MediumFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-13 15:02

Abstract：Registered in Russia, MediumFX is a brokerage that focuses on the Forex and CFD market, offering its clients access to more than 100 trading options. MediumFX says it does not accept clients from the United States, Belgium, Turkey, and some other countries. Please note that MediumFX is not authorized or regulated by any regulatory authorities. Please be aware of the risk involved.

　　Note: MediumFX's official website https://mediumfx.com/ru is currently inaccessible normally.

MediumFXReview Summary
Founded	2022
Registered Country/Region	Russia
Regulation	No regulation
Market Instruments	CFDs (currency pairs, stocks, bonds, commodities, indices)
Demo Account	❌
Leverage	/
Spread	/
Trading Platform	MediumFX
Min Deposit	$250
Customer Support	Service time: 24/7
	Tel: +74993713633
	Email: support@mediumfx.com, info@mediumfx.com
	Twitter, Facebook
Regional Restrictions	United States, Belgium, Turkey, etc.

　　Registered in Russia, MediumFX is a brokerage that focuses on the Forex and CFD market, offering its clients access to more than 100 trading options. MediumFX says it does not accept clients from the United States, Belgium, Turkey, and some other countries.

　　Please note that MediumFX is not authorized or regulated by any regulatory authorities. Please be aware of the risk involved.

Pros and Cons

Pros	Cons
Multiple trading instruments	Inaccessible website
	Lack of regulation
	No demo accounts
	No MT4/5
	High minimum deposit

Is MediumFX Legit?

　　MediumFX is not regulated by the financial services regulatory authority in Russia, which means that the company lacks regulation from its registration site.

What Can I Trade on MediumFX?

　　On MediumFX, customers can trade currency pairs, stocks, bonds,commodities, and indices.

Tradable Instruments	Supported
Currency Pairs	✔
Commodities	✔
Indices	✔
Stocks	✔
Bonds	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　A total of six types of trading accounts are available with the MediumFX platform, and these account types are actually categorized by the minimum initial deposit requirement.

　　The Quick Start account is the most basic account, requiring an initial deposit of $250, and this type of account is designed for beginners, including some basic functionalities, such as Beginner Education, News, and Economic Calendar.

　　Another five accounts, Silver, Gold, Platinum, Premium, and VIP, require absurdly high account balance, from $1,000, $5,000, $20,000, $50,000, $100,000, respectively.

　　Please note that a demo account is not available with the MediumFX platform.

Account Type	Min Deposit
Quick Start	$250
Silver	$1,000
Gold	$5,000
Platinum	$20,000
Premium	$50,000
VIP	$100,000

Trading Platform

　　MediumFX uses its own trading platform. The industry-leading MT4 and MT5 trading platforms are not available.

Trading Platform	Supported	Available Devices	Suitable for
MediumFX	✔	/	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　MediumFX only allows its clients to make a deposit and withdrawal through VISA, MasterCard, and Maestro Bank Cards. The major currency supported is the US dollar.