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.
After for over a year with MEXC Trading Platform, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Social trading features|Dedicated account manager
Cons: Some tools only available on higher tiers|No crypto staking
MEXC Trading Platform seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Economic calendar|Full transparency
Cons: Nothing significant|No integrated tax optimization
The platform itself is okay, but the customer service at MEXC Trading Platform is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Multi-currency support|Economic calendar
Cons: Email notifications too frequent|No crypto staking
I looked into MEXC Trading Platform and found they appear in the regulatory warnings database. Financial Services Agency has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
The spread at MEXC Trading Platform is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a podcast recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Tax reports included|Fast deposits|Multiple order types
Cons: No integrated tax optimization|Limited demo account features