MEXEM Review

Low-cost multi-asset investors

CySEC AFM FSMA CBI

Founded 2018 · Cyprus

Why investors choose this broker

No account, deposit, custody or inactivity fees
Low US stock commission from $1 minimum
Access to 30,000-plus instruments across 150-plus markets
EU investor protection up to 20,000 EUR via Irish Investor Compensation Scheme

Review summary

MEXEM is a Cyprus-based introducing broker for Interactive Brokers offering low-cost stocks, ETFs, options, futures and forex across 150-plus global markets.

Pros

No account, deposit, custody or inactivity fees
Low US stock commission from $1 minimum
Access to 30,000-plus instruments across 150-plus markets
EU investor protection up to 20,000 EUR via Irish Investor Compensation Scheme
Paper trading (demo) account available at no cost
Fractional shares on most EU and US stocks
70 WisdomTree ETFs available commission-free
Professional-grade Trader Workstation with 100-plus order types

Cons

No direct cryptocurrency spot trading
No MetaTrader 4 or MetaTrader 5 support
Trader Workstation has a steep learning curve for beginners
No instant card or e-wallet deposit in many regions
Margin account requires 2,000 USD minimum equity
Not available to US, Canadian or Japanese residents
Multiple additional withdrawal fees after the first free monthly withdrawal

Company background

MEXEM Ltd is a Cyprus-based investment firm founded in 2018. It holds CySEC license No. 325/17 and is registered with the AFM in the Netherlands and the FSMA in Belgium. MEXEM operates as an introducing broker for Interactive Brokers Ireland Limited, channelling orders through IBKR's infrastructure while providing its own client support and localised services across Europe, Asia and the Middle East.

Because MEXEM is an introducing broker, client assets are held by Interactive Brokers Ireland Limited, regulated by the Central Bank of Ireland. Clients are covered by the Irish Investor Compensation Scheme for up to 20,000 EUR per client in the event of firm failure.

Fees and pricing

MEXEM charges no account, deposit, custody or inactivity fees. US stock trades cost $0.005 per share (min $1, max 2% of order value). European stocks cost 0.06% with a min of 1 EUR. ETFs follow the same structure, and 70 WisdomTree ETFs are commission-free. Forex orders cost 0.005% with a min of $5. Options start from around 1.80 EUR per contract and futures from around 1.80 EUR (standard EUR-denominated) or 3.50 USD (standard USD-denominated) per contract.

Currency conversion costs 0.05% (min 5 USD/EUR). The first withdrawal per month is free; subsequent withdrawals cost 1 EUR for SEPA, 8 EUR for wire, $10 for USD wire and 7 GBP for GBP wire.

Regulation and safety

MEXEM Ltd is regulated by CySEC (license No. 325/17) and registered with the AFM and FSMA. Client assets are held by Interactive Brokers Ireland Limited, which is regulated by the Central Bank of Ireland. Funds are kept in segregated accounts at reputable banks, separate from the firm's own money.

Clients are eligible for up to 20,000 EUR protection under the Irish Investor Compensation Scheme (90% of a verified loss). MEXEM operates under the EU's MiFID II framework.

Platform experience

MEXEM provides Interactive Brokers' Trader Workstation (TWS), a desktop platform with over 100 order types, algorithmic tools, market scanners and advanced charting. The Client Portal and Web Trader offer browser-based access. Mobile apps are available for iOS and Android in Pro and Lite variants. TradingView integration is supported for chart-driven trading.

A free paper trading account is available to all registered users, replicating live market conditions with no deposit required. The platform supports trading in 29-plus currencies across 150-plus markets in 40-plus countries.

Pros and cons

MEXEM's main strengths are low commissions, no account or custody fees, a wide global instrument range and strong regulatory protections via Interactive Brokers Ireland. Commission-free WisdomTree ETFs and fractional shares add value for long-term investors.

The main drawbacks are the complexity of Trader Workstation for beginners, the absence of direct crypto spot trading, no MetaTrader support and limited deposit methods in some regions. MEXEM is not available to US, Canadian or Japanese residents.

Ready to open an account at MEXEM?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

Open Account

Your capital is at risk. Other fees apply.

Trading fees & commissions

MEXEM charges no account, deposit, custody or inactivity fees. US stock trades cost $0.005 per share (min $1), European stocks 0.06% (min 1 EUR), and the first withdrawal each month is free.

Fees

Item	Fee
Margin	Margin account requires 2,000 USD minimum equity; overnight financing rates vary by currency and position
Account	Free
Custody	Free
Deposit	Free
Futures	Varies by contract type and currency; mini contracts from around 0.50 EUR per contract, standard contracts from around 1.80 EUR (EUR-denominated) or around 3.50 USD (USD-denominated) per contract
Options	From 1.80 EUR per contract depending on currency and underlying
Inactivity	None
Withdrawal	First withdrawal per month free; subsequent withdrawals: EUR SEPA 1 EUR, EUR WIRE 8 EUR, USD 10 USD, GBP 7 GBP
Fx Conversion	0.05%, min 5 USD/EUR

Trading platform & features

Platforms

Trader Workstation (TWS)
Client Portal
Web Trader
iOS app
Android app
TradingView

Regulation and investor protection

MEXEM Ltd is regulated by CySEC (license No. 325/17) and registered with AFM in the Netherlands and FSMA in Belgium. As an introducing broker for Interactive Brokers Ireland Limited, client assets are held by an entity regulated by the Central Bank of Ireland, and clients are eligible for protection of up to 20,000 EUR under the Irish Investor Compensation Scheme.

Broker FAQs

Is MEXEM safe?

MEXEM Ltd is regulated by CySEC (license No. 325/17). Client assets are held by Interactive Brokers Ireland Limited, which is regulated by the Central Bank of Ireland, and clients are eligible for up to 20,000 EUR protection under the Irish Investor Compensation Scheme.

Is MEXEM a scam?

No. MEXEM Ltd holds CySEC license No. 325/17 and is an introducing broker of Interactive Brokers Ireland Limited, which is regulated by the Central Bank of Ireland.

Is MEXEM regulated and by whom?

Yes. MEXEM Ltd is regulated by CySEC (license No. 325/17) and is registered with the AFM in the Netherlands and the FSMA in Belgium. Client assets are held by Interactive Brokers Ireland Limited, regulated by the Central Bank of Ireland.

Does MEXEM keep client funds in segregated accounts?

Yes. MEXEM states that client funds are maintained in segregated accounts at reputable banks, separate from the firm's own money. Assets are held through Interactive Brokers Ireland Limited.

What happens to my money if MEXEM goes bankrupt?

Client assets are held by Interactive Brokers Ireland Limited, not by MEXEM itself. Clients are also eligible for up to 20,000 EUR under the Irish Investor Compensation Scheme, which covers 90% of losses resulting from firm failure.

What products does MEXEM offer?

MEXEM offers stocks, ETFs, bonds, mutual funds, options, futures, forex, and fractional shares. Direct cryptocurrency spot trading is not available. Access covers 150-plus markets in 40-plus countries.

Does MEXEM offer ETFs?

Yes. ETFs are available with the same commission structure as stocks. MEXEM also offers 70 WisdomTree ETFs on a commission-free basis.

Does MEXEM offer options?

Yes. MEXEM offers stock and index options with contract fees starting from around 1.80 EUR per contract, varying by currency and underlying.

Does MEXEM offer futures?

Yes. MEXEM offers futures contracts with fees starting from around $1 per contract, varying by underlying and currency.

Does MEXEM offer forex trading?

Yes. MEXEM offers forex trading with a commission of 0.005% per order, with a minimum charge of $5.

Can I buy fractional shares on MEXEM?

Yes. MEXEM offers fractional shares on most EU and US stocks.

What does MEXEM charge for stock trades?

US stock trades cost $0.005 per share with a minimum of $1 and a maximum of 2% of order value. European stock trades cost 0.06% with a minimum of 1 EUR.

What does MEXEM charge for ETF trades?

ETF trades follow the same commission structure as stocks. Additionally, 70 WisdomTree ETFs are available on a commission-free basis.

Is there a withdrawal fee at MEXEM?

The first withdrawal each month is free. Subsequent withdrawals cost 1 EUR for SEPA transfer, 8 EUR for EUR wire, $10 for USD wire and 7 GBP for GBP wire.

Does MEXEM charge an inactivity fee?

No. MEXEM does not charge any inactivity fee.

What is MEXEM's currency conversion fee?

MEXEM charges 0.05% for currency conversion with a minimum of 5 USD or EUR per conversion.

Does MEXEM have a demo account?

Yes. MEXEM provides a free paper trading account that replicates live market conditions. It is available to all registered users and requires no deposit.

Does MEXEM have a mobile app?

Yes. MEXEM provides iOS and Android apps available in both Pro and Lite versions.

Is MEXEM good for beginners?

MEXEM offers a free paper trading account and fractional shares, but the primary platform, Trader Workstation, has a steep learning curve. Beginners may find it more complex than consumer-focused platforms.

Is MEXEM good for long-term investing?

MEXEM offers low stock and ETF commissions, no custody or inactivity fees, fractional shares and commission-free WisdomTree ETFs, which makes it well suited for long-term buy-and-hold investors.

Bottom line

MEXEM suits users who want low-cost access to a wide range of stocks, ETFs, options, futures and forex across global markets, with strong regulatory protections and professional-grade tools. It may not suit users who want to trade cryptocurrencies directly, prefer MetaTrader platforms, need simple onboarding for beginners, or are based in the US, Canada or Japan.

MEXEM

Low-cost multi-asset investors

Open Account

Your capital is at risk. Other fees apply.