Margex Review – Is This Crypto Platform A Top Pick?

About Margex

Margex is a cryptocurrency derivatives trading platform whose key features include extremely low trading fees, 100x leverage trading, detailed customer support, and an exceptional trading interface.

The platform was created in 2020 and is based in Seychelles, where there is no license or regulation required for crypto-based trading, so no KYC verification is required to start trading immediately.

However, the platform isn’t technically available to residents in the United States of America, the Republic of Seychelles, Bermuda, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, or Afghanistan.

Notwithstanding those exceptions, the Margex platform is a competitive derivatives trading platform in the crypto industry.

If you want to learn all about Margex’s services and whether or not creating a trade account is right for you, stick around for this in-depth Margex review.

Maregex Trading Platform

Before diving into the Margex trading platform, it’s important to stress that the platform doesn’t support spot trading.

Margex does, however, support spot crypto purchases through its partnership with ChangeNow and Changelly.

If you click the link in the wallet section, it will redirect you to those platforms to make your purchase (no trading skills required).

It might be helpful to know you can be redirected to another platform to make a crypto purchase from the Margex wallet if necessary. 

Still, the Margex trading platform itself doesn’t facilitate crypto purchases.

For this reason, the phrase “Margex crypto exchange platform” is a bit of a misnomer, as the Margex exchange only applies to futures contracts.

You might be able to purchase crypto through one of the partnership links, but the Margex trading platform won’t support any spot trading for those assets.

Margex Leverage Trading

Margex, unfortunately, only supports eight futures markets/trading pairs: BTCUSD, ETHUSD, XRPUSD, LTCUSD, EOSUSD, ADAUSD, SOLUSD, and UNIUSD.

Margex says its limited number of supported markets is to avoid low liquidity trading pairs or illiquid assets present on other crypto exchanges. 

Whether true or not, it would still be nice to see more of the crypto market represented, even if that just meant a couple dozens of trading pairs.

Compared to other leveraged trading exchanges like Binance, BingX, or the countless others that support hundreds of trading pairs, the Margex trading pair count is far from ideal.

That said, not every trader needs hundreds of markets, so Margex should be fine if your focus is on just the top/most liquid markets.

Margex also has an incredibly user-friendly interface with a beautifully organized layout that sets it apart from the average crypto exchange.

The eight crypto trading pairs are listed at the top of the window for a quick, one-click transition, which is a significant workflow advantage for active traders.

If you’re a trader who constantly navigates between markets, you’ll appreciate all the trading pairs being so accessible.

The trading interface also has a giant TradingView-powered chart. Overall, the whole layout is very digestible and easy on the eyes, which is frequently lost on other trading platforms.

Margex supports limit, market, and stop market orders and also supports leverage trading with up to 100x leverage.

When it comes to collateral for your crypto trading, Margex supports BTC, WBTC, ETH, MATIC, TRX, LINK, DAI, USDP, USDC, and USDT.

Margex Trading Fees

The Margex exchange has some of the most competitive trading fees in crypto, with a maker fee of 0.019% and a taker fee of 0.060%.

This is significantly cheaper than the average trading fee of around 0.30% and even noticeably better than fee leaders like Binance (0.10%).

Aside from a maker and taker fee, Margex also has a funding fee for holding margin positions overnight, which is standard for derivatives platforms.

The overnight funding fee will vary depending on your chosen asset, the funding period, and whether you are long or short, so there isn’t a specific fee rate to reference.

An example of the funding rate at the time of writing is 0.15% for longs and 0.08% for shorts, which is a bit more expensive than Binance’s fixed rate of 0.03% but still fairly reasonable.

Margex Wallet

While the Margex wallet is nothing to write home about, it’s one of the only features of the Margex platform, so it’s worth touching on.

The wallet only supports ten assets (the same ten from the collateral-used-for-trading list), which is disappointing, but the wallet itself is beautiful.

At the top of the wallet window, you’ll see your total balance, available balance, and your total value locked in orders.

As for the actual wallet, the design and overall aesthetic are excellent and certainly beginner friendly. 

If you click on an asset, you’ll be taken to a standard page to copy your crypto address, but that page includes links to videos to walk you through making a deposit or withdrawal.

Overall, the wallet is well-designed, but much like the futures market, the number of supported assets is very limited.

And as alluded to earlier, there is a tab in the wallet window to buy crypto from the crypto exchange ChangeNow or Changelly.

All you have to do is click on “Deposit” and you’ll see a tab near the top right with a dropdown window showing both exchange links.

Both platforms support a wide range of crypto assets, but be careful not to buy anything the Margex wallet doesn’t support if you have plans to transfer your funds.

Margex doesn’t support fiat currencies, but ChangeNow and Changelly will through credit card purchases.

Conclusion: Margex Review 

After walking through all of its services for this Margex review, we believe Margex is an excellent futures trading platform if and only if it supports the markets you like to trade.

The Margex trading interface is exceptional, with an intuitive design that will undoubtedly provide an excellent trading experience.

The problem is that it supports just eight markets, which is a tough sell compared to other trading platforms.

Many traders focused on altcoins will consider that a done deal for pursuing alternative platforms, and rightfully so.

Yet those predominately focused on BTC, ETH, or a few other big-name markets should strongly consider the Margex exchange platform.

Not only will the trading experience be exceptional, but Margex has some of the lowest trading fees you will find in all of crypto with up to 100x leverage, which should be more than enough.

Given there isn’t really anything else to the Margex platform, its interface, leverage, and low trading fees will be the only reasons to sign up, but that’s arguably all you need as a trader.

If you’re interested in other crypto services like copy trading, crypto loans, or even just spot trading, a Margex account doesn’t make too much sense.

However, if you are solely interested in futures trading, which is certainly the case for many traders, you will be well served by Margex.

The key hurdle to take away from this Margex review is the number of supported trading pairs because it is incredibly limiting.

But if you think its eight markets will do the trick for your crypto trading, everything else about its platform is top-notch, so the Margex exchange just might be for you.