FREQUENTLY ASKED QUESTIONS

Product

What are the trading instruments offered by your company?

You may refer here to find what products MEX Global Markets offers, our spreads and commissions, and the trading hours.

What are the margin rates for the different types of instruments?

Platform

When will I receive my login credentials?

You will receive your login credentials in an email after our team has verified your account.

Can I use MT4 on mobile devices?
How do I get started using MT4?

General

Is there an in-platform news, research, or analysis?

You can view market news in your client portal under “Tools”.

Account Related

How long will it take for my account to be verified?

Once you are electronically identified and we have confirmed your ID, we will process your application and open a trading account. This process is usually completed within 1 to 2 business days. You can then begin trading on your mobile phone or the desktop once you have funded or transferred shares into your account.

Why am I required to verify my account?
Why didn’t I receive the code to verify my phone number?
I am trying to open an account. Why is it still not activated?
What do I do if I have lost my login details?

Funding – Deposit and withdrawal

How do I fund my trading account?

You can deposit funds using various methods of payment such as with a credit card, debit card, Paynow, TT, bank transfer or a cheque.

How long does it take for my funds to be credited in my trading account?
How do I withdraw funds from my account?
Is there a minimum amount to deposit?
Can a third party fund my account?
Why has my deposit been rejected?
Why have I encountered a problem with my withdrawal?
Why do I need to verify my card or bank account details?
What is the processing period for each method for withdrawals?
Why haven’t I received my funds?
What happens to the money I deposit with Mex Global Markets?

Fees & Charges

Are there any hidden fees?

There are no hidden fees at MEX Global Markets. We are compensated for its services through spreads and commissions.

Does Mex Global charge an overnight fee?
Does Mex Global Markets cover my payment processing fees?

Trading

How can I get a report of my account’s activities?

On the left hand side of your client portal, click “Reports”. You can view your trade reports, account summary and account history. To view trade history in MT4, click the tab “Account History” in your terminal window. Right-click within the tab to view custom dates, or save these reports if needed.

Are there non-trading fees?
Where can I find trading ideas and inspirations?

Complaints and dispute process

MEX Global Markets ('MEX') is committed to fair dealing and ensuring a high standard of service is maintained to our clients. We acknowledge that misunderstandings can occur occasionally, and we strive to resolve them right away. We value all feedback and consider them as opportunities to improve our services.

In the unlikely event you have any reason to be unsatisfied with our service, it is important that you first get in touch with our Client Services team at +65 6013 5970 or email us at [email protected]. Our client services team will decide whether your query can be handled immediately or if it will require further investigation. Most queries can be resolved at this stage; therefore, we encourage you to contact us immediately. If your query requires further investigation, we aim to contact you within five business days of the initial query to advise you of the outcome.

Please include your MEX Trading Account number, the relevant trade transaction information, and a thorough explanation of the facts surrounding the complaint to assist us in resolving your issues as promptly as possible. Please be aware that you must send emails from the email address listed on your MEX Trading Account if you are sending complaints via email.

If our Client Services team is unable to resolve the matter or you feel that their service has not met your expectations, you may direct your case to our Compliance Department at [email protected]. Please set out the complaint clearly and explain the reason for escalating to the Compliance Department.

Our Compliance Department will carry out an impartial review of the complaint constructively with a view to understanding what did or did not happen, and to assess whether we have acted fairly within our rights and have met our contractual and other obligations. Where we are at fault, things are put right at the earliest opportunity.

If the Compliance Department is unable to provide you with a final response within these 14 business days, we will write to you the reason and advise you when to expect the final response.

To safeguard your interests, MEX Global Markets will not act on transactional instructions communicated through this channel. Our responses will not include specific account related information that may compromise your interests.

Should you remain dissatisfied following our final response, you may refer your case to the Financial Industry Disputes Resolution Centre Ltd (FIDReC). The FIDReC is an independent organisation that was established to resolve disputes between financial institutions and their customers.

Please note that FIDReC will not consider a complaint until MEX Global Markets have had the opportunity to respond to it, and any reference to FIDReC must be made within six months from the date of the final response from us.

Their contact details are as follows:

Financial Institutions Dispute Resolution Centre Ltd
36 Robinson Road, #15-01
City House
Singapore 068877

Tel: +65 6327 8878
Email:[email protected]

Further information can also be found at www.fidrec.com.sg.

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