Margex Review – All We Know About Margex.com Trading Scam
Margex Review – All We Know About Margex.com Trading Scam

One of the most active brokers on social media such as YouTube and Facebook currently is Margex broker. The company claims to offer clean crypto investing without market price manipulation through its unique solution – the MP Shield system.

Read our Margex review and find out the truth before investing any money with this scheme firm.

Along with that, we want to invite you to read our recently updated reviews of the scam brokers Swiss FX , Gravity Trade and CryptoSpotFX.

Broker status: Offshore Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: margex.com
Blacklisted as a Scam by: CNMV, FSMA, Finanstilsynet
Owned by: Margex Trading Solutions Ltd
Headquarters Country: Seychelles
Foundation year: 2021
Supported Platforms: WebTrader
Minimum Deposit: $10
Cryptocurrencies: Yes – BTC, ETH, XRP – total 8 pairs
Types of Assets: Cryptocurrencies
Maximum Leverage: 1:100
Free Demo Account: Available
Accepts US clients: No

What About Margex Regulation?

Margex is a brand owned by Margex Trading Solutions Ltd, another offshore firm. The company is registered in Seychelles and, from all we know, is not regulated by the FSA. If you check the main page, you will find no relevant information whatsoever, so we did some research.

What’s Wrong With A Trading License?

Margex is not registered with any Tier1 license provider, including FCA, ASIC, BaFin, etc. It means you’re dealing with an offshore scheme firm taking only Bitcoin as a payment method. We could just stop here, and it would be enough to conclude that Margex is conducting a scam.

Margex Warnings From Financial Regulators

Margex Warnings

Since the broker is promoting itself all the time, it was noticed by the Spanish regulator. CNMV issued an official warning, stating that Margex broker is not authorized to provide financial services and operates illegally.

After many complaints, the same warning was republished in Belgium by the FSMA.

Also, in Norway, by their financial authority body, Finanstilsynet.

In addition to the above, we strongly advise you not to invest in ZuluTrade, Richmond Super and FX Elite Trader fraudulent brokers.

Fund Withdrawal Issues

Knowing everything, you shouldn’t be surprised to learn about Margex issues with withdrawals. Since the company is only taking money in Bitcoins, it’s challenging to find it once the transfer is done. And being unregulated means that this firm can run its scheme and not return any funds, as they cannot be penalized for their actions. However, regulators are on track, and soon, this firm will probably vanish, like many others.

If you have any withdrawal issues, you should file a complaint before the firm is gone.

Traders About Margex Scam

Margex has already been reported numerous times, but it’s still operating. Clients complain via different portals and social media, warning others not to fall for the scheme. No, the company doesn’t have any special software regulating market prices. And no, you will not become rich overnight.

Supported Trading Platforms – Available Trading Software

What’s for sure, Margex doesn’t like to share information. Thankfully, there’s a Demo account that helped us get an insight into the broker’s trading platform. Margex offers a proprietary WebTrader that even looks appealing. However, there are reports of delays of a few seconds when opening and closing trades, and that’s unacceptable. Besides, the firm offers crypto leverage of up to 1:100, while it’s limited to 1:2 by all regulations.

Margex Online Trading Scam – The Power Of Social Media

While many brokers advertise on social media, Margex has done a better job than most. They frequently post their ads, including fake trading results and Trustpilot reviews. They claim they’re making thousands of dollars daily for their clients thanks to the MP Shield system, yet we see no explanation for how it works.

Based on many regulatory warnings, we can conclude that Margex is just another scheme, and you shouldn’t risk your money with such.

Margex Trading Accounts

Margex doesn’t have account types per se. The broker claims to ask for the minimum deposit of $10; however, if you don’t have a crypto wallet, they will guide you to purchase Bitcoin via Hong Kong-based exchange called Changelly. Then, they’ll settle the payment with them and enable your account. Note that for investment via credit card through Changelly you will need to deposit a minimum of $100. Once you invest, you may be entitled to certain bonuses, depending on the ongoing campaign. The broker will deduct the bonus amount from any profit you make and limit your withdrawals for an indefinite period of time.

Margex Range of Trading Instruments & Markets

Margex offers trading with 8 cryptocurrencies against USD. They are:

  • BTC
  • ETH
  • XRP
  • SOL
  • LTC
  • YFI
  • ADA
  • EOS

Scammed by Margex? – Tell Us Your Story

If you fall victim to the Margex scam, let us know. Our chargeback specialists will plan for you on how to get a chargeback from this fraudulent firm. Note that tracking the funds will be more complex if you have invested using your wallet.

But What Is A Chargeback?

This is a way for your bank to reverse the fraudulent transaction and get your funds back from the merchant. Contact us via online chat to book a FREE consultation with our specialists for more information about chargebacks and wallet refunds.

What Is Margex?

Margex is an unregulated crypto trading provider from Seychelles. If you have invested with this firm, contact us for assistance with the refund.

Is Margex A Scam Broker?

Margex is an unregulated broker that has been blacklisted in Spain, Norway, and Belgium.

Is Margex Regulated?

Margex is based in Seychelles and is not regulated. If you invested any money with this firm, contact us for withdrawal assistance.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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