has FAQs and help centers covering deposits, risk management, and protocol mechanics. Email support is also available via [email protected], Twitter/X (@OstiumLabs), and community forum links.

Ostium.app bonuses and promotions

From bonuses and promos, there are not many rewards offered. There are no direct bonuses such as welcome bonus or deposit bonus. However, 500,000 points were distributed weekly based on trading, liquidity provision, and strategic bets. Early adopters received a share of 10 million initial points.

Points reset every Saturday at midnight UTC, with leaderboards listing top traders and LPs. Points are used for future airdrops and special perks. There are referral bonus programs, community contribution allocations, and real-time score tracking to create gamified trading environments.

Is ostium.app your broker? Final verdict

The Ostium.app is a decentralized and innovative platform for trading synthetic assets directly on-chain via Arbitrum, which is an Ethereum Layer 2. The platform offers a wallet connection feature, a wide range of assets, high leverage, and low fees. The Ostium.app offers a simple wallet connection process, high leverage, and low fees, but lacks traditional education materials and direct live chat support.

Overall, the platform is a DeFi app and traders should carefully analyze their trading style and platform’s conditions to ensure it meets their preferences.

FAQs on ostium.app broker

Where is the ostium.app based?

Ostium.app operates as a decentralized protocol built on Arbitrum and is not based in any centralized jurisdiction.

Can you withdraw from the Ostium.app?

Yes, traders can instantly withdraw their profits as the platform is a DeFi app and has a wallet connect feature, which enables instant deposits and withdrawals.

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