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Broker Reviews

MEX Exchange

Tradomatix TrustScore™:

4.00

(88 Reviews)
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5-star

77.27%

4-star

2.27%

3-star

1.14%

2-star

0.00%

1-star

19.32%
Replied to 5.75% of reviews
Typically replies within 72.00 hours

About MEX Exchange

MEX Exchange offers forex and CFD trading through its ECN-style platform operated by the MultiBank Group. The broker, established in 2012, provides access to currency pairs, precious metals, commodities and indices using the MetaTrader 4 terminal for retail clients and a dedicated institutional ECN for larger-scale volumes.

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Regulation & Security

Regulation falls under the Australian entity MEX Australia Pty Ltd (AFSL number 416279) authorised by the Australian Securities & Investments Commission (ASIC). The broader group also cites oversight by multiple regulators across several continents, with client funds held in segregated accounts and some coverage via excess-loss insurance reported under a subsidiary.

Account and Setup

Account setup involves online registration, completion of KYC identity and address verification, selection of live account type and platform. The broker offers classic and ECN account configurations with minimum deposits reported from zero or a low threshold in some sources, and a demo account option for strategy testing.

Funding Options

Funding methods include bank wire transfers, credit/debit card payments and e-wallets such as Neteller and Skrill. Deposit processing is often instant for cards and e-wallets, while wire transfers may take 1-2 business days depending on jurisdiction and provider.

Bot & API Compatibility

The MetaTrader 4 environment supports algorithmic trading with Expert Advisors, custom indicators and automated strategies; the institutional side provides FIX API connectivity for deeper integration and third-party execution workflows.

Trading Conditions& Restrictions

Trading conditions vary by account type. For example, a classic account may start from spreads around 0.5 pips on major forex pairs with no commission, while an ECN account may offer raw spreads from 0.0 pips subject to a commission of around USD 7 per lot. Leverage is quoted up to 1:500 in some materials, and trade sizes may start at micro-lot level. Traders should review overnight swap costs, margin-call and stop-out levels for their respective region.

Regulation & Security

Regulation falls under the Australian entity MEX Australia Pty Ltd (AFSL number 416279) authorised by the Australian Securities & Investments Commission (ASIC). The broader group also cites oversight by multiple regulators across several continents, with client funds held in segregated accounts and some coverage via excess-loss insurance reported under a subsidiary.

Account and Setup

Account setup involves online registration, completion of KYC identity and address verification, selection of live account type and platform. The broker offers classic and ECN account configurations with minimum deposits reported from zero or a low threshold in some sources, and a demo account option for strategy testing.

Funding Options

Funding methods include bank wire transfers, credit/debit card payments and e-wallets such as Neteller and Skrill. Deposit processing is often instant for cards and e-wallets, while wire transfers may take 1-2 business days depending on jurisdiction and provider.

Bot & API Compatibility

The MetaTrader 4 environment supports algorithmic trading with Expert Advisors, custom indicators and automated strategies; the institutional side provides FIX API connectivity for deeper integration and third-party execution workflows.

Trading Conditions& Restrictions

Trading conditions vary by account type. For example, a classic account may start from spreads around 0.5 pips on major forex pairs with no commission, while an ECN account may offer raw spreads from 0.0 pips subject to a commission of around USD 7 per lot. Leverage is quoted up to 1:500 in some materials, and trade sizes may start at micro-lot level. Traders should review overnight swap costs, margin-call and stop-out levels for their respective region.

MEX Exchange Reviews

( 88 )

MEX Exchange Reviews

( 88 )
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