Note: MEXEMs official site - https://www.uk-en.mexem.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Overview of MEXEM
MEXEM is a Cyprus-registered European broker with a long establishment. It primarily operates in European countries, the Middle East, and Africa, offering a variety of trading products to investors. MEXEM holds an authorized representative license of yprus Securities and Exchange Commission (CySEC) with regulation number 325/17. However, its license with the Financial Conduct Authority (FCA) in the United Kingdom has been revoked.
MEXEM provides investors with access to a wide range of market instruments, including metals, mutual funds, bonds, options, stocks, futures, exchange-traded funds, and warrants. The broker offers multiple account types to cater to the specific requirements of individual traders, institutions, and other entities. These include individual accounts, joint accounts, trust accounts, family office accounts, and various other types.
For trading, MEXEM offers several platform options, including a customer portal, desktop trading platform, mobile application, IBOT trading platform, and MEXEM API. The broker has established fee structures for different products, such as stocks, options, futures, investment funds, and interest rates. Fees vary depending on the specific product being traded.
MEXEM's customer support can be contacted via telephone or email, and the broker maintains a presence on social networks like Twitter and Facebook.
While MEXEM has certain advantages such as being regulated by CySEC and offering a wide range of trading products, there are some notable drawbacks. The FCA license for MEXEM has been revoked, and the website of the broker is currently inaccessible, which may limit transparency and access to information.
In conclusion, MEXEM is a regulated European broker offering various trading products. However, potential investors should consider the revocation of its FCA license and the currently unavailable website when evaluating its suitability for their needs.
IS MEXEM Legit？
MEXEM is a European broker registered in Cyprus and founded in 1986. It offers a variety of trading products, including metals, mutual funds, bonds, options, stocks, futures, exchange-traded funds, and warrants, and provides a range of account types to meet different trading needs. MEXEM is regulated by the Cyprus Securities and Exchange Commission (CySEC) and holds an authorized representative license with regulation number 325/17.
However, there are some concerns regarding MEXEM's legitimacy. Its official website, https://www.uk-en.mexem.com/, is currently not functional, which could raise doubts about its credibility and transparency. Moreover, its Financial Conduct Authority (FCA) license has been revoked, which is a cause for concern. Additionally, its scores on regulatory and license indexes are relatively low.
Therefore, while MEXEM is a regulated broker, the revocation of its FCA license and the inaccessibility of its website may raise some concerns about its legitimacy and transparency. Potential clients should exercise caution and conduct further research before considering opening an account with MEXEM.
Market Instruments
MEXEM offers a wide range of market instruments for trading and investing. Here are the main market instruments available:
Stocks: MEXEM provides access to various stock markets worldwide, allowing traders and investors to buy and sell shares of individual companies.
ETFs (Exchange-Traded Funds): ETFs are investment funds that are traded on stock exchanges. MEXEM offers a selection of ETFs, providing investors with diversified exposure to different asset classes, sectors, or regions.
Forex (Foreign Exchange): MEXEM allows trading in the forex market, where traders can speculate on the exchange rate movements between different currency pairs.
Funds: MEXEM provides access to mutual funds and investment funds, allowing investors to invest in professionally managed portfolios of stocks, bonds, or other assets.
Bonds: Traders can trade bonds through MEXEM, including government bonds, corporate bonds, and other fixed-income securities.
Options: MEXEM offers options trading, allowing traders to enter options contracts to speculate on the price movements of underlying assets or to hedge their investment positions.
Futures: Futures contracts enable traders to speculate on the future price of an asset or hedge against price fluctuations. MEXEM provides access to various futures markets, including commodities, indices, and currencies.
CFDs (Contract for Difference): MEXEM offers CFD trading, which allows traders to speculate on the price movements of financial instruments without owning the underlying asset.
Warrants: MEXEM provides access to warrants, which are financial instruments that give the holder the right, but not the obligation, to buy or sell an underlying asset at a specific price within a certain period.
Structured Products: MEXEM offers structured products, which are customized investments that combine different financial instruments to create specific risk-return profiles tailored to the investor's needs.
It's important to note that the availability of specific market instruments may vary depending on the jurisdiction and regulatory restrictions. Traders and investors should review the platform's offerings and consult with MEXEM directly for the most up-to-date information on available market instruments.
Pros and Cons
Account Types
MEXEM offers a variety of account types to cater to different types of clients. The account types can be categorized based on ownership and the services provided. Here is an overview of the account types offered by MEXEM:
Individual Accounts: These accounts are owned and used by a single individual. They are suitable for individual traders and investors who want to manage their own investments.
Joint Accounts: Joint accounts are owned and used by two individuals. This type of account is suitable for couples or business partners who want to jointly manage their investments.
Family Office Accounts: This account type is designed for individuals who are Family Office Managers. Family offices typically manage the wealth and investments of high-net-worth families.
Friends and Family Accounts: This account is for a client group of up to 15 members. It allows a group of individuals, such as friends or family members, to collectively manage their investments.
Small Business Accounts: Small Business accounts are designed for small corporations. They provide the necessary features and services for managing the investments of a small business.
Advisor Accounts: Advisor accounts are for individuals who manage both client administration and client funds. This type of account is suitable for financial advisors who want to manage their clients' investments.
Funding Manager Accounts: Funding Manager accounts are for individuals or corporations registered as advisors who are hired on behalf of another advisor. These accounts enable the management of investments on behalf of another advisor.
Copyright Trading Group Accounts: This account type is for partnerships, corporations, unincorporated legal structures, or limited liability companies involved in trading activities.
Hedge and Mutual Fund Accounts: These accounts are designed for investment managers who manage single investments, multiple funds, or multiple co-mingled funds.
Compliance Officers Accounts: Compliance Officer accounts are for corporations to keep track of their employees' trading activity. These accounts provide oversight and monitoring capabilities.
Each account type may have specific requirements and features tailored to its purpose. MEXEM's account opening process is fully digital and straightforward, and there is no minimum deposit requirement, making it accessible to a wide range of clients.
Pros and Cons
Leverage
MEXEM provides leverage to its users through the activation of a margin account. To qualify for a margin account, a minimum liquidity of $2,000 is required. When registering an account, users must choose between activating a Liquidity account or a Margin account.
By utilizing margin, traders can conduct trades with a fraction of the required liquidity for a purchase. Essentially, it allows users to trade with borrowed funds provided by the broker, creating a financial overdraft. The specific calculation for available margin is variable and influenced by factors such as the risk level of individual securities and the overall risk of the portfolio. The maximum margin available for opening new positions is determined by the portfolio's risk.
The margin calculation considers various factors beyond individual trades. For instance, if an investor's portfolio has a predominantly bullish market exposure, selling securities can help balance the portfolio's risk. As a result, the Trading Workstation (TWS) recognizes a lower margin requirement.
Overall, MEXEM offers leverage through its margin accounts, allowing traders to amplify their trading power and potentially increase their investment returns. It is important to note that leveraged trading carries additional risks, and users should fully understand the implications and manage their positions responsibly.
Pros and Cons
Trading Platform
MEXEM offers multiple trading platforms to cater to the diverse needs of its clients. Here are the main trading platforms provided by MEXEM:
Client Portal Web Platform: The Client Portal is MEXEM's web-based trading platform accessible through a web browser. It is user-friendly and suitable for traders of all levels, including beginners. The platform provides a range of features and tools for effective trading, such as order placement, portfolio monitoring, price alerts, and comprehensive reports on trading performance and fees. The Client Portal is available in multiple languages and offers a straightforward and intuitive trading experience.
MEXEM Mobile Trading Platform: MEXEM offers a mobile trading platform for iOS and Android devices. The mobile app allows clients to trade on the go and provides access to essential trading functionalities. Although the platform may not be as advanced as some competitors' mobile platforms, it offers features like two-step login for enhanced security, a variety of order types, price alerts, and access to market information, charts, news, and fundamental data. The mobile platform also includes a chatbot called IBot, which allows users to execute trades and obtain quick information.
MEXEM Desktop Trading Platform: MEXEM provides a desktop trading platform for advanced traders who require more sophisticated tools and functionalities. The desktop platform offers extensive features, including advanced charting capabilities, customizable layouts, advanced order types, real-time market data, and access to global markets and products. While the desktop platform may have a steeper learning curve compared to the web and mobile platforms, it provides advanced trading capabilities for experienced traders.
These trading platforms allow MEXEM clients to access a wide range of financial instruments, including stocks, ETFs, forex, bonds, options, futures, CFDs, warrants, and structured products. Clients can trade these instruments across various global markets.
It's important to note that while MEXEM's platforms offer a range of features and tools, the desktop platform may be more suitable for advanced traders due to its complexity, while the web and mobile platforms are more user-friendly for traders of all levels.
Pros and Cons
Fees
MEXEM has set detailed fees for stocks, options, futures, investment funds, interest rates, and other products, such as 0.12% for Australian stocks (AUD), 0.06% for Belgian stocks (EUR), C$0.01 per share for Canadian stocks (CAD), 0.06% for German stocks (EUR), 0.12% for Hong Kong stocks (HKD), and 0.15% for Hong Kong stocks (offshore RMB ) is 0.15%.
Customer Support
MEXEMs customer support can be reached by telephone: 35724022446, email: info@mexem.com. You can also follow this broker on social networks such as Twitter and Facebook.
Conclusion:
MEXEM is a Cyprus-registered European broker that offers investors the opportunity to trade on various financial products. It is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding its authorized representative license. However, its Financial Conduct Authority (FCA) license has been revoked. MEXEM provides a wide range of trading products and offers multiple account types to choose from.
One advantage of MEXEM is its regulation by CySEC, which provides a level of oversight and protection for investors. Additionally, MEXEM offers a diverse selection of trading products, allowing investors to access various markets. The availability of multiple account types caters to different trading needs.
However, there are some notable disadvantages. The FCA license revocation raises concerns about the broker's regulatory compliance. Furthermore, the MEXEM website is currently inaccessible, which limits access to essential information and raises transparency issues. These factors make MEXEM less suitable for beginners who require a user-friendly and transparent trading environment.
In conclusion, while MEXEM offers a range of trading products and is regulated by CySEC, its revoked FCA license and the current inaccessibility of its website are significant disadvantages. Traders should exercise caution and consider alternative brokers with a stronger regulatory standing and a more transparent online presence.
FAQs
Q : What is the registered country of MEXEM？
A : MEXEM is registered in Cyprus.
Q : What types of market instruments can be traded on MEXEM？
A : MEXEM offers trading in metals, mutual funds, bonds, options, stocks, futures, exchange-traded funds, and warrants.
Q : What types of trading accounts does MEXEM offer？
A : MEXEM offers various types of accounts to meet the specific requirements of individual traders, institutions, and other entities. These include individual accounts, joint accounts, trust accounts, family office accounts, and more.
Q : What trading platforms are available on MEXEM？
A : MEXEM provides multiple trading platform options, including a customer portal, desktop trading platform, mobile application, IBOT trading platform, and MEXEM API.
Q : Is MEXEM regulated by any financial authority？
A : Yes, MEXEM is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Q : Is MEXEM suitable for beginners？
A: No, MEXEM is not recommended for beginners due to its unavailable website and lack of transparency.
MEXEMs customer support can be reached by telephone: 35724022446, email: info@mexem.com. You can also follow this broker on social networks such as Twitter and Facebook.
2023-02-20 17:55
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