Why should I open an account with MEXEM?

There are many reasons to open an account with MEXEM including our innovative trading technology, low cost, global access, and financial strength and security. The MEXEM Universal Account is an Integrated Investment Management account that lets you invest around the world.

Why am I required to designate a Base Currency for my account?

The Base Currency you elect for your account serves 3 primary purposes: Accounting Convention, Margin Compliance, and Fees. It serves as a single currency for translating statement balances, determining margin compliance, and charging fees related to market data, research, inactivity, exposure, and commission on Forex trades.

What documents are required to open an account?

The documents which have to be submitted as part of the application process vary depending on the account type (e.g., trader and investor, institutional, educator, referrer) and its structure (e.g., individual, trust, partnership, corporation, LLC). Detailed requirements are available on the website by choosing the Open Account link.

What is the minimum deposit required for the account to stay active?

To maintain an active account status, a minimum balance of even 0.1 euro is sufficient, provided that you engage in regular trading activities.

How can I reset my password?

Visit el.mexem.com/contact to reset your password.

How long does it take to deposit money on my Mexem account?

When depositing funds on your Mexem account, it generally takes 1-3 working days. You need to always mention your Mexem account number as a reference, otherwise it may take longer.

Why was I charged a fee for a cash withdrawal?

MEXEM allows one free withdrawal request per calendar month. Subsequent withdrawals, irrespective of the method, are charged a fee. The fee charged depends upon the denomination of the currency withdrawn and the withdrawal method.

What is the purpose of buying power?

Buying power, also referred to as excess equity, is the money an investor has available to buy securities in a trading context. Buying power equals the total cash held in the brokerage account plus all available margin.

What are the regulations for trading ETF's in the US and EU market?

Under European regulations, information about U.S. ETFs must be translated into multiple languages so that retail customers can assess their risk. Most U.S. ETFs can only be traded by institutional investors. You can find equivalent European versions for most U.S. ETFs, usually offered on the London, Dublin, Milan, Luxembourg or Frankfurt exchanges.

Will my dividend automatically convert to my base currency?

MEXEM does not act to automatically convert currency balances back to the Base Currency as this action would require assumptions as to the account holder's desired currency exposure as well as the trade price at which they would be willing to close the position.

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Visit our FAQ page to find answers to your questions about our services, investment strategies, and how we aim to assist you in navigating your financial journey.