MXTrade reviews

MXTrade_logo MXTrade 6/10 (votes 3906)

Year established: 2014
Country: Belize
Regulation: IFSC
Payment options: VISA, MasterCard, wire transfer, bank cards, CashU, WebMoney, Moneta, Skrill, China UnionPay
Minimum initial deposit: $250
Smallest lot size: 0.01 lot
Leverage: 1:400
Spreads: floated, fixed

MXTrade is a brand owned and operated by Lau Global Services Corporation. MXTrade was established by a group of professionals highly experienced in online trading. The company positions itself as a reliable broker. It provides services to retail and institutional clients in over 140 countries worldwide.

MXTrade closely monitors tendencies of the financial world and introduces new technologies to make trading even more convenient and profitable.

The company’s clients can benefit from special trading conditions and help from experienced team members. The broker’s goal is to create professional and friendly atmosphere.

MXTrade has developed an effective risk management program providing security of its clients’ funds. Moreover, traders’ money is kept on segregated accounts of the world’s most trustworthy financial companies and it is not connected with the broker’s funds.

Besides, the company has the following advantages:

  • access to over 250 trading instruments;
  • transparent performance;
  • flexible trading conditions;
  • narrow spreads;
  • absence of requotes;
  • multi-language customer support.

Traders can also benefit from educational materials available on the company’s website. Thus, newbies have an opportunity to learn the principles of Forex trading while experienced traders can find additional information on a particular issue.

On this webpage you can find comments of traders who have already used the broker’s services. If you have ever worked with MXTrade, do not hesitate to leave your feedback. Let’s help other traders make unbiased opinion on the company.

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Comments about broker

Jorida trader
review MXTrade

I use my Skrill to transfer funds to my trading account at MXTrade. The deposit is fast but when I tried to withdraw some profits, it took them more than a week before they finished processing the transaction. What's worse is that I was charged with 10% transaction fee.

Mufti trader
review MXTrade

MXTrade can be considered as a reliable broker because of their service like other reliable brokers. It has been nine months since I have used their service. I'm always pleased and satisfied with the service they provide. Trading with MXTrade is easy, the platform is user-friendly, also the spread is low. I made a deposit and withdrawal few times via skrill without any problem. I like their trading conditions, and it's so beneficial. I would highly recommend MXTrade to all traders.

Fuiga trader
review MXTrade

I have been trading forex around five years. I used to trade with a lot of brokers, four months I moved some money to MXTrade and i can say that they are good broker. My trades are always executed at the price I am quoted and their client service always ready to help me any kind of situation. The one instance where I had slippage on a position, MXTrade fully neutralized the slipped position and compensated me for a brand new position at the price I was quoted. I was right away put in profit which was what my order should have been when I entered at the price I was quoted. I've placed over 200 traded with them in the past months and it has been just as expected every single time.

patternpip trader
review MXTrade

I trade with MX Trade broker for the past 3 months but I will soon close my account because their desktop platform MetaTRader 4 and the MX Trader for Android have delays and the trading conditions are very difficult for me. I had a demo account which worked fine but with the live account there are problems. Also I applied for the 100% bonus and that bonus was never credited to my account. I traded exotic pairs USD/DKK, EUR/DKK , USD/NOK EUR/NOK and Gold. I called the support team but they can't fix the problem. Now I requested to withdraw my funds 350$ and I will close the account.

xander trader
review MXTrade

I’ve open Islamic account with this broker mxtrade but the procedure to open Islamic account quite difficult which is I have to open standard account first and then I have to apply to change into Islamic account. To me it is really not systematic which is I have to go through 2 process and I have to wait until they approve my application. It took 3 working days for them to approve my account to use Islamic account and I have to wait another 3 days for them to complete my deposit transaction. This broker is to slow in everything I guess. Even their trading platform also slow in execution and their spread that are not acceptable for me which is I choose their fixed spread and for major pairs start from 2 pips but the spread can widen up to 4 pips even though they said fixed. Another problem is my Islamic account is not fully Islamic after 1 month trading with them my account automatically change into standard account back that I have to pay the commission overnight. This broker is totally unreliable.

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