MEXEM, founded on July 28, 2008, is a Cyprus-based broker regulated by CySEC. It provides access to diverse instruments like stocks, ETFs, and futures, and supports multiple trading platforms.
| Founded | 2008 |
| Registered Country/Region | Cyprus |
| Regulation | CySEC, FCA (Revoked) |
| Trading Products | Stocks, Bonds, ETFs, Options, Futures, Warrants, Mutual Funds, Metals |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | Client Portal, TWS, MEXEM Lite, MEXEM APIs |
| Minimum Deposit | / |
| Customer Support | Contact form
Phone: +357-25030447 Email: [email protected] |
Pros and Cons
Pros
Long operational history
Regulated by CYSEC
Various trading products
Free initial withdrawal
Cons
Revoked FCA license
Commission fees charged
Limited educational resources for beginners
Is MEXEM Legit ?
MEXEM is currently regulated by the Cyprus Securities and Exchange Commission (CySEC) and was previously regulated by the UK Financial Conduct Authority (FCA), but its license has been revoked.
What Can I Trade on MEXEM?
MEXEM offers 8 types of trading instruments: stocks, bonds, ETFs, options, futures, warrants, mutual funds, and metals.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Bonds | ✔ |
| ETFs | ✔ |
| Options | ✔ |
| Futures | ✔ |
| Warrants | ✔ |
| Mutual funds | ✔ |
| Metals | ✔ |
| Forex | ❌ |
| Other Commodities | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
Account Type
Individual Account Types: Individual, Joint, Family Office, Friend & Family
Business and Professional Account Types: Small Business, Advisor, Funding Manager, Proprietary Trading Groups, Hedge & Mutual Fund, Compliance Officers
MEXEM Fees
MEXEMs fee structure varies by product. Below is a summary of the main commissions and minimum fees in USD:
| Trading Product | Commission Fee | Minimum Fee |
| Stocks and ETFs | $0.005 per share | $1 |
| Stocks & Index Options | 2 | $2 |
| Futures Options | 4 | $3.50 |
| Futures | 1 | $1 |
| Metals | 0.03% | $3 |
| Bonds | 0.15% | $8 |
| Forex (FX) | 0.005％ | $5 |
Trading Platform
MEXEM offers four types of trading platforms.
| Trading Platform | Supported | Available Devices |
| Client Portal | ✔ | Web |
| TWS | ✔ | PC, mobile, watch |
| MEXEM Lite | ✔ | iOS, Android |
| MEXEM APIs | ✔ | Custom, Third-party apps |
Deposit and Withdrawal
For withdrawals, MEXEM offers a free allowance for the first withdrawal. For example, SEPA and wire transfers in the Eurozone are free within 30 days of account activation; after that, they incur fees of €1 and €8 respectively. USD withdrawals are free for the first transaction, then $10 per transaction afterward. GBP withdrawals are also free for the first time, with a £7 fee for each subsequent withdrawal.
