MEXEM Forex Broker

MEXEMReview SummaryFounded2008Registered Country/RegionCyprusRegulationCySEC (Regulated), FCA (Revoked)Market InstrumentsStocks, Bonds, ETFs, Options, Futures, Warrants, Mutual Funds, and MetalsDemo Account/Leverage/Spread/Trading PlatformClient Portal, TWS, MEXEM Lite, and MEXEM APIsMinimum Deposit/Customer SupportSend a messageEmail: info@mexem.comPhone: +357-25030447MEXEM Information MEXEM, founded on July 28, 2008, is a Cyprus-based broker regulated by CySEC. It provides access to diverse instruments like stocks, ETFs, and futures, and supports multiple trading platforms. However, it does not offer MT4/MT5 and has limited educational support for beginners.Pros and ConsProsConsLong operational historyRevoked FCA licenseRegulated by CYSECMT4/MT5 not availableVarious trading instrumentsLimited educational resources for beginnersFree initial withdrawalCommission fees chargedIs MEXEM Legit ? MEXEM is currently regulated by the Cyprus Securities and Exchange Commission (CySEC) and was previously regulated by the UK Financial Conduct Authority (FCA), but its license has been revoked.Regulated byRegulatory StatusLicense TypeLicense NumberFinancial Conduct Authority (UK)RevokedEuropean Authorized Representative (EEA)787270Cyprus Securities and Exchange CommissionRegulatedAppointed Representative (AR)325/17What Can I Trade on MEXEM? MEXEM offers 8 types of trading instruments: stocks, bonds, ETFs, options, futures, warrants, mutual funds, and metals.Tradable InstrumentsSupportedStocks✔Bonds✔ETFs✔Options✔Futures✔Warrants✔Mutual funds✔Metals✔Account Type MEXEM offers 2 types of account types, including: Individual Account Types: Individual, Joint, Family Office, Friend & Family Business and Professional Account Types: Small Business, Advisor, Funding Manager, Proprietary Trading Groups, Hedge & Mutual Fund, Compliance OfficersMEXEM Fees MEXEMs fee structure varies by product. Below is a summary of the main commissions and minimum fees in USD:Trading ProductCommission FeeMinimum FeeStocks and ETFs$0.005 per share$1Stocks & Index Options2$2Futures Options4$3.50Futures1$1Metals0.03%$3Bonds0.15%$8Forex (FX)0.005％$5Trading Platform MEXEM offers four types of trading platforms.Trading PlatformSupportedAvailable DevicesSuitable ForClient Portal✔Web/TWS✔PC, mobile, watch/MEXEM Lite✔iOS / Android/MEXEM APIs✔Custom / Third-party apps/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal For withdrawals, MEXEM offers a free allowance for the first withdrawal. For example, SEPA and wire transfers in the Eurozone are free within 30 days of account activation; after that, they incur fees of €1 and €8 respectively. USD withdrawals are free for the first transaction, then $10 per transaction afterward. GBP withdrawals are also free for the first time, with a £7 fee for each subsequent withdrawal.