MEX Exchange Journal

Journal status: live
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MEX Exchange Profile
Year
2012
Country
Australia
Branches
1
Regulation
ASIC Australia
Registration
ASIC Australia
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х US
Broker type
STP, DMA, ECN pricing
Dealing book
A-book
Tier
3
Execution speed
1 ms
LPs total
10
LPs quality
Tier-1 Banks, Tier-2 PoPs
LPs names
BNP Paribas, Citadel Securities, Citibank, Commerzbank, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, RBS, Standard Chartered

MEX Exchange Accounts
STP
ECN
Minimum Deposit
1 $
1 $
Leverage
500 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
0.5 pips
0 pips
Commission
0 $/lotRT
7 $/lotRT
Volume
50 lots
50 lots
Margin Call
50 %
50 %
Stop Out
20 %
20 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
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Is MEX Exchange safe?

  • Investor protection: no
  • Regulation: ASIC Australia
  • Registration: ASIC Australia
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is MEX Exchange trusted?

  • Information transparency: sufficient ★★★
  • Customer service: prompt, helpful ★★★★★
  • MEX Exchange website: highly detailed, updated ★★★★★
  • MEX Exchange popularity (by visitor count): low visits ★★

How MEX Exchange works



2. GENERAL INFORMATION
2.1 PRINCIPAL
We will deal with you as principal and not as agent on your behalf. This means that any trades are agreed directly between you and us and we will be the counterparty to all of your trades.

9.11.1 SCALPING POLICY
In order to ensure the stability of the MEX Exchange platforms and Products, “Scalping” strategies are not permitted on our platform.

9.11.2 EA POLICY
In order to ensure the stability of the MEX Exchange platforms and Products, “Expert Adviser” (EA) strategies are not permitted on our platform unless in accordance to clause 9.11.3.

1.12.5 All trades will be closed at the MEX (Australia) price;

1.15 Idle Prices: We have an agency execution model and automatically cover all client positions with executing brokers and liquidity providers. On rare occasions the aggregated price feed which we provide to clients can become “idle”. We reserve the right to reverse market or instant orders are executed where idle prices have been struck.

1.16 Misquotes: We have an agency execution model and automatically cover all client positions with executing brokers and liquidity providers. Although we mitigate the risk of invalid prices feeds reaching clients through utilising a price aggregation system which generates a price from multiple liquidity providers (typically in excess of 10 liquidity providers), there are rare occasions where the prices can become “skewed”. In such rare instances if orders are filled at these prices, we reserve the right to reverse orders where misquoted prices have been struck.



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