Margex Review 2024 – Superior Crypto Derivatives Trading With High Leverage

Margex prides itself as the go-to hub for those seeking to capitalize on high-potential trading opportunities in the global crypto derivatives market. With its secure and easy-to-use trading platform, the exchange offers a wide range of industry-leading investment products that are suitable for all categories of traders, including newbies.

While its headquarters is located in Seychelles, Margex is active in more than 150 countries worldwide. More so, the crypto derivatives platform is trusted by over 500k users, a feat that speaks to its robust market presence. 

Beyond its advanced trading products and tools, many other unique attributes of Margex, including its swift payment methods, 24/7 customer service, licensing, and strong security framework have also contributed immensely to its global acceptance. 

In this comprehensive review, we will extensively discuss everything you need to know about Margex. As such, if the goal is to give the exchange a shot, read this review to the end. 

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Overview 

Seychelles-based Margex made its market debut in 2019 and has swiftly established itself as one of the best alternatives to Binance. Described as a crypto trading boutique, Margex carves a solid niche for itself by offering several opportunities for users to build wealth.

It harnesses the powers of blockchain alongside other powerful technologies to deliver speedy order execution time. At press time, the platform can process up to 100k trades per second.

Meanwhile, Margex’s primary focus is to deliver a robust trading platform that specializes in crypto derivatives. It provides easy entry into 36 perpetual futures markets, including Bitcoin, Ethereum, Solana, Tron, Polygon, Cardano, Litecoin, Bitcoin Cash, and many others.

Since it offers high leverage of up to 100x on Bitcoin, BNB, and Ethereum, Margex stands out as a prime location for those who want to savor profits during rising and falling market situations. However, traders must take note that the leverage limits for other cryptos are between 20x and 50x.

That being said, Margex also allows short-selling through margin so that investors can make profits with smaller investments and reduce the burden of their losses.

At the time of writing this review, Margex doesn’t support spot trading, meaning traders cannot own tokens directly. Instead, the trading platform, like other derivatives exchanges, allows users to speculate on futures prices. 

Margex specifically caters to seasoned traders with its trading dashboard that provides drawing tools, indicators, and charts. By analyzing the data from this dashboard, users can spot possible opportunities and make good investment decisions. 

Thanks to its exclusive copy trading feature, newbies are not left behind on Margex. Users do not necessarily have to be deeply rooted in crypto trading before they can make huge gains. 

More so, the platform’s copy trading offering can also be embraced by professionals who are occupied with other commitments. It gives them the opportunity to focus on other tasks while still making profits by copying the trading strategy of highly successful traders. 

Adding a feather to Margex’s cap is its staking facility, offering 5% APY. One of the outstanding features of this staking program is that users can trade with staked funds. Margex also has an affiliate program that rewards users for inviting new people to trade on the platform. 

Features – Full Review

In this segment of our review, we will fully examine all the features that have positioned Margex as a popular destination for savvy traders 

High Leverage

One of the core features of Margex is leverage. The exchange offers a maximum leverage limit of 100x which implies just a 1% margin requirement. Users can enjoy this leverage option while trading assets like Bitcoin, Ethereum, and BNB. 

Meanwhile, other crypto markets come with 50x leverage which is a 2% margin requirement. This option is available when trading assets like Polkadot, Solana, Litecoin, XRP, Cosmos, Cardano, and Chainlink. 

Tokens like Curve, Aave, Filecoin, Compound, and Near Protocol have a leverage of 20x and sometimes 25x which indicates a margin outlay of 5% and 4%. However, Margex charges funding fees on leveraged trades every 8 hours. 

Also, don’t forget that the minimum leverage limit for all cryptocurrencies on the platform is 5x, which implies that traders may suffer liquidation if position size dips by 20%. Leverage limits on Margex may be short compared to what’s obtainable on other platforms, however, they are in line with the market standard.  

Demo Trading 

New users can explore the demo trading option on Margex without having to complete any registration process. Despite being a demo account, new customers will still enjoy a realistic trading experience as crucial tools like charts and technical indicators will remain functional. 

To explore this feature, the exchange will give users a virtual fund of 700 WBTC, permitting them to explore and determine if Margex can meet their trading preferences. Consequently, the demo account is a risk-free trading option that allows users to practice new trading strategies before putting them into real use. 

Copy Trading 

Margex allows users to take advantage of the vast experience of some seasoned traders to make more profit. This is possible through the copy trading feature, ensuring that enthusiasts can replicate the trading strategies of proven traders with just one click. 

The feature is ideal for new beginners and trading experts alike as it empowers them to advance their expertise while making more profits. More so, the copy trading option on Margex doesn’t come with subscriptions or mandate users to pay a certain fee before using it. 

Instead, Margex adopted a system where users of the copy trading mechanism will share their profit by a reasonable percentage between the exchange, the copied trader and the user. As part of its transparent practice, Margex will list out top traders that can be copied, providing their names, followers, ROE, base currency, total equity, and trader’s equity. 

Advanced Trading Dashboard

Margex offers a user-friendly trading dashboard that comes with advanced features for experts. The interface is well-designed to allow good accessibility and traders can select between cross and isolated margins.

Also, on the dashboard, users can choose their required leverage multiple and the order size. Users can also find orders at the upper left of the pricing charts while there is also a slider to arrange investment sizes. 

It is also possible to customize this dashboard to suit your trading demands. The trading dashboard comes with drawing tools, and text and also permits users to draw lines. 

Additionally, the dashboard has a price chart that provides live market data on the performances of a cryptocurrency. Likewise, it gives technical indicators to support traders in making informed decisions. 

Staking 

On Margex, users can explore the available flexible staking pools for five crypto assets. The staking feature allows investors to earn daily rewards without necessarily locking their funds. 

The staking return differs and depends on the assets. USDT and USDC offer the highest APY with 5%. Likewise, staked Ethereum will give users a 4.7% APY return. 

Cryptocurrencies like Bitcoin and Chainlink come with a 3% APY. One of the upsides of this feature is how staked coins are usually available in the equity balance. By that, traders can still use the funds as an initial margin when placing orders. 

How Does Margex Work?

Margex allows users to explore all its advanced trading features through their demo or real accounts. The demo account is introduced so that beginners can practice trading strategies with virtual funds.

Users are not required to go through any registration process to use the demo account option on Margex. Nonetheless, to open a real trading account Margex, new users are required to go through a simple 2-step registration process. 

Unlike other cryptocurrency exchanges, Margex doesn’t mandate users to undergo rigorous verification before creating accounts. With a valid email address and password, newcomers are good to go. 

Meanwhile, after completing the registration process, users are expected to fund their account. Margex supports payment in cryptocurrencies, including Bitcoin, Ethereum, USDT, USDC, Solana, Litecoin, and many others. While it doesn’t allow direct fiat deposit, traders can still purchase crypto on the platform using their debit or credit cards. 

More so, to ensure easy fiat-to-crypto conversion, Margex has integrated third-party payment firms like ChangeNow and Changelly. Users are not charged while making deposits into their accounts. However, they might need to pay network fees, especially when completing the transaction from their private wallets. 

Want to start trading cryptocurrencies but don't have any? 🤔

No problem! On Margex you can buy crypto directly.

All you have to do is use one of the built-in widgets of our two partners: Changelly and ChangeNow.

Make a deposit and enjoy trading with Margex! 🙆 pic.twitter.com/T2dbJDG5q3

— Margex (@Margexcom) June 25, 2022

In terms of withdrawals, Margex is one of the few crypto exchanges that do not take any additional fee but users must note that only crypto can be withdrawn from the platform. 

Finally, Margex is accessible through its mobile application or desktop version. The two versions offer the same trading experience. 

Why Should I Choose Margex?

Have you been looking for the right spot to trade cryptocurrencies? Read on to find out if Margex suits your requirements:

User-friendly Interface & Mobile Trading

When it comes to providing a user-friendly trading experience, only a few come close to Margex. The platform is known for its sleek design that’s not only simple to use but also easy on the eyes. This impressive aspect of Margex enhances accessibility, allowing users including beginners to focus more on their trading endeavors and worry less about how to use the platform.

Also, Margex offers two mobile trading apps that are compatible with Android and iOS devices. The first app caters to advanced traders who regularly engage in trading perpetual futures while the second one is specifically designed for copy trading. Both apps are suitable for those who are always on the move. 

Supports Multiple Languages 

To ensure more inclusiveness and allow traders from every corner of the world to access its unique offerings, Margex has adopted a multilingual stance. Users can use the platform in 10 different languages including:

• English
• French
• Spanish
• German 
• Italian 
• Turkish 
• Portuguese 
• Chinese 
• Arabic 
• Russian 

Competitive Trading Fees 

Trading charges on Margex are quite reasonable. It comes in two rates –  limit order – 0.019% and market order – 0.06%. The lowest, 0.019% is charged when traders are accepting limit orders that have been entered by market makers because it provides the exchange with liquidity.

Most experts prefer limit orders as it empowers them to select the execution price. In this system, the commission is multiplied by the total trade amount.

Nevertheless, market orders are more suitable for traders who want to buy and sell perpetual futures instantly. With market orders, the platform will execute the trade at the next available price. 

Like limit orders, commissions on market orders are also charged at both ends of the trade. Meanwhile, the commission is usually higher than 0.06%. 

Also, considering the margin trading fees on Margex, traders can enjoy a minimum leverage multiplier of 5x which requires borrowed funds for every position. Situations like this will attract margin trading fees which can be likened to paying interest on a loan.

The fees are charged based on the perpetual contracts a trader is trading, the crypto trading value, and market conditions. To ensure full transparency, Margex usually displays its fees when traders are making orders. Likewise, the exchange charges margin trading fees every 8 hours at some predetermined intervals. 

Is Margex Reliable And Secure? 

Although Margex is not licensed yet by any financial institution due to regulatory confusion in most countries, it does its best to deliver a safe crypto trading experience. Like other leading crypto exchanges around, Margex has invested heavily in the latest and institutional-grade security technologies like Secure Sockets Layer (SSL) encryption to safeguard users and their funds.

Meanwhile, all users’ assets on Margex are kept in a cold wallet. The exchange also uses two-factor authentication (2FA) through Google Authenticator. With this, Margex ensures that users’ accounts are safe even if their login credentials are compromised. Likewise, withdrawal requests on the exchange require a 2FA code and email confirmation. 

Pros & Cons

In this segment, our review team will walk you through the upsides and downsides of Margex so as to help you make an informed decision. 

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Available Countries

Margex leaves no stone unturned to provide excellent crypto trading services to users from almost all corners of the world. However, due to local regulatory restrictions, traders from countries like the United States, the Republic of Seychelles, Iran, Canada, Syria, Cuba, and China amongst others are prohibited from using its platform. 

Customer Support

In keeping true to its mission to deliver a streamlined trading experience, Margex has introduced multiple support channels that cater to all categories of traders. One of the most active support options on Margex is its live chat. Those seeking immediate resolutions to whatever issues they face while navigating the platform can try out this support channel as it is always available 24/7. 

Also, Margex has an email support channel that provides the opportunity for users to directly interact with the team, lodge complaints, and get quality help. That being said, users can even solve any platform-related issues without reaching out to the team, thanks to its help center. 

This page is enriched with detailed information on how to carry out deposits and withdrawals, how to convert crypto, how to engage in copy trading, and many more. The Margex’s team is also reachable on social media through its Twitter, Telegram, and Facebook handles. 

Notably, the availability of all these efficient support channels has positioned Margex as the favorite destination of many traders, particularly those seeking to experience hitch-free trading. Margex is rated 3.8 on a scale of 5 by Trustpilot when it comes to users’ experience, a rating that’s yet to be achieved by even industry leaders like Coinbase. 

User Experience 

Without a doubt, Margex’s integration of a vast number of top technologies, products, and tools has not only enhanced its market appeal but also contributed significantly to the positive user experience on the platform. 

Renowned as the easiest entry point for those who want to dive into the global crypto market, the Margex platform is designed with users’ convenience in mind, offering lightning-fast order execution, easy-to-use and industry-standard trading features, liquidity from numerous providers, and an intuitive interface at very competitive fees. 

The combination of all these outstanding offerings helps position traders ahead of the curve, ensuring that they can monitor their trades and maximize all potential market possibilities anytime, anywhere. At its core, Margex has a first-class mobile application that’s accessible on the Google Play Store and App Store. 

The mobile app mirrors all the fantastic features that users will find on Margex’s desktop version. While both versions are responsive and well-optimized to fit into users’ screens, there’s no doubt that traders who are always on the move will prefer using the mobile pathway. 

In recent years, reviews from real users of the application have been incredible. On the Google Play Store alone, the mobile app has an impressive star rating of 4.5/5 and more than 10k downloads, underscoring its level of acceptance among traders. 

Like its desktop version, Margex’s mobile app stands out among its peers due to its straightforward and user-friendly posture. Users, including beginners, find it very easy to create  trading accounts, make payments, buy cryptocurrencies, and explore all the markets that align with their investment objectives. 

All the icons, labels, and bars on the trading platform are strategically positioned to deliver almost-instant access. Therefore, whether you are using a smartphone, tablet, or desktop, rest assured that Margex has got you covered. 

Our review team also checked various review platforms like Trustpilot to examine what users feel about the overall performance of Margex. In most of the reviews, users have good stories to tell, emphasizing how Margex’s customer-first approach has simplified their overall trading experience. 

One major aspect of Margex that has been praised by many users is its support for demo trading, allowing newcomers who are still finding their feet in the industry to navigate its top features without sacrificing real money. Margex also provides customized price charts that can easily be analyzed by every category of traders for better investment decisions. 

Most importantly, in terms of security, Margex is second to none. It ensures that its activities are in line with the highest standards so that users can feel safe while growing their investment portfolios.

Besides storing all funds in cold wallets, Margex also takes some steps further by embracing email verification, SSL data encryption, two-factor authentication, MP shield, and periodic security audits. As such, it is no fluke that the platform has kept an unblemished record when it comes to the security of users and their funds.

Users can always report security issues to the customer support department of the exchange. More so, on regular occasions, Margex, through its trading guides and video tutorials, usually enlightens its users about how they can keep their accounts safe from unauthorized third parties.

How To Get Started With Margex 

Margex has taken a no-KYC stance so that new users can get started in less than 30 seconds. Users can either create their accounts with Margex through its mobile app or desktop version. Regardless of the choice made, rest assured that the onboarding process will be swift, easy, and straightforward. 

For those interested, this segment of our review highlights all the guidelines that can be followed to create a trading account with Margex. 

Step 1: Go to the official website of Margex – To do this, we advise that you use the affiliate link provided in this guide alone –  margex.com/en. Beware of copycats and avoid phishing websites. While at the site, you will find the link that will take you directly to the platform’s mobile app on the Google Play Store and App Store. 

Step 2:  Create an account – The account creation process on Margex can be completed in two simple steps as users are only mandated to provide their email addresses and passwords alone. If referred by other users, you can also provide the referral code of the person though this is not compulsory. Nonetheless, every user must certify that they are not residing in any of the countries that have been restricted from using Margex. 

Step 3: Start Using Margex – After clicking the “Sign Up” menu, the provided email address will be verified by the platform before the account is created. Once the process is completed, users can start navigating all the tools on Margex that complement their trading goal. 

Margex Review – Our Verdict 

Amid the heavy competition in the crypto trading landscape, Margex has risen through the ranks to become one of the most sought-after exchanges in the world.

With its support for a host of popular markets and loads of top-tier offerings, spanning demo trading, perpetual futures, copy trading, staking, and real-time market data, Margex ensures there is something on the table for every trader. 

Margex is also renowned for its exclusive bonuses. Whether you are an active trader or not, you can take advantage of the platform’s referral program to earn more income. Users can also take advantage of its $100 trading bonus on every first Bitcoin deposit and its lineup of special offers, including its 50% discount on trading fees.

All in all, Margex stands out as a one-stop solution for better trading. The platform’s security framework is reliable, its payment system is reliable, and its trading fees are quite affordable. In addition, Margex stands out with its overload of YouTube video tutorials which assist beginners and professional traders to gain deep insights into how they can spot potential opportunities in the market and maximize them. 

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