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Mexem Review: Legit Broker or Just Another Scam?

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Sarah Chang

Sarah is an experienced financial journalist with a background in investigative reporting and market analysis. She started her career as a financial writer for financial news outlets, where she gained a deep understanding of market dynamics and investor behavior. Sarah ‘s keen interest in exposing financial scams and providing clear, actionable insights led her to join traderhelpbook.com.

Sarah plays a crucial role in the platform’s mission to educate traders and investors. Her investigative skills and attention to detail enable her to identify potential scams and provide transparent evaluations of brokerage firms. Sarah is passionate about consumer protection and strives to empower users with the knowledge. Her journalistic background ensures that the information provided on the platform is objective, reliable, and serves the best interests of traders seeking trustworthy financial guidance.

In our MEXEM review, we will look at a company that calls itself a European “full-package broker” with access to more than 150 global markets and minimum commissions starting from $1/€1 per trade. On its website, the firm promises competitive conditions and a powerful platform for traders and investors. We will check how true these claims are and see what clients have to say.

Does MEXEM Show Any Risk Factors?

The broker MEXEM is registered in Cyprus and operates through Mexem Ltd, which obtained a license from the Cyprus Securities and Exchange Commission (CySEC) under number 325/17. We checked this information in the official regulator’s register, and the company does in fact exist. The license was granted in 2017, although the broker’s website has been active since 2008, which indicates a rather long presence in the market.

As a regulated entity, MEXEM is required to comply with CySEC’s rules: maintain reporting, ensure the protection of client funds, and provide clients with access to a full set of documents and risk disclosures. On the website, all the necessary sections are indeed published, client agreements, investor policies, risk disclosure information, and other materials typically required to meet European transparency standards.

Let’s Break Down the Lifespan

One might think that the broker has been around since 2008, as this is the year its domain was registered. But no, it is clear that they simply used an old domain. In reality, as we mentioned earlier, the license was granted in 2017, and the brand itself was launched even later, according to the company’s history on the website in 2018. In any case, even these numbers look quite solid. The broker has been operating for 7 years already and, judging by everything, continues to move forward in the industry.

What Does the Mexem.com Website Reveal?

The MEXEM website makes a good impression right from the start. Its design is pleasant, clean, and minimalist, without unnecessary clutter. The platform is available in 11 languages, which makes it convenient for clients from different regions, and it even includes direct links to external resources such as the broker’s Trustpilot reviews.

The site’s structure is logical and intuitive, allowing visitors to quickly find the sections they need, whether it’s information about trading conditions, account opening, or legal documentation. The content is presented in full and organized in a way that is easy to navigate. The website is also well-optimized for mobile devices. Clients can access the same information and functionality on smartphones or tablets without any loss in usability.

Is the Broker Offering Fair or Risky Terms for Traders?

Creating an account with MEXEM is free, and there are no membership or maintenance fees. In most cases, clients only pay transaction fees when buying or selling assets. The broker offers a straightforward fee structure with low commissions. Stocks and ETFs are charged at 0.06% in EUR (or $0.005 per share in USD), while bonds carry a 0.15% fee.

External transfers are free, and clients can move their positions to another broker without paying per line, although MEXEM does not cover incoming transfers from other brokers.

Withdrawal fees are minimal, though European investors are limited to one free SEPA withdrawal per 30 days. Additional withdrawals incur a €1 fee, or €8 for standard bank transfers. MEXEM is particularly cost-effective for ETFs, for example, purchasing €1,000 of the popular IWDA ETF would cost only €1.95.

Compared to famous brokers, MEXEM often provides lower fees, especially for European and UK markets. UK stock commissions start at 0.08% (minimum £2.50), while European stock commissions range from 0.06% to 0.08% (minimum €1.80), making MEXEM one of the most cost-effective brokers for investors in Europe. The slightly higher fees for the American market are balanced by attentive customer support and access to over 200 hours of learning material, reserved for MEXEM clients.

Technical Support Analysis of MEXEM

Mexem.com review highlights that the broker provides a well-structured and accessible customer support system designed to assist both new and experienced traders. MEXEM has a dedicated support page that compiles the most frequently asked questions, allowing users to quickly find answers to common issues without waiting for a response. Beyond this, it offers multiple communication channels to ensure clients can reach out in the way that is most convenient for them. There are seven phone numbers for different regions, email support, and a live chat feature that enables real-time assistance.

Strengths and Weaknesses

  • Low trading commissions.
  • Multiple markets and instruments available for European investors.
  • Good regulatory transparency with a CySEC license.
  • Customer support is responsive and accessible.
  • Withdrawal fees can be restrictive for frequent European users.
  • Low trading commissions.
  • Multiple markets and instruments available for European investors.
  • Good regulatory transparency with a CySEC license.
  • Customer support is responsive and accessible.
  • Withdrawal fees can be restrictive for frequent European users.
  • Margin account requires relatively high minimum liquidity.
  • Some platform features may be complex for beginners.
  • Margin account requires relatively high minimum liquidity.
  • Some platform features may be complex for beginners.