Margex Exchange Review: Trade Crypto with Confidence

In this article I am going to look at Margex Exchange, a versatile crypto derivatives trading platform for novice and professional traders alike.

Margex started in 2019 and offers up to 100x leverage with copy trading, staking, and other advanced security features. Margex has a simple, user-friendly interface, offers clear information on trading fees, and allows crypto trading and staking in a very efficient and seamless way.

What is Margex Exchange?

Founded in 2019, Margex Exchange has become a reputable trading platform with more than 500,000 registered users and a remarkable order book depth of more than $50 million. Margex Exchange’s trading infrastructure is capable of ultra-fast executions, averaging under 8 milliseconds, and handles up to 100,000 positions every second.

Primarily, Margex is focused on perpetual futures trading, which allows traders to speculate on crypto prices and earn profits without actually owning the crypto. Also, perpetual futures trading is very different and more complex than spot trading, as it allows the trader to use leverage on the trading account and short-sell the crypto.

At Margex, traders can use up to 100x leverage on crypto pairs such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Tron (TRX). Other crypto pairs have leverage between 15x and 50x, which means there is a lot of flexibility available to the trader; leverage can be adjusted to their trading style.

The platform also has the unique ability to copy trade, which allows users to automatically copy the trades of more experienced and successful traders. Margex crypto has additional unique features such as staking crypto with up to 7% APY and allowing trading of the crypto coins that have been staked, which is a very unique feature amongst crypto exchanges.

Key Point

Getting Started With Margex?

How to Get Started with Margex Exchange

Starting with Margex is easy even if you are a beginner. The platform is designed to ease you through the onboarding stages so you can begin trading in a matter of minutes. Below is a simple step guide to setting up your account and performing your first trade.

Registration

• Visit the Official Website: Go to the Margex website to begin.
• Click “Register”: Go to the ‘Register’ button and click it.
• Enter Your Details: Type in your email address or phone number and select a strong password.
• Complete Verification: Verify your account by solving a simple captcha puzzle.
• Verify Your Account: Activate your account by entering the verification code you received via your registered email or phone number.

Securing Your Account

• Enable Two-Factor Authentication (2FA): For account security, go to Security Settings and activate 2FA.
• Backup Your Security Key: Keep your recovery key in a safe place as it is required for account recovery in case you lose access to your 2FA device.

Funding Your Account

• Deposit Funds: Margex accepts multiple cryptocurrencies for deposits including BTC, ETH and others.
• Fiat Payment for Crypto: You can use Visa, Mastercard, or PayPal to buy Bitcoin or other cryptocurrencies with USD, EUR, or GBP.
• Navigate to “Wallet”: You can open your wallet from your dashboard.
• Select Deposit Option: Select your desired crypto or fiat currency and then deposit by following the given instructions.

Understanding the Platform

• Learn the Console’s Basics: Start with the dashboard overview to see your portfolio, current market information, and your open market positions.
• Demo Account: This is for beginners to practice trading derivatives with no money and can use the demo trading mode Margex provides.

Starting Trading

• Market Choices: Select from trading pairs like BTC/USD or ETH/USD.
• Leverage: You can set your leverage to 100x with other major crypto pairs.
• Order Type: You can choose to make a market order (filled immediately) or a limit order (filled at your specified price), and then confirm the transaction.

Analyzing Your Trades

• Performance: You can track the real-time charts and data tools Margex provides to see the current standing of your trade.
• Alter or Terminate Orders: You can change or end orders to suit the current market situation.

Margex Exchange Products

Futures

Trade cryptocurrency derivatives with the best-in-class UI for both professionals and beginners.

Copy Trading

Over 100 successful traders. Choose and copy 100% of their trades in 1 click.

Staking

Hold cryptocurrency on Margex and earn interest on your account.

Price Alerts

Stay in touch with all important market movements and price changes.

Buy Crypto

Purchase cryptocurrency through Margex’s trusted partners.

Two Mobile Apps

“Margex app” – For Traders “Copy trading app” – For Followers.

Cryptocurrencies Offered by Margex

Margex features several digital assets which allows users to implement many different strategies in the crypto derivatives market. Although the platform emphasizes primary cryptocurrencies, it still keeps things easy by only providing a simple list of popular and liquid assets.

Fiat Currencies

Margex users can buy Bitcoin with the major fiat currencies USD, EUR, and GBP. Any transactions involving these currencies are facilitated by third-party payment processors as Margex does not support direct bank transfers.

Supported Cryptocurrencies

Margex supports several leading cryptocurrencies describing trading and collateral functions:

• Bitcoin (BTC)
• Ethereum (ETH)
• Solana (SOL)
• TRON (TRX)
• Polygon (MATIC)
• Chainlink (LINK)
• Litecoin (LTC)
• Avalanche (AVAX)

Nevertheless, keep in mind that Margex does not currently support popular cryptocurrencies like XRP, Binance Coin (BNB), Cardano (ADA), and Polkadot (DOT). Also, the platform does not support memecoins like Dogecoin and Shiba Inu.

Payment Methods

Margex offers a wide range of convenient payment methods to users around the world for depositing and withdrawing funds.

• Visa
• Mastercard
• PayPal
• SEPA (Euro payments)
• UnionPay
• Google Pay
• Apple Pay

Per Margex Fees

Whether you are a beginner or a professional trader, knowing the trading platform fees is very important. Margex is simple and easy to the point. The only fees you will encounter are trade fees and funding fees.

Types of Fees on Margex

Trade Fees:

What is it? Trade fees are the fees incurred for the process of trading.

When is it charged? It is charged through the opening and closing of a position.

Funding Fees:

What is it? This is the fee charged for holding a position for a longer duration.

When is it charged? This is charged every 8 hours, at 00:00, 08:00, and 16:00 UTC.

Trade Fees

Every trader on Margex is subjected to two types of trade fees depending on the type of order placed.

Taker Fee (Market Orders): Rate: 0.060%

When is it charged? It is charged when a sell order is placed, and it is matched to an existing order that is on the order book.

Maker Fee (Limit Orders): Rate: 0.019%

When is it charged?: If you place an order that gets recorded on the order books but is not active in the market, which are limit orders, you will incur this charge. This includes scenario where you place a buy order below the market price or a sell order above the market price, as well as conditional take-profit orders where the market price is also above the take-profit.

Funding Fees

Funding fees will be triggered whenever you hold a position beyond the defined 8-hour funding periods which fall at 00:00, 08:00, and 16:00 UTC. Here’s a brief on the process:

How it works: Cross a position over and you will incur a funding fee, but if you close your position before the rollover, you fund the next period.

Where to see it: You will see the funding countdown on the Trade page, just above the trading chart. This will also show you when the next funding period will start.

Rates and Calculation: The rates will depend on the funding and the position ratio for longs and shorts, and market volatility. Hovering over the funding timer will show the current rates for your trading pair. Funding fees are calculated over the full size of your order and will not be prorated.

Key Points to Remember

Trade Fees: Charged when an order is executed; Taker Fees equal 0.060%, while Maker Fees equal 0.019%.

Funding Fees: Charged over an 8-hour cycle when a position is held through the funding periods; visible on the Trade page timer.

Deposit and Withdrawal Fees

Deposit Fees: Margex has no fees for deposits; this is a distinct advantage for customers who want to transfer funds to the platform and not pay additional charges.

Withdrawal Fees: Margex has no extra fees for withdrawals. There is a standard blockchain miner fee that will apply, and this will show up in the withdrawal placement window. This way, you will not have unexpected fees from the platform.

Margex Convert Feature

The Margex Convert tool is built in currency swap functionality that enables users to immediately exchange any cryptocurrency for another without interacting with the conventional trading screen. This assists in simplifying the balance for traders to eliminate unnecessary complexities while diversifying their portfolios.

Margex Convert Key Features

No Conversion Fees: Users can utilize Margex Convert to swap cryptocurrencies at no additional cost, thereby retaining the complete amount involved in the transaction.

Holder Cryptocurrencies: The converter system supports primary coins and stable coins as listed below: Bitcoin (BTC) Ethereum (ETH) Solana (SOL) Litecoin (LTC) Polygon (MATIC) TRON (TRX) Stablecoins: USDT (TRC20 & ERC20), USDC, USDP

Conversion Limits: Margex supports system stability by imposing daily limits on conversions which have a minimum of $10 and maximum of $30,000 for each exchange.

Conversion Speed: In most situations, conversions are completed immediately so users can respond quickly to changes in the market. That said, network congestion can affect transaction speeds during busy times.

Conversion History: For transparency purposes and to facilitate portfolio monitoring, users may review the full transaction conversion history under the ‘Convert’ section and the ‘Transaction History’ tab in the Margex account.

Key Features of Margex Exchange

Leverage Trading

Margex focuses on derivatives trading, offering traders up to 100x leverage. This is perfect for seasoned traders wanting to increase their exposure to the market. With the ability to amplify one’s position, traders can potentially increase their returns, thus making Margex an excellent platform for advanced level traders.

Multicollateral Wallets

With Mergex’s multicollateral wallet system, users can deposit any supported cryptocurrency and trade almost any pair on the platform. With settlements being automatically processed in the users selected collateral, there is no need for users to hold base asset of a trading pair.

Two Dedicated Mobile Apps

Margex offers two separate mobile applications which improves their accessibility: one for leverage trading and the other for copy trading. This is intended for the copy traders so that they can zone in on their strategies with no distractions from the main trading interface.

Comprehensive Market Data

With Margex, there is live deal flow and a $40 million+ deep order book, which is aggreggated from over 12 liquidity providers. This truly shows the transparent and stable market environment that Margex is offering. This greatly reduces the risks of price manipulation and ensures fair market execution.

Copy Trading

Via copy trading, users can set up and run trading strategies or copy seasoned traders. Each strategy is a fund pool, and followers can congruently replicate the trades and results of traders within the platform’s built-in automatic trading feature.

User-Friendly Interface

For Margex, simplicity and ease of use or the clean, modern, and intuitive design constitutes a major achievement as the platform allows beginners and advanced traders alike to systematically navigate, access, and switch charts and execute trades easily and with little friction.

Robust Security

Account and data security are top priorities within Margex’s values and mission. The exchange employs cold wallet storage, advanced encryption, and other multi-layered protection to user accounts and personal data and reduce risks of breaches and hacks.

Zero-Fee Converter

With no additional fees for swapping supported cryptocurrencies, the crypto converter tool allows users to manage their portfolios and simplifies their movement around transactions.

Staking Rewards

Strengthening staking significantly, Margex achieves its staking offers by offering returns of up to 5%. Unique to “MP Shield” system, price protection against extreme volatility and price stability are still guaranteed whilst protecting risk averse users.

Referral Program

In Margex’s referral program, users can earn 40% of trading fees from friends and traders invited to the platform, promoting passive income. This encourages the community to grow and rewards active users.

Margex Earn – Generate Passive Income Through Crypto Staking

Margex Earn is a flexible and rewarding feature that allows users to earn passive income by staking their cryptocurrency holdings. It combines attractive returns with full trading flexibility, making it ideal for both casual investors and active traders. With competitive APYs and built-in security systems, Margex Earn ensures a stable and transparent staking experience.

Key Features of Margex Earn

Competitive APY

Margex Earn offers up to 5% Annual Percentage Yield (APY) on staked cryptocurrencies. This rate is highly competitive in the crypto industry, providing users with an opportunity to grow their assets over time without active trading involvement.

MP Shield System

A unique feature of Margex, the MP Shield System, protects stakers from price manipulation and extreme market volatility. By stabilizing asset values during staking, MP Shield ensures a safer environment for users to earn consistent rewards, even in turbulent markets.

Trade While Staked

One of the standout benefits of Margex Earn is the ability to trade while your assets are staked. Users don’t have to lock away their coins completely—this feature allows them to continue participating in trading activities while still earning staking rewards, combining the best of both worlds.

Limited Staking Pools

Margex keeps its 5% APY staking pools limited to maintain competitive and sustainable returns. Since available slots can fill up quickly, users are encouraged to monitor Margex’s newsletters and app notifications for updates on new staking opportunities and pool openings.

User-Friendly Staking Process

Margex makes staking simple and accessible for all users. By navigating to the Earn section of the platform, users can select their preferred asset, review the staking terms, and start earning in just a few clicks. The interface provides step-by-step guidance, ensuring even beginners can participate effortlessly.

Can Margex Be Used in the US

Unfortunately, Margex Exchange is not accessible in the US. Due to the exchange’s policies, US-based traders are unable to utilize any of their services. In certain other countries, traders may still be able to access some of the functionalities, even if limited. For US traders, however, Margex provides absolutely no tools.

Is Margex Exchange Safe?

Is Margex Exchange safe? For simple users, the answer to the question is yes. For each Margex account, two-factor authentication is put in place and is required for key actions, such as logging in and requesting a withdrawal, as well as actions like changing a password. Margex account holders receive unique codes to be used for these actions.

Accounts can access the Google Authenticator app found on Google Play and App Store. It is, however, advisable to switch on two-code authentications as it becomes mandatory, and it is good to be safe.

Users receive custom email notifications regarding logging in, placing and withdrawing funds, and liquidation. Margex has 100% cold storage of client assets which is a good practice. A 24/7 security team is excessive but gives peace of mind.

Because Margex does not offer regulation, is a derivative only platform, it does mean that there is tier 1 licensing involved. This would be a risk to consider.

Conclusion – Review of Margex Exchange

Margex Exchange is a leading modern and trustworthy crypto derivatives trading platform and I can understand why. The appreciate it because of the cutting-edge functionality, intuitive interface, and comprehensive security infrastructure. The platform is well-suited for newbies and experienced traders because of its up to 100x leverage, multicollateral wallets, copy trading, and staking with MP Shield protection features.

Feel Margex is mostly good even though it is missing some well-known cryptocurrencies and regulatory licensing because of its transparency, low trading fees, cold wallet storage, and strong security 24/7 surveillance. The proposition of trading while staking with zero-fee conversions is a diamond feature for traders, I feel.

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