MEXC — “Low fees, but we’ll fleece you another way.” That’s their motto.
WTI Crude Oil futures. Within a single second, a candle forms from ~$95 to ~$105 — exclusively on MEXC, with no such price movement on any other exchange. My Take Profit was set at $103–104, and it triggered. Then the circus began: the position was not closed at $104, not at $103 — there were literally zero trades at those levels. Instead, it was immediately executed at market price: $99–97.
I checked the order book right after: moving the price by just $0.60 would have required ~$300,000 in liquidity. Yet somehow the price swung $10 with no market activity whatsoever.
When I contacted support, they openly stated: “The price could have reached that level WITHOUT ANY TRADES.”
The exchange is clearly manipulating prices to hunt stops and profit from its own users.Total loss: $16,000.
