margex.com has been flagged by AMF (France) for "Unauthorised". Category: Crypto-actifs This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: margex.com.
I opened an account with margex.com for over three years ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Reliable uptime|Copy trading available|Automated trading options
Cons: Limited demo account features|Limited ETF selection
Do not believe the bonus offer from margex.com. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after comparing multiple platforms and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: No hidden fees|Full transparency
Cons: Desktop app not available on Linux|Wait times can be long during peak hours
I had high hopes for margex.com from a blog post comparing services, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Market news feed|Real-time alerts
Cons: Email notifications too frequent
My withdrawal from margex.com was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for a few weeks now of being strung along.
Pros: Good mobile app|Full transparency
Cons: Charting tools need more indicators|Spreads widen during volatile periods
The platform at margex.com is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about ten months of dealing with this, I have had enough.
Pros: Easy to use platform|Segregated accounts|Excellent charting
Cons: Charting tools need more indicators
After using margex.com for the past year and a half, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Good analytical tools|Transparent fees
Cons: Currency conversion fee exists
The onboarding at margex.com was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Tax reports included|Fast execution|Dedicated account manager|Dividend tracking
Cons: Inactivity fee applies after 12 months
margex.com changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Regular updates|Dividend tracking|Personal attention|Portfolio tracking tools
Cons: Slow to add new assets|Limited cryptocurrency options
The only good thing about margex.com is that they remind you why regulation matters. I found them when my bank disappointed me and I searched for alternatives. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Multiple order types|Helpful community forum
Cons: Limited ETF selection|Website design could be more modern
Do not be fooled by the professional-looking website. Behind the scenes, margex.com is disorganized and incompetent. I found them from a review site like this one and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Quick verification|Regular updates|Economic calendar|Easy to use platform
Cons: Inactivity fee applies after 12 months