Margex Review 2024 - Pros & Cons Revealed

Camila Karam

Verified by Tsvetomir Koychev

Last updated

May 6, 2025 10:40 EDT

21min read

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In this in-depth Margex review, we’ll cover this crypto exchange’s products and services, trading commissions, payment methods, and advantages and disadvantages. We’ll also talk about its safety measures, supported markets, leverage limits, and user-friendliness to help you gain insight into its trading practices.

In addition to that, we tested all of Margex’s features to find out what makes this platform stand out from the competition and which areas could be improved. With that in mind, here’s all you need to know about Margex:

What is Margex?

The Margex crypto exchange was founded in 2019. It has over 500,000 registered users and an order book depth of over $50 million. Its advanced trading suite supports up to 100,000 positions per second, with an average execution time of under 8 milliseconds. Margex specializes in perpetual futures, which enable you to speculate on cryptos without taking ownership.

Unlike spot trading markets, perpetual futures support leverage and short-selling. At Margex, you’ll get to trade Bitcoin, Binance Coin, Tron, and Ethereum pairs with up to 100x leverage, while other crypto pairs come with leverage that ranges between 15x and 50x.

Margex also offers a copy trading service that lets you copy a profitable crypto trader, while its staking pools come with up to 7% APY. You’ll also get to trade your staked coins, which is a unique offer. Margex offers fixed trading fees that amount to 0.019% for makers (limit orders) and 0.060% for takers (market orders).

Margex is a popular option for crypto day trading strategies. Its native trading platform supports technical indicators like the Fibonacci retracement and the RSI. Not to mention customizable charting screens and drawing tools. You can access Margex via web browsers or a mobile app.

Margex is located in the Seychelles, and it doesn’t hold any regulatory licenses. However, it keeps 100% of client-owned coins in cold storage wallets. What’s more, your account will be secured by two-factor authentication, 24/7 security monitoring, and a DDoS protection system. While Margex is a global exchange, it doesn’t accept traders from the U.S.

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Getting Started with the Margex Promo Code:

• Step 1: Log in to your Margex trading account.
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• Step 4: Add the promo code CRYPTONEWS.
• Step 5: Follow the onscreen instructions to receive your 20% deposit bonus.

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What is Margex Good For?

Although Margex is a popular trading platform with over 500,000 users, it won’t be suitable for everyone. This section covers the key advantages and disadvantages of using the Margex exchange.

Margex’s Advantages

Margex is best suited for traders rather than investors and HODLers. It specializes in perpetual futures, which day traders and swing traders commonly use. While perpetual futures never expire, Margex charges funding fees every 8 hours, which can make long-term positions unviable. Nonetheless, many traders choose Margex over other crypto exchanges due to its high leverage limits.

For example, you can trade Bitcoin with a leverage of up to 100x. This means you’ll be able to open a position 100 times larger than your initial investment. For example, if your starting capital stands at $2,000, your position size will increase to $200,000.

You can also boost your bankroll via staking. The staking pools on Margex have an APY of up to 7%. Moreover, you’ll get to use your staked coins to enter leveraged positions. The staking terms are flexible, meaning you can unstake your coins at any time.

Margex ensures that crypto trading is cost-effective. It charges commissions of 0.060% (market orders) or 0.019% (limit orders) per slide. If you’re a professional trader, you’ll get to take advantage of its fully customizable charting screen and an extensive suite of technical indicators, alongside custom order types and drawing tools.

On the other hand, if you’re a rookie, you’ll get to copy the trading strategies of professional traders or practice your skills with demo funds. Another advantage of using Margex is its hassle-free registration process.

Margex’s Areas of Improvement

While many Margex reviews rank this exchange high on their best crypto leverage trading platforms lists, Margex comes with certain limits. Namely, this platform doesn’t cover the spot markets. This means you won’t be able to own the coins you trade. Instead, you’ll get to speculate on perpetual futures, which may not be everyone’s cup of tea. On a positive note, Margex expands its scope by offering both delivery futures and options.

Margex can also improve in the payments department. Specifically, it has a high minimum withdrawal threshold of 0.002 BTC, which is over $188 based on current Bitcoin prices. On top of that, you’ll have to deposit a minimum of $10. Margex could also improve its regulatory framework. At the time of writing, it isn’t a licensed crypto exchange in any country. Although this allows it to offer accounts without KYC procedures, a lack of regulation will be a drawback for some traders. This is why Margex uses sophisticated security frameworks. For example, it keeps your funds in multi-signature offline cold storage, while two-factor authentication protects your accounts.

Margex Features

The Margex exchange comes packed with features – let’s take a closer look at the most notable.

Copy Trading

After analyzing and testing more than 50 crypto exchanges, we have come to the conclusion that Margex is one of the best crypto copy trading platforms. Why? There are several reasons. First, Margex lets you copy traders based on their return on equity (ROE), number of followers, or total equity.

Secondly, Margex uses smart follow technology and an MP shield system. The former gives you the same market conditions as the copied trader, while the latter protects you from price manipulation. However, Margex’s copy trading tool comes with a “success fee”, which varies depending on the trader you follow. For example, we came across traders who charge a 50% fee. This means that if they make $30 on one trade, they’ll keep $15. On a positive note, you won’t have to pay any fees if you lose the trade.

Here’s an example of how Margex’s copy trading feature works:

• You invest $1,000 into a trader
• They enter a $100,000 long order on ETH/USD. The margin requirement is 10% of their collateral.
• You replicate the same position but at a $100 stake (10% of your $1,000 investment).
• The trader closes the ETH/USD position. They make 30% gains.
• You automatically close the position and make 30%, too. That’s $30 on a $100 stake.

Perpetual Futures

Perpetual futures are one of Margex’s stand-out features. You can trade 46 crypto pairs with up to 100x leverage. This means that you’ll be able to control a position worth 100x higher than your initial investment with a 1% margin requirement. Keep in mind that you’ll get to use the 100x leverage only if you trade Bitcoin, BNB, Tron, and Ethereum pairs. Other crypto pairs come with a leverage that ranges between 15x and 50x. As mentioned before, leveraged trades attract funding fees every 8 hours.

These leverage limits, while not the highest on the market, are more than sufficient for most traders. Do note that the minimum leverage limit for all supported coins is 5x. This means that you’ll face liquidation if your position size declines by about 20%.

Demo Trading

To create an authentic Margex review, we tested its demo trading option, and we were pleasantly surprised, as it offers a fully-fledged demo trading facility that mimics the real platform.

The only difference is that you’ll be trading with demo funds, so there’s no risk of losing your money. The demo platform comes with leverage tools, short-selling, and customizable charts, so you can test your strategy and see if the dashboard and layout fit your style. What’s more, there’s no requirement to open an account. Just click the ‘Live Demo’ button, choose a pair, and begin trading.

Cryptocurrencies Available on Margex

Margex supports 46 crypto coins. You can trade each as perpetual futures against USD. Here’s a full list of supported markets, alongside the available leverage limits:

Although Margex supports the best cryptocurrencies to day trade, the platform offers a smaller range of markets than its competitors. We also need to know that the 5x minimum leverage requirement might not suit you if you’re a beginner or highly risk-averse.

Staking

Next, in our Margex review, we’ll discuss its staking feature. Margex lets you stake and earn passive income on the following coins:

• USDC: 7%APY
• USDT: 7% APY
• ETH: 7% APY
• BUSD: 7% APY
• BTC: 6% APY

Interestingly, Margex’s staking tool lets you use your staked tokens as a margin. For example, if you deposit $5,000 worth of USDT into your staking account, you’ll generate daily staking rewards on your funds, paid at an APY of 7%.

However, you’ll also be able to use your $5,000 to enter a short or long position. For example, if you trade with 5x leverage, you could open a position with $25,000 using your staked tokens.

What’s more, staking pools are flexible, meaning you can withdraw the funds at any time. Unstaking requests are processed once per day.

Trading Tools

Margex offers a native trading dashboard that comes packed with tools. You can customize everything, from the symbol colors to the line types. You can monitor the market via charts and view a detailed history of your trades.

In addition to drawing tools, you can deploy dozens of technical indicators, from the Moving Average and EMA Cross to Historical Volatility, MACD, and RSI. What we liked most about Margex’s dashboard is its multi-chart feature. This allows you to open and view multiple charts at the same time, which will help you track multiple markets in real time and make more informed decisions.

Margex Trading Fees – Is Its Pricing Competitive?

Fees are an important consideration to make when choosing a crypto exchange. This section breaks down the most common fees you’ll have to pay if you become a Margex user.

Trading Commissions

Margex has a fixed trading commission of 0.060% per slide when entering market orders. This means you’re accepting limit orders that have already been entered by market makers. The commission is based on the total trade value and not just the initial margin.

For example:

• Let’s say you have $500 to risk on a BTC/USD market order
• You go long with a leverage of 25x
• This means the total trade size is $12,500
• So, to enter the position, you’ll be charged a commission of $7.50 (0.060% of $12,500)
• Your BTC/USD position has increased to $20,000, so you cash out
• A 0.060% commission is charged on that $20,000 order, so you pay another $12
• In total, you’ve paid $19.50 commission on this position

Margex offers a much smaller commission of 0.019% when entering limit orders. This provides the exchange with liquidity, which is why a more favorable rate is available. However, unlike other crypto exchanges, Margex won’t lower its fees if you increase your trading volume, which is something that many other crypto exchanges practice.

Leverage Funding

Funding rates are small fees exchanges regularly charge on leveraged positions in perpetual futures to keep the market balanced between buyers (longs) and sellers (shorts). They’re paid every few hours to adjust for market demand.

During our Margex review, we noticed that the platform charges funding fees on leveraged positions every 8 hours – at 00:00, 08:00, and 16:00 (UTC). This offers a wider time frame when compared to other derivative platforms. For example, Kraken has a funding round every 1 hour.

• So, suppose you enter a leveraged position at 01:00, and you close it at 07:00.
• You close the trade before the 08:00 funding trigger, so you only pay one round.

You can easily view the funding countdown time above the charting screen. Funding rates vary depending on the market and the trade direction. For example, shorts might be more expensive than longs, or vice versa. You’ll be able to view the fees before opening a position. However, the fees will be subject to change when the next funding round begins.

Deposits and Withdrawals

Margex doesn’t charge any fees when depositing crypto into your account. You will, however, need to cover the network fee when completing the transfer from a private wallet. Margex also accepts debit/credit cards and other fiat payments.

A third party will process fiat deposits. The respective third party will determine the fees, so they will only be displayed when you complete the deposit – usually, between 0.5% and 5%.

You can only withdraw cryptocurrencies. The withdrawal fees will depend on the crypto. For example, if you want to withdraw Bitcoin, you’ll have to pay 0.002 BTC.

Payment Methods

You can use crypto, like Bitcoin, Solana, and Ethereum, as well as stablecoins, like USDC and USDT, to fund your account. Just choose your preferred asset, and Margex will provide a unique deposit address.

You can also buy crypto using fiat (USD, EUR, TRY, BRL, CAD, etc.). Margex is partnered with third-party providers, such as Changelly, ChangeNOW, Paybis, and FinchPay. This means that Margex supports multiple payment options, from credit/debit cards and SEPA bank transfers to Revolut Pay, Neteller, and AstroPay.

Where is Margex Available

Margex is available in 153 countries, such as the United Kingdom, Germany, Spain, France, and Italy. However, due to regulatory restrictions, you won’t be able to use it if you’re located in one of the following countries:

• The US (including Puerto Rico and the US Virgin Islands)
• Canada
• Hong Kong
• The Seychelles
• Bermuda
• Cuba
• Crimea and Sevastopol
• Iran
• Syria
• North Korea
• Sudan
• Afghanistan

Since Margex doesn’t require KYC verification, we were able to access it from restricted regions using a crypto VPN for testing purposes. However, we wouldn’t recommend that if you want to stay on the right side of regulatory requirements.

Margex Supported Devices and User Experience

Margex offers a web platform and mobile apps for iOS and Android, although, at the time of writing you can’t download its application from the Google Play Store due to technical issues.

You can trade crypto on the go using two mobile apps, the Leverage Trading app and the Copy Trading app. Both apps are compatible with iOS devices. However, the Leverage Trading app is compatible with 13.0 or later versions, while the Copy Trading app is compatible with 16.1 or later versions.

We tested the apps to find out if they were user-friendly or not. Both apps have an intuitive interface, which makes them suitable for beginners. However, when the market is busy, the apps take longer to load data. Moreover, if you want to use both leverage and copy trading services, you’ll have to switch between the apps, which some traders may find annoying.

Does Margex Require KYC?

Many Margex reviews consider the platform one of the best crypto exchanges with no KYC requirements. Why? Because you can trade and use the maximum available leverage without going through KYC verification, which is not often the case with crypto exchanges.

However, this rule only applies to crypto deposits. If you want to fund your account with fiat, you’ll have to go through the KYC verification. Keep in mind that non-KYC accounts will have lower withdrawal limits.

How to Open a Margex Account

Opening a Margex account takes less than five minutes. Just follow along:

1. Go to the Margex website and click the ‘Sign Up’ button.
2. Type in your email address and choose a password.
3. Tick the relevant box to confirm you’re not from a prohibited country.
4. Click the ‘Register’ button.
5. Margex will send an email with a unique code, which you can copy and paste to complete the registration process.
6. After that’s done, you’ll be taken straight to Margex’s trading dashboard, where you can access your wallet, deposit funds, and start trading.

Our Rating for Margex

Overall, we rate Margex 8.5/10 based on the most important variables.

The table below highlights our scoring methodology:

Compare Margex Competitors

Margex is just one crypto exchange among hundreds of options. So, how does it compare with the most popular crypto trading platforms?

In terms of fees, Margex pips some of its main competitors. If you place limit orders, you’ll pay just 0.019% per slide. In contrast, if you trade perpetual futures on Binance, you’ll pay a 0.02% maker fee. On the other hand, the maker fees on Coinbase range between 0.00% and 0.40%.

Margex’s leverage limit of 100x mirrors most derivative platforms, including Binance, OKX, and KuCoin. That said, Bybit offers leverage of up to 125x. Nonetheless, 100x leverage is more than enough for most traders.

One area where Margex falls short is in supported markets. Namely, it offers just 46 crypto pairs, while platforms like MEXC support over 2,000.

Conclusion: Is Margex Worth It in 2025?

We hope that our Margex review helped you learn everything about its products and services, trading fees, and advantages and disadvantages. Based on our research, Margex is a solid crypto exchange that excels in most areas, especially when perpetual futures trading. It offers high leverage of up to 100x and competitive trading fees.

Margex also offers a copy trading feature, which means that you can trade perpetual futures even if you have little to no experience. The platform’s main drawbacks are the lack of spot trading and regulation compliance, although the latter enables Margex to offer accounts without KYC requirements, making it a great option for traders who value privacy.

Margex FAQs

Camila Karam

Cryptocurrency Editor

Camila is a Crypto Editor at Cryptonews, where she crafts research-driven, value-packed evergreen content on cryptocurrencies, exchanges, and other Web3 topics. She is passionate about gathering useful information for the public interested in crypto and blockchain, avidly following new tokens and coins and the most recent news shaping the market. Before transitioning to Web3, Camila contributed to the growth of companies across Latin America, the USA, and Europe in niches such as fashion, SaaS, telecommunications, and lifestyle.

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