MediumFX -Some important Details about This Broker
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.
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