Margex, established in 2020, has swiftly gained recognition as a thriving cryptocurrency trading platform. But is enough information known about this platform that offers derivatives trading?
This Margex review aims to provide a complete understanding of the Margex trading platform, including details on registration, bonus acquisition, and high-leverage trading with up to 100x leverage.
So, buckle up, and let’s get started to explore together!
What is Margex Crypto Exchange Platform?
- Parent Company: Margex Trading Solutions Ltd.
- Main location: Seychelles
- Daily volume (on July 5, 2023): $113.91M.
- Mobile app availability: iOS and Android.
- Transfer types: Debit Card, Crypto Transfer.
- Supported fiat currencies: AUD, USD, CAD, GBP, EUR.
Margex is a next-gen Bitcoin-based derivatives trading platform where you can trade up to 100x leverage on all available pairs such as Bitcoin, Ethereum, Polygon, and more against the USD. Remember that Margex is a trading platform, so you can only trade, as the platform does not provide users with the ability to buy or sell crypto specifically in the real sense.
So, this platform facilitates trading significant cryptocurrencies, like BTC, ETH, MATIC, USDT, USDC, TRX, DAI, LINK, AVAX, WBTC, and more.
Regarding the founding team, the trading platforms don’t disclose their founding partners, but it is known that Margex was established in Seychelles, where the Margex platform is not regulated. In Seychelles, trading exchanges can operate without permits or regulations due to the local market conditions.
Margex introduces a custom-built exchange made from the ground up in order to provide the ultimate trading experience. Accompanied by a user-friendly interface, the Margex exchange platform delivers a lightning-fast trading engine, massive liquidity, and a tamper-proof system.
Compared to all of the other derivatives trading platforms and the problems they suffer from, such as freezes and market manipulators, there is clearly a need for a higher-quality trading platform to emerge in the market.
Besides, Margex offers a customized trading engine to process up to 100,000 transactions per second.
In a Nutshell Margex Offerings
- Ultra-Fast Order Execution – The trading interface of the platform is highly efficient, advanced, and speedy. It offers many features, including ultra-fast order execution, accurate market movements, concise data, and extensive customization options.
- No Overloads – To this day, Margex remains resilient, as it has not encountered any system overload or platform lagging issues since its official launch. The infrastructure and technology behind Margex have proven robust and efficient, providing traders with a smooth and uninterrupted trading experience, thus offering a better experience than many other crypto exchanges.
- Competitive Trading Fees – Margex has no deposit fees for cryptocurrencies, but users are responsible for paying fees to third-party payment merchants when purchasing digital assets. The trading fees are fixed, with makers paying 0.019% and takers paying 0.060%. Margex does not support fiat currency withdrawals or deposits (you will understand how that is possible later), and the crypto withdrawal fees vary depending on the specific asset being withdrawn.
- Adjustable Leverage Up to 100x – Margex specializes in trading crypto derivatives, providing a range of leverage options from a minimum of 5x to a maximum of 100x leverage. However, it’s important to note that Margex does not support spot crypto trading on their platform. Of course, all these leverages differ depending on the trading pair. Regarding trading pairs, at the time of writing, there are more than 18 trading pairs available.
- Easy-to-Use Interface – From the sign-up process to the withdrawal process to navigating the platform, it is incredibly intuitive and easy to use.
- Segregated Liquidity from More Than 12 Providers – By incorporating a pooling system, Margex brings together over 12 liquidity providers, merging their liquidity into a single, extensive order book. This dynamic approach guarantees that your entry and exit prices are optimized, offering you the most competitive spreads available in the market.
- Price Manipulation Protection – Margex prides itself on not listing illiquid assets and maintains strict protocols to prevent price manipulation scams. This dedication safeguards traders from potentially fraudulent activities, providing a trustworthy trading environment where prices are not artificially manipulated.
- No KYC – Margex takes a unique approach by not directly facilitating the purchase of cryptocurrencies on its platform. Instead, users can deposit supported cryptocurrencies or utilize services like Changelly or ChangeNOW to acquire digital assets. This innovative strategy prevents Margex from implementing KYC policies since they are not involved in the direct purchase process. By providing alternative means of acquiring cryptocurrencies, Margex can maintain a no-KYC policy while enabling users to access the trading services they need.
Registration Process on Margex Cryptocurrency Derivatives Trading Platform
Registration on Margex takes no more than a minute. All you need to do is input your e-mail, confirm that you are not a resident of certain countries, and click register. After that, you must verify your e-mail. Once your e-mail address is verified, you will be able to deposit and start trading immediately.
Remember that Margex operates under a no-KYC policy, eliminating users needing to submit documents or provide personal details, so you don’t need to submit any documents or personal information.
Deposits and Withdrawals on Margex Trading Platform
Deposit Funds on Margex
Margex platform offers convenient options for funding your account. You have the flexibility to deposit cryptocurrencies directly into your Margex account or easily purchase crypto using a credit card through trusted partners like Changelly or ChangeNOW, all within the Margex platform.
When it comes to crypto deposits, the Mergex platform currently natively supports the following crypto assets: BTC, USDT, USDC, USDD, ETH, BUSD, TRX, LTC, BNB, SOL, AVAX, BCH, MATIC, TUSD, XRP, ARB, LINK, DAI, USDP, WBTC, TON, and stETH.
Margex has been adding more coins lately, so expect the list to expand with a new check of the site.
Related to deposit fees, Margex platform ensures a fee-free experience. You won’t encounter any charges for depositing funds into your Margex account. Additionally, there are specific minimum deposit amounts for each currency, as follows:
- BTC: 0.0005;
- ETH: 0.006
- USDT (TRC20, ERC20, POLYGON): 10;
- USDC (ERC20, POLYGON): 10;
- TRON (TRX): 143;
- POLYGON (MATIC, ERC20): 10;
- DAI: 10;
- PAX DOLLAR (USDP): 10;
- WRAPPED BITCOIN (WBTC): 0.0005;
- CHAINLINK (LINK): 1.3.
Withdraw Funds on Margex
Withdrawing funds from Margex is a seamless process. Users can transfer their crypto assets from the Margex wallet to other external compatible wallets.
Initiating a withdrawal is easy through Margex’s user-friendly interface, providing maximum options for exploration. Users must select the desired wallet, click the Withdraw icon, and copy-paste the external address. Enter the withdrawal amount, and if 2FA is enabled, provide the required authentication. Finally, users must click the “Withdraw” button to complete the process.
The same assets are available for withdrawal that are available for deposit.
You must know that direct bank transfers are not available on Margex. Still, users can leverage third-party services to exchange their crypto for various fiat currencies and transfer them to their bank accounts.
The Margex Wallet landing page gives users an overview of their account details. This user-friendly interface lets Users conveniently deposit and withdraws funds in real-time.
The transaction history feature, conveniently located within the wallet section, allows users to track and access detailed information about their past exchanges.
Trading on Margex
Trading on Margex is designed to be simple, as the platform offers one of the industry’s cleanest standard layouts regarding leveraged trading exchanges.
For new users, they can begin their trading journey by utilizing the Demo Trading feature, allowing them to familiarize themselves with the website’s indicators and functionalities.
Margex specializes in crypto derivatives trading, offering options for leverage trading ranging from a minimum of 5x up to a maximum of 100x.
It’s important to note that Margex does not facilitate spot crypto trading on its platform. However, you can explore an extensive selection of trading pairs available for derivatives trading, allowing you to engage in various cryptocurrency trading opportunities.
The left side is reserved for the order tab, where you adjust the details of your position, such as – quantity, limit price, and leverage. In the trade section, you can see details such as deal ID, date, type, asset, quantity, margin, stop loss, take profit, and more.
Margex provides various order types to cater to different trading strategies.
With Market Orders, users can customize their order type to swiftly exchange cryptocurrencies and secure the most favorable available price at that moment.
Limit Orders empower users to closely monitor price movements and position themselves above or below the current price chart.
Lastly, Conditional Orders enable investors to customize this order type to automatically execute trades based on predetermined price triggers during periods of price volatility.
The chart resides in the middle, powered by TradingView with a full suite of trading indicators. The order book and last trades are situated on the right, where you can check the depth of a market.
Setting Up Stop Loss and Take Profit
Setting stop loss and take profit is fairly easy. Click on the numbers that are set for stop loss and take profit, and a window will pop up where you will need to input the desired price level. Although, it may be confusing the first time as there are no clear indicators that this is a button.
Closing a Position or an Order
Closing positions is done by clicking on the “Close” button on the left side. You can either “Close Market” or “Close Limit.”
Speaking about Margex security key features, you must know that the Margex platform prioritizes advanced security measures to safeguard users’ financial assets and personal information. They have an AI-customized MP Shield, fortified by robust data encryption features, in order to provide a secure trading environment that mitigates the risk of financial fraud and hacking attempts.
This integrated custom-built real-time AI-based system monitors suspicious trading activities and the consistency of the price feed. There is also a liquidity pooling system that pulls liquidity from several liquidity providers, thanks to which Margex aims to ensure the best entry and exit prices for its users.
On top of everything, Margex applies a price-squeezing protection system in order to execute orders at the expected price level.
Also, the client accounts on Margex are protected by 2FA Authentication, E-mail confirmations, SSL encryption, e-mail notification, and alerts. Margex stores 100% of user funds in Cold Storage to maximize the funds’ security level. This system is accompanied by real-time monitoring for every asset movement done on the platform.
Margex Trading Infrastructure
Margex has an elastic server infrastructure that provides the ability to scale on-demand with the trading engine capable of handling up to 100,000 transactions per second. This assures that the platform will keep having instant order execution even in moments of very high trading activity and volatility.
Margex Customer Support
The Margex platform has 24/7 live chat customer support, which will answer any questions within minutes.
However, it may be insufficient that Margex currently only offers customer support via e-mail and live chat on the platform, even though they also put into play a handy Help Center and video tutorial section.
Margex offers competitive fees for crypto exchanges and market orders, ensuring cost-effective trading experiences. The platform imposes two trading fees for acquiring digital currencies.
Margex’s funding fees are automatically applied to users’ accounts and factored into the overall cost of their trades. These fees are calculated based on the last 8-hour interval. However, if a market position is closed before the funding period, users are exempted from Margex’s funding fees.
When users withdraw liquidity from an order book by initiating provisional or market orders, Margex applies taker fees. These fees are incurred when market orders are converted into stop-market or stop-loss orders.
By understanding the fee structure associated with taker fees, traders can make informed decisions when executing their orders on the Margex platform.
Margex implements maker fees for trades executed when providing liquidity to the order book through delayed orders.
Unlike market orders that are instantly matched, limit orders are placed below the current market value for Buy Orders or above the current market value for Sell Orders. This fee structure also applies to Take Profit orders.
At the time of writing, the following crypto trading pairs were available along with their specific market fee and taker fee:
|Pair||Taker Fee||Maker Fee||Min. Leverage||Max. Leverage|
With a taker fee of only 0.060% and a maker fee of 0.019%, Margex can be considered to provide low trading fees for its users.
Margex Affiliate Program
In this Margex review, we also need to talk about their affiliate program. Why? Because Margex’s affiliate program stands out as one of the top offerings in the crypto industry, attracting traders with its lucrative incentives.
This profitable scheme provides advanced trading fee structures, allowing crypto investors to earn a generous 40% commission from their referred users.
With Margex’s low trading fees, traders can enjoy enhanced referral arrangements, guaranteeing a flat commission rate of 40% without any limitations.
Margex Pros and Cons
Pros of Margex
- The platform offers high-leverage trading for crypto pairs, catering to the individual needs of users.
- Margex provides high liquidity trading pairs, ensuring smooth and efficient trading experiences.
- The platform rewards users with price manipulation offers and boasts fast customer support for timely assistance.
- Margex offers leverage trading with a maximum leverage of 100x, enabling users to amplify their trading potential.
- Lucrative affiliate program.
- Designed for newbies and has an easy-to-use UI.
Cons of Margex
- The platform has limitations regarding trading fee options, restricting the selection opportunities available.
- The platform operates from Seychelles and operates without regulation.
- Limited crypto assets and fiat currencies are supported.
- No data about the founding team.
Margex is one of the easiest to use trading platforms out of the many in the crypto industry. This is the platform where you can literally register and start trading in a few minutes without wasting time.
So, based on our thorough Margex review, it is evident that Margex excels in some chapters as a cryptocurrency derivatives trading platform, offering users an excellent trading interface for seamless crypto transactions. Security and low fees are among the standout features of this platform.
However, you should know that Margex doesn’t excel at everything. Not all the trading pairs are available, or rather, not many are available, just as no data is known about the founders.
Even so, with its benefits, it can be a good platform for potential investors, a platform that renders advanced trading fees, an outstanding affiliate program, and much more.
Nevertheless, don’t forget to do your own review on the platform and the crypto industry in general and possibly take care to use an independent financial advisor.