Mexem is a brokerage subject to EU regulation and registered with CySEC. Mexem's clearing companies are regulated by US SEC, FINRA and NFC.
Mexem puts customers' money in the world's leading Banks to ensure the safety of their money. Mexem claims that it is leading global markets and lowering costs. Mexem also claims that it understands that broker commissions can be the difference between a deal's success and failure, which is why Mexem's commissions are low in the industry. All customer funds are protected by SIPC, with a maximum value of $500,000.
According to regulation, Mexem is located at 1st Arch. Kyprianou, Loucaides Building, Limassol CY 3036. WikiFX sent its fact-finding team to this site.
According to the address, the surveyors came to 1st Arch Street and found Loucaides Building. It looked that this relatively old office building was the home to Mexem. This is the heart of the old city of Limassol, a very advantageous geographical location for the company.
The surveyors entered the building and found a company sign. Mexem was found on the second floor of the building, according to the sign.
The surveyors walked to Mexem's door on the second floor and rang the doorbell, but no one answered.
WikiFX’s data shows that the broker is using non-MT4/5 software.
A site visit by WikiFX confirmed that Mexem’s address is in line with its regulatory address. Although the surveyors were unable to enter its office, they learned from the company’s website that it holds an authorized-representative license issued by CySEC and an authorized-representative license issued by the UK FCA, with compliance status.
2-5 years | United KingdomRegulation | CyprusRegulation | Forex Li…
Please ignore this e-mail if you have not registered for WikiFX membership; Of course, you are cordially invited to become WikiFX member.
Given the complexity of forex industry, some brokers are issued legal licenses by regulation institutes by cheating. If the data published by WikiFX are not in accordance with the fact, please use Complaints and Correction function to inform us. We will check immediately and publish the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Notice: Information provided by WikiFX is only for reference and does not indicate any investment advice. Investors should choose brokers by themselves. The risk involved with brokers is not relevant with WikiFX. Investors shall bear the relevant consequences and responsibilities on his own.
China Hong Kongwww.wikifx.hk