Last week, I concluded a new partnership with a major broker operating in Europe. I received several e-mails asking me which broker to do spread trading with. There are very few, the most widely used and well-known is Interactive Brokers. I have to tell the truth; I have never been a big fan of this broker. Not for its reliability, which is not in question, but for other aspects. A quality but an unfriendly platform, quite complicated, does not have much transparency on commissions and fees and has bad customer service.
2016 saw the birth of MEXEM, a European-regulated investment company registered in Cyprus and supervised by CySEC. It is also registered with the Authority for the Financial Markets (AFM) in the Netherlands, with the Financial Services and Markets Authority (FSMA) in Belgium and with CONSOB in Italy.
MEXEM acts as an Introducing Broker for Interactive Brokers. Simply put, MEXEM is authorised by Interactive Brokers to collect new clients on its behalf. To be more precise, MEXEM offers traders a hybrid account: the user can benefit from Interactive Brokers' product and market offerings (the account is always with IB) as well as from the TWS platform. At the same time, MEXEM offers a type of account with a more streamlined opening, with no minimum deposit, with transparent commissions and costs different from those applied by Interactive Brokers (much more convenient for those trading on European markets) and with a multilingual Customer Service that is more attentive and responsive to customer needs.
Those who wish to trade with Interactive Brokers and access the vast number of products and exchanges will find MEXEM the best solution for an optimal trading experience.
To establish how reliable this broker is, one must look at its partnership with Interactive Brokers. MEXEM, in fact, acts as Introducing Broker on behalf of Interactive Brokers, meaning that anyone who opens an account through the MEXEM website is actually entering into a contract with the American giant. From a legal point of view, therefore, the user will enjoy all the protections provided for Interactive Brokers accounts (liquidity coverage, insurance policy taken out with Lloyd's, segregated accounts with JP Morgan).
Interactive Brokers is listed on the Nasdaq American Stock Exchange (ticker: IBKR), so all financial statements and financial data are publicly available. Standard & Poor's has assigned Interactive Brokers a BBB+ rating with a positive outlook. Overall, therefore, Interactive Brokers can be described as one of the most reliable brokers in the online trading landscape. So, if you are undecided about which broker to open an account with, MEXEM in Europe is the ideal solution.
If you decide to open or simply move an account with MEXEM, I invite you to do so by clicking on one of the banners on the site. In this way, MEXEM pays me a commission for each customer who logs in or opens an account through my referral, money that I will donate entirely to charity.
We are discussing the final aspects of the agreement and then this new partnership between MEXEM and Trading with David will start. In the meantime, I invite you to subscribe for free to the MEXEM newsletter in which you will also see my presence shortly.
Last week, I concluded a new partnership with a major broker operating in Europe. I received several e-mails asking me which broker to do spread trading with. There are very few, the most widely used and