Overview

Founded in 2019, Margex has been a cutting-edge cryptocurrency exchange ideal for those who prefer derivative trading. Swiftly garnering the trust and acclaim of a substantial user base, it has become a flourishing platform. Users can also start leveraged trading, extending up to 100x, in crypto such as Bitcoin, Ethereum, Polygon, and various others. Let’s explore the different facets of Margex in the following comprehensive review.

What Does Margex Offer Its Users?

As a cutting-edge derivative trading exchange, Margex offers a range of valuable offerings that put it above most other cryptocurrency exchanges.

• Easy registration process

The registration process on Margex requires no more than one minute for an individual to complete. The user is prompted to input their email address and subsequently click the “Register” button. Following this step, email address confirmation becomes necessary. Once the email address is successfully confirmed, the user gains the ability to initiate a deposit and commence trading activities on the platform.

• Introducing the MP Shield

In response to the inherent volatility and newness of the cryptocurrency market, Margex has proactively addressed the recurrent challenges posed by price manipulation on the global stage. The proprietary MP Shield System has been devised to shield clients from the adverse impacts of price manipulation, mitigating the risk of unjust liquidation experienced on other platforms. MP Shield stands as a distinctive development exclusively available on Margex.

The valuation of assets on Margex is contingent upon the aggregated liquidity contributed by a diverse array of 12 or more providers. Notably, Margex refrains from offering illiquid assets, preventing artificially inflated prices stemming from deceptive practices like pump and dump.

Margex employs AI-based algorithmic technology to systematically scrutinize the consistency of price feeds received from each liquidity provider. This vigilant monitoring ensures that prices are not manipulated through deceptive tactics, safeguarding the integrity of the trading environment. Margex maintains continuous surveillance over all trading activities.

• Liquidity from Over 12 Providers

Margex consolidates liquidity from more than 12 providers, resulting in a unified and extensive order book. This approach ensures users access the most up-to-date and market-relevant prices, coupled with minimal spreads.

• Regulated leverage up to 100x

Specializing in cryptocurrency derivatives trading, Margex offers regulated leverage options ranging from 5x to 100x. Both cross-border and isolated margin trading are available, with the introduction of forex pairs featuring leverage up to 500x.

• Competitive Trading Commissions

Margex eliminates commissions for cryptocurrency deposits and imposes no additional fees for fund withdrawals. Fixed trading commissions of 0.019% for market orders and 0.060% for limit orders contribute to cost-effective trading.

• No Overloads

Since its inception, Margex has maintained stability without reporting system overloads or platform delays. The underlying infrastructure and technology ensure a reliable and efficient trading experience.

• Ultra-Fast Order Execution

The trading engine is characterized by its advanced efficiency and speed, boasting ultra-fast order execution, precise market movement representation, comprehensive information, and extensive settings.

• Focusing on User-Friendly Interfaces

To make the trading experience easier, Margex prioritizes the user experience, from registration to fund withdrawal and platform navigation. The platform continually refines its interface for maximum intuitiveness.

• Forex Trading 

Furthermore, the platform has incorporated forex trading pairs into its network, offering leverage of up to 500x. Presently, users can access over 40 pairs for trading.

A central concern for stakers is the lock-up period, during which access to their staked coins is restricted. Margex addresses this issue by enabling users to stake coins without enforcing lock-up periods. This affords traders the ability to stake assets while maintaining the freedom to trade or withdraw funds at their discretion. The funds remain accessible, contributing to enhanced financial flexibility.

Trading on Margex: Simple Yet Effective

Trading on Margex presents users with a sophisticated and user-friendly interface, catering to cryptocurrency derivatives trading with margin options ranging from 5x to 100x. The platform excels in versatility, offering both isolated margin and cross-margin trading, alongside the inclusion of forex trading with leverage reaching up to 500x.

The left side of the platform is dedicated to order creation, providing users with a comprehensive toolkit to customize their future trades. This includes the flexibility to determine order size, leverage, margin type (cross or isolated), and specific order types such as limit, market, or stop market. The trade table provides users with crucial information such as current PnL, take-profit stop-loss, margin, position size, trading pair, trade ID, date, type, and others.

Margex also stands out by offering various order types, allowing users to implement diverse trading strategies seamlessly. Market orders facilitate quick trading at the best available price, while limit orders empower users to predetermine the execution price. Furthermore, stop-market orders enable automatic execution based on pre-defined price triggers.

The central chart, provided by TradingView, enriches the trading experience by providing a comprehensive set of trading indicators. On the right side, the order book and last trades are conveniently located, enhancing accessibility and real-time decision-making.

Partial Closing of Positions and Closing Positions

Margex enhances user control and flexibility by introducing the partial closing of positions. Users can now configure specific parameters, including quantity and price, for a specified amount, facilitating precise control over trade adjustments. This feature empowers users to selectively manage parts of their positions, aligning with their unique trading strategies and risk management preferences.

Closing positions on Margex is also pretty easy, accessible by clicking the “Close” button on the left side. Users can opt for either “Close Market” or “Close Limit.” The platform provides the added convenience of selecting the volume of trade closure, offering the flexibility to close the whole trade or only a portion of it.

Margex Copy Trading

Margex Copy Trading caters to those who aim to replicate the successful trades of proficient traders seamlessly. Unlike other trading platforms, Margex does not impose commissions on successful trade copying. This distinctive approach ensures that all profits earned through copying trades belong entirely to the user and the trader being replicated. The platform allows users to choose from different strategies and various traders based on their preferences, providing a tailored and flexible trading experience.

Advantages for Regular Users

• No Need for Trading Experience: Margex Copy Trading eliminates the requirement for trading expertise, enabling users to effortlessly copy experienced traders with just one click.
• Matching Return on Equity (ROE): The ROE for users will consistently align with the income generated by the trader they are copying, ensuring a fair and proportional distribution of profits.
• Dedicated Application: Users can leverage a dedicated application designed specifically for trade copying.
• Variety of Strategies and Traders: Margex offers a diverse range of strategies and traders for users to choose from, catering to different risk appetites and preferences.
• Low Entry Barrier: Users can initiate trade copying with as little as $10, making it accessible to a wide range of investors with varying capital levels.
• Daily Profit Withdrawals: Margex Copy Trading allows users to withdraw profits on a daily basis, providing liquidity and flexibility in managing earnings.

Special Standalone Application

One standout feature of Margex Copy Trading is its dedicated standalone application, which is compatible with both iOS and Android devices. Created with a specific objective in mind, this purpose-built application concentrates on enabling the effortless replication of trades with a simple click. This introduces an additional level of ease and accessibility to enhance the user experience.

Margex: Deposit and Withdrawal

Margex provides a versatile and user-friendly deposit process with several simple choices. Traders may fund their accounts directly with cryptocurrencies or use additional means like credit card transactions mediated by reputable partners on the Margex platform. Users may also refill funds through peer-to-peer exchanges, which expands the number of deposit alternatives. A diverse array of cryptocurrencies, such as BTC, USDT, ETH, and others, is accepted as deposits on the site. This enhances users’ freedom and adaptability in the management of their account balances.

• Withdrawal

Margex empowers users with versatility in moving their crypto assets from the Margex wallet to compatible external wallets. The withdrawal process seamlessly integrates into the Margex user interface, streamlining the initiation of withdrawals for users. Completing a withdrawal requires choosing the preferred wallet, selecting the “Withdraw” icon, and copying the external address. Following this, users enter the withdrawal amount, and if two-factor authentication (2FA) is activated, they furnish the required authentication. The ultimate step includes clicking the “Withdraw” button to initiate the withdrawal.

It’s imperative to note that direct bank transfers are not supported on the Margex platform. Nevertheless, users can utilize third-party providers to exchange their cryptocurrency for various fiat currencies, ensuring smooth transfers to their bank accounts.

Trading Fees at Margex

Across all trading pairs, the market orders (taker fee) is at a modest 0.060%, whereas the maker fee for limit orders is set at 0.019%.

Security at Margex

Margex has meticulously developed security protocols aligned with banking standards. Client accounts on Margex receive protection through 2FA authentication, email confirmation, and SSL data encryption. Notably, Margex refrains from storing passwords in plain text, ensuring the security of user accounts even in the unlikely event of a database breach. Additionally, Margex secures 99% of user funds in cold wallets, maximizing fund security. It is essential to acknowledge that this security measure, while effective, involves the withdrawal process occurring once a day.

Referral Program at Margex

Users have the chance to secure rewards of up to 40% from the trading commissions produced by their referred clients. Additionally, a user-centric affiliate dashboard is tailored specifically for significant partners, offering an intuitive and accommodating experience.

Final Verdict

Margex stands out as a commendable selection for a cryptocurrency derivatives trading platform, particularly appealing to traders who prioritize privacy, seek competitive fee structures, and value a selection of well-established trading pairs. The platform, equipped with a robust referral program, adheres to high-security standards and boasts an intuitive user interface.