Last update: Apr 18, 2022

Margex Review

Margex is one of the newest crypto trading platforms out there. Since 2020, the trading platform has been simplifying the crypto trading process by utilizing a straightforward interface and state-of-the-art security. This Margex review will give you a better idea of the platform’s overall structure and unique benefits that make it a popular derivatives exchange platform.

  • Margex


    1. Operating Since 2020
    2. Currencies Supported 5+ cryptocurrencies
    3. Fees Varies
    4. Deposit Methods Third-party exchanges, credit cards
    5. Fiat Currencies Yes
    6. Verification Methods 2FA, Email confirmation
    7. Margin Trading Yes
    8. Futures Trading Yes

About Margex

Since 2020, Margex has been providing transparency and security for cryptocurrency trades. The global cryptocurrency exchange platform provides worldwide leverage trading, but only with countries or territories that do not require a Bitcoin trading license.

In addition, Margex does not comply with third-party regulations or perform KYC (Know Your Customer) tests on customers. As a result, the Margex platform provides traders with significant anonymity and privacy.

The primary offering of Margex is allowing platform users to buy or sell crypto pairs with up to 100x leverage. In addition, Margex boasts deep liquidity and a book depth of $40 million by combining liquidity from 12 popular exchanges.

Margex allows new and seasoned users to start trading with an easy-to-navigate interface and impressively low fees on a global scale.

Margex Platform Features

Like other trading platforms, Margex utilizes various features that help crypto traders make the most of their investment and boost profit. Since it is a derivative trading platform, it does not support trading actual assets; instead, it supports asset derivative trading.

All digital assets on the Margex platform are in cold storage, making for impressive security. Due to the platform’s cold storage, Margex only allows one withdrawal per day and supports a maximum of six trading pairs.

One of the most notable features of the Margex platform is its simplified user interface. Having an easy-to-navigate interface is an essential feature for a derivative exchange platform since this is where users will spend most of their time when trading.

You can find the order book, price chart, position, pending order windows, and order entry neatly organized on the interface. In addition, on the top of the platform screen, you can find the cryptocurrency pairs, allowing you to switch between pairs quickly, with the chart remaining in the middle.

The best part about Margex’s interface is that it benefits both experienced traders and new ones. The platform’s charting features from TradingView consist of indicators and drawing tools. TradingView is among the top crypto charting sites out there, making Margex’s interface not only simple but also reliable.

Margex users can utilize various types of indicators, including stochastics, Bollinger bands, and moving averages. In addition, you don’t have to worry about chart analysis removal when switching between pairs.

Margex provides numerous other features and benefits for platform users.

Trading on Margex

To start trading on Margex, you must first provide the necessary credentials and verify that you are using the platform in an approved country. Once you provide all the required information, you can make an initial deposit.

One of the advantages of the Margex platform is the simple interface that makes it easy for new users to navigate and start trading. In addition, beginner traders can take advantage of various articles and video guides to gain a better understanding and learn how to increase profits.

Rather than using a series of graphs to create unnecessary complexity, Margex simplifies the platform by streamlining information. Not only does this help new users get used to the digital trading market, but it assists seasoned traders by creating a more straightforward platform.

Along with deep liquidity, Margex offers a valuable affiliate program. Users can take advantage of the 40% discount on trading fees and experience increased profits.

Types of Orders

Margex supports six significant trading pair assets:

  1. BTC
  2. ETH
  3. LTC
  4. ERP
  5. YFI
  6. EOS

Users can trade a futures contract using Bitcoin as collateral to trade against the U.S. dollar. Although the platform offers a limited number of derivatives trading pairs, they support the most popular ones.

In addition, Margex offers three types of orders:

  1. Market orders
  2. Limit orders
  3. Conditional orders

Users execute market orders instantly. Margex utilizes a price lock on market order assets to run through the blockchain. They generally include minimal per-trade transaction fees.

Limit orders allow users to act as market makers by being the ones who incentivize trade and add to the liquidity pool. You can do this by placing threshold parameters around the current asking price. Assets that fall in between the parameter lines trigger the threshold parameter.

Conditional orders are similar to limit orders; however, they have immediate trade executions. Once an asset price triggers the set threshold parameters, it automatically initiates the trade. In addition, you can enable the stop-loss and take-profit feature before order executions.

One of the unique features that Margex offers is allowing users to place a take profit and stop-loss order for each trade simultaneously.

Deposits and Withdrawals Methods

You can deposit funds onto Margex through a third-party exchange or via credit card. The fastest way to deposit funds into the Margex wallet is by transferring Bitcoin from a fiat-to-crypto exchange such as Kraken, Coinbase, Coinzoom, or Gemini.

To do so, you must add a BTC address to the wallet you want to use for deposits or scan the QR code provided by the platform. One of the benefits of the Margex deposit method is that it does not require an overwhelming amount of information, making it significantly quicker.

When it comes to withdrawals, the platform only supports Bitcoin. To withdraw Bitcoin, you will need to provide an address to remove acquired assets, your 2FA code, and the amount you want to take out.

It is crucial to remember that Margex only allows one daily withdrawal at 13 UTC. Additionally, it will generally take a while to show up on the balance sheet.

Margex Trading Fees

One of the most important factors to consider in the Margex review is the platform’s trading fees. The good news is that Margex has a reputation for impressively low fees, making it stand out against other trading exchange platforms such as Binance and Bitmex. In addition, there is no cost to sign up for an account or get a Margex wallet.

Margex has taker fees of 0.06% and maker fees of 0.019% on all six supported trading pairs. Additionally, the platform has a fee that engages when you hold a position open for more than 24 hours, known as the funding fee or overnight financing fee.

It is also helpful to know that the platform does not have fee discounts for trading with its native token or specific volume trades. However, you can earn bonuses by engaging in marketing campaigns. You can use these bonuses for funding or pay for trading fees.

Platform Security

Platform security is a major concern for new and veteran cryptocurrency traders. Margex employs a multi-layered security model to create a secure platform with reduced risk of hacks or fraud. Some of the platform’s security measures include:

  • Asset monitoring and alerts
  • 2 Factor Authentication
  • Multi-sig cold wallets for 100% of assets
  • SSL encryptions for information protection
  • Email confirmations with all withdrawal requests

Perhaps the most notable security feature is Margex’s MP Shield AI encryption and programming. Not only is this security feature high-end, but Margex’s own software development team also developed it. The software offers protection against false liquidation and unwanted price adjustments.

Crypto traders know that trading with leverage has certain risks due to highly volatile assets that can have fluctuating prices and price manipulation. Margex addresses the price manipulation problem by using a unique price manipulation system to monitor algorithm consistency from the 12 platform liquidity partners.

Margex also does not offer liquid assets, which helps make their MP Shield System more secure. In addition, they ensure fair trades for their customers by constantly monitoring any questionable trading activities.

Margex Customer Support

Margex offers impressive technological and security features and gives users valuable customer support. Whether you have specific concerns or need guidance, the Margex customer support team has you covered day and night.

You can contact the Margex customer support team via email or through the platform’s live chat feature. The live chat feature has the most impressive response wait as the average customer only has to wait 10 minutes for a response.

You can find all the customer support contact options under Margex’s “Contact Us” landing page.

Pros

As part of the Margex review, it is crucial to understand the pros and cons of the crypto exchange platform. First, here are some of the major pros of the Margex trading platform:

  • 100x leverage trading
  • Reputable customer support team
  • High liquidity trading pairs
  • Easy-to-use interface
  • Rewards price manipulation
  • Adaptable to your trading requirements

Cons

While Margex offers several advantages for both new and experienced crypto traders, there are various cons to be aware of, such as:

  • Only allows one withdrawal per day
  • Cannot support a 5x leverage point
  • Limited trading fee selections
  • Only credits withdrawals in Bitcoin

FAQs

Is the Margex Trading Platform Available Through a Mobile App?

Many investors are looking to manage their cryptocurrency trades on the go via mobile devices. Unfortunately, the Margex trading platform is not available through a mobile app. However, you can still manage your Margex trades on a mobile device.

Does the Platform Support Isolated Margin Trading?

Yes, the Margex trading platform does support isolated margin trading.

Margex Review Conclusion

The Margex platform has deep liquidity that allows it to offer high leverage at low maker fees. Although it only supports six digital crypto trading pairs, the ones it supports are among the most popular in the trading industry.

To conclude this Margex review, we can say that the platform is ideal for beginners who want to enter the world of cryptocurrency derivative trading. Its streamlined interface makes it easy for users to navigate the platform and keep track of their orders and profits.

With the Margex platform, you can experience trading demand transparency, high-end security, and lower fees. In addition, the affiliate program and cold wallet storage make Margex stand out against other derivatives trading platforms, making it the ideal choice for new and seasoned crypto traders alike.

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.