Mexcinvestment is a forex broker registered on its official website on September 8, 2023. It primarily offers financial trading services, including forex, metals, indices, futures, contracts for difference (CFDs), energy, stocks, bonds, cryptocurrencies, and commodities, to investors globally.
Corporate Registration and Regulatory Status:
The broker's website indicates that Mexcinvestment holds a license issued by the Cyprus Securities and Exchange Commission with license number 105/12. Additionally, it is regulated by the International Financial Services Commission of Belize with license numbers IFSC/60/385/TC and IFSC/60/315/AEM. The entity registered with the Cyprus Securities and Exchange Commission is Mexcinvestment Limited, with license number 124/10, and it holds an IFSC license with number IFSC/60/354/TS/18. In the UK, Mexcinvestment operates as Mexcinvestment UK Ltd, regulated by the Financial Conduct Authority (FCA) with license number 705428. Mexcinvestment Pty Ltd is the registered entity in Australia, holding a financial services license issued by ASIC with number 443670.
On the "Contact Us" page, Mexcinvestment claims that its parent company is Exinity Limited, located in Mauritius. However, on the "Terms and Conditions" page, the broker states that Mexcinvestment's website is operated by Safe Side Trading LTD, registered in Saint Vincent and the Grenadines.
Upon investigation, it was found that Mexcinvestment's website content appears to be plagiarized and altered. The broker's mentioned regulatory platforms, including "xtbcryptotrading," could not be verified. Additionally, Mexcinvestment's website content closely resembles that of several other brokers, such as BitPrimeOption, Cryptoresol, CrispFinances, cryptorangefxt, Elitesurefinace, Trust Income, CRYPTO BINARY TRADE, IBES TRADING FX, PRIMAL-FX TRADING, Carlcent Metal Investment, BITFX INVESTMENT PLATFORM, PRIZZYBIZ FOREX COMPANY, SMART MIND ASSET, MKUPG ASSETS, among others.
Account Opening:
To open an account with Mexcinvestment, users can visit the broker's official website, click on "Create Account" in the top left corner, fill out the account registration form, and submit it. The broker will then send a verification code to the user's provided email address. After entering the code, users can log in and start trading.
Account Types:
Mexcinvestment offers users four different types of real trading accounts: Basic Account, Classic Account, Standard Account, and Premium Account.
Basic Account:
- Minimum deposit: $350
- Spread: 1.9
- Maximum leverage: 1:500
- Hedging allowed, no selling
- Provides negative balance protection and swap-free services
- Stop-out level set at 50%
- Minimum trade volume: 0.1 lots
- Offers daily market reviews
- Does not provide daily signals, video tutorials, personal account manager, financial plans, or risk management plans.
Classic Account:
- Minimum deposit: $1000
- Spread: 1.5
- Maximum leverage: 1:500
- Hedging and selling allowed
- Provides negative balance protection and swap-free services
- Stop-out level set at 50%
- Minimum trade volume: 0.1 lots
- Offers daily market reviews
- Does not provide daily signals, video tutorials, personal account manager, financial plans, or risk management plans.
Standard Account:
- Minimum deposit: $2500
- Spread: 1.2
- Maximum leverage: 1:500
- Hedging and selling allowed
- Provides negative balance protection and swap-free services
- Stop-out level set at 50%
- Minimum trade volume: 0.1 lots
- Offers daily market reviews, daily signals, and personal account manager
- Does not provide video tutorials, financial plans, or risk management plans.
Premium Account:
- Minimum deposit: $5000
- Spread: 0.6
- Maximum leverage: 1:500
- Hedging allowed, no selling
- Provides negative balance protection and swap-free services
- Stop-out level set at 50%
- Minimum trade volume: 0.1 lots
- Offers daily market reviews, daily signals, personal account manager, video tutorials, financial plans, and risk management plans.
Trading Platform:
Mexcinvestment provides its users with the Mexcinvestment Web Trader, a proprietary trading platform.
Deposits and Withdrawals:
Mexcinvestment supports various methods for deposits and withdrawals, including bank transfers, debit and credit cards, online cards, and electronic wallets.
Summary:
Traderknows warns investors that Mexcinvestment, along with other brokers like BitPrimeOption, Cryptoresol, CrispFinances, xtbcryptotrading, Elitesurefinace, Trust Income, cryptorangefxt, CRYPTO BINARY TRADE, IBES TRADING FX, PRIMAL-FX TRADING, Carlcent Metal Investment, BITFX INVESTMENT PLATFORM, PRIZZYBIZ FOREX COMPANY, SMART MIND ASSET, MKUPG ASSETS, are suspected fraudulent platforms that have copied registration and regulatory information from various legitimate brokers. It is advisable to choose transparent and reputable trading platforms to avoid unnecessary financial losses. Currently, Mexcinvestment is flagged as "suspected fraud" on Traderknows.
