[Exchanges](https://revain.org/exchanges/) › MEXC

# MEXC: licences, security, fees and reviews

Centralized exchange

## Key facts

- **Type**: Centralized exchange
- **Exchange launched**: 2018
- **Country of registration**: Comoros
- **Operator**: MEXC (Comoros) Ltd
- **Official site**: [mexc.com](https://www.mexc.com/)

Key facts checked on 29 October 2026 against official sources and regulator registers.

## What is MEXC

MEXC is a centralised cryptocurrency exchange operating since 2018. Its user agreement is concluded with MEXC (Comoros) Ltd, registered in the Union of Comoros. It offers spot trading, perpetual futures, copy trading, Earn products, a card and its own MX token. In 2021 the site at mxc.com carried the title “MXC Exchange” (archived page).

## Good to know

- The user agreement (last updated 13 October 2026) is with MEXC (Comoros) Ltd, is governed by the laws of England and Wales, and sends disputes to arbitration at the Hong Kong International Arbitration Centre. [↗](https://www.mexc.com/terms)
- Japan's FSA lists MEXC Global among unregistered firms it warned for offering crypto-asset exchange services to Japanese residents, in March 2023 and again in November 2024. [↗](https://www.fsa.go.jp/policy/virtual_currency/angoushisan_mutouroku.xlsx)
- On 28 December 2023 India's FIU-IND issued show cause notices under the anti-money-laundering law (PMLA) to nine offshore crypto providers, including MEXC Global entities, and asked for their URLs to be blocked. [↗](https://pib.gov.in/PressReleasePage.aspx?PRID=1991372)
- South Korea's FIU lists MEXC as an unregistered virtual asset operator referred to investigators on 17 August 2022; in October 2026 Korea's media regulator decided, at the FIU's request, to block access to its website. [↗](https://www.fsc.go.kr/no010101/87916)
- Fee rates differ by trading pair, and MEXC states that maker and taker rates may also vary with platform events or user region; the rate actually charged appears in the trade history. [↗](https://www.mexc.com/fee)
- The UK FCA has listed MEXC Global Ltd (www.mexc.com) on its Warning List since 22 March 2024 (last updated 3 June 2024) as a firm that may be promoting financial services without FCA permission. [↗](https://www.fca.org.uk/news/warnings/mexc-global-ltd-https-wwwmexccom)
- No MEXC entity is on ESMA's register of authorised crypto-asset service providers (checked 29 October 2026); ESMA's non-compliant list records the Dutch AFM finding of 16 September 2025 that MEXC Global serves the Netherlands without a MiCA licence. [↗](https://www.esma.europa.eu/sites/default/files/2024-12/NCASP.csv)
- France's AMF has listed www.mexc.com on its crypto-asset blacklist since 4 June 2024 as not authorised to offer certain financial services or investments in France. [↗](https://www.amf-france.org/fr/espace-epargnants/proteger-son-epargne/listes-noires-et-mises-en-garde/crypto-actifs/wwwmexccom)
- Spain's CNMV warned on 8 April 2024 that MEXC is not authorised to provide reserved investment services in Spain under Article 129 of the Securities Markets Law. [↗](https://www.cnmv.es/webservices/verdocumento/ver?e=tAPl%2bfCjPpP9g5d9mOiPIobgIfO3RtNU2TGg1f2UJVUILCnUAEn6Pt63MwWh%2bqV8)
- Spain's CNMV, in its list of warnings by foreign regulators, records warnings that mexc.com is not authorised from Austria's FMA, Cyprus's CySEC and Luxembourg's CSSF, with list dates of 11 October 2023, 21 January 2026 and 9 September 2026. [↗](https://www.cnmv.es/portal/ResultadoBusqueda?tipo=6&nombre=MEXC)

## Services

| Parameter | Details |
|---|---|
| Spot trading | Spot trading, convert and pre-market trading |
| Derivatives | Perpetual futures settled in USDT, USDC, USD1 or other crypto; up to 500x leverage on BTC/USDT |
| Copy trading | Copy trading and trading bots |
| Staking / Earn | MEXC Earn, on-chain staking and crypto loans |
| Fiat deposits | Card purchases, P2P and fiat deposits in several currencies |
| Card | MEXC Card for spending crypto |
| Own token | MX token; can be used to pay trading fees at a discount set per account; some pairs are excluded |
| Stocks | RealStocks: US equities traded with crypto |
| Commodity futures | Gold, oil and silver futures |

## Status in the United States and the United Kingdom

- The FCA added MEXC Global Ltd (website: www.mexc.com) to its Warning List on 22 March 2024 (last updated 3 June 2024). The FCA states that the firm is not authorised by it, may be targeting people in the UK and may be promoting financial services or products without its permission. [FCA Warning List](https://www.fca.org.uk/news/warnings/mexc-global-ltd-https-wwwmexccom)
- Under the Money Laundering Regulations 2017, cryptoasset businesses carrying on business in the UK must register with the FCA before starting in-scope services such as exchange or custody. The FCA describes registration as a legal requirement to carry on business. [FCA: cryptoasset AML/CTF regime](https://www.fca.org.uk/firms/financial-crime/money-laundering-terrorist-financing/cryptoassets-aml-ctf-regime)
- MEXC's user agreement, concluded with MEXC (Comoros) Ltd, lists both the United States and the United Kingdom among the jurisdictions where it does not provide services or accept registrations. [MEXC User Agreement](https://www.mexc.com/terms)

Checked on 29 October 2026 against regulator registers and the text of the law.

## Security and audits

- MEXC states that it holds reserves of at least 1:1 against user assets and publishes a Merkle-tree proof-of-reserves page where users can verify their balance.
- MEXC keeps full custody of user assets and data, which may be turned over to governmental authorities if an account is suspended or closed over fraud or legal investigations or a breach of the agreement.

## Fees

| Parameter | Details |
|---|---|
| Spot maker | 0% (BTC/USDT, 29 October 2026); set per pair |
| Spot taker | 0.05% (BTC/USDT, 29 October 2026); set per pair |
| Futures maker | 0% (BTC/USDT perpetual, 29 October 2026) |
| Futures taker | 0.02% (BTC/USDT perpetual, 29 October 2026) |

## Who can use it

- Verification: MEXC applies KYC and AML policies; accounts that do not complete identity verification may be suspended or closed without notice.
- Not available in North Korea, Cuba, Sudan, Iran, mainland China, Singapore, Malaysia, the US, the UK, Hong Kong, Kazakhstan, Russia, the Russian-controlled regions of Ukraine (including Crimea, Donetsk, Luhansk, Zaporizhzhia, Kherson and Sevastopol), Belarus, Canada and countries or territories subject to comprehensive economic or trade sanctions.

## History

| Date | Event |
|---|---|
| 2018 | MEXC begins operating. |
| 17 August 2022 | South Korea's FIU refers MEXC to investigators as an unregistered virtual asset operator. |
| March 2023 | Japan's FSA warns MEXC Global for offering crypto-asset exchange services to Japanese residents without registration. |
| 11 October 2023 | Spain's CNMV records a warning by Austria's FMA that mexc.com is not authorised, with the list date 11 October 2023. |
| 28 December 2023 | India's FIU-IND issues show cause notices to MEXC Global entities and other offshore providers and asks for their URLs to be blocked. |
| 22 March 2024 | The UK FCA adds MEXC Global Ltd (www.mexc.com) to its Warning List. |
| 8 April 2024 | Spain's CNMV warns that MEXC is not authorised to provide reserved investment services in Spain. |
| 4 June 2024 | France's AMF adds www.mexc.com to its crypto-asset blacklist. |
| November 2024 | Japan's FSA issues a second warning to MEXC Global, naming John Chen Ju as its representative. |
| 16 September 2025 | The Dutch AFM finds that MEXC Global provides crypto-asset services in the Netherlands without a MiCA licence; ESMA lists it as non-compliant. |
| 21 January 2026 | Spain's CNMV records a warning by Cyprus's CySEC that mexc.com is not authorised, with the list date 21 January 2026. |
| 9 September 2026 | Spain's CNMV records a warning by Luxembourg's CSSF that www.mexc.com is not authorised, with the list date 9 September 2026. |
| October 2026 | South Korea's media regulator decides, at the FIU's request, to block access to MEXC's website in Korea. |

## Risks and caveats

- The contracting entity, MEXC (Comoros) Ltd, is registered in the Union of Comoros; the user agreement names no licence from a financial regulator.
- Regulators in Japan, India, South Korea, the UK, France, Spain, the Netherlands, Austria, Cyprus and Luxembourg have issued warnings or taken action against MEXC for serving local users without authorisation or registration (2022–2026); the Austrian, Cypriot and Luxembourg warnings are as recorded by Spain's CNMV.
- MEXC keeps full custody of user assets, and accounts can be suspended or closed if identity verification is not completed.
- The service is not offered in the United States, the United Kingdom, Canada, Singapore and several other countries.
- If a user does not close positions and withdraw after a written notice, MEXC may treat the account as dormant, close positions and convert assets (for example BTC to USDT); accounts found to misstate their location may be terminated and positions liquidated.

## About the company

- **Legal entity**: MEXC (Comoros) Ltd, Mutsamudu, Anjouan, Union of Comoros
- **Other entities on record**: MEXC Technology Limited (Denver, US), Mexc Global Foundation Ltd (Singapore), MEXC Global (Victoria, Seychelles) per India's FIU-IND
- **Name in UK warning**: MEXC Global Ltd (FCA Warning List, www.mexc.com)
- **Founded**: 2018
- **CEO**: Vugar Usi
- **Earlier site**: mxc.com, titled “MXC Exchange” (archived page, 2021)
- **Own token**: MX

## Official links

- Website: [www.mexc.com](https://www.mexc.com/)
- Fees: [www.mexc.com/fee](https://www.mexc.com/fee)
- Proof of reserves: [www.mexc.com/proof-of-reserve](https://www.mexc.com/proof-of-reserve)
- Terms of use: [www.mexc.com/terms](https://www.mexc.com/terms)

## Questions and answers

**Is MEXC regulated?**

MEXC's user agreement is with MEXC (Comoros) Ltd, registered in the Union of Comoros, and names no licence from a financial regulator. Regulators in Japan, India, South Korea, the UK, France, Spain, the Netherlands, Austria, Cyprus and Luxembourg have issued warnings or taken action concerning MEXC.

**Is MEXC registered in Japan or South Korea?**

No. MEXC is not on the FSA register of crypto-asset exchange service providers (list as of 30 September 2026), and the FSA warned it in March 2023 and November 2024. South Korea's FIU referred MEXC to investigators in 2022, and its website was blocked in Korea in October 2026.

**Is MEXC authorised in the European Union?**

No MEXC entity is on ESMA's register of authorised crypto-asset service providers (checked 29 October 2026). The Dutch AFM found on 16 September 2025 that MEXC Global serves the Netherlands without a MiCA licence, and France's AMF and Spain's CNMV have issued warnings.

**Does MEXC publish proof of reserves?**

Yes. MEXC runs a Merkle-tree proof-of-reserves page with self-verification and states that it holds user assets 1:1.

**What are MEXC's fees?**

Fees are set per trading pair. On 29 October 2026 BTC/USDT spot was 0% maker and 0.05% taker, and the BTC/USDT perpetual was 0% maker and 0.02% taker.

**Is MEXC available in the US or the UK?**

No. The user agreement lists the United States, the United Kingdom and Canada among the countries where MEXC does not provide services. The UK FCA has listed MEXC Global Ltd on its Warning List since 22 March 2024.

**Who operates MEXC?**

MEXC's user agreement is concluded with MEXC (Comoros) Ltd, registered in the Union of Comoros, with its registered address in Mutsamudu, Anjouan. Vugar Usi is chief executive officer. In 2021 the site at mxc.com carried the title “MXC Exchange” (archived page).

## Sources

- [MEXC — About (archived 4 October 2026)](https://web.archive.org/web/20261004053051/https://www.mexc.com/about)
- [MEXC — User Agreement (archived 27 October 2026)](https://web.archive.org/web/20261027001354/https://www.mexc.com/terms)
- [MEXC — Fee Overview (archived 14 October 2026)](https://web.archive.org/web/20261014224247/https://www.mexc.com/fee)
- [MEXC — Proof of Reserves (archived 20 October 2026)](https://web.archive.org/web/20261020204956/https://www.mexc.com/proof-of-reserve)
- [MXC Exchange — Home page (archived 1 May 2021)](https://web.archive.org/web/20210501011916/https://www.mxc.com/)
- [MEXC — Spot API exchange info, BTCUSDT (29 October 2026)](https://api.mexc.com/api/v3/exchangeInfo?symbol=BTCUSDT)
- [MEXC — Futures API contract detail, BTC_USDT (29 October 2026)](https://contract.mexc.com/api/v1/contract/detail?symbol=BTC_USDT)
- [FSA Japan — List of unregistered crypto-asset firms warned by the FSA](https://www.fsa.go.jp/policy/virtual_currency/angoushisan_mutouroku.xlsx)
- [FSA Japan — Register of crypto-asset exchange service providers (as of 30 September 2026)](https://www.fsa.go.jp/menkyo/menkyoj/kasoutuka.pdf)
- [PIB (Government of India) — FIU-IND show cause notices to nine offshore VDA SPs (28 December 2023)](https://pib.gov.in/PressReleasePage.aspx?PRID=1991372)
- [Financial Services Commission (Korea) — FIU press release on blocking unregistered operators' websites (13 October 2026)](https://www.fsc.go.kr/no010101/87916)
- [FCA — Warning List: MEXC Global Ltd](https://www.fca.org.uk/news/warnings/mexc-global-ltd-https-wwwmexccom)
- [ESMA — Non-compliant crypto-asset service providers (CSV)](https://www.esma.europa.eu/sites/default/files/2024-12/NCASP.csv)
- [ESMA — Interim MiCA register of authorised crypto-asset service providers (CSV, updated 22 October 2026, checked 29 October 2026)](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv)
- [AMF — Crypto-asset blacklist: www.mexc.com](https://www.amf-france.org/fr/espace-epargnants/proteger-son-epargne/listes-noires-et-mises-en-garde/crypto-actifs/wwwmexccom)
- [CNMV — Public warning on MEXC (8 April 2024)](https://www.cnmv.es/webservices/verdocumento/ver?e=tAPl%2bfCjPpP9g5d9mOiPIobgIfO3RtNU2TGg1f2UJVUILCnUAEn6Pt63MwWh%2bqV8)
- [CNMV — Warnings by foreign regulators: MEXC](https://www.cnmv.es/portal/ResultadoBusqueda?tipo=6&nombre=MEXC)
- [FCA: cryptoasset AML/CTF regime](https://www.fca.org.uk/firms/financial-crime/money-laundering-terrorist-financing/cryptoassets-aml-ctf-regime)
- [MEXC User Agreement](https://www.mexc.com/terms)

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Page updated: 2026-10-29

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Source: https://revain.org/exchanges/mxc/