Mercatox 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
- $5
- Own platform
- There are many cryptocurrencies, there are pairs with fiat funds, there is a P2P exchanger, a credit program is provided, there is a referral program and a loyalty program
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
- $5
- Own platform
- There are many cryptocurrencies, there are pairs with fiat funds, there is a P2P exchanger, a credit program is provided, there is a referral program and a loyalty program
Our Evaluation of Mercatox
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
Mercatox is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.6 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Mercatox clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Mercatox Crypto Exchange offers extensive opportunities for margin trading cryptocurrencies in pairs with other cryptocurrencies and fiat funds. In addition to trading, the site has a P2P exchange and a profitable trader lending program. The loyalty program allows you to reduce commission costs and trade even more profitably. Deposit opportunities and affiliate programs provide passive earning channels.
Brief Look at Mercatox
The Mercatox exchange is a platform for trading cryptocurrencies like BTC, ETH, LTC, DAS, USDT, and others. The exchange also offers a P2P digital asset exchange service, and each user is provided with a universal cryptocurrency wallet for free. Mercatox offers an integrated trader lending service with investment options. Among the offers of the site, there is a standard referral program, a loyalty program, and a franchise partnership. The platform charges a commission for all trade transactions in the amount of 0.25% of the trade volume, regardless of the assets involved. Extended AML verification requires two-factor authentication. The company's trading terminal has only a web version, mobile trading is not presented.
- a large selection of cryptocurrencies, plus pairs with fiat;
- simple but functional terminal interface;
- profitable trader lending program;
- affiliate program and loyalty program;
- single commission for all trading operations;
- high level of data security;
- multicurrency electronic wallet;
- hot and cold storage methods for cryptocurrencies;
- large trading volumes,
- the company is licensed.
- you cannot use bank cards and accounts to deposit funds;
- the trading terminal does not have a mobile version; it is only web-based.
TU Expert Advice
Financial expert and analyst at Traders Union
The Mercatox crypto exchange is a unique project in many ways. It provides a modern trading terminal for cryptocurrency margin trading. In addition to cryptocurrency pairs, there are also fiat pairs. Also, there is a fixed commission of 0.25% for all trades. The terminal itself is functionally convenient and intuitive. It should be noted that the site does not have commissions for withdrawing funds. This is a rarity because today most crypto exchanges charge such a fee.
In addition to crypto trading, a P2P exchange is presented on Mercatox. Its function is to make loans to fellow crypto traders. Users can make a deposit at interest so that the site provides other community members with funds on credit to use for trading. Another advantage is a free universal wallet in which you can store any cryptocurrency and fiat currencies. However, it should be borne in mind that it is impossible to replenish the wallet through bank cards and accounts.
The indisputable advantages of the site are a two-tier affiliate program and a loyalty program. The referral program allows you to earn from the commissions of the invited users and from the commissions of those whom they invite. The loyalty program, in exchange for brand promotion in the network space, lowers the commission and increases the bonus payments. Thus, an active trader can significantly reduce all costs, especially if he uses rebates when registering through Traders Union.
Mercatox 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: | Own platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, currencies |
| 💵 Replenishment / Withdrawal: | Electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | От 5$ |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | There are many cryptocurrencies, there are pairs with fiat funds, there is a P2P exchanger, a credit program is provided, there is a referral program and a loyalty program |
| 🎁 Contests and bonuses: | No data |
The Mercatox crypto exchange provides loyalty conditions for entry, but the initial deposit is very small. It is the same for verified and unverified users. The currency in which the account is replenished also does not matter (the amount is compared at the current BTC rate). The crypto exchange does not provide leverage; instead, traders can take out credit for trading. Support is provided via email and social networks; the company does not have its own call center. There is basic information on trading conditions below.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.25% per order | No |
Overall, Mercatox has one of the most lucrative commission policies out there. For you to be convinced of this, the Traders Union experts have prepared a small table in which a comparison is made with competing crypto exchanges:
| Broker | Average commission | Level |
|---|---|---|
|
$0.25 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Mercatox crypto exchange offers traders a lending and investment program. This program is integrated into the trading terminal; it can be found in the corresponding section. Any user can go to this section and become a member of the program by choosing the amount that he is ready to provide to traders engaged in margin trading.
The investor himself determines the amount of the deposit. The larger the deposit, the more interest it will bring. For its part, the crypto exchange provides transparency and security of lending. A trader who borrows funds is burdened with legal obligations to repay the loan on time. In a critical situation, the crypto exchange will provide the investor with funds from a reserve fund.
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.
Mercatox’s affiliate program
The Mercatox crypto exchange offers users a two-tier referral program, which differs from most peers in that you receive payments not only from the commission fees charged from your invited affiliates but also from any referee your referral invites (second tier). Here are the conditions for participation in the program:
You need to register and be verified on the crypto exchange website. After that, a personal referral link will be available to you in your personal account.
You can direct the link to other people personally through private channels or use public channels by posting the link on your blogs and other resources.
Any user who has registered using your link becomes your referral. You receive 15% of the commissions on all his trade transactions.
All users who are invited to the site by your referral also become your referrals (not the first, but the second level). You get 5% from their commissions.
The referral program is unlimited, you will receive a percentage of the commissions of affiliates of the first and second levels as long as they trade on the site. Payments are made instantly as soon as your referral has paid the commission, but repayments are only possible in the currency of the trade.
User Satisfaction