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Independent rating of Forex broker MXTrade

3/10 (votes 100)

On-line since
2014
Country of origin
Belize
Regulation
IFSC
Payment options
Visa and MasterCard bank cards, Skrill, CashU, Neteller, UnionPay, wire transfers
Minimum account size
$250
Minimum lot size
0.01 lot
Leverage
1:400
Spreads
from 1.5 points
MXTrade is a trade name of Lau Global Services Corporation, which offers customers a wide range of financial services. MXTrade provides its clients with services for online trading on the forex, stock, and commodity markets. The company works with both private and institutional traders in over 140 countries all over the world.
The company’s activity is regulated by the International Financial Services Commission (Belize). Clients of the broker gain access to various trading instruments, including currency pairs, metals, CFDs on gold and silver, indices, futures, and shares. Trade is performed through the MetaTrader 4 platform.
MXTrade provides traders with an opportunity to open a live trading account or a demo account. The latter enables novices to test their trading strategies with no risk to lose their funds. Besides, the broker offers its clients Islamic account, which differs from others in that there are no swaps or rollover interests charged for overnight positions.
Advantages of trading with MXTrade:
  • Competitive low spreads thanks to ECN execution technology
  • Flexible leverage up to 1:400
  • Rejection-free NDD execution
  • Over 250 trading instruments
  • Built-in social trading
  • No extra commissions charged

Comments

Author: Edison Date: 2024-02-05 12:36:13 (UTC+3)
MXTrade is a losing machine, as I placed an order of .10 lot size with a Stop Loss at 15 pips distance and the platform executed that Stop Loss at 26 pips, and I lost $248 just in a few hours. Immediately l make a call to their customer center support but they refuse to adjust this loss. This fault is not from my end so why should I take liabilities? How I can get my money back from the MXTrade broker? I have a screenshot in my trades. Please help me!
Author: Ganno Date: 2022-06-30 07:21:30 (UTC+3)
MXTrade broker's MT4 platform is awesome! Here I can trade forex, CFD, gold or silver on one platform. Also, I got the fastest execution in the real-time market quote, where no negative requotes and widens spread. The platform is friendly too and a lot of tools are included on the platform. So I can trade actual positions and the tools, indicators and expert signals make it easy to make a decision. I have earned almost $1k profit and till now I didn't experience any harassment on my profit withdrawal via Skrill payment system. Really I am satisfied with the service and payment with MXTrade broker.
Author: Ruddy Date: 2022-02-18 06:36:24 (UTC+3)
MXTrade broker has proven that they are a reliable broker. They have helpful information provided by the broker. I joined them 6 months ago, and from the beginning itself, I felt satisfied with their services. After that, I started to trade with them, and I found their trading platform is really easy to customize and has a good trading condition for traders. It's so pleasant to trade with them because the platform works perfectly and stable. Overall, I like my trading experience with MXTrade broker. Besides, they are a well-regulated broker.
Author: Oppy Date: 2021-10-29 02:36:13 (UTC+3)
I'm very satisfied with MXTrade till now. I have traded with MXTrade account for 6 months, with professional service, and just made another withdrawal last week through Skrill. My withdrawal was rejected and I contacted the MXTrade support manager to urge it. They told me I need to confirm withdrawal through an ID card, which I did, in less than 30 minutes, I got my money. I have really enjoyed MXTrade services, I recommend this broker.
Author: Reyad Date: 2021-09-10 03:42:27 (UTC+3)
MXTrade has been my broker for quite a while now. They have been very consistent in providing excellent services from the demo accounts to real account. They are also efficient in processing payouts.
Author: Charlie Date: 2021-06-25 05:41:20 (UTC+3)
Since the beginning, I realized that this broker is well organized, especially with deposits and withdrawals because this point is very important for me. I started with a deposit of $250 because the minimum to start with and I saw my first earnings in just two weeks. Spreads are narrow, I tried EUR/USD and spreads range from 1.5 pips, which is very ideal. When I made a withdrawal request by credit card, I realized that this process didn’t take more than 6 hours. My money was sent very fast! Execution of deals is very fast and with this broker, requotes don’t exist.
Author: Dejan Date: 2021-05-20 06:59:12 (UTC+3)
I traded at MXTrade for a year but I have already closed my account because I needed to use my funds on other matters. My experience at this broker was amazing. They processed my withdrawal request with urgency and I got the money within just 48 hours. The employees of this broker were very kind and understanding.
Author: Danielo Date: 2021-02-25 01:51:55 (UTC+3)
Trading with MXTrade for over a year now, and I'm still pleased with their services. I have experience with other brokers, and I can say that MXTrade is one of the best. I opened an account with a $250 initial deposit, and my first withdrawal was after 3 months of trading of $550. Since then my profit has improved and become stable to $400 per month. I trade with them for Gold and some currency pairs EUR/GBP, USD/GBP, and USD/CAD. I never had re-quotes, and the spread keeps stable even during volatility times. I would highly recommend MXTrade to all traders. MXTrade is a reliable broker.
Author: Lindsey Date: 2021-01-25 05:05:32 (UTC+3)
Four months ago, I started an account at MXTrade. I used my Visa card to fund my trading account and the transaction is fast. It is good that they have various options for funding as it makes the transaction more convenient. In terms of trading, I can say that this broker offers amazing services. I haven't encountered and problem yet so far.
Author: DessyFX Date: 2020-12-03 08:09:54 (UTC+3)
As a many MXTrade broker’s client, I have also experienced their MT4 platform disconnects problem. My MT4 platform disconnects many times in a day. For last 20 days, there are several incidents where I cannot connect to the live server. However, my biggest objection is that MXTrade became real stop loss hunters. Once they charge 36 pips spreads on GbpUsd pair. I will remove my money from here and I'll go somewhere else.

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