Margex Review: Is it Safe to Trade on Leverage? [2021]

Margex is a cryptocurrency exchange platform that offers up to 100x leverage. Further, in this Margex review, we’ll be going through all of the platform’s major features including its trading fees, security, pros & cons, etc.

Established in2020
Supported crypto assetsBTC, ETH, USD, XRP, LTC, YFI, EOS
Supported fiat transactionsNew Zealand Dollar, AUD, UK (Pound Sterling), Singapore (SGD)
Headquarters Seychelles
Minimal deposit required$10
Transaction Fees0.19% / 0.060%
Client supportAvailable 24/7
Withdrawal FeesAuthorized crypto network fees

Summary (TL;DR)

  • Margex is a newly designed crypto exchange that offers up to 100x leverage in Bitcoin and other assets.
  • Margex brings in liquidity pools for more than 12 exchanges at one single place. 
  • Affordable fees are offered by the platform in order to bring in loyal customers. They offer 0.019% on maker fees and 0.060% on taker fees. 
  • Unlike other trading platforms, Margex provides up to 100x leverage in order to minimize the risks of trading.
  • Margex doesn’t care much about the KYC procedures of traders as they dont want them to go through any kind of complications.
  • Further, it offers 40% through affiliate programs, which turns out to be pretty generous as compared to other platforms. 
  • As spot trading is not available on Margex, derivatives trading is the only option left for leveraged trading. 
  • The trading view of Margex proves that it is simple to understand without much complexities. 
  • In Margex, withdrawal methods are only processed in BTC values and no other asset is accepted. 
  • Margex has a unique element for the protection of its users’ data known as AI-customized M&P Shield with data encryption.

Also Read: An Ultimate Guide To Leveraged Token [Bull Token]

Key Features

Commendable for Beginners

Margex provides its traders with exceptional trading features and easy-to-use features. These traits are more helpful for people who are newcomers as it does not seem much complicated. Additionally, the website provides many aspects such as videos, articles, and reference links to guide beginner traders to trade without any issues.

Deep Liquidity

Margex exchange’s liquidity pooling system is known as one of its kind among all crypto exchanges. The pooling system integrates more than 12 liquidity providers into a single, deep order book. Through this feature, it makes sure all your entry, and exit costs are considered to be perfect with the thinnest spreads present in the market.

Also Read: DeFi Yield Farming and Liquidity Mining

Combative trading fees

As compared to the other crypto trading platforms, Margex offers trading fees that turn out to be affordable for many traders. In recent times, Margex has been charging around 0.019 percent maker fee and 0.060 percent taker fee. For instance, if we compare Margex with ByBit, this platform offers 0.025 percent on maker fees and 0.075 percent on taker fees. 

Provides up to 100x leverage

Traders who are quite experienced in trading cryptocurrencies might be knowing how vital “leverage” is. Margex tends to provide up to 100x leverage, which helps to potentially increase the benefits while trading crypto assets. Although, if any type of loss incurs while trading, the risks multiply similarly. 

No KYC procedures

Unlike most of the crypto exchange platforms, Margex does not emphasize much on the KYC (Know Your Customer) procedures. Not only are these procedures monotonous, but they are also protruding as well. Margex protects its traders from going through such heavy processes by eliminating the KYC process while creating an account. 

Margex Key Features
Margex Key Features

Affiliate Program

Margex consists of an affiliate program, among its other features. With the help of this program, investors can earn up to 40% commissions of Margex’s trading fees. These trading fees are produced from the futures and spot trading of the respective trader’s referrals.

Considering all the crypto exchange platforms, 40% turns out to be an eye-catching commission fee. Actually, this turns out to be like an acquiescent source of income. In the month of January 2021, Margex had approximately paid out 12 BTC (which amounts to around USD 400,00) through the referral program. 

Margex Affiliate Program

Derivatives Trading

In Margex, derivatives trading is the only trading option that is available. This means that spot trading is not accessible as of now. On Margex, you will be able to find a lot of famous crypto trading pairs, including BTC/USD, XRP/USD, ETH/USD, LTC/USD, YFI/USD, and EOS/USD. 

In addition to this, Margex is famous for offering leveraged trading to its clients. In leveraged trading as well, they only offer futures that do not have any expiry date and no futures along with expiry dates. Here, the maximum leverage level for these perpetual is 100x. Although, it is essential to know that traders who trade on an advanced level should be cautious about leveraged trading. It is true that leveraged trading offers some tremendous value but also leads to some considerable losses.