Cryptocurrency exchanges provide bespoke solutions in 2021, including margin trading, stacking, DeFi farming, crypto loans, and more. But today, let’s take a look at Margex, which offers a clean, user-friendly interface, high leverage trading, and bank-grade multi-level security. Data shows it is the fastest-growing crypto derivatives exchange in the industry.
What Is Margex?
Margex is a Bitcoin-based derivatives exchange you can depend on to provide a secure trading experience. Our users can access global cryptocurrency markets with up to 100x leverage.
Is Margex A Legitimate Platform?
Margex offers a refreshing change to the sea of crypto derivatives exchanges out there. The platform offers low fees, high leverage, and leading industry security standards. Margex is a legitimate platform is designed with crypto traders in mind.
- The friendliest UI in the industry, as stated by Finance Magnates.
- Pro trading features.
- Full accounting indicators, such as trading fees, financing, PnL, etc., in real-time.
- Stop-loss/take profit option to avoid being stuck screen watching.
- Unique MP Shield™ AI-based technology to prevent price manipulation and unfair liquidations due to scam wicks.
- Pricing pegged to average prices on leading spot exchanges.
- Adjustable isolated leverage of up to 100x.
- Available assets: BTC, ETH, LTC, XRP, EOS, and YFI.
- High liquidity from external liquidity providers.
- Competitive fees.
- Get started in less than 1 minute with no KYC requirements.
- Generous referral program offering 40% commissions.
Margex offers highly competitive fees across all trading instruments with a low Maker’s fee of 0.019% and a highly competitive Taker’s fee of 0.060%.
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Deposits And Withdrawals:
Deposits and withdrawals on Margex are limited to Bitcoin only. This might be a problem for some users who need more flexibility, especially fiat on/off ramping.
However, Margex does have some leeway with on-ramping by the provision of the Changelly app which enables buying crypto by credit card.
MP Shield System:
Cryptocurrency is a nascent industry that’s prone to high volatility, as well as market manipulation. Although regulators are scrambling to implement legislation, there are difficulties involved with bringing consistent and fair legislation.
In the meantime, traders often lose out due to manipulative practices, including scam wicks and whale activity. But Margex’s MP Shield System is an AI-controlled technology that monitors price feeds to ensure a fair trading experience for users.
MP Shield is one of many security features on Margex that protects users from fraudulent activity.
Finance Magnates: “In the crypto markets, privacy is key, and sometimes cryptocurrency traders holding leveraged positions don’t want to give up their information to institutions.
Margex takes this into account and makes it easy for anyone to sign up on their exchange — all you need is to create an account and make a deposit, and you can start margin trading. You don’t need to give up your KYC details.”
The Margex referral program earns you Bitcoin by inviting others to trade on the Margex platform. You get 40% of the fees paid by your referrals, which you receive daily in your Margex account. So, how do you get started?
- Sign up on Margex
- Login to your account
- Go to the ‘REFERRAL‘ tab
- Scroll down and you’ll find your referral link including your unique code
- Click to copy the link and share it with your friends and other traders
Where is Margex based?
In the Seychelles.
When did you launch?
Do you accept traders who live in the USA?
Which cryptocurrency trading pairs are available on the platform?
BTCUSD, ETHUSD, XRPUSD, EOSUSD, LTCUSD, and YFIUSD
What is the taker fee?
Excluding volume-based discounts, the taker fee is 0.060%. Full details can be found here.
What is the maker fee? (excluding any volume-based discounts)
Excluding volume-based discounts, the maker fee is 0.019%. Full details can be found here.
How much do you charge to withdraw BTC?
Miner fee depending on the network load. Currently around 0.0005 BTC.
Is wire transfer an available deposit method?
Yes, via the Changelly widget.
Is credit card payment an available deposit method?
Yes, via the Changelly widget.
Do you offer fiat withdrawals?
Can users deposit cryptocurrencies from other exchanges/wallets?
Do you offer an affiliate program?
Yes, a referral program with 40% flat rate commissions is available. Full details can be found here – https://margex.com/referral
Do you offer leveraged trading?
Do you offer futures with expiry dates?
Do you offer perpetual futures?
Yes, with up to 100x leverage.
Do you offer take-profit and stop-loss orders?
Do you offer forex/stock/commodities trading?
Margex Platform Summary:
Due to no KYC requirements, Margex offers a quick account opening process. New applicants can start trading in about a minute. Although Margex provides a secure and transparent trading experience, this exchange is not regulated. Nonetheless, as an up-and-coming exchange, Margex looks promising, plus the fee structure is highly competitive compared to rival exchanges.