Margex Review 2024 – Key Features Pros & Cons  Revealed

Many crypto buyers worldwide are quickly making the Margex trading site one of their top choices. It supports trade in the long-term futures for 48 other cryptocurrencies, including the top ones like Bitcoin and Ethereum. With up to 100x leverage and an easy-to-use trade platform, Margex is a great choice. In this Margex review, we test the trading platform and let you know our thoughts. We will also review the mobile app, pointing out features and how well it works. Now, let’s begin. 

Key Takeaways from Our Margex Review 

• Margex is a never-ending futures trading platform for 50 popular trading pairs. 
• Leverage offers range from 15x to 100x depending on the coin. 
• Accounts financed by cryptocurrency do not need identification verification. 
•  New users may take advantage of substantial incentives that can be utilized to reduce trading fees. 
• The platform offers training videos and support pages to support new users. 

Pros & Cons of Margex

Absolutely no trade tool is perfect. Margex is no different. We did test it, though, and found more pros than cons in Margex review.  For example, it required just seconds to sign up. Similar sites, on the other hand, can take anywhere from 10 minutes to days. Because it only shows futures, Margex is easier to use than full-featured sites like Binance. 

Pros:

• Quick registration without Know Your Customer (KYC).
• Easy-to-navigate trading interface.
• Bonuses for deposits.
• Profit from up to 100x.
•  50+ Cryptocurrencies supported 

Cons 

• Ethereum payments are marked in a confusing way.
• US buyers can’t use it.
• Spot market trades aren’t supported.
• Withdrawals have high minimums.

The tool is great, but there are some problems with it. For example, buyers in the US and a few other countries can’t use Margex. The minimum exit limits also make it better for bigger trades. 

What does Margex mean? 

Margex is an ongoing futures exchange that opened in 2019 and lets users trade 50 different cryptocurrencies with up to 100x leverage. It also lets users trade forex. It was made to be fast, and the software can handle 100,000 transactions per second. Due to its worldwide fame, Margex has a large $50 million order book that ensures availability and makes deals go smoothly.  The company’s headquarters are in Seychelles, a popular cryptocurrency-friendly destination for exchanges with an eye toward expansion. 

With everlasting futures, you may place a wager on a cryptocurrency’s price movement and maintain an open position perpetually. Trading higher volumes of capital with the help of a collateral asset is known as leverage. For example, if you trade $100 and use 100X leverage, you can control a $10,000 stake. Margex is only interested in this market and doesn’t allow spot trade. It also works with popular cryptocurrencies for permanent futures, like BTC, ETH, and even some joke coins like PEPE and FLOKI. 

How We Plan Our Margex Review

For our Margex review, we traded on the site and thought about how easy it was to use. For example, we looked for answers to new users’ questions about perks and how to use them. We also tried the Margex mobile app and used many of the same factors to judge it as the web app in this study. We wrote Margex review based on much knowledge and give our honest opinion. We talk about what’s good about Margex and what it could do better from the users’ point of view in our Margex review.

The features and benefits of this platform include trading pairs, available leverage per pair, trading and carrying costs, withdrawal time, supported payment methods, customer service, trading and security, and overall user experience.  Additionally, we looked at Margex in contrast to other trading platforms primarily used for trading permanent futures. 

What Kinds of Crypto Does Margex Deal In? 

As promised, Margex lets you do permanent swaps for the best cryptocurrencies, like Bitcoin and Ethereum. But you’ll also find many other things, like popular joke coins like PEPE, BONK, and FLOKI. There are many more long-term agreements on Margex than on Coinbase, which only has six coins listed in its never-ending futures. 

While bigger platforms like Binance provide access to over 600 futures markets—including delivery futures—Margex does not. But if the coins you want to trade are available, Margex has a much nicer layout. 

Trade Pairs Supported by Margex / Maximum Leverage 

Maximum leverage changes by currency. For example, Bitcoin and Ethereum can allow up to 100x leverage. Leverage limits are lower for assets whose prices change significantly and whose supply is limited. For example, FLOKI only allows up to 15% leverage. 

100x	50x	25x	15x / 20x
BTC/USD ETH/USD BNB/USD MATIC/USD TRX/USD	XRP/USD LTC/USD EOS/USD ADA/USD SOL/USD UNI/USD LINK/USD AVAX/USD BCH/USD APE/USD ETC/USD ATOM/USD APT/USD DOT/USD MANA/USD SUI/USD JASMY/USD STRK/USD	ALGO/USD XMR/USD SUSHI/USD LINA/USD DOGE/USD OP/USD ARB/USD MTL/USD CFX/USD 100KPEPE/USD COMP/USD FIL/USD CRV/USD AAVE/USD 1KSHIB/USD NEAR/USD BLZ/USD RUNE/USD LPT/USD KAS/USD 1KBONK/USD ICP/USD JUP/USD THET/USD TON/USD GALA/USD	AUDIO/USD (20x) 1KFLOKI/USD (15x)

Margex’s Top Features 

Margex’s platform is focused on a few key features, making it easier to use than platforms like Binance with many features. 

Trading in Copy 

Copy trading could help if you’re new to dealing or don’t have time to watch the tick-by-tick chart moves. Copy trading lets you do what successful investors on the site do. Some of these traders have great returns on their investments.  Margex has a method called “Smart Follow” that lets traders you choose to follow make deals at the same time as the dealer you are following (called a “manager”). This no-lag measure evens the playing field for fans, turning them into more like coincident trades. 

There are no extra costs to start copy-selling. However, both the broker and the copy-selling site get a cut of the money made from the trade. You only need to pick a fund manager to follow and give that dealer some money to trade with. One base currency is used for each trade. 

Trades with Leverage 

There is leverage in every trade on Margex. Maximum leverage changes by asset and ranges from 15x to 100x. The lowest amount of leverage you can use is 5%. If you are a new investor, you might want to stick to the lower end of this scale to protect your cash. When prices change throughout the day, trades with more debt run the risk of being closed out. Watch the button carefully. We discovered that 60% leverage is the default for cross-margin transactions for Bitcoin and Ethereum. 

Staking

You can also stake important cryptocurrencies like Bitcoin, Ethereum, and stablecoins on Margex. Many helps pages on the site describe how staking can be used in controlled finance (CeFi) and decentralized finance (DeFi) scenarios. These scenarios include proof-of-stake protocols and yield farming. Their annual percentage yields (APY) run from 4% to 5%. 

There isn’t much information on Margex about how BTC is used (it doesn’t support proof of stake), but there is an unclear “Other” area for mining that could or could not mean loans. We tried to chat with them, and our chat contact was very helpful, but we didn’t get a clear answer about BTC. 

You can make good money by staking on Margex, but you can find better deals on your own, especially for Ethereum mining and stablecoins. 

Demo Account 

We tested the Margex demo and found that it didn’t work while writing our Margex review. On the Margex site, there is a link to the live trial, but we had to join in before we could see it. After that, we were taken back to live deals that needed really crypto as security. Checking this option again at a later time might or might not work. 

However, we found a coupon code for $100 in Airdrop USDT (AUSDT), which let us trade without risk. It was much easier to get to this airdropped balance on a phone. 

Fees and commissions for Margex 

Margex has fees that are about the same as those on other sites. The site charges two types of fees: trade fees that stay the same over time and changeable funding fees. 

Fees for trading: For market orders, Margex charges 0.06%, and for limit orders, it charges 0.019. Traders are charged fees based on the leveraged trade size in both cases. Low fees for these deals are important because they can be much bigger than the balance you put up for them. 

Funding fees

 If there are more short trades than long trades on the market, the funding fees will change. To maintain contract prices near market pricing, Margex charges traders on one side of the transaction a financing fee every eight hours. Funding fees for trades are kept after the cutoff times of 0:00, 08:00, and 16:00 UTC. 

Trading fees for seller orders are about the same as Binance’s or a little less if you don’t pay Binance fees with BNB to get an extra discount. 

• Limit Orders for Margex Maker: 0.019 
• Limit orders from Binance: 0.020% 

It will cost $9.50 in trading fees to make a $50,000 limit-order trade with $1,000 worth of crypto as protection and 50x leverage. Binance, on the other hand, would charge $10 for the same trade. The fee difference may not seem like much, but it can add immediately for traders who do a lot of deals and trades worth a lot of money.  Taker orders, sometimes called market orders, are filled at market prices and usually cost more. 

• Margex Taker (Market) Orders: 0.060% 
• Binance Taker (Market) Orders: 0.050% 

When you compare Margex to Binance, market bids cost more on Binance. Binance only charges $25 for the same $50,000 trade, while other exchanges charge $30. The Binance site also gives you extra savings based on how much BNB you keep and how much you trade in 30 days. 

But when you compare fees, you should also look at Margex awards. When someone first signs up for the site, they get a big bonus, and a portion of that bonus is immediately applied to their trade fees. This lowers the cost of trade until the bonuses run out. We will talk about awards in more depth later. Margex is also at the top of our list of the best crypto advertising schemes. With high fees, you can make money from your viewers. 

User Experience on Margex 

In general, we liked using Margex. The trading interface was clean, which made it easy to make quick, error-free trades. The use of the web app and mobile is made easy with the placement of account settings and supplementary features like copy trading. Once in a while, we had a question. Margex’s Help Center and Live Chat were great resources that got us back to dealing in seconds. 

Promo codes and bonuses make the site fun (everyone likes free crypto) and lower trading costs when you use a lot of leverage. Also, features like easy training videos for new users to understand make it very simple for them to start. But keep this in mind: if you’re new to leverage investing, use the lessons. If you don’t use leverage carefully in uncertain markets, it can wreck your wealth. 

Margex Wallet

 This is where you put the assets you own on the site. This screen shows you a list of all your assets and gives you the tools to stake certain assets to make a yield. 

The wallet does allow trading, but there are minimums and restrictions. For instance, it was filled when we attempted to utilize the staking pool, even though staking Bitcoin may reward you with 4%. Check back often to see if it’s still available. To stake ETH, you need at least 0.1 ETH. 

Margex does not impose any clear withdrawal limitations or lock-up periods for staking. You can also use marked funds as the starting margin for a trade. 

Right now, Margex staking can be used for two cryptocurrencies: 

• BTC: 4% APY  
• ETH: 5% APY 

On top of that, Margex gives a 5% return on USDC and USDT. Next, we’ll discuss the mobile app where we spotted this deal. 

Does Margex Have a Mobile App? 

Most of the functionality of the Margex desktop browser software is accessible via the Margex mobile app. Some functions can’t be used directly in the app; hitting these buttons will open a mobile browser instead. 

Like trading on a laptop, Margex has a simple user experience that works well for new and experienced buyers. When you launch the software, you may get a beginner’s lesson via the welcome screen. 

Users can access the app’s key features with just one click, including big buttons for making payments, buying crypto, copy trade, and mining. Below is a list of trading pairs that you can read through. One more tap gets you to the screen where you can trade. 

It could be said that Margex’s mobile app is even simpler to use than the web app on a computer. One downside is that the charts are smaller and have fewer technical signs. However, mobile charts can use full-screen mode—some parts, like stablecoin staking, open in a different browser. 

There were times when the mobile app slowed down, and the trade button turned into a circle that kept moving. The problem was fixed by closing the app. 

Margex’s Accepted Payment Methods 

Margex doesn’t let you buy spot crypto directly. Instead, it has third-party companies that can put the cryptocurrency you buy into your Margex trade account immediately. 

If you want to buy crypto through a third-party service, you must pay at least $10. The fees change from service to service. All of the companies let you pay with Visa and MasterCard. On the other hand, Change Now lets you pay in more ways, such as with SEPA, Revolut, Swift, and Faster Pay. 

Payment Providers

Keep in mind that not all companies offer all cryptocurrencies that Margex supports. For example, we could not get Kaspa from any of the three suppliers. This means that if you want to trade Kaspa on the market, you must use cross margin unless you can send the Kaspa you’ve bought somewhere else. Margex accept the following payment methods: 

• Visa, Mastercard, SEPA, Apple Pay, Google Pay, Revolut, Swift, and FasterPay. 
• Uniramp also accepts the following payment methods:
  • Visa
  • Mastercard
  •  Apple Pay
  • Google Pay
  • Cash. App 

Deposits in crypto 

Margex accepts a wide range of crypto payments, making them likely the preferred way for most users to fill their accounts. You can send Bitcoin or Ethereum to your account from a cryptocurrency wallet you hold by taking money out of another exchange. Although the procedure is simple and quick, deposited money is only accessible once a certain amount of blockchain confirmations—which varies depending on the asset—have been made. 

It was hard to figure out when we tried to transfer Ethereum because the choice was ERC-20 instead of Ethereum. Ethereum chain deposits nevertheless support ERC-20 tokens like USDC. 

Withdrawals 

In our Margex review we found out that Margex doesn’t let you directly move cash to a bank account. But in some places, third-party payment companies let you turn your cryptocurrency into cash and send it to your bank account. 

The best way to remove crypto is to use your wallet and keep it safe. Margex doesn’t charge a fee to take money out. There are, however, network fees. 

Withdrawals of cryptocurrency are sent from a cold bank once a day, around 13:00 UTC. Margex sends you an email with a PIN code that you need to make a payment. 

Margex Account Types 

Margex only has one kind of account called “standard.” Using a separate margin, the lowest leverage that can be used on the market is 5x for all trades. Cross-margin trades can only use the most leverage that the trading deal allows. When you trade on cross-margin, you use qualified assets as collateral. When you trade on an isolated margin, you only use the amount for the asset you’re selling. 

While Margex does not provide many account options, those who want to employ copy trading will have their funds divided between their primary and copy trading accounts. 

Margex Bonuses & Promos

Signup offers lower trade fees. If you sign up for Margex, you’ll get BTC and ETH prizes immediately. We can claim a few other crypto bonuses, adding another $1,800 to our account. 

Unfortunately, you won’t be able to cash out your bonuses; they’ll only go toward your trading expenses and financing fees. You can think of it as a cheap way to begin. Bonus funds pay up to 50% of trade fees on their own. 

Margex also gives a $100 bonus for making a first payment. First, make a deposit that meets the requirements. Then, Margex will instantly add $100 to the token you placed. Not like 

If you bring in new users to Margex, you may earn bonuses in addition to the initial account benefits. Margex will pay you a commission on new users who join via your referral link. The reference bonus from Margex is 40% right now. 

Is Margex Safe?

For the most part, Margex offers good protection choices. There are, however, no well-known licensing bodies that have issued licenses to the exchange. Since crypto isn’t controlled very much, this happens all the time.

We license

Margex’s main office is in Seychelles. We looked for a registration with the Financial Services Authority of Seychelles but couldn’t find one. We also couldn’t find any regulators’ listings on Margex’s website. Regulators can’t promise that crypto trade sites are safe, so users should consider the risk before spending. When crypto platforms want to close, they sometimes do so quickly. 

Security

For buyers, account security provides many of the safety features they expect. A simple way to protect your account is with an email address and a password. On the other hand, if you want to use an authenticator software like Google Authenticator for two-factor authentication (2FA), Margex has you covered. You can access the Android or iOS app using face ID or fingerprints. 

For withdrawals, you need an email with a PIN code. You are protecting your fund. To keep platform funds safe, Margex employs cold storage, which involves keeping wallet keys offline. This helps keep user funds safe but also slows down transfers, which happen once daily.

Contact Margex for Customer Support and Service.

The Help Center at Margex has a lot of information that can answer almost any question. Better still, you may have your questions answered right away by tapping the chat button on the online and mobile apps. A real person will answer your question quickly if it’s not in the FAQ. We used this tool a few times, and the live person was always helpful and quick to respond. Your chat data is saved across devices, so picking up where you left off on another device is easy. 

 Margex  reviews on Trustpilot give the trade a score of 3.7 out of 5 stars, which is good. On the other hand, well-known platforms like Coinbase and Kraken have much lower Trustpilot marks.

Steps to Create a Margex Account

Margex makes it easy to create an account. The first signup was quick and easy.

• Step 1: Go to the Margex website and click “Sign Up.” 
• Step 2: Select a strong password and enter your email address. 
• Step 3: Look for a verification email in your inbox. 

Turn on 2FA. On a trading screen, touch the account icon to access your settings and turn on two-factor authentication. 

• Step 4: Put money down. You may buy cryptocurrency from Margex’s partners or add your existing cryptocurrency holdings to your Margex Wallet one way or the other. 
• Step 5: Claim Your Bonuses. With deposit bonuses, they are added automatically. Most signup offers, on the other hand, need you to tap a button to get them. 

FAQs

Conclusion

Global cryptocurrency traders have recently turned to Margex. People like the platform because it’s easy to sign up quickly and doesn’t require proof of identity. It also has a great design and lots of perks. There are 50 trading pairs, meaning all-important market types are well covered. You can trade with up to 100x leverage. You can get good help on both mobile and PC, and the Help Center and Live Chat can answer most of your problems quickly. 

Overall, we had a good time using Margex. The low selling fees for limited orders will keep us returning when a good trade is to be made.