MEXC Global (www.mexc.com) has been flagged by ASIC (Australia) for "Unlicensed". Link to warnings from overseas regulators: CNMV https://www.iosco.org/v2/investor_protection/?subsection=investor_alerts_portal&id=30228&entity=HTTPS://WWW.MEXC.COM, FCA
https://www.fca.org.uk/news/warnings/mexc-global-ltd-https-wwwmexccom
Addresses: Sertus Chambers, Second Floor, The Quadrant ... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.mexc.com.
The platform at MEXC Global (www.mexc.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: Clear documentation|Quick verification
Cons: No live chat on mobile|Wait times can be long during peak hours
I lost a significant amount because MEXC Global (www.mexc.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Competitive fees|Full transparency
Cons: No phone support on weekends|No crypto staking
If you are reading this considering MEXC Global (www.mexc.com) - run. I wish I had read more negative reviews through my accountant's suggestion. I thought the positive ones were real. Maybe some are. My experience over since the beginning of the year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Two-factor authentication|Fast deposits|API access
Cons: Website design could be more modern|Charting tools need more indicators
MEXC Global (www.mexc.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Clean UI|Copy trading available
Cons: Nothing significant|Charting tools need more indicators
The mobile app from MEXC Global (www.mexc.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Smooth onboarding|Great customer service
Cons: Some tools only available on higher tiers|Slow to add new assets
KYC with MEXC Global (www.mexc.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Copy trading available|Regular platform improvements|Excellent charting|Full transparency
Cons: Help articles are sometimes vague|No dark mode on mobile
The only good thing about MEXC Global (www.mexc.com) is that they remind you why regulation matters. I found them after doing extensive research. 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: Economic calendar|Multi-currency support
Cons: Help articles are sometimes vague
I closed a profitable position at MEXC Global (www.mexc.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Easy withdrawals|Regular platform improvements|Two-factor authentication
Cons: Search feature is basic|Wait times can be long during peak hours
I had high hopes for MEXC Global (www.mexc.com) after comparing multiple platforms, 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: Clear documentation|Wide product range|Economic calendar|Dividend tracking
Cons: Limited social trading features|Search feature is basic
After since early this year with MEXC Global (www.mexc.com) 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: Risk management tools|Reliable uptime|Tax reports included|Economic calendar
Cons: Spreads widen during volatile periods|Minimum deposit could be lower