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Type of Broker: CFDs, Forex, ECN
Regulated: Regulated by the International Financial Services Commission (IFSC)
Min Deposit: $22
Min Trade Amount: 0.01 pips
US Clients:
Bonus: Win Apple Watch on First Deposit of $2,500+
Number of Assets: 250
Leverage: 1:400
Free Demo Account:
Trading Platform: MT4 |Mobile Platforms|WebTrader
Types of assets: CFDs| Forex|Metals|Shares|Commodities|Indices
Payment METHOD NAME Charge Time

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Full Review

MXTrade is a Forex, Metals and CFDs trading brand owned and operated by Lau Global Services Corporation, a financial services company providing trading in financial and commodity-based derivative instruments and other securities.

The company is licensed by the International Financial Services Commission under License Number IFSC/60/402/TS/15, and its EU offices are located at Floor 5, 115 A, Msida Valley Road, Birkirkara, 9024 Malta, through its representative company Grizzly Ltd Registration number 66007.

MXTrade is currently available in 11 languages and its parent headquarters are located at 5 Cork Street, Belize City, Belize, C.A.

Promotions and Account Types

MXTrades offers its clients an opportunity to receive a version of the innovative Apple Watch depending on the level of deposit and trading volume requirements. The lowest requirement is a deposit of $2,500 and a trading volume of 250 lots, while the highest for the best version of the Apple watch is a trading volume of at least 15,000 lots and a first deposit of at least $150,000.

Beginner Account: This is the smallest account type at MXTrade that a trader can open. It requires a minimum deposit of $250 and comes loaded with various benefits/features including a minimum lot size of 0.01, floating spreads, access to all trading platforms (MT4, Mobile, Tablet and WebTrader), Daily Analysis, Account Manager and 24 hour support.

Silver Account: This account type is designed for those traders who have some trading experience and wish to commit at least $5,000 as first deposit. There is nothing different though in terms of features/benefits when compared to beginner account.

Gold Account: This is the most common account type at MXTrade and also the most highly recommended for experienced traders. It requires a minimum deposit of $20,000 and comes loaded with the following unique features: tight fixed spreads, Free VPS and Free bank wire plus the rest of the features enjoyed by Silver Account holders.

Platinum Account: This is the most senior account type at MXTrade and it requires a minimum deposit of $100,000. It comes loaded with the same features/benefits as those listed under the silver account type.

Islamic Account: Basically these have the same features as the current accounts, but with a little more additional Sharia Law-friendly benefits such as no swap charges on overnight positions, No spread widening, and no extra commissions.

Trading Instruments

Forex: Traders have an opportunity to trade in more than 50 currency pairs including all the majors, minors, and exotics. Spreads for majors begin at 1.5 pips to 2.5 pips fixed for Gold and Platinum accounts, and 2.0 pips to 4.0 pips floating for Regular and Silver Accounts.

Precious Metals: This simply involves trading Gold and Silver. For Platinum account holders, spreads are at 2.5, while Gold account holders enjoy spreads of 4.0 pips. On the other hand, regular/beginner account holders and silver account holders enjoy spreads of 7.0 pips and 5.0 pips respectively.

CFDs (Contracts for Differences): Here traders can trade in various asset types which include shares, indices, currencies and future commodities. Some of the spot and futures contracts include wheat, coffee, sugar, corn, copper, and spot gold and Brent oil. As for Indices, traders can trade FTSE, Dow, NASDAQ, Nikkei 225, and DAX, while shares feature strong brands such as Apple, Amazon, Facebook and Alibaba among others. Traders can enjoy spreads of $0.45 for spot gold contracts and a leverage of up to 1:400.

Platforms and Trading Resources

Just like many forex brokers, MXTrade offers its traders an opportunity to trade via the award winning MT4 platform, as well as, variety of web-based and mobile platforms.

The MetaTrader 4 (desktop): Here traders can enjoy a range of trading tools and resources such as technical analysis tools, Indicators, charting tools and news updates among others. Traders also have the opportunity to apply stop-loss/take profits limit trading methods as well as, hedging.

Mobile/Tablet Platforms: MXTrade offers its traders a chance to trade from wherever they are via mobile devices including smartphones (Android & iPhone), and tablet devices.

WebTrader Platform: This is tailor-made for traders who do not which to trade via the downloadable MT4 platform. With this web trader, traders also have access to charting tools, news and analysis updates and several educational resources available on the broker’s website.

Deposits and Withdrawals

Traders at MXTrade can deposit/withdraw funds from their trading accounts via Wire Transfer, Credit/Debit Card (Visa & MasterCard), CashU, PaySafeCard, WebMoney, Moneta.ru, Yandex Money, Skrill (MoneyBookers), and UnionPay. Traders cannot withdraw via Yandex Money.

The minimum withdrawal amount is $50 for electronic payments, $0.01 for Credit/debit card and $100 for wire transfer. The minimum deposit amount also ranges from one payment method to another, but the lowest is $22.

Again, most of the payment methods accept USD, EUR and GBP currency types, while others accept just one or two of them. MXTrade does not charge traders any fees or commissions on transaction processing.

Traders must also verify their identities/physical addresses and credit card information wherever applicable as per the payment method used before making their first withdrawal.

Support

Traders at MXTrade can contact support via Telephone, Email, Call-Back Request, Contact Form, or Live Chat.

Live Chat: 24/7 Live support

Email: [email protected] plus others for various departments and enquiries.

Telephone: +442031294080 plus others for various satellite offices.