MDX500 Review – Understanding the Offerings of this Broker
If you are looking for a solid way of earning money on your investment, there is no better avenue to explore than trading in the financial markets. First off, there is no shortage of opportunities as there are thousands of trading instruments that you can invest in and there is no one stopping you. You don’t need any prior education or any experience when you want to step into this world; all you need is some money to invest and a broker that can help you out. Indeed, having a broker is by your side is necessary because they give you access to the trading platform and tools you need for trading.
However, you should make it your priority to find a reliable broker and not just any broker you find. Yes, there is a difference between the two because not every broker will be able to give you all the services and features you require. It can be quite frustrating for you to discover at the end of the day that the broker you have opted for is not working out for you. Therefore, it is best to do your due diligence beforehand to save yourself from the trouble later on. One of the brokers that you can consider for your trading journey is MDX500.
This broker specializes in Forex and CFD trading, which allows you to invest in different market. CFD stands for Contracts for Difference, which means you trade contracts based on price movements of different assets rather than having to purchase the assets themselves. There is an opportunity to earn great profits through this form of trading, but does MDX500 live up to its claims? To understand this broker, it is necessary to check what they have to offer to you.
Read on to know:
- The assets that you can trade
First and foremost, you need to check what assets a broker is offering to you. After all, if your goal is to maximize profits, you want to have as much variety as possible. MDX500 allows you to trade an array of instruments at their platform through which you can diversify your portfolio. The broker enables traders to invest in the forex market, which includes numerous currency pairs, such as EUR/USD, GBP/USD, USD/CHF and USD/JPY. You can try your luck with indices like S&P500 or you can invest in bonds. There are also lots of commodities that can be traded, such as precious metals, agricultural products and natural energies. Most importantly, MDX500 has also added cryptocurrencies to their offerings and you can trade Bitcoin, Litecoin, Ethereum and more.
- The quick registration process
To use any broker’s trading services, you will first need to register with them and this also applies to MDX500. But, the good thing about this brokerage is that their registration process is quick. There are no multiple forms to be filled out or any other complicated requirements. To register, you just need to click on the option of creating account and it will open a single form. It asks for your first and last name, email address, phone number, country, postal code and password. You also need to choose one account currency i.e. either Euro or USD. Lastly, you need to agree with the broker’s Terms and Conditions and confirm you are 18 to be registered with them.
- The Active8 trading platform
Most brokers in the market either offer a web-based trading platform or the MT4 trading platform, but MDX500 has given you a different option in the form of Active8 trading platform. You have the option of downloading its desktop trader on your Windows device and enjoy access to a huge range of trading tools and features. You can get superior execution speed, risk management tools, real time data relating to price fluctuations, latest market news, along with advanced trading analysis. The platform is highly intuitive, which makes it easy to use for everyone, whether a newcomer or an experienced trader. You can also enjoy market execution and receive trading reports that give you an idea about your performance. A personal account manager is also provided to guide you on how to trade and manage your portfolio.
Apart from the desktop option, MDX500 has also added mobile apps for iOS and Android ecosystems to give their clients the opportunity of trading on the go. You don’t have to be tied down to one device and can have control over your trading accounts 24/7. Furthermore, the apps are also equipped with powerful tools that can allow you to trade profitably.
- Access to educational resources
An important thing to know about MDX500 is that the broker has spent some time and effort into compiling a horde of educational resources for their clients. These can come in handy because newbie traders can use them for understanding how trading works and how to get better at it. Even experienced traders will also find these useful because they can help them in developing new strategies and avoiding trading mistakes. These resources are available free of cost, allowing everyone to reap their benefits.
- The straightforward trading conditions
Perhaps, one of the most crucial aspects of a brokerage that you need to look into is their trading conditions. This is because these conditions can have a direct impact on your bottom line, determining how much profits you will be able to take home. At MDX500, you will not have to worry about commissions because the broker doesn’t charge any.
Instead, they offer very tight spreads that can help you in making the most from every trade. The spreads start at 0.0 pips, depending on the asset you are trading. In addition, the broker also offers impressive leverages, which gives you the opportunity of investing more. The higher the investment, the more you can ear. MDX500 is offering up to 1:30 leverage, which can give you great profits.
MDX500 can give you access to the essential features needed for a smooth and seamless trading experience.