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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: 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.
Author: Rana Date: 2020-11-03 02:19:48 (UTC+3)
I have been trading with MXTrade for two years, and I'm so pleased with their service. They provide a good service for the client. It's profitable trading with them. The platform has a good quality, works well, instant order execution, fixed spreads, real prices, and no slippage during my trades. The withdrawal process also fast and easy, it always successful within 3 hours. I have nothing to complain about MXTtrade. They always have a way to make my trading smoothly. They are professional broker, I highly recommend MXTrade to all traders.
Author: Almaz Date: 2020-09-30 03:37:04 (UTC+3)
What I love about MXTrade is their transparency. Their charts are always in-sync with the real market and they do not charge any hidden fees when transacting. I also appreciate that their leverage is flexible and reasonable. So far, I am doing really great with my trades and I was also able to withdraw my profit for the first time.
Author: Almaz Date: 2020-09-30 03:36:51 (UTC+3)
What I love about MXTrade is their transparency. Their charts are always in-sync with the real market and they do not charge any hidden fees when transacting. I also appreciate that their leverage is flexible and reasonable. So far, I am doing really great with my trades and I was also able to withdraw my profit for the first time.
Author: Larry Best Date: 2018-01-02 18:19:03 (UTC+3)
Never ever look for this fake broker.....they are super scammers, they will tell stories when make withdraw till ages you will never get you funds

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