MEX Exchange Review

Is MEX Exchange a scam or safe?

MEX Exchange does not represent a fraud. It is an Australian financial services firm that adheres to all laws and regulations. Australia is a well-respected jurisdiction.

ASIC, the world's leading regulator, is responsible for controlling financial firms. You can find out more about ASIC regulations at the link.

Is MEX Exchange legit?

It is registered and regulated in Australia so it is legal. It is also obvious that MEX Exchange belongs to the MultiBank Exchange Group. This is a global financial investment organization heavily regulated and supervised by authorities from all over the world.

Traders protection

MEX Exchange adheres to the ASIC regulations. It maintains the most stringent international rules regarding money management and the operation of traders' accounts. This involves segregation of client accounts from company funds, making them unreachable by the firm, and also applying security to transactions.

Overall, the rules make your investment secure by the country’s legislations. This protects your interests and provides transparency in the overall trading process.

Types of accounts

MEX Exchange has two account types that will suit your trading style. The proposal includes a Standard account that has spread-only pricing and an ECN account with a commission per trade. Both accounts use powerful executions based on the STP bridges MEX Exchange group creates.

The stability of performance is actually a major priority at MEX Exchange. You'll likely enjoy its price models and get quotes from many liquidity providers.

Fees

A trader should be aware of fees. Fees are the amount you pay to the broker to use their trading services. The typical spread of charges, which is the difference between sell and buy prices for a trade, is not important. There are also other fees to consider, such as non-trading fees and inactivity fees. See the fee ranking table below.

Additional fees

If a position is kept for more than one day, additional costs may apply to your positions. These include MEX Exchange swaps and overnight fees. Swaps are calculated for each instrument as each currency pair has its swap cost individually. You can check the platform directly to see how you compare.

Other costs could include an inactivity fee, or fees that may be waived for withdrawals, so it is better to look at all packages together, as we did in our MEX Exchange Review.

Spreads

MEX Exchange spread is usually determined by the type of account you have. The Standard account includes all spread features and spread costs. It starts at 0.5 pips, which allows for easy calculation of take-positions.

If you prefer to use ECN you will receive raw spreads beginning at 0.0 pip but with a $7 commission.

Trade Instruments

MEX Exchange has built its portfolio with the most-traded instruments, and offers to trade Forex, Metals, and CFDs. CFDs trading will allow you to trade Cash Indexes without incurring exchange fees.

MEX Exchange also developed state-of-the-art ECN technology, making it a unique stability platform that is suitable for beginners and professionals.

Deposits and Withdrawals

MEX Exchange provides a variety of quick, easy and secure payment options for deposits and withdrawals. All manipulations are made through the Client Portal. You can also choose the base currency you prefer, so money transfers won't incur any additional conversion fees.

Options for deposit

You can choose a payment provider from:

• Neteller, Skrill, China UnionPay e-wallet

• Wire transfer or bank transfer

• Card payment

Minimum Deposit

MEX Exchange does not require a deposit. Minimum amount is 0$ for Standard and ECN Accounts. However, make sure you have all margins required for the instrument that you are trading.

Withdrawals

MEX Exchange withdrawal fees are free of any internal fees. However, fees can be applied depending on international laws and the payment provider. You should always check with the provider to ensure that they are not falling on your side.

Trade Platforms

Mex Exchange allows you to trade using a popular MT4 platform. It is also possible through partial fill with bridge technology. MetaTrader4 is an established platform for trading, but MEX Exchange has enhanced the software with numerous additional features and many other features that maximize its potential to make successful trades.

Web Trading

Web Trading is the first way to access the trading area without the need for any specific software. All you have to do to get to your account or trade is to load a page through your browser. While this is a great tool in any situation, it's not as comprehensive or feature-rich as the desktop version. If you want to trade more advanced, you should install it.

Desktop platform

The software is available in a few different versions, and they are constantly being updated. The platform is also known as MEX NexGenMT4, which is an online platform with all the tools and extensive analysis that MT4 is famous for.

The platform supports APIs and Algos as well as non-restricted Expert Advisors. Manager can also access the platform through PAMM accounts. This allows them to have all the features and thousands of analysis and research tools they need.

Education

Beginning traders can count on education support via learning materials, videos and tutorials adapted to your level of experience. Indeed, education and good knowledge is a key to success in trading so here MEX Exchange is your good partner too, as long as the broker partnered with LepusProprietaryTrading some of well-recognized trading veteran company providing quality knowledge.

In addition to the trading process, broker also provides current online financial news in multiple language that was timely recognized, where MEX Exchange has its own Blog.

The platform offers research materials and analytic tools, as well as Autochartist. Another great option is DupliTrade advanced autoexecution mirror system. This system is recognized as a top signal provider for Forex, Indices, and Commodities trading.