MEX Exchange Review
MEX Exchange is an Australian-based cryptocurrency trading platform that opened its doors to the public in 2012. Since then, it has been providing traders with an easy way to enter the world of cryptocurrencies and ICOs, without exposing them to excessive risk or volatility when doing so. Let’s have a detailed MEX Exchange broker review to choose one of the best brokers for you right today.
Trading accounts
- Classic Account
MEX Exchange’s Classic Account is intended for all clients looking to trade with speed, with tight spreads and guaranteed order execution. This account provides clients with the flexibility of working on both the desktop version as well as mobile devices. The minimum account size required to open a MEX Exchange classic account with them is $0.
- ECN Account
This account type has almost all the same options available in the classic account. However, this account comes with a seven$ commission per trade. Moreover, they have the best educational resources, which can make you the pro within some time. In terms of spreads, they have low pips as 0.5.
Fees
In the trading industry, one of the major issues that people tend to complain about is high fees. If you check many brokers around, some charge very high commissions on your transactions, and others may take a long time before they process your withdrawals and deposits, and this can be very frustrating.
Here comes this brokerage, which gives you the flexibility of no deposit fee and neither the withdrawals fees. In addition, all these fee factors make this broker very low in terms of fee ranking. This factor makes this brokerage much unique and demanding in the market because the fee for any transactions matters a lot more.
Customer Support
On multiple support channels, MEX Exchange is available 24h a day. The Live Chat takes place on Messenger, and the website itself includes a Live Support box for Live Support sessions with one of their team members. A Live Help email address will provide you with an answer from one of their customer service agents within 24h during working hours. MEX Exchange’s customer service is available around the clock in 10+ languages via Live Help, Live Chat, email, and several telephone numbers.
Mobile Trading
MEX Exchange’s mobile Trading offers traders the opportunity to trade on their smartphones or tablets wherever they are. It offers advanced trading capabilities, giving you instant access to your account details and the markets.
In addition, it is possible to either follow or copy trades from anywhere with any Internet-enabled device. This gives users the ability to react quickly when unexpected opportunities present themselves. The app also offers to push notification alerts for price changes, news events, breaking market information, technical analysis signals, and much more besides – all in real-time!
Leverage
Leverage is a simple concept. The idea boils down to taking a small amount of capital and using it to buy a larger asset. You can then sell that asset for a profit or continue to hold the position to earn returns from the difference in selling price over time. MEX Exchange gives the 1:500 leverage ratios for their retail traders. So join them today and enjoy the higher profits with leverage options.
Conclusion
MEX Exchange provides an array of tools to give traders the ability to maximize their success. It uses the market’s most favored platform, MT4, giving traders access to one of the largest amounts of instruments available. MEX Exchange is a trading broker with advanced charting and trade analysis tools, designed especially for mobile users so you can never miss any profitable trade. Moreover, this brokerage gives robust customer support who are available there 24/7 to resolve your queries. To satisfy regulation requirements, all client funds are held in segregated Australian bank accounts subject to Financial Claims Scheme protection by this broker.
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