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Written by: Krisztián G. Updated: Dec 2022
Expert verified
Recommended for
  • Investors and traders from Globally
Trusted broker
Regulated by top-tier financial authorities
Popularity
3,539 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.

MEXEM is a regulated broker, it is overseen by top-tier financial regulators in multiple countries . MEXEM is also covered by investor protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process.

You can't open an account at MEXEM if you live in United States. See the best alternative available in your country.

MEXEM pros and cons

Pros Cons
Low stock and ETF fees Complex desktop trading platform
Wide range of products High forex and margin fees
Many great research tools

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
To read much more details about the broker's services and features, expand on the sections below.

MEXEM review
Fees

3.8
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.
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MEXEM review
Account opening

5.0
MEXEM's account opening process is fully digital and straightforward, with no minimum deposit required.
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MEXEM review
Deposit and withdrawal

3.5
MEXEM offers quick deposit and withdrawal; however, it doesn't accept credit/debit cards and electronic wallets.
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MEXEM review
Web trading platform

4.3
The MEXEM web platform is simple and easy to use, even for beginners. However, there are some minor but annoying glitches.
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MEXEM review
Mobile trading platform

3.5
MEXEM's mobile trading platform boasts a lot of functions and a useful chatbot, but its user interface could be better.
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MEXEM review
Desktop trading platform

3.5
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.
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MEXEM review
Markets and products

4.9
At MEXEM, you can access an extremely wide range of markets and almost all product types, except for crypto.
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MEXEM review
Research

4.3
MEXEM provides an astonishing array of research functionalities. However, the user interface is somewhat complicated and not well-designed.
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MEXEM review
Customer service

4.5
MEXEM's customer service is overall of good quality, although we missed 24/7 availability.
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MEXEM review
Education

4.5
MEXEM offers some good educational materials and tools, including tutorial videos, webinars and a demo account, although some of these are hard to find.
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MEXEM review
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.
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MEXEM review
Bottom line

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MEXEM review
FAQ

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Author of this review

Krisztián Gátonyi

Author of this review

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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