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MTFXG-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2022-08-08 18:32

Abstract：MTFXG is an offshore forex broker, registered in Saint Vincent and the Grenadines, claiming to offer its clients direct access to world stocks and currency markets. MTFXG hypes that it offers more than 200 trading instruments, 10 payment methods, and 4 trading accounts for traders to choose from.

General Information

MTFXG is an offshore forex broker, registered in Saint Vincent and the Grenadines, claiming to offer its clients direct access to world stocks and currency markets. MTFXG hypes that it offers more than 200 trading instruments, 10 payment methods, and 4 trading accounts for traders to choose from.

Please note that MTFXG is not authorized or regulated by any regulatory authorities. Although this clone does not mean that this brokerage is a scam, investors should take extra vigilance before trading with this brokerage.

Market Instruments

MTFXG says it offers a bulk of more than trading instruments, including Forex Trading, Stock CFDs, CFDs Indices, Precious Metals, Energy, as well as Cryptocurrency.

Account Types

With MTFXG, four live trading accounts are available, namely Standard, ECN Zero, ECN, and Pro accounts. To open the most basic account, the Standard account, investors only need to fund an acceptable minimum initial deposit of $100 into the account, with the ECN Zero account the same requirement. While other two accounts, the ECN account, and Pro Account, require a much high initial deposit, from $1,000 and $10,000, respectively. These four trading accounts are designed for traders with different trading needs and experiences. The Standard account is suitable for all kinds of traders, while ECN and Professional Accounts are ideal for professional traders and traders with large trading volumes.

Besides, demo accounts and swap-free accounts are also available.

Leverage

Trading leverage varies depending on both trading instruments and trading accounts, with the maximum trading leverage on forex majors reaching up to 1:1000, which is considered high. More detailed leverage info is listed below:

Forex Majors: leverage up to 1:1000
Forex Minors: leverage up to 1:500
Metal: leverage up to 1:200
Cryptocurrencies: leverage up to 1:100
CFD Stocks: leverage up to 1:10

Since leverage can amplify gains as well as losses, investors are advised to choose the proper amount based on their trading style and risk tolerance.

Spreads & Commissions

Spreads & Commissions are determined by different trading accounts. The Standard and ECN Zero accounts are offering a zero-commission trading environment, with spreads from 3 pips, and 1.6 pips, respectively. The ECN account and Pro account offer more competitive spreads, accompanied by a commission for execution charged. With the ECN account, the minimum spreads start from 0.8 pips, with a commission of $1 fixed per side, and the Pro account offers the spreads from 0.3 pips, with a commission of $3 fixed per side.

Trading Platform

MTFXG offers its clients access to the leading MT4 trading platform, which can be accessed on any device. The MT4 trading platform is chosen by most forex traders and brokers around the world, featuring a user-friendly interface, a large number of technical indicators, charts opened up to 10, as well as EA (Expert Advisors) supported to help traders gain a favorable position in their forex trading journey.

Copy Trading

MTFXG offers copy trading to allow its inexperienced traders or beginners to trade easily with Pro traders strategies.

Trading Bot

MTFXG developed an M Future Bot for its clients to join the MTFXG trading bot community to earn profits with global users, which is easy to operate:

Select a trading strategy
Invest Funds
Start earning

Deposit & Withdrawal

MTFXG promises that it ensures a 24 x7 withdrawal application. Traders can make a deposit and withdrawal through multiple payment methods, including VISA, MasterCard, Skrill, Neteller, Bank Transfer, and Bitcoin. The minimum deposit is $100, while the minimum withdrawal amount is not disclosed.

Educational Resources

Some educational resources are also available with the MTFXG platform, which includes some forex basics like Forex Trading for Beginners, Forex Guide, Forex Basic, Forex Education, Forex Videos, as well as some trading tools, such as Economic Calendar, Daily Market Update, Forex News.

Customer Support

MTFXG says it offers 7 x24 customer support, and traders with any inquiries can get access to its customer care through the following channels:

Email: support@mtfxg.com

A Contact Form

Online Communication

Also, you can follow MTFXG on some social media platforms including Facebook, Instagram, Youtube, and Twitter.

Please note that the information contained in this introduction is for general information purposes only.

Forex trading Forex Broker

Related broker

No Regulation

MTFXG

Company name：MTFXG Services Limited

Score

1.49

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.49

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