I used to trade in futures at a company called Mexc Global. I had set up a sell order in their system to trigger when I reached a certain profit, entering at 0.0444 and setting the sell order at 0.0442. Even though the price dropped below the limit I had set for my short position, Mexc ended up selling not based on my specified amount but at the initial entry price. This action essentially took away my $70 profit and, on top of that, charged me a $5.5 transaction fee. In essence, Mexc proved to be an unreliable and deceptive company with poor customer support. I strongly advise against getting involved with them due to their unprofessional practices. If anyone asks, their live support claims that they had mentioned possible deviations in futures trading, as if that justifies their actions. Why is there always a deviation when it comes to selling? My advice is to stay away from them; they even eat into people's hard-earned money.
I traded H/USDT perpetual futures on the MEXC platform and faced an unexpected financial loss due to excessive funding fees. While the market initially moved upward and almost caused a liquidation, I managed to avoid a major loss thanks to market movement. Eventually, the price dropped significantly...
On January 18, 2025, I traded on the futures section of the Mexc exchange, specifically on Reef/USDT. The market price was 0.000982, but they liquidated my position using an "unfair price" of 0.000908, which was significantly lower than the closest valid buy point of 0.000981. This system seems des...
I opened a leveraged position on PROMPT Coin on MEXC at 0.2250. As the price rose, I added orders at levels like 0.25, 0.2550, 0.26, and 0.2650 to lower my average entry, which was clearly shown on the platform. According to the system, my liquidation price was 0.2707. However, despite my efforts to...
Yesterday I opened a standard futures position on MEXC – MYX/USDT. The trade itself showed about $30 profit, yet within 24 hours my balance was reduced by a total of $140 in so-called funding fees, turning the outcome into a $108 loss. On similar positions my funding cost is typically under $1, so t...