The exchange is very similar to the well-known Etherdelta exchange, but for me personally the disadvantage is that there are still no large volumes of trades on the stock exchange. As soon as there are large amounts of crypto currency on the exchange, then I will probably start using it.
Correct, upon inspection it looks like Etherdelta but they're not denying that they have similarities. However, just like you I will also be cautious. No offence to the OP, but I'm not willing to try new exchanges right now but i will keep tab and see how Bitox.io will do in the next coming months, specially if we go on another bull cycle.