UPDATE 2 December 2022: The company's website is down and the last activity via socials was way back in 2014. There's a possibility the company was bought out and just moved it's operation elsewhere, but nothing online hints as to what exactly happened.
Accordingly, we have marked the platform as "dead" in our Exchange Graveyard.
To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.
What is Morrex?
Morrex is one of the Canadian cryptocurrency exchanges.
US-investors may also not trade on this exchange. So if you are a US-investor and want to trade at Morrex, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.
Morrex has a website with a very old-school interface. It doesn’t seem to have had web designers involved whatsoever. But, in all fairness, it’s easy to find the information you seek so that’s always something.
Morrex Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. We have not been able to create an account with this exchange and we have thus not been able to obtain a picture of the trading view here either. We apologize for any inconvenience this may cause.
Morrex Trading fees
This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”.
The flat fee model at this exchange is set at 1.00%. This is a ridiculously high trading fee. It is extra ridiculous considering that the exchange claims on its website to have “low transaction fees”. News flash: 1.00% flat transaction fees is NOT low.
It is four times higher than what we consider to be the industry average (0.25%). One should carefully consider whether this trading platform has a strong offering to investors in other respects that outweighs the disadvantage of this somewhat higher trading fee.
Morrex Withdrawal fees
Contrary to the level of its trading fees, this exchange does not charge any withdrawal fees at all for withdrawing BTC. This is a very strong competitive edge in the market and really distinguishes Morrex from most other top crypto exchanges. We will let you decide whether this fact in some way counters the excessive trading fees.
Morrex offers wire transfer as a deposit method, but you can’t deposit via credit card.