Mexem
Why choose Mexem?
Mexem stands out as an attractive option thanks to its low costs, access to international markets, and advanced trading capabilities. Whether you are a beginner investor or an experienced trader, Mexem offers a combination of user-friendly tools and professional support to optimize your investment experience.
General
Highlights| Headquarters | Cyprus |
| Type of Broker | Stock broker |
| Most suitable for | Active and non active investors |
| Website | mexem.com |
Pros
- Low stock/ETF fees
- Low bond and mutual fund fees
- No inactivity fees
- Powered by Interactive Brokers
Cons
- Could be complex for beginners
- High forex and margin fees
Fees of Mexem
Mexem is known for its transparent and competitive fee structure, which caters to cost-conscious traders. Mexem charges no inactivity or deposit fees, which is a notable advantage compared to many competitors. Additionally, trading costs are among the lowest in the industry, making Mexem a cost-effective choice for traders focused on maximizing profitability. Even with complex instruments, the transparency in pricing ensures traders understand their expenses clearly.
| US stock fee | $1 |
| EU stock fee | € 1 |
| Inactivity fee | $0 |
| Currency exchange fee | $5 |
| EURUSD spread | $0.00002 |
| NVDA spread | $0.02 |
| META spread | $0.17 |
| GOOGL spread | $0.03 |
Pros
- No deposit or withdrawal fees
- No inactivity fees
- Competitive trading costs
Cons
- Fees on certain advanced instruments may still apply
- Fee structure can be complex for beginners
Tradable Products of Mexem
The vast product selection ensures that traders can explore multiple markets and strategies within a single platform. This diversity empowers investors to create balanced portfolios, experiment with various trading approaches, and gain exposure to global opportunities.
| Stocks | |
| Bonds | |
| ETF's | |
| Options | |
| Futures |
Pros
- Broad range of markets and instruments
- Supports both beginner and advanced strategies
Cons
- Some products may have limited availability in certain regions
Deposit and Withdrawal of Mexem
The broker’s policy of not charging any deposit or withdrawal fees is a major advantage, particularly for frequent traders. Fast transaction processing ensures seamless financial management, allowing traders to focus on their investments rather than administrative delays.
| Minimum deposit | $0 |
| Minimum withdrawal | $0 |
| Deposit / withdrawal fee | $0 / $0 |
| Bank transfer | |
| Creditcard | |
| PayPal | |
| Wise | |
| Revolut | |
| iDeal |
Pros
- No deposit or withdrawal fees
- Supports multiple payment methods
- Transparent fee structure
Cons
- Limited availability of certain payment methods
- Credit card deposits not supported
Safety of Mexem
Safety and security are paramount at Mexem, as evidenced by its association with Interactive Brokers. Interactive Brokers is a publicly listed company with transparent financials, ensuring a high level of security and reliability.
Mexem’s adherence to EU regulations and robust platform security measures ensures a safe trading environment for users. By prioritizing secure transactions and offering insurance coverage, the broker provides peace of mind to its clientele, ensuring that funds and data are well-protected.
| Top-tier regulators | Cyprus Securities and Exchange Commission (CySEC), Central Bank of Ireland (CBI), Financial Markets Authority (AFM), Financial Services and Markets Authority (FSMA). |
| Foundation date | 2018 |
| Investor protection | |
| Stock lending |
Pros
- Regulated by multiple top-tier authorities
- Offers robust investor protection measures
- Transparent stock lending policies
Cons
- Stock lending introduces additional portfolio risks
- Limited historical track record since 2018
Platform and Experience of Mexem
The platform’s seamless integration with Interactive Brokers further enhances the user experience, ensuring professional-grade tools and functionalities. Traders can customize their interfaces to suit their preferences and leverage cutting-edge tools to stay ahead in dynamic markets. Also offering sophisticated tools and research capabilities, which are particularly beneficial for experienced traders seeking comprehensive functionalities.
| Mobile app | |
| TrustPilot score | 4.6 |
| Order types | 45 |
| Social / copy trading | |
| Auto invest | |
| Fractional shares |
Pros
- High TrustPilot score (4.6)
- Wide range of order types (45)
- Supports fractional shares and auto-invest features
- Social/copy trading available
Cons
- Fractional shares require understanding of CFDs and backed shares
- No clear information on advanced trading features
Conclusion
Mexem is a reliable broker with a focus on cost-efficiency, extensive market access, and robust security. It caters to both new and seasoned traders through its diverse product offering and powerful platform. With no inactivity fees, free deposits and withdrawals, and competitive trading fees.
MEXEM offers a lot of products and functionalities. Their platform is quit extensive, but can sometimes be overwelming for new investors. Prices are reasonable, but for small investors the USDEUR conversion can be pricy.
Mexem is an excellent choice for investors looking for value and flexibility.
- Regulated and Trusted
- Available in the Netherlands
- Low Stock and ETF Costs