- Is MEX Exchange safe or a scam?
- Trading Platform
- Trading Fees
- Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
What is MEX Exchange?
MEX Exchange is an established firm in the field of online financial trading operating since 2012 through Australia and became one of the most regarded industry institutions. MEX Exchange offers its customers trading access through the advanced trading platforms on a range of instruments including Forex, Metals, Stocks and CFDs.
Also, MEX Exchange is a part of a global group, a quite known company MultiBank with offices in Sydney, Los Angeles, Vienna, Frankfurt, Madrid, Cyprus, MEXFintech in Hong Kong, along with additional branches MEX Group Worldwide offices in Hong Kong, MEX Asset Management (Austria) GmbH, Beijing, Tianjin, Hangzhou and Ho Chi Minh City, etc. Overall, and as we will see further the details of MEX Exchange services provided, the company became quite big as its services delivered to over 280,000 retail and institutional customers throughout over 90 countries.
So by providing its unparalleled expertise in technology, trading systems and professional approach towards FX and CFD traders, MEX exchange also delivers vast trading opportunities with tight pricing and powerful conditions. In addition, there is a variety of tools including education material performed by the partnership with LepusProprietaryTrading a famous Forex educator, all accompanied by support on whatever question you may have. As well as additional developed opportunities for Money Managers through PAMM or MAM accounts and various institutional programs.
Is MEX Exchange safe or a scam?
MEX Exchange is an Australian financial service firm that obliges fully to its laws and regulations. Australia being a popular and reputable jurisdiction therefore, strictly regulates its financial firms and obliges to high capitalization along with a clients’ protection ensuring market integrity and healthy competition. The task of control over financial firms performed by the authority ASIC, a world leading regulator. Read more about ASIC regulations by the link.
Also, as it becomes obvious MEX Exchange is a part of the MultiBank Exchange Group, which is a global financial investment group heavily regulated by the world recognized authorities across reputable jurisdictions.
As for the ASIC regulations, MEX Exchange maintains the settled international rules for the money management and operation of the traders’ accounts with the highest protection level. That is involving segregation of the client accounts from the company funds, making it unreachable to the firm, also applying security of transactions. All in all, the set of rules makes your investment secured by the country legislations, securing your interests and providing transparency overall trading process.
Mex Exchange offers you trading capability through a popular choice of MT4 technology platform that is also enabled through a partial fill with bridge technology. Even though MetaTrader4 is a quite known platform among world traders, MEX Exchange enhanced software with an additional add-on and numerous features maximizing its capabilities for successful trading.
MT4 offers trading in Forex, Metal and CFDs along with state of art ECN technology MEX Exchange developed transforming it to unparalleled stability platform suitable for professionals and beginners. There are few versions of the software suitable for various devices, as well as constantly undergo development. The platform itself is known under name MEX NexGen MT4 which is an online based platform with all instruments and comprehensive analysis MT4 famous for. Also, the platform fully supports APIs, Algos, no restricted EAs and access through PAMM accounts.
Another point within MEX Exchange Review is the account offering, where we see two account types designed to suit your style of trading. This includes Standard account with a spread only basis, and an ECN Account with commission charge per trade, while both operate powerful execution based on STP bridges MEX Exchange group develops.
MEX Exchange spread
MEX Exchange spread as usually it happens defined by the account type you operate. Therefore, Standard account with all costs included into spread features spreads from 0.5 pips with no other costs, which is a good option for easy calculation over the take positions. In case you prefer to use MEX ECN, you will get raw spreads starting from 0.0 pips but with a commission charge of $7. You may see some examples of Forex spreads below for both Standard and ECN accounts, as well compare fees to AvaTrade.
Additional costs that may be added over your positions are MEX Exchange swaps or overnight fees that are charged in case a position held longer than a day. Swaps calculated by each instrument individually and may be checked directly from the platform.
Obviously being an Australian financial investment firm, MEX Exchange still permits high leverage ratios up to 1:500 available for retail traders. Obtained leverage also depending on the instrument you trade, as well as defined by the level of trader, thus professionals access higher levels once confirming its status.
What Payment Methods MEX Exchange uses?
MEX Exchange offers a selection of instant, simple and secure payment option for deposits and withdrawals while all manipulations are done though a Client Portal. Besides, you may choose desired base currency so money transfers will not incur additional conversion fees. Generally, you may select payment provider among e-wallet Neteller, Skrill, China UnionPay, Wire or Bank transfer, as well as pay through Card.
What is also great even for beginning traders, MEX Exchange allows you to start with no deposit requirement. Means, you may define the amount you want to start with, as a minimum is 0$ for Standard or ECN Accounts, yet check on all the necessary margins for the instrument you will be trading.
Once you would like to withdraw money from your trading account or to deposit at first MEX Exchange will not charge any internal fee. Yet, depending on the payment provider as well as international laws some fees may be applicable, s you better check them with the payment provider directly as they are falling on your side.
Overall, the MEX Exchange Review revealed a company with a strong background and years of proven trading service success. MEX Exchange developed not only a powerful technology base to provide trading, but enhanced offer with numerous assets to trade, availability of account types to choose from all accompanied by the education material and support. Overall, MEX Exchange might be a good option to consider for both beginning and professional traders.
Nevertheless, it will be good to know your personal opinion about MEX Exchange which you may share in the comment area below.
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