Margex Review

 

Margex is a latest generation lightning fast derivatives trading platform where you can open both long and short positions with up to 100x leverage on all trading pairs.

Margex combines the liquidity of 12+ exchanges in one place resulting in a deep and lively orderbook, which pushes the best entry and exit prices available. This unique feature instantly ranks Margex as one of the most liquid leverage trading platforms and allows the clients to place huge orders without experiencing any slippage or price sways. 

Margex was founded in 2020 and is registered in the Seychelles.

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Margex Features

Markets	Cryptocurrency
Supported countries	Worldwide, USA not allowed
KYC	NO
Leverage	5x-100x on all available trading pairs
Deposit Options	BTC, Credit and Debit cards
Min. Deposit	No Minimum
Maker Fee	0.019%
Taker Fee	0.06%
Support	live chat
Trading Pairs	BTC, ETH, USD, XRP, YFI, EOS
Support	24/7 via Live Chat or email

Options and Order Types

Margex uses Isolated margin, which gives you absolute control over individual position management. You can place Limit, Market, and Stop-market orders accomplished with adjustable stop-loss and take-profit orders that can be placed simultaneously.

When it comes to cryptocurrency trading, Margex has some unique features to brag about. 

MP Shield

AI-based algorithmic technology, which continuously monitors the consistency of the price feeds received from the liquidity providers. The shield eliminates the risk of big wicks that occur on other platforms resulting in unfair liquidations.

Deep Liquidity

Asset prices on Margex are dependent on the combined liquidity of 12+ exchanges, which means that every single pair listed on Margex is liquid.

Speed

Margex’s unparalleled speed comes from the elastic server infrastructure able to instantly scale up or down according to traffic and usage. Margex’s trading engine supports 100 000 transactions per second with minimum latency. 

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Deposits and Withdrawals

There are two ways to deposit on Margex, unfortunately from a cryptocurrency perspective, the platform only accepts Bitcoin for the moment.

Margex has partnered with Openmonet to provide the option to purchase Bitcoin directly with a fiat currency like the EUR, USD, and many other currencies as money serves users worldwide. You can use more than 10 deposit methods giving Margex the needed flexibility in providing the best deposit options for their clients.

Trading Fees

Margex is possibly the most transparent trading platform when it comes to fee structures and financing. Boosting one of the lowest fees on the market, Margex puts itself at an advantage by providing a favorable trading environment. 

Margex also displays current pnl, financing fees and commissions paid in the trading terminal.

Charting

Margex is one of the few trading platforms in crypto to have TradingView charts fully integrated, which is the industry leader when it comes to accuracy, instruments, technical indicators and styles. 

Support

The platform has a dedicated 24/7 support team that replies near instantly through live chat or email. 

Referral Program

Margex comes with a solid 40% referral program, meaning that for every user that signs up under you and trades, will be netting you 40% of the fees paid by them.

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User Interface

The user interface of Margex is an updated version of the Bitmex one. It has a familiar vibe together and at the same time introducing a design that is different. By providing a familiar trading environment, most of the traders that visit the platform will be able to start trading right away. 

Security

The platform is on par with the highest industry standards when it comes to security. It consists of a custom made security protocol and quality of life controllers such as the MP Shield™, cold wallets and treasury team appointed to manually process withdrawals. 

For user protection, Margex has integrated 2FA Google Authentication, End to End data encryption from certified protocols, Email confirmations and alerts.

Is Margex a Scam?

As of today, there are no reports or complaints of Margex being a scam. The platform remained stable during our intensive testing phase, making it one of the strongest competitors to other derivatives exchanges such as Bitmex and Bybit.

A community driven platform

Margex will be the first derivatives trading platform that will allow its community to directly vote on future features that are to be implemented next. This can be a game changer like no other trading platform of this type has done this. This in return can further boost an engaging trading community that will be an important part of the development of Margex in the future.

Conclusion

Margex is a robust trading platform with the latest gen custom built trading engine unlike the vast majority of cryptocurrency exchanges that use old whitelabeled solutions and integrations such as MT4 and MT5. During our tests, it showed unparalleled speeds during order executions, excellent price feed and an enormous liquidity pool. Margex is capable of serving as the daily trading platform to every beginner all the way up to professional traders. 

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Trading on Margex: Short Guide

Getting started with Margex is extremely simple. It can all be covered in 3 to 4 simple steps which won’t take more than a minute to complete.

Step 1: Registration

The sign-up form is as simple as it gets only requiring an email address and a password. 

After filling out the form successfully, you’ll be sent an email containing a 6 digit code that is used to confirm you’re the actual email owner and not a bot or a spam user.

After confirming your email, you have to log back into Margex using the newly created account.

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Step 2: Deposits

To complete your first deposit, head over to the “Wallet” which is positioned in the top menu. It will open up this page.

After clicking on Deposit you will be presented with the deposit options. 

Step 3: Opening Positions

Opening positions is, also, extremely easy. After you have deposited your Bitcoin on the platform head over to the Trading Page by clicking “Trade” in the top menu. 

Click on the asset that you want to trade and then use the chart to analyze the market conditions and head over to the order tab which is located on the left. 

Choose the order type that you want to use for the position that you are going to open. Choose the size of the order, set up the Limit price for either limit buy or limit sell. Set the leverage to the desired level and notice that the higher the leverage the higher the risk as the liquidation price is closer to the opening price. 

After you are done with the settings of the order either click on BUY/LONG or SELL/SHORT and you will see your order being executed on the second. 

Then look for the order in the Active orders tab or the Open positions tab.

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Step 4: Setting a Stop Loss and Take Profit

Setting a stop loss or take profit is an important part of correctly managing positions. In order to do so on Margex go to the Open Positions tab and click on the numbers found below Take Profit/Stop Loss indicator. 

Step 5: Manually Closing a Position

Closing positions is simple on Margex as you have a dedicated button found below the Deal ID. 

Step 6: Withdrawing your profits

In order to withdraw your profits click on Wallet and when you redirected on the page, click on Withdraw. You should see a slider where you can paste your BTC address and input the amount that you desire to withdraw. 

Additional Security: Increase account security

For additional security, head over to the “Settings” page and follow the required steps in order to enable the 2FA authentication. It’ll guard your account from phishing and brute force attacks. 

You are ready to start trading on a latest generation derivatives trading platform capable of handling 100 000 trx per second. Remember to always set a stop loss and restrain from using very high leverage if you are new to this type of trading.