Cryptocurrency trading entails a high level of risk and is not suitable for all investors. You should carefully consider your investment objectives, level of experience, and risk appetite before deciding to trade cryptocurrency. You should not invest money that you cannot afford to lose because there is a chance that you will lose some or all of your initial investment.

Pros
  • Deposit bonus up to $100
  • No KYC
  • Easy interface
  • Leverage up to x100
Cons
  • Limited trading pairs

Founded in 2020 and headquartered in Seychelles Margex is the fastest latest derivative trading platform where you can open both short and long positions with a leverage of up to 100x on crypto trading pairs.

Margex connects the liquidity of over 12 exchanges in one place and creating a lively and deep order book, which makes the best entry prices and exit prices available. This creative feature ranks Margex instantly among most liquid trading platforms and enables the customers to place big orders without experiencing any price sways or slippage. 

Listed cryptocurrencies:

As Margex is new in the market so currently its supports limited but major currency pairs such as BTC/USD, LTC/USD, YFI/USD, ETH/USD, and EOS/USD. 

Margex registration:

The registration process at Margex is very simple and can easily be understood by beginners. It only takes 2 steps to register and no more than 30 seconds. You can start your trading experience within a minute.

  • You just need to click on the  “trade now” tab on the homepage of Margex. It will take you to the registration page for creating an account. 
  • Fill in the required information such as email address and password and click on the register and there you go. 
  • You will receive a confirmation link on your email address and confirm your registration at Margex.
  • You don’t need to give identity proof or proof of address. 

Deposit method:

For depositing, you just need to open a “wallet” page and press “deposit”.

At Margex, two methods are available for depositing your funds. 

  1. You can directly deposit bitcoin to your personal account and then transfer them to your Margex account wallet. Then copy your BTC address from Margex and paste it on the destination field in the wallet/site from where you want to transfer funds. 
  2. On the other way, you can use your bank card to buy bitcoin via Changelly. Just enter in the amount and currency you want to pay with. Press “exchange” and it will take you to Changelly where you can fill in your payment details and complete the process.

Margex features:

Margex offers an elegant, easy-to-follow, and simple user interface. As margin trading is not beginners friendly, the derivative platform suits a lot of people with different experience levels to be capable of creating an account and start trading on digital currencies. 

Powerful trading engine: 

you will get a trading experience like never before. You will not face any “order submission errors” or any capital loss because of delayed orders. The trading engine of Margex can simultaneously process over 100,000 trades with an average order execution time of 8 ms. 

Deep liquidity and minimum slippage:

The liquidity system that Margex offers is unique and only one of its kind in the industry of crypto. Margex combines the liquidity from 12+ best liquidity providers of the world into one deep order book. This feature allows minimum slippage, deep liquidity, best entry and exit prices, thinner spreads, and instant order execution. 

Margex video tutorial

Margex leverage:

The platform enables 100x leverage/margin on every trade. It means that you can borrow money from the platform to purchase a financial instrument. Simply put, it is a loan that you take from the exchange to purchase more bitcoin contracts that otherwise you cannot buy. 

Fees:

Whenever you place an order at Margex , you will have to pay either a taker fee or a maker fees.

Taker fees:

It is charged when liquidity is removed by placing an order which immediately matches an order from the order book i.e. conditional order that is converted to market order after execution, for example, stop market order or stop loss. You will be charged a taker fee of 0.060%. 

Maker fees: 

It is charged when liquidity is added by placing an order that is delayed and not matched with any order in the order book. For example, if a limit order is placed above a current price then it will be a SELL order or below a current price make a BUY order. You will be charged a 0.019% maker fee. 

Funding rate fees:

It is an interest cost that is charged if you borrow Margex assets to the leveraged trades and charged every 8 hours. There will be no funding rate fee if a position gets closed before a funding cut-off time. Funding rates vary among longs and shorts. Short funding fees range between 0.18%-0.40%  and long funding range between 0.15%-0.30% based on the crypto you are trading. 

Margex Bonus:

You will receive a bonus of $50 when you sign up and register by  using the Margex link. You can also get an extra $50 bonus after depositing 0.004+ BTC or more. These bonuses cannot be withdrawn and can only be used for covering trading fees. However, any gains generated using a bonus for trading are yours totally. 

Is Margex a secure trading platform? 

User account security:

Margex uses the 2FA (factor authentication) technique for securing the funds of users. It keeps the funds secure even if your one-step security is exposed or hacked. It also takes email confirmation for all your withdrawals. All the data transfer is SSL encrypted as well as email alerts/notifications to keep you aware. All your sensitive information or account data is encrypted through special protocols. 24/7 chat or email support to answer your queries. 

Custodian security measures:

All your assets are kept in offline cold storage. Monitoring of all assets movement is done in real-time. You can also access the segregation system, which avoids the risks of malicious attacks from the company employees.

Trading infrastructure security measures:

Server infrastructure is elastic, capable of scaling up instantly during peak hours and it also provides instant execution speeds and order matching, with lower latency for each customer globally. Margex also uses DDOS protection system which protects the exchange from overloading if hacking attempts are made. 

Fraud prevention and price manipulation:

Suspicious trading activities are monitored and handle by Margex real-time machine or a system (MP Shield system). Margex doesn’t add assets that are highly affected through manipulations and have low liquidity. There also operates a protection system for prices that place your order at the price that you expect.

Is Margex regulated?

Margex is not regulated till now as it is headquartered in Seychelles, where no regulation or license is required for bitcoin trading. However, they still provide the same security level as any other regulated platform.

Summary:

Margex is becoming a great crypto derivative platform over time through its unique approach. It is a user-friendly platform and offers security, high quality, and stability. Margex stands out among its competitors due to its innovative systems such as protection systems and MP shield. Additionally, it requires no KYC and prevents traders from unfair liquidation. With high leverage, low fees, and security standards, Margex is fresh air in the crypto derivative space. 

4.5 rating

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