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MXTrade Reviews and User Ratings

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  • Information
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  • Review score

MXTrade Special Bonus


Special Deposit Bonus

Get 100 percent Bonus on first deposit.

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MXTrade General Information


Broker Name
MXTrade
Established
2014
Country
Belize
Min Deposit
$250
Max Leverage
1:400
Regulation
IFSC
Email
cs@mxtrade.com
Telephone
+442031294080
Fax
-
Website Language
English, Chinese, French, Russian, Arabic, German, Italian, Japanese, Portuguese, Espanol
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Yandex Money, WebMoney, Skrill, Neteller, Alipay
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Yandex Money, WebMoney, Skrill, Neteller, Alipay

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Description


MXTrade Background

MXTrade has been in the business of Forex trading since 2014, being a subsidiary company of Lau Global Services Corporation. Working with customers in over 140 countries, they specialize in the most popular and developed trading technologies in the industry, and cater to clients both in retail and institutional settings.Our initial impression of their website was that they offer many ways to manage your trading account, either via your computer or through your cell phone. They have Mac OS, iOS, Linux, Windows, and Android compatibility so it is almost guaranteed that you can manage your account wherever you are, and with whatever devices you have at your disposal. They also have 24 hours customer service specialists available to assist you at any time.

Features of MXTrade

One of the greatest features at your disposal with MXTrade is the 100% deposit bonus with your first deposit – that is, the first time you deposit funds into your trading account ($250 minimum) they will match it 100%. Obviously they can’t guarantee your success with trading as there are many factors involved, but they are one of the Forex traders who allow a demo account so that you may “test the waters” before you commit to any spending and risks. They also have a wonderful customer service team who was eager to answer our questions, even though we had simply set up a demo account for the purposes of this review. We believe traders are more eager to spend  money with a company, who is willing to help before have given them any money, aren’t you? Given the efficiency of their customer service agents at handling our simple questions before starting, we would say that they would only be more eager when it comes to dealing with actual money involved – they want your business, and they do a wonderful job of securing it.

Conclusion

Overall, MXTrade is a valuable asset for anyone who is interested in starting their Forex trading empire, as long as you are not based in the United States. (Clients in the United States are still eligible for a demo account, though.) They will help you learn the methods of trading that work best for you, and they will eagerly help you every step of the way.

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Video


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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros and Cons


PROS:
  • MXTrade offers educational courses to help you learn how to trade effectively.
  • They have a wonderful customer service team and an easy-to-navigate website.
  • MXTrade also offers demo accounts for those who are unsure of their potential when it comes to Forex trading.
  • They provide all of their content and support in 19 different languages, with some features available in other languages as well.
  • MXTrade gives full company transparency through their “about” page, and they allow you to easily manage your account at any time.
  • And, possibly most importantly, they offer a wide selection of assets to trade (over 200 trading instruments).
CONS:
  • They don’t allow scalping (which is generally considered a rude practice in the first place), and they don’t accommodate US-based traders for their full features.
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Account Type


  • Minimum Account Size: $250
  • Spread: Low/ Float
  • Trading Instruments: Forex, Metals, Oil, Gold, Indices, CFDs, Stocks
  • Trading Platforms: MT4, MX Android Trader, MX Iphone Trader, MX Tablet Trader, MX Web Trader

  • Minimum Account Size: $5000
  • Spread: Low/ Float
  • Trading Instruments: Forex, Metals, Oil, Gold, Indices, CFDs, Stocks
  • Trading Platforms: MT4, MX Android Trader, MX Iphone Trader, MX Tablet Trader, MX Web Trader

  • Minimum Account Size: $20,000
  • Spread: Low/ Fixed
  • Trading Instruments: Forex, Metals, Oil, Gold, Indices, CFDs, Stocks
  • Trading Platforms: MT4, MX Android Trader, MX Iphone Trader, MX Tablet Trader, MX Web Trader

  • Minimum Account Size: $100,000
  • Spread: Low/ Fixed
  • Trading Instruments: Forex, Metals, Oil, Gold, Indices, CFDs, Stocks
  • Trading Platforms: MT4, MX Android Trader, MX Iphone Trader, MX Tablet Trader, MX Web Trader

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MXTrade Review Score


MXTrade Reviews and User Ratings
7.8 Total Score
9 reviews
Add your review
Web Design
8.1
Reliability
8.3
Platform
8.1
Customer Support
7.4
Withdrawal
7.1
Broker Name
MXTrade
Established
2014
Country
Belize
Min Deposit
$250
Max Leverage
1:400
Regulation
IFSC
Email
cs@mxtrade.com
Telephone
+442031294080
Fax
-
Website Language
English, Chinese, French, Russian, Arabic, German, Italian, Japanese, Portuguese, Espanol
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Yandex Money, WebMoney, Skrill, Neteller, Alipay
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Yandex Money, WebMoney, Skrill, Neteller, Alipay
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
MXTrade Reviews and User Ratings
7.8 Total Score
9 reviews
Add your review
Web Design
8.1
Reliability
8.3
Platform
8.1
Customer Support
7.4
Withdrawal
7.1

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9 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    Yokuya Kubo
    June 8, 2016 at 7:00 am
    4.6
    Web Design
    100
    Reliability
    90
    Platform
    100
    Customer Support
    80
    Withdrawal
    90

    Mxtrade is way ahead other online brokers out there, they provide a clear and powerful mt4 platform which is not only compatible on computers but is also available on mobile, I am actually opening and closing my positions using my tablet since I am always out o town. The metatrader works fine and i have to commend very quick executions. Kudos mxtrade!

    Personal Recommendation
    Fellow traders out there must try this broker, they’re really doing a great job!

    Helpful(0) Unhelpful(0)You have already voted this
  2. Reply
    Yokuya Kubo
    March 3, 2016 at 8:30 pm
    4.6
    Web Design
    100
    Reliability
    90
    Platform
    100
    Customer Support
    80
    Withdrawal
    90

    Mxtrade is way ahead other online brokers out there, they provide a clear and powerful mt4 platform which is not only compatible on computers but is also available on mobile, I am actually opening and closing my positions using my tablet since I am always out o town. The metatrader works fine and i have to commend very quick executions. Kudos mxtrade!

    Helpful(0) Unhelpful(0)You have already voted this
  3. Reply
    andrei
    January 8, 2016 at 2:59 pm
    2.5
    Web Design
    50
    Reliability
    50
    Platform
    50
    Customer Support
    50
    Withdrawal
    50

    Hi All

    I worked with MXTRADE. I was affiiate . I promoted this scam forex broker on my websites.

    They do not paid me my affiliate commission over 180,000$ and they do not paid my customers, too, when they asked cash out of the profits.

    Do not invest money and time on this scam broker

    Helpful(0) Unhelpful(0)You have already voted this
  4. Reply
    Warren flake
    May 9, 2015 at 5:44 pm
    4
    Web Design
    80
    Reliability
    90
    Platform
    80
    Customer Support
    80
    Withdrawal
    70

    I tried trading in MXTrade since I had experienced gaining profit before but this time I have a personal broker that will work with me. Upon the successful deposit, my broker called me the next day unfortunately I wasn’t able to get her calls since I’m busy at the moment. Then, she called me again and we started executing trades, as of this moment I was surprised that my profits are really making results! However, I’d like to deposit more in order to gain bigger profit, I can’t wait to trade again with my broker!

    Personal Recommendation
    start trading now

    Helpful(0) Unhelpful(0)You have already voted this
  5. Reply
    Peter Collins
    April 30, 2015 at 2:40 pm
    4
    Web Design
    80
    Reliability
    90
    Platform
    80
    Customer Support
    80
    Withdrawal
    70

    1. I’m one of MXtrade’s traders for 9 months and I haven’t got any complaints about it. Positive feedbacks are fast withdrawals, I’ve made several ones. My broker gets 5% commission from my clean profit, and he’s very professional where I learned a lot from his strategies. I experienced different broker with rival companies before and some pushed me to put more money. On my last trade, I refused. What my broker did is he never contacts me again and I just made withdrawals for 2 times. I found out the company is a scam.

    Personal Recommendation
    try opening a demo account with mxtrade

    Helpful(0) Unhelpful(0)You have already voted this
  6. Reply
    Clarisse Beauregard
    March 5, 2015 at 3:19 pm
    4.8
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    90
    Withdrawal
    90

    A friend of mine referred me to the company Mxtrade because he knows that I need secondary income, with my kids growing up, I really need to have one. One of their account managers called me up to discuss further and told me about the different benefits I can actually get from the company, but of course, I need to invest something to start with.

    Personal Recommendation
    Good services!

    Helpful(0) Unhelpful(0)You have already voted this
  7. Reply
    kimberly chan
    October 10, 2014 at 7:22 pm
    4
    Web Design
    90
    Reliability
    90
    Platform
    80
    Customer Support
    80
    Withdrawal
    60

    I highly recommend you to try trading with mxtrade. They will help you earn money and protect you from losing because they have good brokers. The account manager they provided me with, Alan, was very approachable unlike those of other companies. Some are very arrogant and only with mxtrade I had good and reliable account manager. Very nice. I think other online trading companies should set mxtrade as an example.

    Helpful(0) Unhelpful(0)You have already voted this
  8. Reply
    Fx Robert
    September 9, 2014 at 8:25 am
    2.5
    Web Design
    50
    Reliability
    50
    Platform
    50
    Customer Support
    50
    Withdrawal
    50

    I use MXTrade trading broker that is an ECN trading platform. I see that I always get real price of market from this ECN trading platform. In addition, this regulated trading platform also avoid all kind of technical errors that’s way, I get best trading environment from MXtrade trading platform. So, I suggest you to use ECN trading platform.

    Helpful(0) Unhelpful(0)You have already voted this
  9. Reply
    Natalie Taft
    March 3, 2014 at 1:00 pm
    4.2
    Web Design
    80
    Reliability
    100
    Platform
    90
    Customer Support
    80
    Withdrawal
    70

    1. My experience with MXTrade, compared with other brokers, is better. MXTrade offers good leverage options 1:400. I got my 100% bonus for my initial deposit as well! With regards to withdrawals, there is a bit complicated process but my account manager advised me well and guided me with the procedure. The good thing about MXTrade is that it is available in MT4 platform and I can also access my account through my iPad. Very good broker, it’s just sad that it’s not available for US clients.

    Personal Recommendation
    it would be better if mxtrade will increase its leverage options, but 1:400 is already good

    Helpful(0) Unhelpful(0)You have already voted this

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