Review Mexem
Established in 2018, MEXEM is a European stockbroker with offices in Belgium, The Netherlands, Italy, and Greece. Despite being new, it has 32 years of experience from regions including the Middle East and Africa
MEXEM offers products to trade on 150+ exchanges in 35 countries and boasts low stock and ETF fees. Linked to Interactive Brokers, it provides access to a wide market range and advanced research tools on its trading platforms.
Recommended to
MEXEM is typically suitable for active and experienced investors due to the many features of the platform and the wide range of trading.
Pros
- A broad range of markets and products
- Stock and ETF trading fees are one of the lowest in EU
- Range of great searching tools
Cons
- Limited education tools
- High forex and margin rates
Review’s Keypoints
Country of regulation
Ireland, Cyprus
Minimum deposit
$0
Time to open an account
1 day
Trading fees class
Low
Deposit with bank card
Not available
Number of base currencies supported
23
Products offered
Stocks
ETFs
Fund
Forex
Bond
Futures
CFD
Warrants
Structured products
Depositing with electronic wallet
Not available
Demo account provided
Yes
Fees
MEXEM offers competitive trading fees for stocks, ETFs, bonds, and mutual funds, while its charges for options and futures are about average. There’s no fee for inactivity, which is a plus. On the other hand, the fees for forex and using margin are on the higher side.
Pros
- Low stock/ETF rates
- Low bond and mutual fund rates
- Lack of inactivity fee
Cons
- High forex and margin rates
MEXEM Costs
- ***1000 in EUR or USD for the stocks transaction
- ***Price per contract for Options & Futures
Account
Europeans can easily open a MEXEM account. Non-Europeans are checked one by one, with a smoother path for those with Dutch links. The online sign-up is simple and quick, often done in two days.
Individual
Individual
Joint
Joint
Corporate
Corporate
Click on the card to see details
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01Online Application
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02Verification of Identity and residency
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03Start trading
Transfers
With MEXEM, use bank transfers for adding or taking out funds. Ensure your bank account matches your MEXEM account’s currency. Deposits usually take up to 3 days, and you can withdraw easily from the Client portal.
Pros
- Fast and Fully Digital
- Minimum deposit is $0
- Monthly free withfrawals
Cons
- None
Trading Platforms
Client Portal
Client Portal is a user-friendly online trading platform with various order types, clear fees, and editable notifications. It provides real-time access to key account details like Net Liquidation Value and buying power. Interactive Brokers also offers a platform solely for account transfers and management.
MEXEM Mobile
The mobile trading platform, available on both Android and iOS, boasts features like a chatbot and mirrors all desktop options. However, its extensive features may initially appear complex.
MEXEM Desktop
The desktop platform, powered by Interactive Brokers, offers advanced features tailored for expert traders. Its sophistication may challenge beginners.
Offering
Tools
Trading Ideas
When you look up an asset in the Research menu's Fundamentals Explorer, you'll find lots of useful info. This includes expert opinions from Trading Central, updates on performance, recent news, dividend info if it's there, and important financial numbers. It's packed with details, but once you spend a little time with it, it's easy to use.
Fundamental Data
MEXEM provides a lot of handy info. In the Research section, there's a great Events Calendar that covers important global economic events. If you're looking into a specific asset, the Fundamentals Explorer tab has everything you need – like sales, dividend, and profit details. It even includes environmental, social, and governance (ESG) ratings from Refinitiv.
Charting
MEXEM's interactive charts are super easy to use and come packed with cool features. You get more than 127 technical indicators and lots of editing tools, including trendlines and Fibonacci. Plus, there's a handy trading signal tool that gives you buy or sell signals, all based on technical analysis.
News Feed
When you hop onto the platform, you've got everything at your fingertips: latest news, daily market summaries in the 'Daily Lineup', and handy calendars for earnings and economic events. It's a great way to start your day, staying in the loop with fresh updates and expert tips.
Regulation
MEXEM, regulated by the EU, CySEC (The Cyprus Securities and Exchange Commission), is an introducing broker of Interactive Brokers. Founded in 1978, IB (Interactive Brokers) has withstood various economic challenges, demonstrating resilience and stability. Trading under the ticker on NASDAQ, IB enhances its credibility by regularly publishing financial statements. MEXEM’s association with a well-established company like Interactive Brokers, combined with oversight from respected financial regulators, underscores its reliability. MEXEM is registered with the Financial Markets Authority (FMA) in the Netherlands and the Financial Services and Markets Authority (FSMA) in Belgium. In the rare case of MEXEM facing financial difficulties, all client assets, including cash and securities, would remain safeguarded with Interactive Brokers.
Bottom Line
MEXEM stands out in the European market with its highly competitive stock and ETF trading fees. Their mobile trading platform is top-notch, offering access to a diverse range of markets and products.
With no minimum deposit requirement and a desktop platform tailored for both novices and experts, it provides flexibility for all. While the platform is feature-rich, making it a favorite among seasoned investors, newcomers can swiftly acclimate with a bit of exploration.
Fro European clients seeking an efficient platform with attractive trading fees, MEXEM is a commendable choice.
