What is Margex?

With Margex’s highly scalable infrastructure and bank-level multilayered security, you won’t have to worry about your assets, so you have peace of mind when trading. The platform even provides a section with educational info about trading, so you can grow your knowledge.

Key Features and Advantages of Margex

Margex has a lot of features that their users enjoy. While the exchange currently doesn't support spot trading, and isn't suitable for investors who simply want to buy and hold crypto, it has a lot to offer dedicated leverage traders. Margex has a premium trading interface, 100x leverage, and precise, accurate data. The site is also easy for users to get started, with a quick signup process and beginner-friendly interface. To learn about all that Margex offers, take a look here:

Negatives and Disadvantages of Margex

While Margex has a lot of benefits, there are a couple of downsides that may mean it is not suitable for all users. Have a look to see if these are issues that will affect your experience on the site.

What Services Does Margex Offer?

With the latest trading tools, advanced tweaking options, multilayered security and accurate charts, Margex ensures a seamless trading experience. But it has many other things to offer as well; read on to find out about all the services of Margex.

Easy cryptocurrency purchases:  Margex offers a straightforward way to buy crypto with fiat, using either a credit or debit card. When you make your purchase, you are taken to a payment merchant (eg: Changelly or Changenow) which facilitates the transaction. When I tested out this feature, it was simple to use, and the process only took around a minute.

Popular crypto assets to trade and buy:  Margex does not have the greatest diversity when it comes to cryptocurrencies available. Other crypto exchanges such as KuCoin and MEXC offer hundreds of coins on their platform. However, the coins that are available on Margex are the most popular and frequently traded cryptocurrencies.

For new and intermediate traders, the limited range of coins means that they can trust they are trading a legitimate and liquid asset. They don't need to worry about trading a scam coin as Margex doesn't list them on their site. Here is a list of some of the popular coins available on Margex.

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

Fast, efficient and advanced trading interface:  Experienced traders will enjoy Margex's layout, with its advanced trading interface, packed with almost every feature imaginable. Ultra-fast order execution, precise market movements, concise data, and customization are all available on Margex.

From the left panel of the website, users can quickly place trades and tweak settings to their preference. On the right panel is the order book along with a section displaying the most recent trades. In the bottom panel, you will find all of your open positions and related details. In the middle of the screen, you can evaluate charts, toggle full-screen mode, use technical indicators, change borders, edit candlesticks, and more, to analyze the market.

Margin trading:  If you want to maximize the returns on your investment while investing minimal funds, Margex has you covered. Margex specializes in margin trading, which enables you to multiply your potential earnings by increasing your equity.

For example, if you plan to execute a trade with $100, and you choose to use 100x leverage, you are using $10,000 of funds to trade. This means that even a small market movement of 1% would mean that you make 100% profit on your initial investment of $100. This can lead to quick profits with low investment amounts; however you must be aware that if the market moves the opposite way, you can lose everything just as quickly.

I don't recommend margin trading unless you are an experienced trader, and have considered the risks of trading using leverage.

Mobile apps for Android and iOS:  In 2024, most people expect to be able to do everything on their phones. This includes trading crypto, and thanks to Margex's app, you can trade wherever and whenever you like. The mobile app is designed similarly to the desktop platform, and are available for both Android and iOS users to download from the respective app stores.

I downloaded the app on my iPhone to test it out, and found that it offered a smooth and quick trading experience. The app included all the features that I used on the desktop site, and the optimized layout meant that even on a smaller phone screen, I could navigate the platform easily.

Beginner-friendly platform:  Margex is very beginner-friendly, perfect for newcomers to margin trading. Rather than having an overly complicated platform, Margex has limited the site to include only the features and options that most margin traders need. Immediately after registering on Margex, you can visit the wallet section to deposit (or buy) crypto, or you can go to the exchange and see the available markets.

When I first signed up, I found it very easy to navigate the site, and locate anything I was after. You won't have to worry about getting lost in large menus on Margex.

Quick signup with no verification required:  Many crypto exchanges allow users to sign up within seconds. But most centralized exchanges will require verification of your ID with documents, selfies, and more, before you can begin trading.

With Margex, there is no need for any of that, as it doesn't require any KYC, so you can trade anonymously, as soon as you register. Not only is it quicker, but you also retain your privacy, which is particularly important when you are dealing with large amounts of money or crypto.

40% referral commissions:  If you have friends or family members who are interested in margin trading crypto, you can refer them to Margex, and in exchange, you will receive 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 as many people as you like to Margex. Every time they make a trade, you will receive 40% of their trading fee as a commission! The more referrals you have, the more you earn.

Great customer support:  Margex offers two methods of contacting customer support, via email and live chat. Some users prefer email as they are more comfortable with writing their query out in their own time. However, I prefer live chat, as you can get an instant response, and you can follow up with more questions.

The live chat team is available 24/7 so no matter where you are in the world, you can access help at all times. It is also accessible to anyone, even if you are not yet registered with Margex.

I tested out the live chat and received a response in under a minute. He was very professional, and able to assist me with my query quickly.

Secure and safe trading environment:  Margex is a safe cryptocurrency exchange with bank-grade security, ensuring that its users' data and funds are always secure. It uses multilayered protective systems to avoid breaches or hacks. 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 newer crypto traders and investors, Margex offers an extensive section full of guides and helpful video tutorials. You can easily learn how to perform various actions on the site, and understand how the entire exchange operates. If you are not familiar with crypto trading, I suggest you start here and learn as much as you can.

What I Don't Like About Margex

Before registering on Margex, it is a good idea to consider any disadvantages of the exchange. In my opinion, there are a couple of points where the platform needs to improve:

Very limited range of cryptocurrencies:  The variety of coins on Margex is limited, as it only offers 39 different cryptocurrencies that users can trade. This limits the experience of professional traders who may be looking for lesser known altcoins to trade. 

No diversity in trading markets:  Besides the small range of cryptocurrencies, Margex is also limited to margin trading. If you are a beginner trader looking to spot trade, this is not available at the time of writing. If you are an experienced trader looking for more advanced trading options, you may also be disappointed to find that there are no derivatives, ETFs, or fiat currencies to trade.

Margex Fees

Margex Deposit Fees

Margex does not charge users to deposit cryptocurrencies on the exchange. However, if you want to purchase crypto using fiat, you will have to pay a fee to the third-party payment merchants (but not to Margex).

Margex Trading Fees

Margex follows a relatively simple fee structure when it comes to margin trading. They have a fixed fee of 0.019% for makers and 0.060% for takers. 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.

Margex Crypto Withdrawal Fee

The crypto withdrawal fee depends on the coin that you are withdrawing.

Pros and Cons of Margex

The Verdict

Having a secure, safe and anonymous exchange offers you peace of mind when margin trading, and Margex has been working on these aspects since its creation. Besides the high-level of security, Margex offers a user-friendly platform with informational guides, customer support, and low trading fees.

If you want to sign up with Margex, use my 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. Additionally, but you will receive 15% of your first deposit as a bonus as well! For example, if your first deposit is $1,000, 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 as it is currently not available there. Instead, you can take a look at my article on the best US crypto exchanges for margin trading. If you are looking for a more basic crypto exchange, read my 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.

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