MEX Exchange review and tutorials

MEX-Exchange-logo
MEX-Exchange-logo

Detailed MEX Exchange Review 2021: Forex, CFD'S and Crypto Regulated Broker

MEX Exchange Analysis showed a organization with a solid history and years of demonstrated market success. MEX Exchange has built not only a powerful technology base to provide trading, but also an expanded range of various trading tools, variety of account types to choose from, all supported by educational materials.

What’s MEX Exchange?

MEX Exchange is a company established in the field of online financial trading, which has been operating through Australia since 2012 and has become one of the industry’s most prestigious institutions. The broker offers its customers access to trading on a variety of instruments, including Forex, Metals, Stocks and CFDs, through advanced trading platforms.

MEX Exchange is also part of a multinational network, a well-known MultiBank corporation with offices in Sydney, Los Angeles, Vienna, Frankfurt, Madrid, Cyprus, MEXFintech, Hong Kong, and additional MEX Group Worldwide offices in Hong Kong, MEX Asset Management (Austria) GmbH, Beijing, Tianjin, Hangzhou and Ho Chi Minh City, etc.

Overall, as we will see more details of the MEX Exchange services offered. The broker has become very broad as its services have been distributed to over 280,000 retail and institutional customers in more than 90 countries.

MEX Exchange website

Summary

  1. MEX Exchange is a international broker based in Australia
  2. Broker of good reputation and excellent record of regulatory obligations imposed by the ASIC
  3. Instrument collection providing CFDs on Indexes, Currencies and Services with no exchange costs
  4. Demo Profile – Yes
  5. No minimum deposit requirements
  6. Trading costs and spreads are a low variety of platforms like the common multi-device MT4.
  7. Tools for research and trading ideas incorporated into the trading platform
  8. Education is at a very good level through coordinated partnerships and available resources
  9. Customer Service is available 5 days a week.

Awards

Thus, by offering its unparalleled experience in technology, trading systems and competent approach to FX and CFD traders, MEX Exchange provides vast trading opportunities with tight pricing and high-performance conditions. In addition, there is a range of resources, including educational materials, offered by a collaboration with LepusProprietaryTrading, a renowned Forex educator, all supported by guidance on any issue you might have.

There are additional incentives for Money Managers by PAMM or MAM accounts and various institutional services, which have all been recognized by MEX Exchange as a major trading company with several industry awards and recognition. And that’s despite a large number of satisfied traders they represent, who appreciate their accomplishments as well.

Is MEX Exchange secure or is it a scam?

MEX Exchange is an Australian financial exchange company that completely complies with the laws and regulations. Australia is a respectable jurisdiction, it strictly regulates its financial firms and obliges high capitalization. It also offers security of consumers, to ensure market integrity and healthy competition.

Is MEX Exchange legit?

Yes, because of its registration and regulation in Australia, it is a legal broker. It is evident that MEX Exchange is part of the MultiBank Exchange Network, a multinational financial investment community that is heavily supervised by world-renowned authorities across renowned jurisdictions.

lisence

Traders Security

As far as the ASIC regulation is concerned, MEX Exchange retains existing international rules for the management and operation of the accounts of traders with the highest degree of security. It includes segregating client accounts from company assets, rendering them unreachable to the firm, and also applying for transaction protection.

The collection of rules guarantees that your investment is protected by country law, that your interests are safeguarded and that the overall trading mechanism is transparent.

Leverage

As an Australian financial investment company, MEX Exchange requires high leverage levels of up to 1:500 to be open to retail traders. Obtaining leverage depends on the instrument you exchange, and the level of the dealer. This allows professionals to reach higher rates after their status has been verified.

  • Retail traders max leverage is 1:500 for major currency pairs, 1:100 for commodities.

However, it is important to learn how to use leverage smartly, because many of the world’s regulators have now significantly reduced leverage rates with the intention of protecting clients. There are defined margins for trading in different instruments that you should always test and verify because margin calls happen when there are not enough trading funds.

Opening an Account

Another point in the MEX Exchange Review is the account range, where we see two styles of accounts tailored to fit your trading style.

Forms of Account

This proposal involves a spread-only standard account and an ECN account with a commission charge per transaction. Both operate powerful execution based on the creation of the STP bridges by the MEX Exchange group.

Output reliability is one of the key priorities of MEX Exchange, so you’ll probably enjoy its conditions along with the price models it provides, and you’ll also get quotes from a range of liquidity offerings.

trading accoounts

How to Open Your Account

Opening a digital account is a very simple process, where you should submit the necessary information and documentation or order to set it all right. Go through the next steps:

  1. Follow the Open Account link
  2. Provide personal data and trading knowledge to validate your Live account
  3. Verify your account via a connection on your email address and get access to your account area and Demo trading
  4. Make your first deposit
  5. You can now access trading and markets

What are MEX Exchange Fees?

A significant point that should concern any trader are commissions or what you have to pay to the broker for the services it provides. Besides the usual charges spread or the disparity between selling and purchasing rates, other payments need to be considered.

Forex Fees

MEX Exchange spreads are normally identified by the type of account you run. Therefore, the Standard account with all costs included in the spread includes spreads from 0.5 pips with no extra costs, which is a nice choice for quick calculation over the take positions.

If you choose to use MEX ECN, you will get raw spreads starting from 0.0 pips, but with a commission fee of $7. See some examples of Forex spreads below for the Classic account, though we consider MEX fees to be quite competitive.

Trading Fees of MEX Exchange vs Similar Brokers

Asset/PairMEX Exchange FeesOctaFX FeesAvaTrade Fees
EUR USD0.5 pips0.5 pips1.3 pips
Crude Oil WTI2 pips2 pips3 pips
Gold152040
Inactivity FeeYesYesYes
Fee rankingLowLowHigh

Extra Fees

Additional charges that can be applied to the positions are MEX Exchange swaps or overnight fees that are charged in the event of a position held more than one day. Swaps are determined by each instrument, each currency pair has its own swap fee on its own and can be seen on the website.

Other costs may involve inactivity fees or charges that may be waived for withdrawals or deposits. It is better to consider all packages together as we do in our MEX Exchange Review.

Snapshot of rates for MEX Exchange

MEX Exchange spreads

Trade Instruments

MEX Exchange builds its portfolio with opportunities of Forex, Metals and CFDs trading along with a bulk of traded instruments. Through trading in CFDs, you would have access to trading in the Cash Index, but without any exchange fees that are normally charged if the trade indexes are directly paid.

Together with state-of-the-art ECN technology, MEX Exchange has built its portfolio into an unparalleled stability platform suitable for pros and novices. This is a good advantage even though the selection of instruments is quite limited.

trading assets

Deposits and Withdrawals

MEX Exchange provides a variety of fast, easy and safe payment solutions for deposits and withdrawals. All withdrawals are done via the Client Portal. In addition, you can choose the appropriate basic currency so that money transfers do not incur additional conversion fees.

Deposit Fees and Options

All in all, you can choose between payment providers:

  • e-wallet: Neteller, Skrill, China UnionPay,
  • Wire or bank transfer,
  • Payment by Card

What is the Minimum Deposit on the MEX Exchange?

What’s also perfect for beginning traders, is that MEX Exchange lets you start with no deposit requirement. This means you can define the amount you want to start with. The minimum is $0 for Standard or ECN Accounts, check all the necessary margins for the instrument you are trading with.

MEX Exchange funding methods

Withdrawal

If you wish to withdraw money from your trading account or deposit at MEX Exchange, no internal fee will be charged. However, depending on the payment provider and foreign laws, certain fees can apply. You should always verify them directly with the payment provider, as they are on your side.

How long does it take to remove money from MEX Exchange?

Usually, the broker approves the withdrawal request within 1-2 business days, but also adds extra days as payment providers may take their time to process the transaction, which depends on the country of origin.

Platforms for Trading

Mex Exchange offers you trading capabilities through the MT4 that is made possible through partial bridge technology. While MetaTrader4 is a well-known place for global traders, MEX Exchange has improved software with an add-on and various features that improve its ability to trade successfully.

Web Trading

Initially, Web Trading allows you to enter a trading room without any required software, by simply loading a page through a browser to access your account and trade. This is quite useful in any conditions, but remember more extensive software and some add-ons or enhancements are only available via the desktop edition, so you’d better install one for advanced trading.

Desktop Platform

There are few software versions suitable for different devices that constantly undergo development. The platform itself is known by the name of MEX NexGen MT4, an online platform with all the instruments and detailed MT4 analysis that it is famous for.

The platform fully supports APIs, Algos, non-restricted Expert Advisors and access via PAMM accounts open to managers, so that all the robust functionality along with thousands of research and review resources.

trading platform

Mobile Trading Platform

The iOS app is included in the kit, the software is easy to use filled with a wide variety of resources. MT4 mobile provides numerous charting features that are great for mobile trading along with the complete management of your account.

Customer Care

With its global scope, a variety of businesses offer numerous assistance or questioning to consumers in all situations. 24-hour customer support available in 10+ languages with a service desk, onboarding, setup and cash management can be accessed through chat, email, phone lines, etc.

MEX Exchange education

Education

Novices may rely on educational support through learning materials, videos, tutorials and workshops tailored to match their level of expertise and to meet their needs. Education and good knowledge are key to success in trading. MEX Exchange partnered with LepusProprietaryTrading, a well-recognized veteran trading company providing quality knowledge.

In the trading cycle, brokers have up-to-date online financial news in various languages that have been recognized in due time, where MEX Exchange runs its own blog.

Research materials and analytical tools accessible via the site, offer Autochartist and a great opportunity to benefit from DupliTrade’s advanced auto-execution mirror program, recognized as the leading provider of Forex, Indices and Commodities trading signals.

Final Word

Overall, the MEX Exchange Analysis showed an organization with a solid history and years of demonstrated market success. MEX Exchange has built a powerful technology base to provide trading. But also an expanded range of various trading tools, variety of account types, all supported by educational materials and support.

market analysis

Overall, MEX Exchange may be a good option for both beginners and professional traders to consider.

MEX Exchange trading information

Bonus
No
Instruments
Forex, Metals, CFDs
Demo Account
Yes
Min. Deposit
$200
Min. Trade
0,01 lots
Regulated By
ASIC
MT4 Integration
Yes
Mobile Apps
Yes
Auto Trading
Yes
Trade Signals
Yes
Islamic Account
Yes
MEX-Exchange-logo

Forex

GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
N/A

CFD

FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
N/A
Stocks Spread
N/A

Cryptocurrency

Spread
N/A
Coins
N/A

Official MEX Exchange Registration

MEX-Exchange-logo

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

MEX-Exchange-logo
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