Since 2016, Mercatox has been providing access to the digital currency and cryptocurrency markets to over 647,626 traders and has more than 941,709 total Bitcoin trading volume. The cryptocurrency exchange operates from the United Kingdom, offering multiple cryptocurrencies, such as Bitcoin, Bitcoin Gold, Ethereum, XRP, EOS, Litecoin, Dogecoin, DASH, Ethereum Classic, and many others, for online trading via a proprietary web-based trading platform. Apart from providing trading services, Mercatox also offers a lending platform, a multi-currency wallet, and payment services. There is also a live trading account with a minimum required deposit of $1.
Mercatox Review Introduction
In this Mercatox review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including Mercatox.
Mercatox Platforms & Tools
The Exchange provides traders with the Mercatox trading platform. It is built by the Exchange to allow traders to trade multiple cryptocurrencies. The platform is available as a WebTrader that can run directly on most modern web browsers, including Chrome, Safari, Firefox, and Edge, without the need to install any software. The platform provides charting tools powered by TradingView and allows you to set your preferred order type, price, and amount, as well as the direction you want to trade. With the platform, you can also trade on margin, which means that you can borrow, as well as lend to other traders.
Mercatox Research & Education
Mercatox provides traders with a selection of educational resources to help them make informed trading decisions. They include a News section, which keeps traders informed on the factors that move the financial markets and an FAQ section that offers quick answers to the most common concerns that clients may have.
Mercatox Trading Accounts
Mercatox offers clients one live trading account for trading the various available cryptocurrencies. The minimum deposit amount required to operate an account is $1.
Mercatox Account Funding
Mercatox provides its clients with a multi-currency wallet with a wide range of digital currencies. They only accept cryptocurrency for account deposits and withdrawals, with no support for fiat currencies.
Mercatox Customer Service
To serve a global clientele, the Exchange’s website is available in 3 different languages: English, Russian, and Chinese. The Exchange offers a client support team that responds to clients’ general, technical, and account-based inquiries, and they can be reached via email, social media, or via a support ticket. There is no telephone access on their website.
There is no regulatory information on the Exchange’s website at the moment, which may not go down well with some traders who prefer regulated exchanges.
Mercatox Review Summary
Mercatox is an online cryptocurrency exchange that is based in the United Kingdom. The Exchange aims to create a cryptocurrency marketplace that can meet the diverse needs of crypto traders. They provide traders with a proprietary web-based trading platform, as well as storage and lending services. There is also a selection of educational resources on their website to help traders improve their knowledge. However, there is no regulatory information on their website at the moment, which can pose a red flag to most experts and potential traders as the security of their funds is not guaranteed.
It is worth mentioning that some of the trading products and services in this Mercatox review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Mercatox broker website which you can visit by using the link below.
You should be aware that the risk of loss in trading or holding Digital Currencies can be substantial. As with any asset, the value of Digital Currencies can go up or down and there can be a substantial risk that you lose money buying, selling, holding, or investing in digital currencies.