Reviewed broker: MEX Exchange
Operated by Mex Australia (former IKON)
Established in: 2012
Location: Sydney Australia
Regulation: ASIC
MEX Advantages
- Lower Spreads
MEX strives to offer the lowest spreads in the market. We have invested heavily in this technology, which in turn allows MEX Exchange to perform with unparalleled stability and readability. We have built momentous relationships with leading liquidity providers and are constantly investing to provide our clients with the best trading experience. - Range of Markets
MEX understands that not all traders and investors goals or risk desire is the same. That is why we offer a wide broad range of financial instruments to choose from, Foreign Exchange, Metals (Gold & Silver) and CFDs. - Vast Variety of Trading Tools
MEX offers numerous trading tools, including MAM & PAMM, Virtual Private Servers, and Trading Facilities for partners, White Label Technology and many others.
- Advanced Trading Platforms
MEX uses the markets most favoured platform MT4. MEX platforms are designed around the notion that in order for trading to be truly efficient and profitable, a trader must not only have knowledge of the trading process, but the software itself must provide each and every tool that will maximize his or her ability to be successful. - Trade Anywhere
Our mobile trading solutions have been designed and built individually for iPhone, iPad and Android™ devices to give you the best trading experience possible and allow you complete control over your account and your trades, wherever you are. - Regulation
MEX Exchange is regulated by the Australian Securities and Investment Commission (ASIC) and meets strict capital requirements. When funding your trading account client funds are held in segregated client trust accounts with Australian banks
MEX Exchange Review : Trading Conditions
Trading instruments: Forex, Metals, Stocks and CFDs
Currency pairs: 30+
Leverage: up to 500:1
ECN: yes
Average spreads: 0.2 pips on major currencies
Minimum trade size: 0.01 lots
MAM: yes
PAMM: yes
Virtual Private Servers (VPS hosting): yes
Account types: Classic, ECN
Demo account: yes, with $100,000 virtual funds
One click trading: yes
Expert Advisors: yes
Social trading: no
MEX Review : Trading Platforms
MEX NexGen MT4
MEX NexGen MT4 provides traders with a clearer trading foresight through an additional 11 features on MT4. MEX NexGen offers additional institutional quality MT4 tools over above those provided in the underlying trading platform. This includes advanced trade execution and management, decision assistance, sophisticated alarms and messaging broadcasting facilities, plus news and market data.
MEX NexGen Alarm Manager
The Alarm Manager is a personal trading assistant which can notify the trader – or their followers on social media – about events, and carry out any number of automated actions such as opening positions or sending email.
MEX NexGen Correlation Matrix
The Correlation Matrix gives traders invaluable market information on different time scales and enables them to make better risk-informed decisions. The Matrix show correlation between different markets, and lets the trader highlight areas of low or high correlation.
MEX NexGen Correlation Trader
The Correlation Trader lets traders compare correlation between two symbols, and trade emerging differences. It shows both the correlation between the symbols and also recent price activity and any open positions in the chosen symbols.
MEX NexGen Excel RTD
Excel RTD puts real-time account, ticket, and price data into Excel using simple formulas – no macros, no programming. Traders who do have basic programming skills can also use the app to send trading commands from Excel (or any other COM environment).
MEX NexGen Market Manager
The Market Manager provides full control over symbol watch-lists and all account and order activity from one small and convenient window. Traders can select symbols, view recent price activity, place market and pending orders, and modify existing positions.
MEX NexGen Mini Terminal
The Mini Terminal is an extension of the Trade Terminal, currently for MT4 and MT5 only, which displays the same deal ticket as the Trade Terminal in the context of a specific trading chart.
MEX NexGen Sentiment Trader
The Sentiment Trader shows sentiment based on real open positions: the number of traders who are currently long or short. The app also shows historic sentiment plotted against price, and a dashboard of current sentiment on multiple symbols.
MEX NexGen Session Map
The Session Map gives the trader a quick market overview through the world’s key markets and time zones. It shows the current global time, markers for future news events, plus an overview of price movements during each session.
MEX NexGen Stealth Orders
The Stealth Orders app lets traders hide their pending orders from other market participants. Instead of placing a stop or limit order, the app waits for an entry price to be hit and then buys or sells at market. The app also provides stealth stop-losses and take-profits.
MEX NexGen Tick Chart Trader
The Tick Chart Trader displays a variety of different types of tick chart, including traditional tick-by-tick line charts, timed tick charts, and tick bars/candles. The app also allows ultra-fast order entry using single mouse-clicks or keyboard shortcuts.
MEX NexGen Trade Terminal
The Trade Terminal is a feature-rich professional trade execution and analysis tool. It offers precision trading, automated scaling out from positions, templates for frequently used order entries, and analysis of open positions.
MEX Exchange MT4 (Desktop, web and mobile)
MEX – MT4 Platform offers trading in Forex (FX), Metals and CFDs utilizing MEX’s State of the art ECN technology coupled with the MT4 Trading Systems. We have invested heavily in this technology, which in turn allows MEX Exchange to perform with unparalleled stability, reliability and tight 5 two-way figure pricing.
MEX Trading Platform Advantages
- High – end technology and new levels of stability and reliability
- PAMM & MAMM accounts
- Full API support and connectivity
- One Click Trading
- Multiple liquidity providers
- World-class service for the foreign exchange professional
- Multiple documented APIs
- Liquidity provider service available
- Full use of all Expert Advisors to automate your trading
- Instant sub-second trade capture/execution
- Pure ECN
- Competitive dealing and the tightest spreads
MEX Review : Spreads
| Symbol | Priced Digits | ECN From | ECN Average | Classic Average |
|---|
| AUDUSD | 5 | 0 | 0.2 | 0.7 |
| EURAUD | 5 | 0 | 0.8 | 1.3 |
| EURGBP | 5 | 0 | 0.5 | 1.0 |
| EURJPY | 3 | 0 | 0.3 | 0.8 |
| EURUSD | 5 | 0 | 0.2 | 0.5 |
| GBPJPY | 3 | 0 | 1.1 | 1.6 |
| GBPUSD | 5 | 0 | 0.3 | 0.8 |
| NZDUSD | 5 | 0 | 0.3 | 0.8 |
| USDCAD | 5 | 0 | 0.3 | 0.8 |
| USDCHF | 5 | 0 | 0.3 | 0.8 |
| USDJPY | 3 | 0 | 0.2 | 0.7 |
What MEX Exchange offers
- Super-fast execution
- Tightest spreads in the market
- Advanced MT4 award winning trading platform
- Superior trading tools
Why trade with MEX Exchange
- Challenger brand to do things differently
- We are human and we care
- We will fight for your business and fight to keep it
- Personal expertise in everything we do
- Dedicated Account Manager
- Incredible & personal service
- Education Packages
- Innovation always
Account Types
Classic Account
MEX Exchange MetaTrader 4 standard account provides our clients with swift execution speeds and with market leading spreads this account type is suited for all traders.
Server stability and reliability is our number one priority at MEX Exchange. We thrive on providing our clients with the latest and best technology that is why we house our servers in the hub of the finance district in New York.
We have relationships with some of the largest liquidity providers in the industry to be able to provide our clients with a first-class trading experience.
Details:
- Minimum Opening Deposit: $0
- Minimum Contract Size: $0.01 (Micro Lot)
- Maximum Leverage: 500:1
- Commission: $0
- Spreads: As low as 0.5 Pips
- Trading Platform: Meta Trader 4
ECN Account
MEX Exchange offers your market leading pricing and trading conditions through the MT4 platform by providing clients with the True ECN Connectivity.
Using MEX ECN, this forex trading platform gets its raw feed directly from our ECN (Electronic Communication Network) connection and as a result yields the tightest spread on EURUSD starting from 0.0 pips on average, making it the front runner in our line-up.
Details
- Minimum Opening Deposit: $0
- Minimum Contract Size: $0.01 (Micro Lot)
- Maximum Leverage: 500:1
- Commission: $7
- Spreads: As low as 0.0 Pips
- Trading Platform: Meta Trader 4
MEX Exchange Review : Payment Methods and Support
Payment options: Neteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer
Minimum deposit requirement: $25
Credit and Debit Card
Processing Time: Deposits are instant in most cases.
Available Currencies: AUD, EUR, GBP and USD
Wire Transfer / Bank Transfer
Processing Time: Within 24 hours of receiving funds.
Available Currencies: AUD, EUR, GBP and USD
Skrill
Processing Time: 1-4 business hours.
Available Currencies: EUR, GBP and USD
Neteller
Processing Time: 1-4 business hours.
Available Currencies: AUD, EUR and USD
MEX Exchange does not charge any internal fees for deposits or withdrawals. However, please note payments to and from international banking institutions may attract intermediary transfer fees and/or conversion fees from either party which are independent of MEX Exchange. Any such fees will be the responsibility of the client.
Customer support: phone, email, feedback form
How was the rating of MEX Exchange performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Mahi FX broker performance and features.
Overall our online MEX Exchange review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online MEX Exchange or you find inaccurate details MEX Exchange broker review please get in touch with us and the changes will be applied.
