Mekness Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-09-15 10:56

Abstract：Mekness, a trading name for Mekness LLC, is purportedly a Saint Lucian FX broker. According to their claims, it offers a range of tradable financial assets with changeable spreads starting at 0.01 pips on the MT5 for trading platforms on iOS, Windows, and Android, and leverage up to 1:500.

Mekness Review Summary
Founded	2020
Registered Country/Region	Saint Lucia
Regulation	Unregulated
Market Instruments	Forex, CFDs, Futures, Stocks, Options, Commodities, ETFs, Bonds
Demo Account	/
Leverage	Up to 1:500
Spread	From 0.01 pips
Trading Platform	MT5
Min Deposit	$10
Customer Support	Tel: +971 43 88 4268, +971 54 719 9005
	Email: support@mekness.com
	Facebook, X, YouTube, Instagram
	Registered Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
	Operational Address: Office number 202, Blue Tower Sheikh Zayed Road, Dubai UAE
Regional Restriction	USA, Canada, Japan, Iran, Federal Territory Labuan Malaysia, Cuba, Sudan, Syria, North Korea

　　Mekness, a trading name for Mekness LLC, is purportedly a Saint Lucian FX broker. According to their claims, it offers a range of tradable financial assets with changeable spreads starting at 0.01 pips on the MT5 for trading platforms on iOS, Windows, and Android, and leverage up to 1:500.

Pros and Cons

Pros	Cons
Various tradable assets	No regulation
Flexible leverage ratios	Regional restrictions
MT5 platform	Limited info on trading fees
Multiple payment methods
Low minimum deposit
No fees for deposits and withdrawals

Is Mekness Legit?

　　No, Mekness operates without any valid regulations from any authorities. Your fund won't be safe on this platform.

What Can I Trade on Mekness?

Trading Asset	Available
forex	✔
CFDs	✔
futures	✔
stocks	✔
options	✔
commodities	✔
ETFs	✔
bonds	✔
indices	❌
cryptocurrencies	❌

Leverage

　　A leverage ratio of up to 1:500 is offered by Mekness, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Asset	Max Leverage
forex	1:100
CFDs
futures
ETFs
commodities	1:50
options	1:10
stocks	1:1
bonds	1:1

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Android, iOS, Window	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

Payment Option	Deposit/Withdrawal Fee	Deposit Time	Withdrawal Time
Bank Wire	❌	3-5 working days
Bitcoin		Up to 3 hours	Up to 24 hours
MasterCard		Instant
NETELLER
Perfect Money
Skrill
Visa