Don't waste your time and money trading futures on MEXC

This post is like a small warning for anyone that wants to do perps trading and saw that MEXC is having 0 fees and are baited by that.

DON'T TOUCH MEXC FUTURES.

Normal futures = casino for the average user.
Mexc futures = rigged casino where you cannot win in the long term at all.

I'm not an expert but I enjoy trading futures once in a while. It's like a side hobby that makes me a few hundreds bucks a month in profit. I became profitable on Gate and Binance and even on Avantisfi (which has quite high fees). But Mexc? Nope.

I applied the same strategies that I've used on Gate and on Binance and I got rekt every single time on Mexc. So I asked myself, how?

Well, when there's a high volatility of a coin - Gate decided to close it's futures option for that coin, compensate the people that got liquidated due to the fluctuation and list it back after a day or two with much less leverage allowed. And that seemed fair to me. you don't have liquidity? Don't allow people to trade above 5x.

Well, what does Mexc does in that case? Mexc has a fair price which they use to liquidate users. Basically, in a case when the price on futures is $1 and the fair price is $1.05 and you have liquidation at $1.05 - you're liquidated. So if you have some good market makers - they can easily pump the price on the spot price so you can liquidate a lot of users.

"Alright anon, you're biased, all the exchanges are doing that" - Yea, that's true. But none of them are as greedy and have such a well designed system for liquidations as Mexc.

And this is how they make a shitton of money. A shitton of money from forced liquidations and things that shouldn't be normal in crypto in 2025.

Closed my account and moving out to Gate, Binance, Avantisfi and Hyperliquid. F**k Mexc.