The best alternatives to MEXEM are
- Saxo Bank - Danish investment bank
- DEGIRO - German-Dutch discount broker
- Swissquote - Swiss investment bank
- Interactive Brokers - International broker providing all asset classes
Let's see in a bit more detail how the MEXEM alternatives compare to MEXEM and each other:
| MEXEM | Saxo Bank | DEGIRO | Swissquote | Interactive Brokers | |
|---|---|---|---|---|---|
| Overall score | 4.5 stars | 4.8 stars | 4.9 stars | 4.5 stars | 4.9 stars |
| Fees score | 3.8 stars | 3.0 stars | 4.5 stars | 1.8 stars | 4.5 stars |
| Account opening score | 5.0 stars | 4.3 stars | 5.0 stars | 4.0 stars | 3.2 stars |
| Deposit and withdrawal score | 3.5 stars | 4.8 stars | 3.0 stars | 4.6 stars | 3.0 stars |
| Web platform score | 4.3 stars | 5.0 stars | 4.0 stars | 4.3 stars | 3.8 stars |
| Markets and products score | 4.8 stars | 5.0 stars | 3.8 stars | 5.0 stars | 5.0 stars |
|
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Why are these brokers considered good alternatives to MEXEM? There are many areas based on which MEXEM can be compared with others. When we say a given online broker is a good alternative to MEXEM we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
MEXEM alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- MEXEM is recommended for investors and traders looking for low fees and sophisticated trading platforms
- Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
- DEGIRO is recommended for traders and investors looking for execution only
- Swissquote is recommended for affluent investors who value safety and are ok with higher fees
- Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment
Important factors of finding MEXEM alternatives
So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether MEXEM or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. MEXEM is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost MEXEM alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At MEXEM this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at MEXEM, some alternatives might allow you to do that.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given MEXEM alternative is a must.
Now let's dive into the details of how MEXEM and its alternatives perform in the most important areas!
MEXEM alternatives
Saxo Bank
Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA).
Saxo Bank is a global service provider and as such it operates a number of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Markets UK.
Being regulated by top-tier financial authorities, having a long track record and a banking background are all good signs for Saxo Bank's safety.
Recommended for investors and traders looking for a great trading platform and solid research
| Pros | Cons |
|---|---|
|
• Great trading platform
|
• High bond, options and futures fees
|
|
• Outstanding research
|
• High minimum deposit
|
|
• Broad product portfolio
|
• Lacks live chat and 24/7 availability
|
Fees
Saxo Bank has overall average trading and non-trading fees, but the structure is quite mixed, with great differences between the fees for various asset classes.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Inactivity fee
|
|
• Low fund fees
|
• Custody fee
|
|
• No withdrawal fee
|
• High fees for options and futures
|
| Saxo Bank | MEXEM | |
|---|---|---|
| Apple benchmark fee | $20.3 | $5.3 |
| Vodafone benchmark fee | $18.9 | $6.5 |
| EURUSD benchmark fee | $14.6 | $20.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Saxo's account opening is fully digital, user-friendly and available in most countries. However, the minimum deposit is high in certain countries (can be $2,000).
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Minimum deposit is high in certain countries
|
|
• User-friendly
|
|
|
• Available in almost every country
|
|
| Saxo Bank | MEXEM | |
|---|---|---|
| Minimum deposit | $2,000 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in Saxo Bank minimum deposit, this overview will help you.
Deposit and withdrawal
Saxo Bank provides multiple deposit and withdrawal options free of charge, on a user-friendly interface.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Electronic wallets not available
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| Saxo Bank | MEXEM | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
Saxo Bank's web trading platform is one of the best on the market. Easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
| Pros | Cons |
|---|---|
|
• User-friendly
|
None |
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| Saxo Bank | MEXEM | |
|---|---|---|
| Web platform score | 5.0 stars | 4.3 stars |
| Mobile platform score | 5.0 stars | 3.5 stars |
| Desktop platform score | 5.0 stars | 3.5 stars |
Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.
Markets and products
Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds are the only area where the selection could be improved.
| Saxo Bank | MEXEM | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | Yes | No |
| Crypto | Yes | No |
Verdict
Saxo Bank is a great broker that provides a complex and good service.
It offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.
It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.
In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly adapted to the needs of clients.
| Saxo Bank | |
|---|---|
| Summary | Saxo Bank is a Danish investment bank. It is regulated by several top-tier financial authorities globally, including the UK regulator called FCA (Financial Conduct Authority). |
| Fees score | 3.0 stars |
| Recommended for | Investors and traders looking for a great trading platform and solid research |
MEXEM alternatives
DEGIRO
DEGIRO is a German-Dutch online discount broker. It was established in 2008 by former employees of another brokerage company in the Netherlands. DEGIRO merged with flatexDEGIRO Bank AG in early 2021, creating the biggest online execution-only broker in Europe with its own banking license.
Check out our DEGIRO review tailored to the needs of beginner investors and traders.
DEGIRO is regulated by top-tier financial authorities such as the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin) in Germany.
Disclaimer: Investing involves risk of loss.
Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority (FCA). The nature and extent of consumer protections may differ from those applicable to firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the FCA's website.
Recommended for traders and investors looking for execution only
| Pros | Cons |
|---|---|
|
• One of the lowest fees on the market
|
• Forex not available
|
|
• Regulated by top-tier authorities
|
• Limited research tools
|
|
• Easy-to-use web and mobile platform
|
• No credit/debit card deposit
|
Fees
DEGIRO has low trading fees for all asset classes. Non-trading fees are also low, as there are no inactivity or withdrawal fees. On the negative side, trading US options or futures will come with a €5 monthly fee. If you need currency conversion, a 0.25% fee will apply.
| Pros | Cons |
|---|---|
|
• Low fund fees
|
• €5 monthly fee for trading US derivatives (options and futures)
|
|
• No inactivity fee
|
• 0.25% FX conversion fee
|
|
• Low stock and ETF fees
|
|
| DEGIRO | MEXEM | |
|---|---|---|
| Apple benchmark fee | $2.3 | $5.3 |
| Vodafone benchmark fee | $7.0 | $6.5 |
| EURUSD benchmark fee | - | $20.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• No minimum deposit
|
|
| DEGIRO | MEXEM | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in DEGIRO minimum deposit, this overview will help you.
Deposit and withdrawal
DEGIRO deposits and withdrawals are free of charge via bank transfer. A big drawback though is that you can't deposit funds using a credit or debit card.
| Pros | Cons |
|---|---|
|
• Free withdrawal
|
• Credit/Debit card not available
|
|
• No deposit fee
|
|
|
• Several account base currencies
|
|
| DEGIRO | MEXEM | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
DEGIRO's web platform is very basic and easy to use, even for beginners. On the negative side, you can't set price alerts.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• Limited customizability (for charts, workspace)
|
|
• Clear fee report
|
• No price alerts
|
|
• Two-step (safer) login
|
|
| DEGIRO | MEXEM | |
|---|---|---|
| Web platform score | 4.0 stars | 4.3 stars |
| Mobile platform score | 4.5 stars | 3.5 stars |
| Desktop platform score | - | 3.5 stars |
Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.
Markets and products
At DEGIRO, you can access many markets and trade a lot of different products. CFDs and forex are not available, though.
| DEGIRO | MEXEM | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | No | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | No | No |
| Crypto | No | No |
Verdict
DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.
Transaction costs are generally very low. In addition, the account opening process is fast.
On the other hand, as DEGIRO is an execution-only broker, its research tools are limited. We should also mention that it offers no forex trading, and most clients can only deposit and withdraw by bank transfer.
All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.
| DEGIRO | |
|---|---|
| Summary | DEGIRO is a discount broker that merged with flatexDEGIRO Bank AG and is supervised by the German financial regulator. |
| Fees score | 4.5 stars |
| Recommended for | Traders and investors looking for execution only |
MEXEM alternatives
Swissquote
Swissquote is a Swiss investment bank established in 1996. It has three main trading entities:
- Swissquote Bank - it provides all asset classes, including stocks and ETFs. This entity is based in Switzerland and has multiple regulations, including the top-tier Swiss Financial Market Supervisory Authority (FINMA).
- Swissquote Bank Europe - it provides stocks, ETFs, funds, cryptos, forex, and CFD trading. This entity is based in Luxembourg and is regulated by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's regulator.
- Swissquote LTD - it provides CFD and forex trading. The entity is based in the UK and regulated by the Financial Conduct Authority (FCA).
The fact that Swissquote Bank Ltd has a banking license, is listed on the Swiss stock exchange, discloses detailed financials regularly, and has a long track record are all great signs with respect to Swissquote's safety.
In this review, we focus mainly on the Swiss entity, sometimes referred to as "Swissquote Bank (CH)" and we will refer to the Luxembourg and UK-based entities as "Swissquote Europe (LUX)" and "Swissquote LTD (UK)", respectively.
Recommended for affluent investors who value safety and are ok with higher fees
| Pros | Cons |
|---|---|
|
• Access to many markets and products
|
• High trading fees
|
|
• No inactivity fee
|
• Confusing trading platform selection
|
|
• Rock-solid background
|
• Some research tools are not free
|
Fees
Swissquote charges no inactivity fee and you can trade an impressive selection of funds for favorable fees. On the other hand, trading fees are generally high, including stock and ETF fees, and withdrawing money comes with a price tag.
| Pros | Cons |
|---|---|
|
• Low fund fees
|
• High stock and ETF fees
|
|
• No inactivity fee
|
• High bond fees
|
| Swissquote | MEXEM | |
|---|---|---|
| Apple benchmark fee | $50.3 | $5.3 |
| Vodafone benchmark fee | $57.3 | $6.5 |
| EURUSD benchmark fee | $15.0 | $20.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Swissquote offers a fully digital account opening process, although we encountered wait times. There is no minimum deposit for trading accounts, but a high minimum for forex and robo-advisory accounts.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Long wait times
|
|
• No minimum deposit for trading account
|
• Forex and robo-advisor accounts have high minimum deposit
|
| Swissquote | MEXEM | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in Swissquote minimum deposit, this overview will help you.
Deposit and withdrawal
Depositing at Swissquote is quick with credit/debit card and can be done in several base currencies. On the negative side, you can only withdraw money via bank transfer and there is a withdrawal fee charged.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Withdrawal fee
|
|
• Several account base currencies
|
|
| Swissquote | MEXEM | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $10 | $0 |
Web trading platform
The Swissquote eTrading platform has so many functions that sometimes the platform is hard to use. Customizability is good and there is a clear overview of trading fees, but it's easy to get lost on the platform.
| Pros | Cons |
|---|---|
|
• Clear fee report
|
• Easy to get lost among functions
|
|
• Two-step (safer) login
|
|
|
• Good search function
|
|
| Swissquote | MEXEM | |
|---|---|---|
| Web platform score | 4.3 stars | 4.3 stars |
| Mobile platform score | 4.7 stars | 3.5 stars |
| Desktop platform score | 3.4 stars | 3.5 stars |
Learn more about Swissquote's web trading platform in the detailed Swissquote review.
Markets and products
At Swissquote Bank (CH) and Swissquote Bank Europe (LUX), you can access many markets and trade a lot of different product types. At Swissquote LTD (UK) you can trade forex and CFDs.
| Swissquote | MEXEM | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | Yes | No |
| Crypto | Yes | No |
Verdict
Swissquote is an investment bank with a rock-solid background. The key factors of its safety scoreboard are the following:
- it is Swiss,
- it is listed on a stock exchange
- and it is a bank.
It has two main entities, one based in Luxembourg and one in Switzerland.
Swissquote offers a broad range of products across many markets. Their product portfolio includes a great variety of stocks, mutual funds, and a variety of other products such as bonds and cryptos.
However, nothing is free: Swissquote's trading fees are relatively high.
All in all, Swissquote is a great stockbroker. As you can trade many products and there is no inactivity fee, feel free to give it a try.
| Swissquote | |
|---|---|
| Summary | Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA. |
| Fees score | 1.8 stars |
| Recommended for | Affluent investors who value safety and are OK with higher fees |
MEXEM alternatives
Interactive Brokers
Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
Given that the broker has licenses from multiple top-tier regulators, has a long track record and publicly disclosed financials while being listed on a stock exchange; it all points towards IB being a safe service provider.
Interactive Brokers recently launched a new app for global stock trading:. GlobalTrader is a simple platform where you can trade stocks and ETFs. If you are looking to trade only those two assets, GlobalTrader is the solution for you, since you will not get distracted with the other unnecessary information about other asset classes. In addition, you will have a more convenient time navigating through its simple user interface. It is also easier and quicker to create a GlobalTrader account than to create an Interactive Brokers account. Read our review of IBKR GlobalTrader
In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT by Interactive Brokers.
Recommended for traders looking for broad market access and a professional trading environment
| Pros | Cons |
|---|---|
|
• Low trading fees
|
• Complicated account opening process
|
|
• Wide range of products
|
• Complex desktop trading platform
|
|
• Many great research tools
|
• Understaffed customer service
|
Fees
Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.
| Pros | Cons |
|---|---|
|
• Low trading fees
|
None |
|
• Free stock and ETF trading for US clients
|
|
|
• Low margin rates
|
|
| Interactive Brokers | MEXEM | |
|---|---|---|
| Apple benchmark fee | $2.3 | $5.3 |
| Vodafone benchmark fee | $7.6 | $6.5 |
| EURUSD benchmark fee | $14.7 | $20.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated and account verification takes relatively long.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Not user-friendly
|
|
• No minimum deposit for most account types
|
|
| Interactive Brokers | MEXEM | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in Interactive Brokers minimum deposit, this overview will help you.
Deposit and withdrawal
Interactive Brokers offers several account base currencies and one free withdrawal per month. The main drawback is that you can only use bank transfer.
| Pros | Cons |
|---|---|
|
• No deposit fee
|
• Credit/Debit card not available
|
|
• Several account base currencies
|
|
|
• First withdrawal free each month
|
|
| Interactive Brokers | MEXEM | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
The Interactive Brokers web platform is simple and easy to use, even for beginners, however there are some minor but annoying glitches.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• User experience could be better
|
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| Interactive Brokers | MEXEM | |
|---|---|---|
| Web platform score | 3.8 stars | 4.3 stars |
| Mobile platform score | 3.5 stars | 3.5 stars |
| Desktop platform score | 3.8 stars | 3.5 stars |
Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.
Markets and products
At Interactive Brokers, you have access to an extremely wide range of markets and all product types are available.
| Interactive Brokers | MEXEM | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | Yes | No |
| Crypto | Yes | No |
Verdict
Interactive Brokers is one of the biggest US-based lowest spread brokers, regulated by several top-tier regulators globally. We recommend this broker both for advanced traders and for everyday investors who want to have access to many stock markets.
On the plus side, IB offers very low fees, a vast range of markets and products, and diverse research tools.
There are some drawbacks, however. We weren't satisfied with the quality of the customer service and the account opening process is complicated. Unlike the web and mobile platforms, the desktop platform is complex and hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers is a great fit for you.
| Interactive Brokers | |
|---|---|
| Summary | Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. |
| Fees score | 4.5 stars |
| Recommended for | Traders looking for broad market access and a professional trading environment |
MEXEM alternatives
MEXEM
MEXEM is an EU-based stockbroker that was founded in 2018. It is an introducing broker to Interactive Brokers (IB), one of the largest brokers in the world. Here are the most important elements of what it means that MEXEM is an introducing broker of IB:
- The account opening and deposit/withdrawal options are very similar to Interactive Brokers.
- The available products are almost the same as at Interactive Brokers.
- MEXEM charges its own fees, and offers its own customer support and educational tools.
As a customer of MEXEM, your assets and cash will be held at Interactive Brokers's Irish entity (IBIE), which is regulated by the Central Bank of Ireland. MEXEM itself has a license from the Cyprus Securities and Exchange Commission (CySEC).
Recommended for investors and traders looking for low fees and sophisticated trading platforms
| Pros | Cons |
|---|---|
|
• Low stock and ETF fees
|
• Complex desktop trading platform
|
|
• Wide range of products
|
• High forex and margin fees
|
|
• Many great research tools
|
|
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.
| Pros | Cons |
|---|---|
|
• Low stock/ETF fees
|
• High margin rates
|
|
• Low bond and mutual fund fees
|
• Average forex and futures fees
|
|
• No inactivity fee
|
|
| MEXEM | Saxo Bank | DEGIRO | Swissquote | Interactive Brokers | |
|---|---|---|---|---|---|
| US stock | $2.5 | $10.0 | $1.0 | $25.0 | $1.0 |
| UK stock | $2.8 | $9.0 | $3.1 | $28.3 | $3.4 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
MEXEM's account opening process is fully digital and straightforward, with no minimum deposit required.
| Pros | Cons |
|---|---|
|
• Fully digital
|
None |
|
• No minimum deposit
|
|
|
• User-friendly
|
|
| MEXEM | Saxo Bank | DEGIRO | Swissquote | Interactive Brokers | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $2,000 | $0 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1-3 days |
Learn more about MEXEM minimum deposit here.
Deposit and withdrawal
MEXEM offers quick deposit and withdrawal; however, it doesn't accept credit/debit cards and electronic wallets.
| Pros | Cons |
|---|---|
|
• No deposit fee
|
• Credit/Debit card not available
|
|
• Several account base currencies
|
|
|
• Quick deposit and withdrawal - within 3 days
|
|
| MEXEM | Saxo Bank | DEGIRO | Swissquote | Interactive Brokers | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | No | No |
| Withdrawal fee | $0 | $0 | $0 | $10 | $0 |
Web trading platform
The MEXEM web platform is simple and easy to use, even for beginners. However, there are some minor but annoying glitches.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• User experience could be better
|
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| MEXEM | Saxo Bank | DEGIRO | Swissquote | Interactive Brokers | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 5.0 stars | 4.0 stars | 4.3 stars | 3.8 stars |
| Mobile platform score | 3.5 stars | 5.0 stars | 4.5 stars | 4.7 stars | 3.5 stars |
| Desktop platform score | 3.5 stars | 5.0 stars | - | 3.4 stars | 3.8 stars |
Learn more about MEXEM's web trading platform in the detailed MEXEM review.
Markets and products
At MEXEM, you can access an extremely wide range of markets and almost all product types, except for crypto.
| MEXEM | Saxo Bank | DEGIRO | Swissquote | Interactive Brokers | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | Yes | Yes | Yes |
| ETFs | Yes | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | No | Yes | Yes |
| Funds | Yes | Yes | Yes | Yes | Yes |
| Bonds | Yes | Yes | Yes | Yes | Yes |
| Options | Yes | Yes | Yes | Yes | Yes |
| Futures | Yes | Yes | Yes | Yes | Yes |
| CFDs | No | Yes | No | Yes | Yes |
| Crypto | No | Yes | No | Yes | Yes |
Verdict
MEXEM is an EU stockbroker for investors and traders. We recommend this broker mainly for advanced traders.
On the plus side, MEXEM has low stock and ETF fees, a vast range of available markets and products, and diverse research tools.
There are some drawbacks, though. It charges high forex and margin fees, and the desktop platform is complex and might be hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and like transparency, feel free to try MEXEM, as it could be a great fit for you.
| MEXEM | |
|---|---|
| Summary | Mexem is an European-based global stockbroker for traders and investors. It is an introducing broker of Interactive Brokers IE, which is regulated by the Central Bank of Ireland. |
| Fees score | 3.8 stars |
| Recommended for | Investors and traders looking for low fees and sophisticated trading platforms |
MEXEM alternatives
Bottom line
Based on our analysis, there are several good alternatives to MEXEM. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| MEXEM | Global stockbroker | Investors and traders looking for low fees and sophisticated trading platforms |
| Saxo Bank | Danish investment bank | Investors and traders looking for a great trading platform and solid research |
| DEGIRO | German-Dutch discount broker | Traders and investors looking for execution only |
| Swissquote | Swiss investment bank | Affluent investors who value safety and are OK with higher fees |
| Interactive Brokers | International broker providing all asset classes | Traders looking for broad market access and a professional trading environment |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
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