MEX Exchange Account Types offers two live trading accounts, which consist of the Classic Account and the ECN Account. MEX Exchange offers the Meta Trader 4 platform.
MEX Exchange at a Glance
| 🔎 Broker's Name | MEX Exchange |
| 📍 Headquartered | Sydney, Australia |
| 📅 Year Founded | 2012 |
| ⚖️ Regulating Authorities | ASIC |
| 🌐 Countries not accepted for trade | United Stated |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $0 |
| 💳 Deposit Options | Visa, Mastercard, Skrill, Neteller, BankWire, China UnionPay |
| 💳 Withdrawal Options | vVisa, Mastercard, Skrill, Neteller, BankWire, China UnionPay |
| 💻 Platform Types | MT4 |
| 📱 OS Compatibility | PC, web, smartphones |
| 📈 Tradable assets offered | (CFD), Forex, and Metals |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | 👉 Open Account |
Min Deposit
USD 0
Regulators
ASIC
Trading Platform
MT4
Crypto
Yes
Total Pairs
36+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our MEX Exchange Account Types below.
MEX Exchange Account Types – 8 key points quick overview
- MEX Exchange Overview
- MEX Exchange Account Types
- MEX Exchange Account Features
- MEX Exchange Demo Account
- MEX Exchange Islamic Account
- MEX Exchange Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the MEX Exchange Account types as well as the treading features and benefits offered for each account.
MEX Exchange Overview
MEX Exchange was incorporated in 2012 in Sydney, Australia. Since then, MEX has remained at the forefront of the Financial Services Industry and continues to strengthen its presence both in Australia and globally.
MEX Exchange boasts a wide feature offering and excellent customer support infrastructure teamed with staff that has longstanding industry experience.
Since its launch MEX Exchange has evolved with the advancements in the Forex industry, and the broker’s regulatory environment, and has set itself as one of the most well-regarded institutions in the industry.
Serving individuals, introducing brokers and institutions, MEX Exchange offers advanced trading platforms and the tightest pricing in the field of online financial trading in products, including Foreign Exchange, Metals (Gold & Silver), Stocks, and CFDs.
MEX utilizes state-of-the-art Equinix Datacentres in New York’s NY4 as well as London’s LD4 along with oneZero connectivity that allows MEX to choose from leading tier-one liquidity providers.
This allows the broker to create customized liquidity pools that meet their trader’s unique needs. Put simply this means that the broker can provide systemically tailor the pricing to suit your trading strategy and keep costs low as possible for you.
MEX Exchange is a holder of Australian Financial Services Licence Number 416 279. As an AFSL Holder MEX is bound by strict measures and controls in relation to client money.
MEX also implements strict Anti-Money Laundering (AML), Counter-Terrorism Funding (CTF), and Know Your Client (KYC) measures as a part of its commitment to Compliance.
MEX Exchange upholds the highest of standards to provide its clients with excellent service based in Australia and around the world.
MEX Exchange Account Types
The broker offers two live trading accounts, which consist of the Classic Account and the ECN Account.
The Classic Account provides users with swift execution speeds and with market-leading spreads so this account type is suited for all traders.
Server stability and reliability are the number one priority at MEX Exchange. To this end, the broker provides its clients with the latest and best technology which is why its servers are housed in the hub of the finance district in New York.
The broker has relationships with some of the largest liquidity providers in the industry to be able to provide its clients with a first-class trading experience.
The ECN Account offers your market-leading pricing and trading conditions through the MT4 platform by providing clients with True ECN Connectivity.
Using MEX ECN, this forex trading platform gets its raw feed directly from the broker’s ECN (Electronic Communication Network) connection and as a result yields the tightest spread on EURUSD starting from 0.0 pips on average, making it the front runner in the broker’s offering.
MEX Exchange Account Features
| 🌐 Account | Classic account | ECN Account |
| 💰 Minimum Deposit | $0 | $0 |
| 💻 Platform Types | Trading Platform: Meta Trader 4 | Trading Platform: Meta Trader 4 |
| 📈 Maximum Leverage | 500:1 | 500:1 |
| 👍 Demo Account | Yes | Yes |
| 💰 Spreads | As low as 0.5 Pips | As low as 0.0 Pips |
| 📈 Commission | $0 | $7 |
| 💻 Platform Types | Meta Trader 4 | Meta Trader 4 |
| 👉 Open a account | 👉 Click Here | 👉 Click Here |
MEX Exchange Demo Account
MEX Exchange offers a free demo account to new traders, allowing them to test the broker’s features and trading conditions before signing up for a live account. As such, the demo account provides traders access to the following features:
Multiple documented APIs
Liquidity provider service available
Full use of all Expert Advisors to automate your trading
Instant sub-second trade capture/execution
Pure ECN
Competitive dealing and the tightest spreads
MEX Exchange Islamic Account
Unfortunately, MEX Exchange does not offer an Islamic Account for traders of the Muslim faith. This is a drawback for such traders as these accounts fulfill a significant role, which is described in more detail below.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
An Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
Min Deposit USD 0 Regulators ASIC Trading Platform MT4 Crypto Yes Total Pairs 36+ Islamic Account No Trading Fees Low Account Activation 24 Hours
MEX Exchange Pros and Cons
| ✔️ Pros | ❌ Cons |
| ECN account available | Limited deposit currencies |
| High leverage | Limited trading instruments |
| MetaTrader 4 available | No swap-free account available |
| No minimum deposit | |
| Very tight spreads and competitive commissions | |
| Well-regulated broker | |
Conclusion
MEX Exchange Account Types vary according to what traders require. MEX Exchange boasts a wide feature offering and excellent customer support infrastructure teamed with staff that has longstanding industry experience.
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Frequently Asked Questions
Trading environment
How many instruments can I trade with MEX Exchange?
MEX Exchange offers a variety of instruments across the following asset classes:
- Forex
- Metals
- CFDs
- Spot Commodities
- Cash Indexes
Which platforms are supported by MEX Exchange?
MetaTrader 4, MEX NexGen MT4.
Does MEX Exchange charge commission?
Yes, the Classic Account is offered commission-free, while the ECN Account has a commission of $7, which is average when compared with the general industry standard.
Are there additional charges on the Islamic account?
MEX Exchange does not offer an Islamic Account.
What is the overall rating out of 10 for MEX Exchange?
The overall rating is 8/10.
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