mudrex review

Trading costs a taker fee of 0.45% when your order takes liquidity from the order book, and a maker fee of 0.45% when it adds to it. The two sit at the same level, so the direction of your trade does not change the headline cost of trading on Mudrex.

Mudrex is a custodial exchange, so the exchange holds the coins rather than you holding the keys, and the account runs through RPFAS Technologies Private Limited. It is licensed as a crypto asset investment provider in Lithuania, licence 306070243, and registered with the Financial Intelligence Unit in India.

Deposits run by card and bank, so a card or a bank transfer both work into the same account. Withdrawals are where charges bite more sharply, since crypto withdrawals cost Crypto 2% (min USD 0.5) incl. 18% GST; INR 0%. The exchange is based in India and has run since 2018.

691 coins are listed, which puts Mudrex at 19 on the site. That sits well above the 71.5 median for this kind of exchange, so the range of assets is the strongest part of the offer. Derivatives are available too for traders who want them.

Support runs on email, help centre and community, so email, a help centre and a community are the ways in. No phone line is listed, which matters if you want to talk a problem through by voice. Written support suits account questions and fee queries that are not urgent.

Two registrations are on record: Centre of Registers for Lithuania (crypto asset investment provider) and Financial Intelligence Unit India (FIU IND). The Lithuanian one is a crypto asset investment provider licence, numbered 306070243, and the Indian one sits with the Financial Intelligence Unit. Registration covers the firm, not the balance you hold.

On taker fee, Mudrex at 0.45% sits above eToro at 1% and Vivid Plus at 2.25%, and at the top of bunq's range of 0.25% to 1.99%. Mudrex answers back with a much longer coin list of 691, so the choice is between paying more per trade and holding more assets.

Most retail accounts on the site lose money, with a median retail loss of 70.15%. Trading costs sit on top of that: 0.45% a side and Crypto 2% (min USD 0.5) incl. 18% GST; INR 0% on crypto withdrawals. Mudrex scores 4.8 overall, with the offer carrying the rating and cost dragging.