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Is Margex A Scam?

Date:

Margex is a derivatives crypto exchange that offers margin trading with up to 100:1 leverage. Margex was designed as a fair, transparent, and secure exchange focusing on excellent user experience

Main Features

  • Best usability on the market.
  • Easy to start yet includes advanced pro features.
  • Real-time on-screen deal indicators such as trading fees, financing, PnL, etc.
  • Simultaneous use of stop-loss/take-profit to set and forget trades.
  • Unique MP Shield™ AI-based system protecting users from price manipulation and unfair liquidations.
  • Prices never deviate from that of leading spot exchanges.
  • Adjustable isolated leverage with up to 100x available.
  • Trade BTC, ETH, LTC, XRP, EOS, and YFI.
  • High liquidity provided by verified external liquidity providers.
  • Competitive fee structure.
  • No KYC is required to use our platform.
  • Referral program offering 40% flat rate commission.

Additional Features

  • No overloads, 99,99% uptime
  • Combined order book & 12+ liquidity providers
  • Very competitive fees
  • Industry best security practices 

Fees:

Margex offers competitive trading fees which are lower than competing platforms, including Bybit. 

Currently, Margex charges a 0.019% Maker Fee and a 0.060% Taker Fee for trading Bitcoin. In contrast, Bybit charges a 0.025% Maker Fee and a 0.075% Taker fee for trading Bitcoin.

PAIR MAKER FEE TAKER FEE FUNDING/LONG FUNDING/SHORT FUNDING INTERVAL
BTC/USD 0.019% 0.060% 0.26% 0.18% 8 hours
ETH/USD 0.019% 0.060% 0.30% 0.25% 8 hours
EOS/USD 0.019% 0.060% 0.20% 0.07% 8 hours
LTC/USD 0.019% 0.060% 0.35% 0.55% 8 hours
XRP/USD 0.019% 0.060% 0.15% 0.10% 8 hours
YFI/USD 0.019% 0.060% 0.30% 0.40% 8 hours

 

Is Margex Safe?

Despite being a newly launched platform, Margex takes the safety and security of its clients seriously. The company boasts some of the most sophisticated security features to protect client data, funds, and trading activities. This includes:

  • The use of cold wallet storage
  • Blockchain-based trading platform
  • Price manipulation and fraud prevention

Why Should You Trade On Margex?

The Margex website and trading platform were designed with user-friendliness in mind. Beginners are supported with articles, videos, trading lessons, and price analysis to build an understanding of the space.

This makes Margex an ideal platform for beginners looking to improve their skillset and knowledge as they find their way around the crypto market.

Margex’s liquidity pool system is the first of its kind in the crypto industry. This innovative feature combines over 12 liquidity providers into a single, deep order book, ensuring the best possible entry and exit prices with the thinnest spreads available on the market. 

Add to that the most competitive trading fees in the industry and the advantages are clear.

Security of Funds:

When it comes to depositing or withdrawing funds, Margex has many security features, such as:

  • 2FA authentication
  • Email confirmations for all withdrawals
  • Security questions/phrases
  • Wallet whitelisting
  • 24/7 customer support

Margex Interface:

Logging into the Margex trading platform presents the above screen. From here, accessing the full functionality of your account is an intuitive process driven by the options bar at the top of the page.

Referral Program:

The Margex Referral Program allows you to earn Bitcoin by inviting others to trade on the platform. You get 40% of the fees paid by your referrals. Payouts are made daily into your Margex account. Here’s how to get started:

  • Sign up on Margex
  • Login to your account
  • Go to the ‘REFERRAL‘ tab
  • Scroll down, and you’ll find your referral link, including your unique code
  • Click to copy the link and share it with your friends and other traders  

You will see your statistics on the referral page once your referrals start trading. It also shows the total number of people referred by you, and how much you’ve earned in BTC from those invitees.

Sign up on Margex ㅡ https://margex.com/app/signup

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