Margex Exchange Review: Copy Trading Platform Pros and Cons

Margex Exchange Review: Copy Trading Platform Pros and Cons

Margex is a cryptocurrency exchange platform founded in 2019 focusing primarily on derivatives trading. However, it also offers other popular features such as copy trading, staking, price alerts, an attractive referral program, and much more.

Margex’s interface is designed to be intuitive, making it an excellent choice for those taking their first steps into the world of cryptocurrency derivatives trading. Although its primary focus is beginners, it is also suitable for more advanced traders who value ease of use.

Margex can be accessed through its website, mobile browser, or mobile app, which is available for Android and iOS. However, it is important to note that Margex is not available in certain countries, including the United States, the Republic of Seychelles, Bermuda, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, and Afghanistan.

The exchange is an unregulated platform based in Seychelles, which means it does not require users to go through identity verification (KYC) processes. This is a plus for traders who value privacy. 

However, this could raise questions about the platform’s security. Despite its lack of regulation, Margex has implemented robust security measures to ensure user protection.

Three Layers of Security For Unparalleled Protection

User account security includes encryption of sensitive data, two-factor authentication (2FA), and email alerts for any account activity. Crucially important features like custodian security protects assets in cold storage with multiple signatures and an access segregation system.

The trading infrastructure itself ensures a smooth user experience and fast order execution by protecting against DDoS attacks and other advanced measures. In addition to these measures, Margex has a system called MP Shield that uses artificial intelligence to detect and prevent suspicious activities such as fake trades or price manipulation attempts. This system protects users from dishonest behavior on the platform.

High Stakes Derivatives Trading with Up to 100x Leverage

The main attraction of Margex is its ability to trade perpetual futures with leverage. Perpetual contracts are agreements to buy or sell an asset without expiration, allowing traders to hold their positions indefinitely. At Margex, users can trade with leverage ranging from 5x to 100x, which means they can control a much more prominent position with a relatively small investment.

Margex offers more than 60 trading pairs, including the most popular ones, such as BTC/USD, ETH/USD, and others. The platform also plans to introduce stablecoin pairs and Forex pairs with leverage of up to 500x shortly.

To ensure competitive pricing and minimize price slippage, Margex aggregates liquidity from more than 12 providers, which ensures that users get current and relevant prices in the market.

Designed To Boost Beginner’s Performance

The Margex interface is extremely intuitive, especially in its trading terminal. It consists of three main parts: the order creation interface, the trading pairs chart along with the order book and last trades, and the order and position management interface.

Margex also provides a variety of educational materials to help new users understand how the platform works and trading in general. In addition, it offers the possibility to practice with demo funds through AirUSD tokens, allowing users to perform simulated trades without real risk.

Another useful feature for beginners is copy trading, which allows users to replicate the trading strategies of other successful traders. Users can invest in these strategies and share the profits with the creators of the strategies, which makes it easier to learn and profit simultaneously.

Powerful Profit Opportunities All Without Trading

Additionally, Margex offers several ways for users to earn cryptocurrencies. Its referral program is a stand out in the industry, allowing users to earn 40% of the trading commissions of those they refer. The more referrals a user has, the more they can earn.

Staking at Margex allows users to generate returns without selling or trading their assets. The platform offers up to 5% APY, and there are no lock-in periods, meaning users can withdraw their assets anytime.

Finally, Margex offers several bonuses, including a $50 sign-up bonus and a $50 first deposit bonus in deposited cryptocurrency. These bonuses can be used to cover trading fees, making the Margex experience even more profitable.

Maximizing ROI With Ultra Low Margex Fees

Like many other platforms, Margex utilizes a maker/taker fee model. However, Margex keeps fees ultra low to maximize trader ROI. For example, makers who add liquidity to the market only pay a fee of 0.019%, while takers who withdraw liquidity from the market pay a small fee of 0.06%. These fees are some of the lowest in the cryptocurrency trading industry.

In addition, funding fees apply to open positions beyond specific funding periods, which occur every 8 hours. Funding fees vary depending on the trading pair and market volatility. Similar to maker and taker fees, funding fees are typically lower than competitors. 

For withdrawals, Margex does not charge fees; only the network fees required to process transactions on the blockchain apply.

How to Sign Up to Margex?

The registration process on Margex is simple and quick, with no KYC required. Here are the steps:

1. Visit the Margex homepage and click on “Start Trading”.
2. Complete the registration form with your email address, create a password and, if you have a referral code, enter it.
3. Verify your email by entering the code sent to your email address.

You are ready to go! Now you can start exploring and using the platform.

How to Trade on Margex?

Once registered, trading on Margex is equally simple:

1. Select the desired trading pair by clicking on the corresponding button in the interface.
2. Choose the type of order you want to place: limit, market or stop market.
3. Define the total order size and select the appropriate leverage.
4. Choose between cross or single margin, according to your strategy and risk management.
5. Execute the buy or sell order.

Margex Pros

• Provides up to 100x leverage on cryptocurrency derivatives, attracting traders aiming to maximize their potential returns.
• Ensures robust security with two-factor authentication and cold storage of funds to safeguard user assets.
• Offers a quick and straightforward registration process without KYC, enabling immediate access to trading.
• Features a user-friendly interface with advanced charting tools, catering to beginners and experienced traders.
• Includes educational resources to help new traders grasp the complexities of cryptocurrency trading.
• Available as a mobile app, offering flexible trading across various devices.

Margex Cons

• Limited selection of trading pairs may not satisfy all traders’ preferences.
• Limited availability in certain jurisdictions, including the United States.
• Some risks associated with leverage trading require caution and risk management.

Conclusion

Margex stands out as a secure and user-friendly platform for trading cryptocurrency derivatives. It offers an intuitive user experience, with leverage of up to 100x and various trading pairs, making it an excellent choice for beginners. 

Moreover, its additional features, such as staking, bonuses, and referral programs, add value to the overall experience. However, advanced traders looking for more complex functionalities might find Margex limited compared to other more comprehensive platforms.

If you are starting your journey into cryptocurrency derivatives trading, Margex is an option worth considering.