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Score
Cyprus
Regulated in Cyprus
Appointed Representative(AR)
Self-developed
United Kingdom European Authorized Representative (EEA) Revoked
Medium potential risk
Influence
Add brokers
Comparison
Expose
Exposure
Score
Regulatory Index3.05
Business Index7.71
Risk Management Index8.90
Software Index4.86
License Index3.05
Single Core
1G
40G
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Company Name
Mexem Ltd
Company Abbreviation
MEXEM
Platform registered country and region
Cyprus
Company website
YouTube
32466326619
Company summary
Pyramid scheme complaint
Expose
MEXEM Review Summary | |
Founded | 2008 |
Registered Country/Region | Cyprus |
Regulation | CySEC, FCA (Revoked) |
Trading Products | Stocks, Bonds, ETFs, Options, Futures, Warrants, Mutual Funds, Metals |
Demo Account | / |
Leverage | / |
Spread | / |
Trading Platform | Client Portal, TWS, MEXEM Lite, MEXEM APIs |
Minimum Deposit | / |
Customer Support | Contact form |
Phone: +357-25030447 | |
Email: info@mexem.com |
MEXEM, founded on July 28, 2008, is a Cyprus-based broker regulated by CySEC. It provides access to diverse instruments like stocks, ETFs, and futures, and supports multiple trading platforms.
Pros | Cons |
Long operational history | Revoked FCA license |
Regulated by CYSEC | Commission fees charged |
Various trading products | Limited educational resources for beginners |
Free initial withdrawal |
MEXEM is currently regulated by the Cyprus Securities and Exchange Commission (CySEC) and was previously regulated by the UK Financial Conduct Authority (FCA), but its license has been revoked.
Regulatory Authority | Regulated by | Regulatory Status | Licensed Entity | License Type | License Number |
Financial Conduct Authority (FCA) | United Kingdom | Revoked | Mexem Ltd | European Authorized Representative (EEA) | 787270 |
Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Regulated | Mexem Ltd | Appointed Representative (AR) | 325/17 |
MEXEM offers 8 types of trading instruments: stocks, bonds, ETFs, options, futures, warrants, mutual funds, and metals.
Tradable Instruments | Supported |
Stocks | ✔ |
Bonds | ✔ |
ETFs | ✔ |
Options | ✔ |
Futures | ✔ |
Warrants | ✔ |
Mutual funds | ✔ |
Metals | ✔ |
Forex | ❌ |
Other Commodities | ❌ |
Indices | ❌ |
Cryptocurrencies | ❌ |
Individual Account Types: Individual, Joint, Family Office, Friend & Family
Business and Professional Account Types: Small Business, Advisor, Funding Manager, Proprietary Trading Groups, Hedge & Mutual Fund, Compliance Officers
MEXEMs fee structure varies by product. Below is a summary of the main commissions and minimum fees in USD:
Trading Product | Commission Fee | Minimum Fee |
Stocks and ETFs | $0.005 per share | $1 |
Stocks & Index Options | 2 | $2 |
Futures Options | 4 | $3.50 |
Futures | 1 | $1 |
Metals | 0.03% | $3 |
Bonds | 0.15% | $8 |
Forex (FX) | 0.005% | $5 |
MEXEM offers four types of trading platforms.
Trading Platform | Supported | Available Devices |
Client Portal | ✔ | Web |
TWS | ✔ | PC, mobile, watch |
MEXEM Lite | ✔ | iOS, Android |
MEXEM APIs | ✔ | Custom, Third-party apps |
For withdrawals, MEXEM offers a free allowance for the first withdrawal. For example, SEPA and wire transfers in the Eurozone are free within 30 days of account activation; after that, they incur fees of €1 and €8 respectively. USD withdrawals are free for the first transaction, then $10 per transaction afterward. GBP withdrawals are also free for the first time, with a £7 fee for each subsequent withdrawal.
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