MEXC (Editorial Profile)
⚠︎ Risk warning: leveraged derivatives on unregulated platforms — you can lose everything you deposit. Not investment advice.
MEXC competes on two headline numbers — 0% maker fees and up to 500x leverage — and on a third number it doesn't advertise: the count of financial regulators that have formally warned about it. This page exists because MEXC's own terms don't stop a European from registering, and we think a European deciding whether to should first read what the regulators involved actually say. No referral links here, per our methodology.
The essentials
| Operating entity | Not named in MEXC's own ToS. Per the Seychelles FSA: MX Global Ltd, operating "without the required licence" since 2025-01-01; the predecessor entity was struck off in 2023 and dissolved in 2024 |
|---|---|
| EU status | No MiCA authorisation; AFM (Netherlands) declared its services illegal there (2025-09-24); full NL withdrawal announced effective 2026-10-23 |
| Perps (global) | Reportedly 1,500+ USDT-M pairs (dated figure, unverified live); up to 500x on BTC/ETH USDT pairs, 125x coin-margined |
| Fees (base) | 0% maker / 0.02% taker (MEXC's own published figures; raw fee-table not machine-readable) |
| Funding | "Generally settled every 8 hours" (00:00/08:00/16:00 UTC), shortened for some pairs in volatility |
| ToS restrictions | US, UK, Singapore, mainland China, Canada, sanctioned regions — no EU member state named |
The regulatory record — all primary-sourced
- Netherlands, AFM (2025-09-24): MEXC "does not have a license and therefore illegally offers crypto-asset services in the Netherlands" — and the AFM noted MEXC "is no longer registered in a trade register", making its legal domicile unclear. (AFM warning)
- Seychelles, FSA (2026-05-26): the home regulator's enforcement notice states MX Global Ltd operates the platform "without the required licence" under the VASP Act, documents the predecessor's dissolution, and says enforcement referral is in progress. (FSA notice)
- UK, FCA: MEXC Global Ltd sits on the FCA Warning List ("You should avoid dealing with this firm"). (FCA entry)
- Germany, BaFin (2023): "offering financial services on its website mexc.com without the required authorisation". (BaFin notice)
The pattern across jurisdictions is retreat-under-pressure rather than licensing: fiat services suspended and a full Dutch withdrawal scheduled, an India suspension tied to a registration process, and — as of our check — no MiCA application confirmed anywhere. A new CEO has called an EU licence a priority; no filing has been evidenced.
The trap in the fine print
MEXC's ToS restrict only sanctioned jurisdictions plus a short country list (US, UK, Singapore, others) — no EU state is named. So a German or Dutch reader can technically open an account. The AFM's point is that this is MEXC operating illegally, not the user — but the consequence lands on the user anyway: no EU protections of any kind, a counterparty whose own home regulator calls it unlicensed and whose corporate shell has already been dissolved once, and — on the product side — the most aggressive leverage in the market. 500x means a 0.2% adverse move is your entire margin. There is no verified platform-wide hack on MEXC's record, and it publishes monthly self-commissioned proof-of-reserves; neither changes the licensing facts.
Bottom line for a European reader
This is the clearest case on the offshore track: multiple regulators have said the quiet part in writing. If you're in the EEA and want perps, the regulated venues exist now — OKX, Kraken, Bitstamp, Coinbase, One Trading.