{"id":386987,"date":"2020-04-02T07:56:10","date_gmt":"2020-04-02T05:56:10","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=386987"},"modified":"2020-04-02T07:56:10","modified_gmt":"2020-04-02T05:56:10","slug":"mexem-a-great-trading-platform-for-south-africans","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/386987\/mexem-a-great-trading-platform-for-south-africans\/","title":{"rendered":"Mexem \u2013 A great trading platform for South Africans"},"content":{"rendered":"<p>Mexem is a leading online trading platform available to South Africans that utilises its relationship with Interactive Brokers &#8211; the largest trading platform in the US &#8211; to offer South Africans better fees and a powerful platform.<\/p>\n<p>It already has hundreds of local clients, and boasts a client retention rate of over 95% &#8211; proof that customers are appreciating the product they are provided.<\/p>\n<ul>\n<li><a href=\"https:\/\/mexem.co.za\/?utm_source=BusinessTech&amp;utm_medium=March_2020\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Click here to learn more about Mexem<\/strong><\/a><\/li>\n<\/ul>\n<p>We spoke to Mexem&#8217;s Head of Business Development, Ryan Gordon, about how the online trading platform is making waves &#8211; both locally and internationally.<\/p>\n<h3 class=\"my-4\"><strong>Why Mexem launched in South Africa<\/strong><\/h3>\n<p>Gordon explained that Mexem founder and CEO Itai Liptz performed research into the South African retail brokerage industry and found that these local providers were between 15-20 times more expensive than the equivalent in established retail brokerage markets like the US.<\/p>\n<p>This is why Mexem was launched in South Africa, and Gordon added that Mexem continues to find ways to bring international pricing and trends to the local investment market.<\/p>\n<p>&#8220;Recent developments in our industry is now a \u201cCommission-Free\u201d service, ie clients do not pay any commissions on Stocks and ETFs in the US,&#8221; Gordon said.<\/p>\n<p>&#8220;We hope to be launching a product with Interactive Brokers soon to allow us to provide this account to clients.&#8221;<\/p>\n<p>Gordon added that he is consistently working on projects &#8211; including a current project with Bloomberg which will be available to clients shortly.<\/p>\n<h3 class=\"my-4\"><strong>Why use Mexem?<\/strong><\/h3>\n<p>Gordon said that the Mexem platform is a user-friendly way of getting direct access to global markets.<\/p>\n<p>&#8220;Our user-friendly platform and professional client services offer the dedicated package for you to perform your own fundamental analysis on instruments in over 120 markets,&#8221; said Gordon.<\/p>\n<p>&#8220;You have the access to these markets through your fingertips.&#8221;<\/p>\n<p>He added that Mexem&#8217;s pricing is one of the cheapest around.<\/p>\n<p>For US equities and ETFs, for example, you will pay just USD 0.005 per share &#8211; with a minimum of USD 1 per trade.<\/p>\n<p>&#8220;Accompanied with fundamental analysis tools, a low-cost structure, a diversified portfolio and a trusted platform, Mexem Africa also works on a \u2018no-trade, no-fee\u2019 basis,&#8221; Gordon added.<\/p>\n<p>&#8220;So if you don\u2019t trade for the month you don\u2019t pay any fees. For those looking to buy and hold we really are cost effective.&#8221;<\/p>\n<p>Gordon added that Mexem take a personalised approach to its clients, meeting face-to-face if the customer wants this so that they know they are not speaking to robots, but instead to a dedicated team.<\/p>\n<h3 class=\"my-4\"><strong>Investing during the COVID-19 outbreak<\/strong><\/h3>\n<p>Gordon acknowledged that many companies&#8217; stock prices have decreased dramatically in the wake of the COVID-19 coronavirus pandemic.<\/p>\n<p>However, Gordon said, one can also think about these decreases as an opportunity.<\/p>\n<p>&#8220;When news turns negative like this some may be tempted to stockpile,&#8221; Gordon said.&#8221;<\/p>\n<p>&#8220;However, now these companies can be purchased on sale, and the odds of you having above-average returns going forward increases substantially if you have the right tools for your investments,&#8221; said Gordon.<\/p>\n<p><a href=\"https:\/\/mexem.co.za\/?utm_source=BusinessTech&amp;utm_medium=March_2020\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Click here to learn more about Mexem<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We spoke to Mexem&#8217;s Head of Business Development, Ryan Gordon, about how the online trading platform is making waves &#8211; both locally and internationally.<\/p>\n","protected":false},"author":57,"featured_media":386991,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[26,13878],"class_list":["post-386987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-headline","tag-mexem"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/386987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=386987"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/386987\/revisions"}],"predecessor-version":[{"id":386993,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/386987\/revisions\/386993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/386991"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=386987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=386987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=386987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}