MXC Forex Review
MXC Forex Review
Clients of MXC Forex have two account options: Micro & Standard accounts. Both of them offer commission-free trading, variable spreads and micro tradeable lots on the MetaTrader 4 platform.
Besides, swap-free (Islamic) services are available with MXC Forex on micro accounts.
In fact, the variable spreads offered by this broker are above average – starting from 2.5 pips on In comparison, another offshore broker, FxChoice, offers average spreads of 1.2 pips on its commission-free accounts. For further information and comparison, you may look up the real-time spreads of 15 leading brokers here.
As regards leverage, MXC Forex offers levels up to 1:500, which is considered as a high ratio. Nonetheless, many brokers offer leverage of 1:500 of higher. Bear in mind, however, that using higher leverage levels involves greater risk of losses.
The Company. Security of Funds
MXC Forex is an offshore broker founded in 2015 that offers trading in forex and commodity and metals CFDs on the popular MT4 platform.
The company behind the brand is MX Capital Corporation, which is registered as International Business Company (IBC) in St. Vincent and the Grenadines. SVG is a popular offshore forex destination due to the fast and inexpensive registration procedure and the liberal control over brokerage firms.
IBCs are not obliged to meet capital adequacy requirements, to keep client money in segregated accounts, nor to arrange a compensation scheme in the event of insolvency.
To cut things short, trading with an offshore broker is a risky business. You’d better invest your hard-earned money in a broker licensed in UK, Cyprus, or Australia for instance, where traders have certain level of protection and financial watchdogs apply strict requirements to financial providers and exercise supervision.
MXC Forex offers its clients the most popular front-end application in the forex industry – MetaTrader 4 (MT4, desktop and mobile versions available.
The MT4 Terminal is a perfectly equipped workplace that allows you to trade in the financial markets (Forex, CFD and Futures). It provides the necessary tools and resources to analyze price dynamics of financial instruments, make the trade transactions, create and use automated trading programs (Expert Advisors).
What is more, MXC Forex’s clients can use advanced copy trading options via accessing Mirror Trader Platform and Tradency’s latest offering, RoboX. Besides, Autochartist technical analysis is also available with this broker.
Methods of Payment
MXC Forex offers its clients the following payment modes: credit/debit card (Visa, MasterCard), bank wire transfer, and e-wallets Skrill, Neteller, CryptoPay and China UnionPay.
MXC Forex provides online trading services in forex and CFDs on two trading platforms, however we find its spreads too high. What is worse, none of the companies behind the brand is regulated.
MXC Forex Review Conclusion
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