Margex Review

Margex Review

Robert McDougall 

November 1, 2022

Cryptocurrency

What is Margex?

Margex is a modern and revolutionary cryptocurrency exchange that makes it possible for people from all over the globe to trade and invest their money in the blockchain industry. Margex was developed by traders for traders, and specializes in margin trading.

With Margex’s highly scalable infrastructure and bank-level multilayered security, you don’t have to worry about your assets, making it a great choice for those who want peace of mind when trading. The platform even provides a section that focuses solely on relevant info about trading and investing, so you can continually build your knowledge.

  • Web Address: www.margex.com
  • Main Location: Seychelles
  • Cryptocurrencies: BTC, USDT, ETH, DAI, TRX, LINK, XRP and a few more
  • Fiat Currencies: USD, AUD, CAD, EUR, GBP
  • Payment Methods: Visa/Mastercard, Cryptocurrency
  • Deposit Fees: Varies
  • Trading Fees: 0.019% / 0.060% maker/taker
  • Mobile App: Yes

My Overall Thoughts on Margex

Margex is one of the best crypto margin trading platforms. As its focus is to provide great trading and investing to a major portion of the world, Margex has made it really easy to sign up. Users don’t even need to provide identity documents or complete KYC, so you can trade anonymously immediately.

After signing up with your email, simply head to the trading interface to begin your journey. Options like margin trading, customization and accurate charts enhance your experience and help you trade the way you want. But there is more to Margex that makes it a great choice. These are the best features that users enjoy.

1) The exchange has an excellent layout, guides and customer support:  These are the three aspects that make Margex a great choice for beginners in the blockchain industry. The beginner-friendly interface and easy-to-understand features make it easy for any amateur trader to understand what’s offered. The guides and video tutorials make it even easier for traders to learn new things about the industry. The live chat support and great customer service are a cherry on top!

2) The overall trading features are useful:  Margex allows its users to margin trade up to 100x. It also offers fast and accurate charts, order books, position details and other great trading features.

3) You can purchase crypto instantly:  Many exchanges offer instant purchases with the help of third-party payment merchants. Margex allows credit and debit card payments, making the whole process even faster than usual.

The only aspect where Margex could improve is by increasing the variety of coins it offers. Maybe in the future, Margex will increase the coins on offer.

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Key Features and Advantages of Margex

Margex has some great benefits for both traders and investors. While the opportunities might seem meager to users who are looking only to buy crypto assets, the platform does not compromise even a bit when it comes to trading. Margex has a premium trading interface, options like leverage, and precise and accurate data. The platform also makes it easy for users to get started with a quick signup process and a beginner-friendly interface. To learn more about these and the other benefits Margex offers, take a look below:

Negatives and Disadvantages of Margex

Margex is a blessing for many traders or investors because of how easy the platform makes it for everyone to explore the crypto industry. However, Margex is missing some beneficial aspects, which could put a damper on your experience.

What Services Does Margex Offer?

Since Margex is a quality-focused cryptocurrency exchange that aims to provide everyone with the opportunity to trade and invest, it does bring a lot of features and functions essential to the modern crypto industry. It even offers video tutorials and brief guides to help its users understand the platform and the industry.

With the latest trading tools, advanced tweaking options, multilayered security and accurate charts, the platform ensures a seamless trading experience. But it has many other things to offer as well. Keep reading to learn about all the services of Margex.

Easy cryptocurrency purchases:  If you are looking for an easy and hassle-free crypto purchasing experience, check out Margex. The platform offers one-click crypto purchases. Because the platform supports credit and debit card payments, the whole process usually takes only a minute.

While purchasing, you might have to leave the exchange and visit the exchange’s partners, such as Changelly or Changenow. Payment merchants make it easier for the platform to let users buy cryptocurrencies without creating big hurdles for the exchange. In the end, you might have to pay a little fee to use those payment merchants, but the ease, flexibility and efficiency are definitely worth it.

Popular crypto assets to trade and buy:  Margex does not have the greatest diversity when it comes to cryptocurrencies. Some exchanges offer hundreds of crypto assets for purchase or trade. But Margex offers only a few popular cryptocurrencies.

While this is a huge downside for professional traders and investors, new users often love the idea of keeping options minimal. The following are nearly all the crypto assets that Margex currently offers its users:

  • BTC
  • ETH
  • USDC
  • USDT
  • DAI
  • USDP
  • WBTC
  • LINK
  • TRX

Notice that the list contains the most popular crypto assets. Many of them are stablecoins, that you can trade against other coins, without worrying about volatility.

Fast, efficient and advanced trading interface:  Now comes the part that most traders look forward to. No experienced trader would opt for a crypto exchange without basic trading features in this advanced era of technology. That is where Margex comes in. It has a fast, efficient and advanced trading interface with almost every feature, be it ultra-fast order execution, precise market movements, concise data or customization.

From the left panel of the platform, traders can easily execute trades and tweak the settings to their liking. On the right panel is the order book along with the section on most recent trades. The lower panel is where you can find all of your open positions and related details. In the middle, you can evaluate the charts, toggle full-screen mode, use indicators, change the borders, replace candles and do much more to analyze the market.

Margin trading:  If you have limited funds, don’t worry–Margex has you covered. If you have never tried out margin trading, now is the time to learn about the benefits it offers. Margin trading multiplies the potential of your earnings by increasing your equity.

For example, if you plan to execute a trade with $10, but you choose to go with 10x leverage, your trade would be placed as $100, and even little market movements can make you quick profits. But if the market goes the wrong way, your funds will vanish just as quickly. That is why it is a good idea to first evaluate the market and its conditions before opening any orders with leverage.

Mobile apps for Android and iOS:  In this era of advancement, you should be able to trade wherever and whenever you want. Thanks to mobile apps, that’s possible with Margex. The mobile apps are designed similarly to the desktop platform, and they offer a smooth and fast experience.

Margex mobile apps are available for both Android and iOS users, and anyone can download them from their respective app stores.

Beginner-friendly platform:  Margex is a very beginner-friendly platform. Rather than making it complicated so it appears overly advanced, Margex has kept everything simple, including only the features and options that the common investor or trader needs. Right after signing up, you can either visit the wallet section to deposit or buy cryptocurrencies or stay on the exchange to start trading with your funds. In other words, you don’t have to explore the whole site just to find the option you are looking for.

Quick signup with no verification required:  You might have seen countless crypto exchanges that allow users to sign up within seconds. But have you ever seen a crypto exchange that does not require verification, documents, or a selfie with your identity card? Probably not! With Margex those hassles are stripped away, as the exchange does not require users to verify their identity.

Simply sign up with your email address and start trading within seconds. But be sure to use your authentic details, in case you have to provide your identity in a scenario that you never expected.

40% referral commissions:  If you have friends or family members who are interested in trading, you can refer them to Margex, and in exchange, you will get a 40% rebate on their trading fee.

The best thing is that there is no cap on the number of people you bring to the platform. You can refer the platform to as many people as you want, as long as they create legitimate accounts. Every single time they pay the trading fee, you will receive the commission. So the more referrals you have, the more you earn.

Great customer support:  Every exchange that offers live chat solutions has good customer support in my book. Margex is one of the great ones, with a live chat system anyone can access, whether they are registered on the platform or not.

Unfortunately, Margex’s live chat is not available 24/7. If you need help during the off hours, you can open a ticket. You will usually receive a reply within a few hours.

Secured and safe trading environment:  Margex is a safe cryptocurrency exchange that offers bank-grade security to its users. It uses multilayered protective systems to avoid breaching or hacking. Not only that, all assets are stored in offline cold wallets so it is impossible for unauthorized persons to access them.

Broad trading guide section and video tutorials:  For traders and investors who are joining the exchange with a blank slate, this feature might seem like heaven. Margex hosts a section filled with many guides and tutorials, including video tutorials that help users to actually see how to perform different actions and implement them quickly. If you are new, I recommend you go through all the basics before diving into any trading market.

Things I Don't Like About Margex

Before deciding on Margex, it is a good idea to explore its negatives, too. There are a few things that the platform needs to improve, remove or replace. Let’s take a look at the things I don’t like about Margex.

Very limited range of cryptocurrencies:  If you saw the list of crypto assets above, then you know the variety is limited. The platform offers 13 cryptocurrencies that users can trade or invest their money into. This definitely limits the experience of professional traders who look for diversity. It may even affect your experience if you are looking to invest your money in unique projects.

No diversity in trading markets:  Margex only offers users the option to margin trade. There is no spot trading available, and no ETFs, derivatives or fiat assets.

Margex Fees

Margex Deposit Fees

Margex does not charge its users to deposit cryptocurrencies on the platform. When purchasing digital assets, users must pay a fee to third-party payment merchants and not the exchange itself.

Margex Trading Fees

Margex follows a relatively simple fee structure when it comes to trading. They have a fixed trading fee for all assets. Makers pay 0.019% and takers pay 0.060%. As for the overnight funding fee, it varies depending on the asset you have chosen and the funding period.

Margex Fiat Withdrawal Fee

The platform does not support fiat withdrawals or deposits. Users can only use fiat to purchase crypto assets through third-party services.

Margex Crypto Withdrawal Fee

The crypto withdrawal fee depends on the asset you are withdrawing.

Pros and Cons of Margex

Pros
  • Easy and fast crypto purchases
  • Professional trading interface
  • Margin trading with up to 100x leverage
  • No verification of ID required to use Margex
  • Great customer support and guides
Cons
  • Very low variety of cryptocurrencies
  • No diversity in trading markets

The Verdict

Having a secure, safe and private trading exchange can offer you peace of mind in the long term, and Margex has been working on these aspects since its creation. The exchange has not only been successful in terms of security and safety but also integrated trading options that can multiply your earning potential. If you want only to purchase crypto assets, you will find it easy to do on Margex due to its layout and quick turnaround.

The platform only needs to work a little on adding more crypto assets and markets. Otherwise, Margex offers above-average accuracy, precision, guides, customer support, layout and overall experience. Remember, if you want to sign up with Margex, use our link here to receive $100 FREE bonus as a welcome offer! You will receive $50 as soon as you sign up, and another $50 when you make your first deposit of $300 or more. Not only that, but you will receive 15% of your first deposit as a bonus as well! This means if your first deposit is $1000, you will receive $150 free as a bonus. This is on top of your $100 bonus welcome offer, so you receive $250 total!

If you live in the USA, you won't be able to use Margex. You are better suited looking at our article on the best crypto exchanges for margin trading to find one that is available in the US. If you are looking for a more basic crypto exchange, read our article on the best crypto exchanges in the US (click here). There is also a table below that you can use to help compare the top crypto platforms.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
MEXC Global
Pionex
Coinmama
Uphold
Crypto Exchange
Crypto Exchange
eToro
MEXC Global
Pionex
Coinmama
Uphold
Fiat Currencies
Fiat Currencies
USD
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, GBP, EUR, CHF, AUD, JPY & 21 more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.2% for spot, 0.02%/0.06% for futures
0.05%
2.93% - 3.90% (depending on loyalty level)
Fees included in the spread

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Frequently Asked Questions

Can US residents use Margex?

Unfortunately, Margex is not available for users living in the United States of America. Margex also restricts residents from a few other countries due to laws and regulations.

Can you trust Margex with your funds?

Margex is a safe, secure and trusted crypto exchange that has served thousands of traders to date. You can trust them with your funds when trading or investing.

Is Margex a beginner-friendly platform?

Margex is a very beginner-friendly platform offering tons of guides, live chat support and video tutorials.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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