Recommended for
- Investors and traders from Globally
Trusted broker
Regulated by top-tier financial authorities
Popularity
4,281
people
chose this broker in the last 6 months
BrokerChooser Score
4.5/5
MEXEM review summary
Mexem is an European-based global stockbroker for traders and investors. MEXEM has low stock and ETF commission fees. Thanks to its link to Interactive Brokers, MEXEM covers a vast range of markets and products, and offers a multitude of great research tools on its sophisticated trading platforms. Partly because of that, though, we recommend this broker mainly for advanced traders, as the desktop trading platform isn’t the easiest to use. Among other drawbacks, forex and margin rates are high. BrokerChooser gave MEXEM a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Is MEXEM a legit broker?
See how MEXEM is regulated and whether you should have any concerns using it.
MEXEM pros and cons
Pros
Cons
- Low stock and ETF fees
- Wide range of products
- Many great research tools
- Complex desktop trading platform
- High forex and margin fees
MEXEM main highlights
🗺️ Country of regulation
Ireland (IBIE), Cyprus (MEXEM)
💰 Trading fees class
Low
💰 Inactivity fee charged
No
💰 Withdrawal fee amount
$0
💰 Minimum deposit
$0
🕖 Time to open an account
1 day
💳 Deposit with bank card
Not Available
👛 Depositing with electronic wallet
Not Available
💱 Number of base currencies supported
23
🎮 Demo account provided
Yes
🛍️ Products offered
Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Warrants, Structured products
Fees
MEXEM’s trading fees for stocks/ETFs, bonds and mutual funds are low, while options, forex and futures fees are average and there is no inactivity fee. However, margin fees are high.
Account opening
MEXEM’s account opening process is fully digital and straightforward, with no minimum deposit required.
Deposit and withdrawal
MEXEM offers quick deposit and withdrawal; however, it doesn’t accept credit/debit cards and electronic wallets.
Web trading platform
The MEXEM web platform is simple and easy to use, even for beginners. However, there are some minor but annoying glitches.
Mobile trading platform
MEXEM’s mobile trading platform boasts a lot of functions and a useful chatbot, but its user interface could be better.
Desktop trading platform
MEXEM’s desktop platform TWS comes with great customizability and advanced order execution. However, it’s not user-friendly and caters more to advanced traders.
Markets and products
At MEXEM, you can access an extremely wide range of markets and almost all product types, except for crypto.
Research
MEXEM provides an astonishing array of research functionalities. However, the user interface is somewhat complicated and not well-designed.
Customer service
MEXEM’s customer service is overall of good quality, although we missed 24/7 availability.
Education
MEXEM offers some good educational materials and tools, including tutorial videos, webinars and a demo account, although some of these are hard to find.
Safety
MEXEM is an introducing broker of Interactive Brokers (IB), meaning that your assets and cash are held by IB’s Irish entity (IBIE), which is overseen by Ireland’s top-tier regulator. Also, IB is listed on a stock exchange and discloses its financials transparently.