We have compiled comprehensive answers to the most common inquiries about trading on the Madagascar Commodity Exchange.
Membership applications require completion of our registration forms, submission of required documentation (business registration, financial statements, references), payment of membership fees, and completion of mandatory training programs. The process typically takes 2-3 weeks for approval.
MEX facilitates trading in over 25 commodities across three main categories: Agricultural products (vanilla, cloves, coffee, cocoa, rice, cashew nuts, pepper, cinnamon), Metals (nickel, cobalt, chromium, strategic minerals), and Oil & Energy products (petroleum products, biofuels).
While physical delivery typically occurs in Madagascar, international buyers and sellers can participate through registered brokers or establish representative offices. Our electronic trading platform enables remote participation with proper documentation and compliance procedures.
MEX offers spot contracts (immediate delivery), forward contracts (future delivery dates), and auction mechanisms. Contracts can be customized for quantity, quality specifications, delivery locations, and payment terms within our standardized framework.
MEX uses a secure settlement system with designated settlement banks. Payments are typically processed within 2-3 business days of contract execution. We accept various payment methods including bank transfers, letters of credit, and approved electronic payment systems.