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MEKSA foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.meksa.com.tr/yatirim, about the company's legal and temporary regulatory information, the company's address Şehit Teğmen Ali Yılmaz Sok. Güven Sazak Plaza A Blok No:13 Kat: 3-4 34810 Kavacık - Beykoz / İSTANBUL.

MEKSA Forex Broker

No Regulation
MEKSA

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Company profile

General Information & Regulation MEKSA, a trading name of Meksa Yatırım Menkul Değerler A.Ş, is allegedly a financial brokerage company established on June 28, 1990, and registered in Turkey. The broker says it operates in the Borsa Istanbul Stock Market with the Certificate of Authorization for Trading Intermediation obtained from the Capital Markets Board, claiming to provide its individual and corporate customers with various financial services. Here is the home page of this brokers official site: As for regulation, it has been verified that MEKSA does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.43/10. Please be aware of the risk. Negative Reviews A trader shared his terrible trading experience in the MEKSA platform at WikiFX. He said that MEKSA is a scam broker and he didnt get the promised 50% deposit when the date arrived. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams. Services MEKSA advertises that it offers a diverse range of services, which include investment consulting, brokerage services, portfolio management, derivative instruments, VIOP services, fund management, research, forex markets and corporate finance. Deposit & Withdrawal The minimum deposit amount to realize the forex investments within MEKSA is said to be 50,000 TL by the CMB. However, the broker didnt reveal any information about the acceptable deposit and withdrawal methods. Customer Support MEKSAs customer support can be reached by telephone: 02166813400, Fax: +90 (216) 6930570, +90 (216) 6930571, +90 (216) 6930572, email: destek@meksafx.com or send messages online to get in touch. You can also follow this broker on social media platforms such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: Şehit Teğmen Ali Yılmaz Sok. Güven Sazak Plaza A Blok No:13 Kat: 3-4 34810 Kavacık - Beykoz / İSTANBUL. Risk Warning Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
How to login to MEKSA?

MEKSA Similar Brokers

Latest Reviews

Pros
Offers access to a variety of financial instruments, including forex, CFDs, commodities, and indices.
Provides trading through popular platforms like MetaTrader 4, which is familiar to many traders.
Execution speed is generally reported to be efficient, enhancing the trading experience.
Cons
Lacks proper regulation, which raises concerns about the safety and security of client funds.
Customer support has received mixed reviews, indicating potential issues in responsiveness and effectiveness.
Some users have reported difficulties in withdrawing funds, citing unexpected fees and delays.

Basic Information

Registered Region
Turkey
Operating Period
--
Company Name
Meksa Yatırım Menkul Değerler A.Ş
Abbreviation
MEKSA
Company employee
--
Customer Service Email Address
meksayatirim@meksa.com.tr
Contact Number
+902166813400
Company Address
Şehit Teğmen Ali Yılmaz Sok. Güven Sazak Plaza A Blok No:13 Kat: 3-4 34810 Kavacık - Beykoz / İSTANBUL
How to login to MEKSA?
Meksa Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Meksa Account Creating a Meksa account is the first step to accessing the platform's comprehensive trading tools and services. Below are the detailed steps to successfully complete the Meksa registration process. Step 1: Accessing the Registration Page To begin your Meksa registration, navigate to the official Meksa website. Look for the "Sign Up" or "Register" button, typically located at the top right corner of the homepage. Click on it to be directed to the registration form. Step 2: Filling in Required Information Once on the registration page, you will need to fill out a form with personal details. This usually includes: Full name Email address Phone number Desired username and password Ensure that all information is accurate to avoid issues later in the process. Step 3: Email/Phone Verification After submitting your information, Meksa will send a verification code to the email address or phone number you provided. Check your inbox or SMS for this code and enter it on the verification page to confirm your contact information. Step 4: Identity Verification (if required) Depending on your region and the services you wish to access, Meksa may require additional identity verification. This could involve submitting a government-issued ID or proof of residence. Follow the prompts provided to upload the necessary documents. Step 5: Registration Confirmation Upon successful verification of your details, you will receive a confirmation email from Meksa. Click on the link provided in the email to activate your account. Once this is done, you can proceed to log in. Common Registration Issues and Solutions Some users may encounter issues during the registration process, such as: Verification code not received: Check your spam folder or ensure that your phone number is correct. Identity verification failures: Ensure that all documents are clear and legible. Account already exists: If you receive this message, try using the password recovery options before attempting to register again. Regional Differences in Registration While the registration process is generally the same, some regions may have specific requirements or restrictions, especially concerning identity verification. Always check the local regulations applicable to your area. Part Two: Account Opening Process Meksa Account Opening Detailed Guide After successfully registering, the next step is to open your Meksa account. This process may differ slightly from registration, focusing on account type selection and documentation. Explanation of Differences Between Registration and Account Opening Registration is primarily about creating a user account with basic information, while account opening involves selecting the type of account you wish to trade with and providing additional documentation. Preparation Work Before Account Opening Before you begin the Meksa account opening process, gather the necessary documents, which may include: A government-issued ID (passport or national ID) Proof of address (utility bill or bank statement) Any additional documents required based on your chosen account type. Detailed Account Opening Steps Step 1: Selecting Account Type Visit the account opening section on the Meksa website and choose the type of account that best fits your trading needs (e.g., individual, corporate, or margin account). Step 2: Submitting Required Documents Upload the documents you prepared earlier. Make sure they are clear and follow the specified format to avoid delays. Step 3: Account Review Process Once documents are submitted, Meksa will review your application. This process can take anywhere from a few hours to a few days, depending on the volume of applications. Step 4: Account Activation Upon approval, you will receive an email confirming that your account is activated. Follow any additional instructions provided to finalize the setup. Step 5: Initial Setup Log in to your new account and complete any initial setup steps, such as setting up security features, funding your account, and customizing your trading dashboard. Frequently Asked Questions About Account Opening How long does the account opening process take? Typically, the review process can take from a few hours to a few days. Can I open multiple accounts? Yes, but you will need to go through the registration and account opening process for each. Next Steps After Opening an Account Once your account is active, familiarize yourself with the trading platform, explore educational resources, and start planning your trading strategy. Part Three: Login Guide Meksa Login Process Explained Logging into your Meksa account is straightforward. Follow these steps for a successful login. Basic Web Login ProcessStep 1: Visit the Meksa Website Go to the official Meksa website and locate the "Login" button, usually at the top right corner. Step 2: Enter Your Credentials Input your registered email address and password in the provided fields. Step 3: Two-Factor Authentication (if enabled) If you have set up two-factor authentication, enter the verification code sent to your mobile device. Step 4: Click on the Login Button After entering your details, click the "Login" button to access your account. Step 5: Access Your Dashboard Once logged in, you will be directed to your trading dashboard, where you can manage your investments. Mobile App Login Process If you are using the Meksa mobile app, the login process is similar: Open the app. Enter your email and password. Complete any two-factor authentication if enabled. Tap "Login" to access your account. Other Login Methods Meksa may offer alternative login options, such as social media logins or single sign-on (SSO) for corporate accounts. Check the login page for available options. Common Login Issues and Solutions Forgotten Password: Use the "Forgot Password?" link on the login page to reset your password. Account Lockout: If your account is locked after multiple failed attempts, follow the recovery instructions provided. Technical Issues: Clear your browser cache or try logging in from a different device. Overview of Features After Login Once logged in, you can access various features, including trading tools, account management, market analysis, and educational resources. Additional Sections Account Security Recommendations To protect your Meksa account, consider the following security measures: Use a strong, unique password. Enable two-factor authentication. Regularly monitor your account for unauthorized activity. Best Practices for Account Management Keep your contact information updated. Regularly review your trading strategy and account performance. Utilize available educational resources to enhance your trading skills. How to Get Technical Support If you encounter issues or have questions, Meksa provides several support options: Help Center: Access FAQs and guides on the Meksa website. Customer Support: Reach out via email or live chat for assistance. Community Forums: Engage with other users for shared experiences and tips. This guide aims to provide a comprehensive overview of the Meksa registration, account opening, and login processes. By following these steps and recommendations, you can successfully navigate the platform and start your trading journey.

Meksa Forex Broker - Complete Information Guide

1. Broker Overview

Meksa, officially known as Meksa Yatırım Menkul Değerler A.Ş., was established on June 28, 1990. The broker is headquartered in Kavacık, Beykoz, Istanbul, Turkey, with its office located at Şehit Teğmen Ali Yılmaz Sok. Güven Sazak Plaza A Blok No: 13 Kat: 3-4 34810. As a private entity, Meksa operates within the financial services sector, providing a range of trading services primarily focused on forex and contract for difference (CFD) trading.

Meksa serves a diverse clientele, including individual and corporate investors, offering them access to various financial instruments. Over the years, the company has marked significant milestones, including its establishment as a regulated broker by the Capital Markets Board of Turkey (CMB), although it currently faces scrutiny regarding its regulatory status.

The broker primarily engages in retail forex trading, catering to a wide spectrum of traders, from beginners to experienced investors. Meksa's business model emphasizes accessibility and a user-friendly trading environment, aiming to attract clients seeking to capitalize on market opportunities.

2. Regulatory and Compliance Information

Meksa is regulated by the Capital Markets Board of Turkey (CMB), holding the authorization number CMB 021. However, it is crucial to note that the broker has faced criticism regarding its regulatory compliance and is often described as being inadequately regulated. The lack of a robust regulatory framework raises concerns about investor protection and the overall safety of trading with Meksa.

The broker claims to adhere to several compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, to ensure the legitimacy of its operations. However, the effectiveness of these measures has been questioned by various market observers.

Meksa does not participate in any investor compensation schemes, which further emphasizes the risks associated with trading through this broker. The segregation of client funds is a standard practice, but the specific details regarding the implementation and effectiveness of this policy remain unclear.

3. Trading Products and Services

Meksa offers a broad range of trading products, including major and minor currency pairs for forex trading. The broker provides access to over 50 currency pairs, including popular options such as EUR/USD, GBP/USD, and USD/JPY. Additionally, Meksa offers CFDs on indices, commodities, and cryptocurrencies, allowing traders to diversify their portfolios.

The product offerings are regularly updated, with new instruments being added to meet market demand. Retail traders benefit from comprehensive trading services, including educational resources and market analysis, while institutional clients can access tailored services designed to meet their specific needs.

Meksa also provides white label solutions and asset management services, catering to businesses looking to leverage its trading infrastructure. However, the details regarding these services and their availability are not extensively covered in public resources.

4. Trading Platforms and Technology

Meksa supports MetaTrader 4 (MT4) as its primary trading platform, which is widely recognized for its robust features and user-friendly interface. The broker also offers a mobile application for both iOS and Android, enabling traders to manage their accounts and execute trades on the go.

In addition to MT4, Meksa has developed its proprietary trading platform, designed to enhance the trading experience with advanced charting tools and analytical capabilities. The broker employs a Market Making execution model, which allows for efficient order processing and trade execution.

The technology infrastructure is backed by reliable servers located in secure data centers, ensuring minimal downtime and fast execution speeds. Furthermore, Meksa provides API access for automated trading, catering to algorithmic traders who require seamless integration with their trading strategies.

5. Account Types and Trading Conditions

Meksa offers various account types to accommodate different trading preferences. The Standard Account requires a minimum deposit of 50,000 TL and features competitive spreads starting from 1.5 pips. For traders seeking lower costs, the ECN Account is available, offering tighter spreads but with an associated commission per trade.

The broker also provides a demo account for new traders to practice their strategies without financial risk. Leverage ratios vary depending on the account type and the instruments traded, with maximum leverage reaching up to 1:100 for major currency pairs.

Meksa imposes overnight fees for positions held beyond the trading day, and the specific rates may vary based on the instruments traded. The minimum trade size is typically set at 0.01 lots, allowing for flexibility in trading strategies.

6. Fund Management

Meksa supports multiple deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, with the standard account starting at 50,000 TL. Deposits are processed promptly, usually within 1-3 business days, depending on the method used.

While Meksa claims to have no internal fees for deposits, external fees may apply depending on the payment provider. Withdrawals can be made through similar channels, and processing times typically range from 1-5 business days. However, specific withdrawal methods may incur fees, and traders are advised to check with their payment providers for detailed information.

7. Customer Support and Educational Resources

Meksa provides customer support through various channels, including phone, email, and live chat. The support team is available during business hours, and the broker offers assistance in multiple languages, catering to its diverse clientele.

In addition to customer support, Meksa offers a range of educational resources, including webinars, tutorials, and eBooks. These materials are designed to enhance traders' knowledge and skills, helping them navigate the complexities of the forex market. Market analysis services, including daily reports and research articles, are also provided to keep clients informed about market trends and opportunities.

8. Regional Coverage and Restrictions

Meksa primarily serves clients in Turkey and surrounding regions, with a focus on local and regional markets. However, the broker does not accept clients from certain countries due to regulatory restrictions, including the United States, Canada, and the United Kingdom.

The company's operational footprint is limited to its headquarters in Istanbul, and it does not have an extensive network of regional offices. This localized approach may affect its ability to cater to a global client base effectively.

In conclusion, while Meksa offers a range of trading services and products, potential clients should carefully consider the regulatory environment and associated risks before engaging with the broker.

Latest Reviews

FX2036969930

FX2036969930

Chile

180,000 pesos were deposited to this broker. They told me that they would give me 50% in advance and when the date arrived, it disappeared. I called that number and it is absence they are a band of criminals

Exposure

2022-01-07

FX1418884085

FX1418884085

United Kingdom

I stumbled upon MEKSA's website, but unfortunately, it's all in Turkish, which I don't understand. However, I reached out to their customer service, and they were incredibly helpful and patient in answering all my questions in English. It's refreshing to see a company that values its potential customers and takes the time to assist them.

37130

2023-03-24

MEKSA Forex Broker has an overall rating of 1.76, Regulatory Index 0.00, License Index 0.00, Business Index 7.50, Software Index 5.23 Risk Control Index 0.00.