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.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. MEXC Global (www.mexc.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Two-factor authentication|Economic calendar|Good mobile app|Copy trading available
Cons: No integrated tax optimization
MEXC Global (www.mexc.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Full transparency|Tax reports included|Quick verification|Risk management tools
Cons: Cannot customize dashboard fully
My withdrawal from MEXC Global (www.mexc.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 about ten months of being strung along.
Pros: Clear documentation|Regular updates
Cons: Some tools only available on higher tiers