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MXC Forex Review - Is it scam or safe?

MXC Forex Review - is mxcforex.com scam or good forex broker?

RATING: 1.3 / 3 REVIEWS ForexBrokerz MXC Forex
MXC Forex is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

 

Trading account Minimum deposit Min. trade size Maximum leverage Spreads
Micro $50 0.01 1:500 From 2.5 pips
Standard $1000 0.01 1:200 From 2.0 pips

 

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.

 

Trading Platform

 

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.

 

Conclusion

 

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. Here are, in a nutshell, the pros and cons of MXC Forex:

           

 

Pros Cons
MT4 available, advanced copy trading options Not regulated
Commission-free trading High spreads
High leverage levels available  

 

Latest news about MXC Forex
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Traders` reviews for MXC Forex

Spread

Pros

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Slippage

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Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

mxcforex.com delete my trading account, denying my profit,reset the trade account and blasting me a fraud against them

www.mxcforex.com delete my trading account,denying my profit,reset the trade account and blasting me a fraud against them.

this broker is quite tricky since they will delete the proof of trading.disable the mt4 and freeze all deposit.high potential big scam broker.

new trader/investor please avoid!!





Jun 29, 2017 - 1 Star this broker will against me for the case deleting my mt4 tradng account and denying my profit. but then comes activate again with just all my initial deposit there.
the profit is gone all.

my mt4 account has been deleted and my profit is all now gone.
mt4 trading account number 213420

the broker try to make argument with me as the history was deleted and denying my profit at reason the trading account is active now "reset".

i am going to fight at the case untill this sort out.very cruel of stealing trader's money.

please avoid and take necessary action if you have investment here.

mohd Azru 07/20/2017

scam for sure

one of their director is part of the money game scam business in Malaysia

jasmine 05/11/2017
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