Margex Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- Proprietary platform
- Margex app
- Margex Copy Trading app
- Bonuses help reduce exchange fees
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- Proprietary platform
- Margex app
- Margex Copy Trading app
- Bonuses help reduce exchange fees
Our Evaluation of Margex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Margex is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 8.72 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Margex clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Margex supports trading popular cryptocurrencies, but rare and less liquid coins are not available there. It offers discount promotional codes and bonuses that can be used to cover expenses on trading fees.
Brief Look at Margex
Margex was launched in 2019 and is now available to more than 500,000 clients from over 150 countries. It offers more than 40 cryptocurrencies and futures with low fees and leverage up to 1:100. Margex is suitable for active trading, social trading, and staking. It is available as WebTrader and mobile apps for Android and iOS. The exchange doesn’t provide its services to residents of the U.S., North Korea, Cuba, Afghanistan, etc.
- Minimum initial deposit is $10;
- Low trading fees are applicable for makers and takers;
- Universal web platform is suitable for active and social trading;
- No fees are charged for currency conversion, deposits, or withdrawals;
- A referral program with rewards of 40% of a trading fee is available;
- Staking without the standard funds blocking is provided;
- Leverage is up to 1:100.
- Small choice of cryptocurrencies as compared to the exchange’s competitors;
- Fiat currencies can be deposited and withdrawn only through intermediaries, which implies additional fees;
- Separate mobile apps for active and copy trading.
TU Expert Advice
Financial expert and analyst at Traders Union
Margex specializes in margin trading cryptocurrencies and derivatives. This means that traders can open long positions to buy or short positions to sell cryptocurrencies using leverage that increases their trading capital. The exchange offers to trade different cryptocurrency pairs. Also, there are various tools and features for traders.
It is also known for its low trading fees, a wide range of market analysis, and risk management tools. Its users can trade both spot cryptocurrencies and futures, which allows them to choose the best strategies depending on their goals and preferences. Margex has announced Forex trading, but the exact dates are not known yet.
The web platform provides opportunities for active trading, copy trading, and staking. Its mobile apps are not universal. Traders can use two apps: the first is for manual cryptocurrency trading, and the second is for automated copy trading. Traders are offered an execution speed of 8 ms, which can be checked in a demo mode.
Margex Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary web platform, Margex app, and Margex Copy Trading app |
|---|---|
| 📊 Accounts: | Main Trade and Copy Trading |
| 💰 Account currency: | 21 cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Direct crypto deposits from users’ wallets to their Margex accounts, deposits from a bank card through Changelly and ChangeNow, and withdrawals of cryptocurrencies and fiat currencies to bank accounts through third-party services |
| 🚀 Minimum deposit: | $10 in a crypto equivalent |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | $1 in a crypto equivalent |
| 💱 Commission: |
Makers — 0.019% of the position size; Takers — 0.06% of the position size |
| 🔧 Instruments: | 40+ cryptocurrency pairs, derivatives, and Forex (coming soon) |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market, limit, and stop market |
| ⭐ Trading features: | Bonuses help reduce exchange fees |
| 🎁 Contests and bonuses: | Yes |
Margex activities are based on TradingView charts. It broadcasts the liquidity of 12 providers. Among the available trading instruments are 41 cryptocurrencies paired with the USD. One of the last added pairs is KAS/USD. Leverage varies from 1:5 to 1:100. A demo mode with market data and real-time prices is available.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Main Trade and Copy Trading | Makers — 0.019% of the position size; Takers — 0.06% of the position size |
Miners’ fees |
Traders Union experts have analyzed Margex’s fees for a $1,000 trade. They also compared this amount to trading fees of other crypto exchanges.
| Broker | Average commission | Level |
|---|---|---|
|
$0.4 | |
|
$20 | |
|
$0.1 |
Investment Options
Margex offers active crypto trading opportunities and various passive income options. Yet, to earn from investment activity, traders don’t need large capital. The minimum amount is only $10.
Passive strategies available with Margex
If traders are not interested in active crypto trading but want to receive income on the digital asset market, the following options are available:
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Copying strategies. Margex users can invest their funds in a common pool of a chosen provider. If trades are successful, providers receive a part of the profits of all traders connected to them. If investors deposit less than $100, the profit split is 50/50. If investments are more than $100, subscribers receive 85% of the profit, and providers get 15%.
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Staking. It allows traders to make passive income by holding cryptocurrencies in the internal wallet of the exchange. The peculiarity of staking on Margex is the absence of a blocking period and the use of the total wallet balance. Payouts are calculated and displayed in the user account daily. The annual percentage yield (APY) varies. For example, it is 4% for Bitcoin.
Unlike other exchanges, Margex doesn’t broadcast ready-made signals to sell/buy a certain asset. Also, the platform’s interface doesn’t support trading bots, robots, or ready-made algorithms that can be used for process automation.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program from Margex
Margex offers a referral program for every registered user. At least 40% of the exchange’s fees from trading new clients are received by clients who attracted them. The referral program works as follows:
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Upon creating user accounts, traders receive unique partner links;
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They share them with their friends or unknown traders via social networks or by email;
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Attracted traders use these links to register with the exchange, make deposits, and start trading;
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Upon each closed trade, the exchange calculates trading fees and gives 40% of this amount to its partners, that is traders who attract new clients.
Referral rewards are paid in cryptocurrencies and are calculated daily.
User Satisfaction