MEX Exchange Review
MEX Exchange is an online trading broker that was established in Sydney, Australia, in 2012. The broker offers its services to retail traders, introducing brokers and institutions. They provide advanced trading platforms whilst offering low spreads. Available tradable products include Foreign Exchange, Metals, Commodities, Stocks, and CFDs, and no minimum deposit is required to start trading.
MEX Exchange Review, Pros & Cons
- User-friendly MetaTrader 4 platforms
- Educational resources & trading tools such as AutoChartist
- Multiple trading products
- Not the lowest spreads
- No USA clients
- No MetaTrader 5 platforms
In this detailed MEX Exchange review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
MEX Exchange Overview
MEX Exchange is a multi-asset brokerage firm that offers traders access to trade multiple financial instruments online using the MT4 trading platform. They provide traders with a good selection of trading tools and educational resources, and a client support team is always available to assist them. Some of the broker’s trading features include no minimum deposit requirement, spreads from 0.0 pips, leverage of up to 1:500, ECN execution, multiple payment methods, and more.
MEX Exchange Regulation
MEX Exchange is regulated by the Australian Securities and Investment Commission (ASIC) and meets strict capital requirements.
MEX Exchange is a holder of Australian Financial Services Licence Number 416 279.
MEX Exchange Countries
MEX Australia Pty Ltd is not licensed or authorized to provide financial services in any other country or jurisdiction. The financial products offered by MEX Australia Pty Ltd may not be able to be sold in some jurisdictions. You should satisfy yourself that entry into a financial product offered by MEX Australia Pty Ltd is permissible in your jurisdiction.
Some MEX Exchange features and products mentioned within this MEX Exchange review may not be available to traders from certain countries because of legal restrictions.
MEX Exchange Platforms
The broker provides traders with the MT4 trading platform, which is a sophisticated trading platform that offers everything a trader needs to trade effectively in the financial markets. The platform utilizes MEX’s State of the art ECN technology to grant traders easy access to the various financial markets. MT4 is available in desktop, web, and mobile versions.
MEX Exchange Trading Tools
MEX offers numerous trading tools, including MAM & PAMM, Virtual Private Servers, White Label Technology, AutoChartist, Economic Calendar, Signal Providers, and more.
MEX Exchange Education
There are several educational resources on the broker’s website to help you improve your trading knowledge. The resources include learning articles, blogs, research tools, analysis tools, and video tutorials.
MEX Exchange Instruments
MEX Exchange offers the following trading instruments: forex, indices, commodities, CFDs, and more.
MEX Exchange Accounts & Fees
MEX Exchange offers a choice of two account types: Classic Account with a marked-up spread, and an ECN Account with commission charge per trade. Both operate with powerful execution based on STP bridges and require no minimum deposit to start trading. A demo is available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this MEX Exchange review. It is imperative to ensure that you check and understand all of the latest information before you open a MEX Exchange broker account for online trading.
MEX Exchange Support
The broker provides traders with a 24/7 customer support team who are polite and prompt in response. The support team can be reached via telephone, email, online form, and social media.
MEX Exchange Deposit & Withdrawal
The broker allows traders to deposit and withdraw funds using any of the following payment methods:
- Bank Wire Transfer
- Credit Card: Visa, Mastercard, Visa Electron
- Online Payment Processors: Neteller, Skrill, and more
MEX Exchange Account Opening
To open an account, click on the “Live Account” button at the top-right corner of the broker’s website and fill the account application form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
MEX Exchange Summary
Overall, MEX Exchange is a regulated multi-asset brokerage firm that is based in Australia. They give traders access to trade multiple financial markets using the MT4 trading platform. There are various educational resources, useful trading tools, and a 24/7 client support team to assist traders. Traders are provided with several trading conditions, such as leverage of up to 1:500, low spreads from 0.0 pips, and more, and no minimum deposit is required to start trading.
Dealing in foreign exchange contracts and our other over-the-counter derivative products carries significant risk. You may lose all of your initial investment and you may also incur losses that exceed your initial investment.