Mexc Futures Liquidated My Trade Unfairly on Reef/USDT – Avoid Their Traps
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 designed to trap users and force liquidations unfairly. The "fair price" mechanism they use is anything but fair and feels deliberately set up to profit off traders' losses.
I strongly advise others to stay away from Mexc's futures platform. This experience was incredibly frustrating and feels like a blatant scam. Mexc needs to address these issues immediately and stop exploiting its users.
Hello, Firstly, we are sorry for your loss. Thank you for the documents you provided. We have reviewed your transaction in detail. Liquidation processes occur according to the fair price. Upon checking, the fair price reached your liquidation price, and your position was mandatorily closed. Therefore, no issue is observed in your transaction. In addition to the response, we have highlighted the highest and lowest prices at the date and time of your order in the screenshot we provided. You can also check the situation. MEXC
I hope everyone sees this difference...
