“MEXC EXCHANGE” has been flagged by Hellenic Capital Market Commission for "Unregistered/Unlicensed entity offering financial products or services|Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After for about eight months with “MEXC EXCHANGE” I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: API access|Regular platform improvements
Cons: Nothing significant|Alert system is basic
After doing some research AFTER the fact (I know, I should have done this first), I discovered that “MEXC EXCHANGE” is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
After doing some research AFTER the fact (I know, I should have done this first), I discovered that “MEXC EXCHANGE” is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Flagged by international regulators|Due diligence required
I was about to invest with “MEXC EXCHANGE” but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Hellenic Capital Market Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly