MEXC contract trading rules

MEXC Contract Trading Rules: A Comprehensive Guide

MEXC, a leading digital asset exchange, has established a comprehensive set of rules governing its contract trading activities. These rules are designed to ensure a fair, transparent, and orderly market for all participants.

Outlined below are the key contract trading rules implemented by MEXC.

1. Account Eligibility

• To participate in contract trading on MEXC, traders must first create an account and complete the identity verification process.
• Contract trading is only available to users who meet the exchange's KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements.

2. Trading Instruments

• MEXC offers a wide range of perpetual contract trading instruments, including BTC, ETH, BCH, LTC, EOS, and XRP.
• Perpetual contracts are derivatives that provide exposure to the underlying asset without requiring physical delivery.
• Each contract has its own unique specifications, including contract size, tick size, and margin requirements.

3. Margin Trading

• Contract trading on MEXC is conducted on a margin basis.
• Margin trading allows traders to amplify their trading positions by using borrowed funds provided by the exchange.
• Traders must maintain a sufficient margin balance to cover potential losses on their trades.

4. Order Types

• MEXC supports various order types, including limit orders, market orders, stop-loss orders, and take-profit orders.
• Limit orders allow traders to specify the desired price at which they want to execute their trades.
• Market orders are executed immediately at the best available price.
• Stop-loss orders are designed to automatically exit a trade when a specific price level is reached, minimizing potential losses.
• Take-profit orders are designed to automatically close a trade when a specific profit target is achieved.

5. Risk Management Tools

• MEXC provides several risk management tools to help traders manage their exposure and reduce potential losses.
• These tools include stop-loss orders, take-profit orders, and position management features.
• Traders should carefully consider their risk tolerance and implement appropriate risk management strategies.

6. Liquidation

• In the event that a trader's margin balance falls below the required maintenance margin, their positions may be subject to liquidation.
• Liquidation is a process whereby the exchange automatically closes a trader's losing positions to prevent further losses.
• Traders should monitor their margin balance closely and adjust their trading strategies accordingly.

7. Fees

• MEXC charges various fees for contract trading, including trading commissions, funding fees, and withdrawal fees.
• Trading commissions are charged on each trade executed.
• Funding fees are charged or paid to traders based on the position they hold (long or short) during the funding period.
• Withdrawal fees are charged when traders withdraw their funds from the exchange.

8. Customer Support

• MEXC provides comprehensive customer support to assist traders with any queries or issues they may encounter.
• Traders can contact customer support via live chat, email, or social media platforms.
• MEXC has a dedicated team of support staff available 24/7 to provide prompt assistance.