MEXC Trading Platform has been flagged by Financial Services Agency for "Unregistered/Unlicensed entity offering financial products or services". 1. Location of office or Address
Unknown
2. Content, etc. of Business
Solicitation of OTC derivatives transactions on the internet without the statutory registration in Japan
3. Notes
The name of financial service provided by the company is “MEXC”. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I was about to invest with MEXC Trading Platform but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Services Agency has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
Customer support at MEXC Trading Platform seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Good analytical tools|Detailed reporting|Tax reports included|Smooth onboarding
Cons: Search feature is basic
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. MEXC Trading Platform said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Smooth onboarding|Clean UI|Easy withdrawals
Cons: No crypto staking
Opened my account with MEXC Trading Platform after comparing multiple platforms and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Excellent charting|Multi-device support|No hidden fees
Cons: Research section could be deeper
I had a dispute with MEXC Trading Platform and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Competitive fees|No hidden fees|Demo account available
Cons: Slow to add new assets|Research section could be deeper
I invested $15,000 with MEXC Trading Platform after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Services Agency.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
I experienced a security concern with my MEXC Trading Platform account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Personal attention|Smooth onboarding|Helpful community forum
Cons: Alert system is basic|Would like more payment methods
The reporting at MEXC Trading Platform is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Personal attention|Copy trading available
Cons: Account statements could be more detailed|Alert system is basic
MEXC Trading Platform offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Smooth onboarding|Low minimum deposit|Helpful community forum|Quick verification
Cons: Wish they had more educational resources|Help articles are sometimes vague
I requested my data from MEXC Trading Platform under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Market news feed|Good analytical tools|Automated trading options|Intuitive for beginners
Cons: Live chat only during business hours|Could offer more webinars