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MEKNESS foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://cabinet.mekness.com/user/signup, about the company's legal and temporary regulatory information, the company's address Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.

MEKNESS Forex Broker

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MEKNESS

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Mekness Review SummaryFounded2020Registered Country/RegionSaint LuciaRegulationUnregulatedMarket InstrumentsForex, CFDs, Futures, Stocks, Options, Commodities, ETFs, BondsDemo Account/LeverageUp to 1:500SpreadFrom 0.01 pipsTrading PlatformMT5Min Deposit$10Customer SupportTel: +971 43 88 4268, +971 54 719 9005Email: support@mekness.comFacebook, X, YouTube, InstagramRegistered Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint LuciaOperational Address: Office number 202, Blue Tower Sheikh Zayed Road, Dubai UAERegional RestrictionUSA, Canada, Japan, Iran, Federal Territory Labuan Malaysia, Cuba, Sudan, Syria, North Korea Mekness, a trading name for Mekness LLC, is purportedly a Saint Lucian FX broker. According to their claims, it offers a range of tradable financial assets with changeable spreads starting at 0.01 pips on the MT5 for trading platforms on iOS, Windows, and Android, and leverage up to 1:500.Pros and ConsProsConsVarious tradable assetsNo regulationFlexible leverage ratiosRegional restrictionsMT5 platformLimited info on trading feesMultiple payment methodsLow minimum depositNo fees for deposits and withdrawalsIs Mekness Legit? No, Mekness operates without any valid regulations from any authorities. Your fund won't be safe on this platform.What Can I Trade on Mekness?Trading AssetAvailableforex✔CFDs✔futures✔stocks✔options✔commodities✔ETFs✔bonds✔indices❌cryptocurrencies❌Leverage A leverage ratio of up to 1:500 is offered by Mekness, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Trading AssetMax Leverageforex1:100CFDsfuturesETFscommodities1:50options1:10stocks1:1bondsTrading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Android, iOS, WindowExperienced tradersMT4❌/BeginnersDeposit and WithdrawalPayment OptionDeposit/Withdrawal FeeDeposit TimeWithdrawal TimeBank Wire❌3-5 working daysBitcoinUp to 3 hoursUp to 24 hoursMasterCardInstantNETELLERPerfect MoneySkrillVisa
How to login to MEKNESS?

MEKNESS Similar Brokers

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Pros
Offers a low minimum deposit requirement of $10, making it accessible for new traders.
Provides access to the popular MetaTrader 5 (MT5) trading platform, known for its advanced features and user-friendly interface.
Allows high leverage of up to 1:500, which can amplify potential profits for experienced traders.
Cons
Unregulated offshore broker, raising significant concerns about the safety and security of client funds.
Lack of transparency regarding fees and withdrawal processes, leading to potential confusion and mistrust among users.
High spreads and commissions that may be disadvantageous compared to industry standards, impacting overall trading profitability.

Basic Information

Registered Region
Saint Lucia
Operating Period
--
Company Name
Mekness Limited
Abbreviation
MEKNESS
Company employee
--
Customer Service Email Address
support@mekness.com
Contact Number
+97143884268
Company Website
Company Address
Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
How to login to MEKNESS?
Mekness Complete Account Guide: Registration, Account Opening, and Login Processes This comprehensive guide provides a detailed overview of the processes involved in registering, opening an account, and logging into the Mekness trading platform. Whether you are a beginner or an experienced trader, this guide will help you navigate the necessary steps efficiently. Part One: Account Registration Process How to Register a Mekness Account To get started with Mekness, you'll first need to register for an account. Follow these steps: Accessing the Registration Page: Visit the official Mekness website (https://mekness.com/). Look for the "Sign Up" or "Open Account" button prominently displayed on the homepage. Filling in Required Information: Complete the registration form with your personal details, including your full name, email address, phone number, and country of residence. Ensure all information is accurate to avoid any issues during verification. Email/Phone Verification: After submitting your information, you will receive a verification email or SMS with a unique code. Enter this code on the registration page to confirm your email or phone number. Identity Verification (if required): Depending on your region or the account type, you may need to provide identification documents (such as a passport or driver's license) for verification. Upload the required documents as prompted. Registration Confirmation: Once your details are verified, you will receive a confirmation email indicating that your registration was successful. You can now proceed to log in to your new account. Common Registration Issues and Solutions Verification Code Not Received: Ensure that you entered the correct email or phone number. Check your spam folder for the email. If not found, request a new code through the registration page. Document Upload Issues: Make sure your documents are clear and in the correct format (usually PDF or JPEG). If the upload fails, try a different browser or device. Regional Differences in Registration Registration processes may vary based on your geographical location. For instance, users from certain countries may have additional verification steps due to regulatory requirements. Always check the specific requirements for your region on the Mekness website. Part Two: Mekness Account Opening Detailed Guide Understanding the Differences Between Registration and Account Opening While registration creates your user profile on Mekness, account opening involves selecting the type of trading account you wish to use and fulfilling any additional requirements to start trading. Preparation Work Before Account Opening Before you initiate the account opening process, ensure you have the following ready: Identification Documents: Prepare your ID (passport, driver's license) and proof of residency (utility bill or bank statement). Financial Information: Be ready to provide details about your financial situation and trading experience. Detailed Account Opening Steps Selecting Account Type: After registration, log in to your Mekness account. Navigate to the "Account Types" section and choose from available options (e.g., Mini, Standard, Pro, VIP). Submitting Required Documents: Upload the necessary identification and residency documents as prompted. Ensure that all documents meet the specified requirements to avoid delays. Account Review Process: Once you submit your documents, Mekness will conduct a review. This process typically takes 1-3 business days. You will be notified via email of the outcome. Account Activation: Upon approval, your account will be activated, and you will receive confirmation. You can then proceed to fund your account. Initial Setup: Log in to your account and complete your profile by providing any additional information requested. Set up your trading preferences and risk management settings. Frequently Asked Questions About Account Opening How long does it take to open an account? The account opening process generally takes between 1 to 3 business days, depending on the verification of your documents. What types of accounts are available? Mekness offers various account types, including Mini, Standard, Pro, and VIP, each catering to different trading needs and levels of experience. Next Steps After Opening an Account After your account is opened and activated, you can deposit funds and start trading. Familiarize yourself with the trading platform and available tools to enhance your trading experience. Part Three: Mekness Login Process Explained Basic Web Login Process To access your Mekness account, follow these steps: Visit the Mekness Website: Go to https://mekness.com/. Click on the Login Button: Look for the "Login" option on the homepage. Enter Your Credentials: Input your registered email address and password. Two-Factor Authentication (if enabled): If you have set up two-factor authentication, enter the verification code sent to your mobile device. Access Your Account: Click on "Login" to access your account dashboard. Mobile App Login Process If you prefer using the mobile app: Download the Mekness App: Available on both iOS and Android platforms. Open the App: Launch the app on your device. Enter Your Credentials: Input your email and password. Complete Authentication: Follow any additional security steps, such as two-factor authentication. Login: Tap the "Login" button to access your account. Other Login Methods Mekness may offer third-party login options (like Google or Facebook) for convenience. Check the login page for available options. Common Login Issues and Solutions Forgotten Password: Click on the "Forgot Password?" link on the login page. Follow the prompts to reset your password via email. Account Lockout: If you enter incorrect credentials multiple times, your account may get locked. Contact Mekness support for assistance in unlocking your account. Technical Issues: If you experience technical difficulties, try clearing your browser cache or using a different browser. For persistent issues, reach out to customer support. Overview of Features After Login Once logged in, you will have access to your trading dashboard, where you can view account balances, trade history, and available trading tools. Familiarize yourself with the platform to make the most of your trading experience. Additional Sections Account Security Recommendations Use Strong Passwords: Create complex passwords and change them regularly. Enable Two-Factor Authentication: This adds an extra layer of security to your account. Monitor Account Activity: Regularly check your account for unauthorized transactions. Best Practices for Account Management Keep Personal Information Updated: Ensure your contact details are current for account recovery purposes. Educate Yourself on Trading: Take advantage of educational resources offered by Mekness to improve your trading skills. How to Get Technical Support If you encounter any issues, Mekness provides customer support via email (support@mekness.com) and phone. They also have a dedicated help section on their website for common inquiries. This guide aims to provide a clear and concise overview of the Mekness account registration, opening, and login processes. By following these steps, you can efficiently navigate the platform and begin your trading journey. Always ensure to stay updated with the latest information from the Mekness website, as processes and requirements may change over time.

Mekness Forex Broker - Complete Information Guide

1. Broker Overview

Mekness is a forex broker operating under the name Mekness LLC, which is allegedly incorporated in Saint Vincent and the Grenadines. While the exact establishment date remains unclear, the broker has been active since at least 2020. The company's headquarters is located at Lot No. 20, Level 1, Lazenda Commercial Centre Phase 3, Jalan Okk Abdullah, 87000 Federal Territory of Labuan, Malaysia. Mekness operates as a private entity and primarily serves retail clients seeking to trade in various financial instruments.

Mekness primarily targets markets in regions such as Europe and Asia, with a focus on traders looking for forex and CFD trading opportunities. The broker claims to offer an extensive range of trading products, including over 50 forex currency pairs, commodities, indices, and more. However, the lack of transparency regarding its operational history and milestones raises concerns about its legitimacy.

The business model of Mekness revolves around retail forex trading, providing clients access to a proprietary web-based trading platform alongside popular trading software like MetaTrader 5. Despite its claims of being a globally regulated broker, Mekness does not appear to be licensed by any recognized financial authority, which is a significant red flag for potential investors.

2. Regulatory and Compliance Information

Mekness operates without any regulatory oversight, which is a critical concern for potential traders. The broker claims to be registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines; however, the FSA does not regulate forex brokers, and there are no valid regulatory numbers associated with Mekness. Furthermore, the lack of participation in investor compensation schemes and the absence of client fund segregation policies indicate that client investments may not be adequately protected.

Mekness does not provide comprehensive documentation regarding its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for ensuring the legitimacy of financial transactions. The absence of these policies suggests a lack of commitment to safeguarding clients' interests, making it imperative for traders to exercise caution when considering this broker.

3. Trading Products and Services

Mekness offers a variety of trading products, including:

  • Forex: Over 50 currency pairs, including major, minor, and exotic pairs.
  • CFDs: A broad range of contracts for difference, including commodities, indices, stocks, and cryptocurrencies.
  • Special Products: While specific unique products are not highlighted, the broker claims to offer a diverse range of trading instruments.

The frequency of product updates and the introduction of new trading options are not clearly specified, leading to uncertainty about the broker's commitment to enhancing its offerings. Mekness also claims to provide retail trading services, but details about institutional services or white-label solutions are not disclosed.

4. Trading Platforms and Technology

Mekness provides access to the widely recognized MetaTrader 5 (MT5) trading platform, which is available for Windows, Android, and iOS operating systems. MT5 is favored by traders for its advanced charting capabilities, automated trading features, and extensive market analysis tools. However, the broker's proprietary web-based platform details are limited, and there is no mention of any unique features that differentiate it from other brokers.

The execution model employed by Mekness is not explicitly stated, raising questions about whether it operates as an ECN, STP, or Market Maker. Additionally, the broker does not provide information on server locations or technical infrastructure, which are crucial for ensuring fast and reliable trade execution. There is no mention of API access or support for automated trading, which could limit trading strategies for more advanced users.

5. Account Types and Trading Conditions

Mekness offers several account types, including:

  • Standard Account: Minimum deposit of $10, with spreads starting from 1.8 pips and no commission.
  • Universal Account: Minimum deposit of $10, spreads from 1.1 pips with a commission of $7 per lot.
  • Pro Account: Minimum deposit of $10, spreads from 0.6 pips with a commission of $6 per lot.
  • VIP Account: Minimum deposit of $10, with spreads starting from 0.3 pips and a commission of $5 per lot.

The leverage offered by Mekness is up to 1:500 across all account types, which is significantly higher than what regulated brokers typically provide. This level of leverage increases the risk of substantial losses, making it essential for traders to manage their risk effectively. The minimum trade size is not clearly defined, and details regarding overnight fees are not provided, creating additional uncertainty for potential clients.

6. Fund Management

Mekness supports various deposit methods, including bank transfers, credit/debit cards, and e-wallets such as Neteller, Perfect Money, and Bitcoin. The minimum deposit requirement across all account types is set at $10. However, the processing times for deposits and withdrawals vary significantly, with bank wire transfers taking 3-5 business days, while other methods may be processed instantly.

Withdrawals are subject to a minimum amount of $50, and a withdrawal fee of $10 applies to amounts below this threshold. Additionally, if a withdrawal is requested before a specified trading volume is met, a 15% fee may be applied, although the exact details of this requirement are vague. The lack of transparency surrounding withdrawal fees and processing times raises concerns about the broker's reliability in managing client funds.

7. Customer Support and Educational Resources

Mekness offers customer support through various channels, including telephone, email, and social media platforms. The support service is available during business hours, but the specific time zone coverage is not mentioned. The broker reportedly supports English, but details on additional language support are not provided.

Educational resources offered by Mekness appear to be limited, with no specific mention of webinars, tutorials, or e-books. Market analysis services, including daily updates and research reports, are not highlighted, which may hinder traders' ability to make informed decisions. The availability of trading tools such as calculators and signal services is also not specified, further limiting the support provided to clients.

8. Regional Coverage and Restrictions

Mekness claims to serve clients in various regions, primarily focusing on markets in Europe and Asia. However, the broker's operations are not clearly defined concerning regional offices or local regulations. There are no specifics on countries or regions from which clients are prohibited, but the lack of regulatory oversight suggests that traders from jurisdictions with strict financial regulations should be cautious.

In summary, while Mekness may present itself as a viable option for forex trading, the significant concerns regarding its regulatory status, transparency, and overall reliability warrant careful consideration. Traders are strongly advised to prioritize safety and security by choosing regulated brokers with established reputations in the financial industry.

Latest Reviews

FX1247577104

FX1247577104

United Arab Emirates

Even tho I was trading by myself, I still received help from the platform which helped me do safe trade. But withdrawal takes 2 days time which sometimes bothers me but I still had a positive experience with mekness. really happy with their services and how these agents stay in touch with me to resolve all my issues, thank you guys for such lovely services.

Positive

2025-01-14

Romandic

Romandic

Mexico

Mekness Limited delivers on low spreads and solid leverage, making it a great choice for traders who want to maximize their profits. Their platform is intuitive and reliable, making it easy to navigate the markets.

Positive

2024-07-24

Jackie Lee

Jackie Lee

Singapore

Trade execution is slow here. The spreads are high and the trading signals are often inaccurate.

37130

2024-06-28

MEKNESS

News

Mekness Review: Traders Report Alleged Fund Scams & Account Blocks

Exposure Mekness Review: Traders Report Alleged Fund Scams & Account Blocks

Do you witness only fund losses while trading via the Mekness platform? Does the Saint Lucia-based forex broker block your account while earning profits? Haplessly waiting for the support but nothing comes out from the broker’s end? These are nothing new for this forex broker as it constantly receives flak from traders for its illegitimate acts. Broker review platforms are flooded with negative comments from traders. In this article, we will share some reviews of Mekness.

MEKNESS Forex Broker has an overall rating of 2.09, Regulatory Index 0.00, License Index 0.00, Business Index 7.19, Software Index 7.73 Risk Control Index 0.00.