MEXC, established in 2018, does not clearly showcase its office headquarters. MEXC primarily offers users financial derivative trading services in cryptocurrencies such as BTC/USDT and ETH/USDT. However, this broker does not provide services to mainland China, and there is no clear information about the countries and regions it serves.
MEXC's Corporate Background:
MEXC is a broker providing trading services with servers in multiple countries, yet no specific office addresses can be found, despite its official website claiming establishment in 2018. According to Whois information, the domain was registered in 2000, which does not align with the company's stated establishment date. The website lacks detailed descriptions of the team and specific company addresses, making MEXC's corporate background appear somewhat opaque and lacking transparency.
MEXC's Regulatory Information:
MEXC claims to be under regulation from some well-known jurisdictions or affiliated companies, but no evidence supports this claim. Its regulatory information is not displayed to customers, urging investors to be cautious with their investment actions. This indicates that the described "regulation" is merely on paper and not actual oversight by any financial regulatory body.
MEXC's Account Registration Process:
Open the MEXC official website, click the registration button, and fill in your personal information. Next, submit identity verification details. After completing these steps, make a deposit to start trading.
MEXC's Trading Products:
MEXC offers customers the most popular cryptocurrency trading services, categorized into two types:
- Spot Trading: MEXC allows investors to engage in spot trading, offering a variety of spot cryptocurrencies. Available trading pairs include but are not limited to BTC/USDT and MX/USDT.
- Contract Trading: MEXC permits investors to participate in contract trading, providing various contract cryptocurrency trading services. Available trading pairs include but are not limited to ETH/USDT and BTC/USDT.
MEXC's Trading Software:
Self-Developed Trading Platform
MEXC provides investors with a self-developed trading platform for cryptocurrency trading that meets basic trading needs. However, MEXC does not offer popular trading software like MT4/MT5, which may impact the platform's credibility and does not fulfill the needs of some customers. Customers should be aware of potential trading risks when considering trading on this platform.
MEXC's Account Types:
MEXC's official website does not provide specific information regarding account types. It is currently unknown whether different types of trading accounts are available to meet varied investor needs. Additionally, MEXC's website does not describe the leverage ratios available to customer accounts, leaving account type details unclear.
MEXC's Spreads and Commissions:
MEXC's contract and spot spreads are at a minimum taker fee of 0.01%
Commission details are not clearly introduced on the official website. The commission structure and model are crucial to investors as they impact whether customers are willing to refer their friends or develop new customers. MEXC's website does not clearly describe this aspect.
MEXC's Deposit and Withdrawal Methods:
MEXC offers various methods to buy cryptocurrencies, such as VISA and MASTERCARD. Additionally, MEXC provides direct cryptocurrency purchase options, such as Bitcoin, using services like Google Pay and PayPal. Customers need to assess risks before conducting related transactions.
MEXC's Customer Support:
Currently, this broker offers multilingual customer support, including Chinese, English, Vietnamese, Japanese, and Korean. Customers can find an online chatbot on the official website or communicate with MEXC through media such as Twitter, Facebook, Tiktok, Telegram, Discord, Line, and Instagram. Additionally, customers can submit inquiries online via the official website to interact with the MEXC team. However, MEXC does not clearly provide traditional customer support methods like hotline numbers or email addresses.
Conclusion:
MEXC was established in 2018, with no relevant financial regulatory information available. MEXC provides services for various cryptocurrency trading products. It is important to note several key points: MEXC lacks clear regulatory information and a specific corporate address. It uses a self-developed trading platform instead of mainstream software like MT4, MT5, or C-Trader. Additionally, MEXC has not provided traditional contact methods (such as phone or email) and has not specified its customer groups and countries. Notably, the official registration time for MEXC does not match the domain registration time.
Traderknows reminds investors to thoroughly educate themselves, understand market mechanisms, and carefully consider their investment goals and risk tolerance before engaging in high-leverage trading.
Currently, MEXC is marked as " Suspected Fraud" on Traderknows.
