MEXC has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". MEXC found at www.mexc.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The spread at MEXC is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Easy withdrawals|High security standards|Quick verification
Cons: Slow to add new assets
Several red flags with MEXC: (1) They promise unrealistically high returns, (2) They're not registered with Ontario Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
Do not be fooled by the professional-looking website. Behind the scenes, MEXC is disorganized and incompetent. I found them after reading several online reviews and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Instant funding|No hidden fees|Smooth onboarding
Cons: Limited cryptocurrency options|Limited demo account features
I wanted to transfer my portfolio from another broker to MEXC. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Multi-device support|Excellent charting
Cons: Cannot customize dashboard fully