In the fast-growing world of crypto futures trading, trust in the platform is everything.

Unfortunately, not every exchange deserves that trust.


Today, I want to share my personal experience with MEXC Exchange, and why I believe their futures platform operates in a way that puts traders at unfair risk.



The Incident


On April 28, 2025, I opened a short position on AIOTUSDT Perpetual Futures on MEXC.

Everything was normal — the market was calm, liquidity was good, and the maximum price of the day was around 0.12715 USDT.


Then, without warning, I received a liquidation notice.


Confused, I checked the charts:

  • The real market price had never touched my liquidation price.

  • Yet, MEXC's system liquidated my position using something they call a "Fair Price."


Here are the critical numbers:


DetailValueCoinAIOTTrade TypeShortLiquidation Time2025-04-28 19:37:59Real Highest Price (Day)0.12715 USDTMEXC Fair Price (at Liquidation)0.13439 USDTLiquidation Price0.13293 USDTQuantity Liquidated107 contracts

The "Fair Price" was over 6% higher than the real-world traded price.



Why This Matters


A fair price mechanism is supposed to protect traders from liquidation during moments of high volatility.

It should reflect an average of global market prices, not be manipulated to create artificial liquidations.


When an exchange manipulates the fair price internally, it destroys trader confidence completely.


In my case:

  • The real market price stayed safe.

  • The exchange’s fake "fair price" triggered my liquidation.

  • I lost my entire position — not because I was wrong about the market direction, but because the platform created a fake internal price.


This is not an isolated error — it’s systemic manipulation hidden behind technical terms like "fair price."



The Bigger Problem


When an exchange can set arbitrary prices behind the scenes:

  • Your stop-loss means nothing.

  • Your leverage strategy means nothing.

  • Your liquidation risk becomes completely unpredictable.


You are at the mercy of an internal system that can wipe you out even if you are winning.


This is extremely dangerous for any serious trader.



A Respectful Call for Awareness


I also want to respectfully address mentors and crypto influencers who recommend exchanges.

Many newcomers trust your advice completely.

When platforms like MEXC misuse trust, it directly harms the community you have built.


We all have a responsibility to call out wrong practices, even when it’s uncomfortable.



Final Words: Choose Your Exchange Wisely


Before you trade futures:

  • Always research the fair price policy of an exchange.

  • Check if real market prices are respected.

  • Watch out for hidden manipulation.


Your capital deserves protection, and your trading deserves fair treatment.


I personally will never use MEXC again, and I encourage every trader to think carefully before trusting their funds there.


Stay safe. Stay smart. Stay free.



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