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MDX500 Review – A Broker That Goes Beyond Ordinary in Everything

MDX500 Broker Rating
  • 9.6/10
    Overall Rating - 9.6/10
9.6/10

Summary

This broker has made everything crystal clear to you right from the start. There are no unnecessary commissions or hidden charges on the services of the broker. More importantly, you can deposit your funds using not only your credit cards, but a bank wire transfer and e-wallet option as well.

MDX500 Review

MDX500 logoHave you been trying to find a broker that can provide you with a lot of instruments and assets on the same trading platform? If yes, you have come to the right place. Today, I will tell you about a broker that can provide you with all of that and some more. There are not many brokers that serve you with all these requirements without making things difficult for you. But I can tell you that this broker really cares about its traders no matter which part of the world they are from. Every single feature that I have tested so far has proven to be trader-friendly.

But of course, I will not impose my personal opinion on you. I totally understand that you want to form your own opinion about the broker. For that, you will have to know more about the broker right? That’s exactly what I am going to do. I will give you all the details that you need about the broker and then let you decide on your own. So, the first thing I want to tell you is that I am talking about MDX500. If you have not heard about this broker before, you will read everything about it right now.

Broker             MDX500
Website https://mdx500.com/
Account Types Standard, Bold, VIP
Trading Platform MDX500 (Downloadable on Windows, Android, iOS)
Minimum Deposit $250
Asset Index Forex Baskets, Crypto, Commodities, Indices
Trading Tools Live Forex Market, Economic Calendar, Trading Strategies, Forex Indicators, etc.
Education Weekly trading sessions
Customer Support Phone and Email
Owned By Expand Solutions Ltd.
Website Language More than 100 languages
source: https://mdx500.com/ | MDX500
source: https://mdx500.com/ | MDX500

Knowing Everything about MDX500

·         A Proper CFD Broker

As a new trader, you have to know that you can’t really trade every instrument and asset of your choice just like that. There are only some brokers that can provide you with that facility. In fact, I have to say that there is a specific group of brokers that serves you with these requirements. These brokers provide you with CFD trading. That’s how you can trade all the instruments you want to trade from the same trading platform. So, before you sign up with MDX500, I have to tell you that this is a complete CFD broker that will provide you with the facility to trade all these assets in the form of CFDs.

What do you need to know about CFDs at this point? Well, the first thing you have to know is that when you are trading an asset, you are not really trading the asset. You will only be trading the contract of that asset, hence the name CFD (contract for difference). When you trade conventionally and in a traditional manner, you trade only one type of asset from the trading platform. If you want to trade other assets, you have to move to a different platform. Not to mention, you have the liability of selling the asset back because when you buy it, you buy the real asset. That’s not the case with CFD trading.

·         Leveraged Trading with Tight Spreads

One of the most important things that you should be searching for in an online broker is that you should be able to trade with leverages. Leverages allow you to increase your trade size because the broker that you have signed up with is contributing money in that trade. So, let’s say that your broker says that it has leverages of 1:20. So, when you enter a trade and put down $1, the broker will put down $20 for the same trade. When you put down another dollar, the broker will put down another 20 dollars. That’s how things are when you trade with leverage.

You will be glad to know that this broker offers you some great leverages on your trades. If you sign up with MDX500, you will trade some of the assets with leverages of 1:30. Yes, you spend only $1 and the broker will be stepping forward with $30 to help you increase the size of your trade. When you trade this way and succeed, you make a lot of money. Of course, the profit you make is contingent on the fact that you predict the price movement of the asset correctly.

Trade All Types of Assets With MDX500

·         Trade All Types of Assets

The broker has provided you with a trading platform and all the freedom that you need to trade your favorite assets. Perhaps, a broker like MDX500 can provide experienced traders with the perfect opportunity to trade and diversify their portfolios. Now, it does not matter if you have only been trading for a few days or if it is your first trade. The broker has taken care of all the matters for you already. So, are you considering trading in the conventional financial markets? If yes, you must be looking to trade the stocks from the biggest companies of the world. If that’s the case, you have plenty of options with this broker.

You have plenty of options also when you go for trading indices and commodities. You will find plenty of options within those asset classes when you are signed up with a broker like MDX500. Now, the most interesting part of me is the availability of cryptocurrencies on the trading platform. That’s something you expect only for brokers that specifically provide you with cryptocurrency trading services. However, that’s not the case with MDX500. This broker has brought some great digital assets on its trading platform along with many other. What has constantly surprised me about this broker is that it has not stuck with only a single crypto asset.

The broker is really interested in providing you the portal to enter your first cryptocurrency trade. So, whether you are considering trading the biggest Bitcoin, the second biggest Ethereum, Dash coin, Ripple, or Litecoin, you will not have to think about signing up with any other broker than MDX500. All of these cryptocurrencies are there for you to trade on the trading platform of this broker.

·         A Trading Platform for All Devices

Usually, you expect your trading platform to be available on all your devices only when the trading platform is web-based. What happens with a web-based trading platform is that it is installed on the computer of the broker. You can access the trading platform from your computer because it is there on the website when you open it. What it also means is that you will never have to download the software on your device. You just open the website of the broker and start using the trading platform. You can use this trading platform from anywhere in the world using any device of your choice.

However, this trading platform is never installed on your device and locally available to you when you need it. That’s when you look for a trading platform that you can download and install on your device. A software tool installed directly on your device is unmatched when it comes to speed. That’s what you are going to get when you sign up with MDX500. The broker has provided you with a trading platform that you can download on your desktop Windows computer if you want. However, if you like to trade the modern way i.e. on the go, you can go with the mobile version of the trading platform as well.

·         Three Accounts for Traders

The three accounts from the broker are some of the best that I have seen. I have been on the websites of many brokers while researching the best one. However, I have noticed in most cases that most brokers are trying to provide their traders with many different trading accounts. They try to show that they cater to the needs of many different types of traders. Apparently, whether you are trading for the first time or you have been trading for decades, you will find an account for your exact needs and requirements. But too many choices have always confused me.

I wonder why no online broker has been able to understand that. That’s something I thought should have been basic knowledge for any online broker. I think the only broker that I think has heard my voice is MDX500. This broker has provided you with only 3 different accounts, so you don’t find yourself lost in choices. These three accounts are quite different from one another. However, they are all within your reach with ease. You can go with the basic account, which the broker has named the Standard account, with a small amount of just $250.

The second on the list, which the broker calls bold account, is available to you if you can make an initial deposit of just $3000. Even the most expensive account demands nothing more from you than a small amount of $12000. The maximum leverage that you can get with any of these accounts is only 1:30. However, you will notice that the spreads are quite tight for someone who signs up with the VIP Account. Think about trading with 0.1 pips spreads. These are the tightest spreads you will get from any online broker providing you with legitimate trading services.

·         Islamic Account

So, you are interested in trading, but your religious beliefs have come in the way. Yes, that’s very true, not only for you but many other Muslims around the world. They want to trade and make money from the comfort of their homes, but cannot do that because the swap rates are not allowed in their religion. In that case, you want to find something that would allow you to trade in the financial markets still. Yes, the broker has provided you with just that. MDX500 has the Islamic account option included in every regular account.

You don’t have to sign up with a separate account when go with Islamic account. With this broker, you have the option of the Islamic account available with every type of regular trading account.

·         Deposit and Withdraw with No Difficulty  

This broker will not bother you in any way when you sign up with it and that’s what I loved about it when I tried it. Some brokers look great but you soon realize that they are not when you stay with them for some time. The biggest reveal usually takes place when it comes to depositing and withdrawing your money. While depositing or withdrawing your funds, you are asked to pay a lot of different types of fees. At the end, you feel as though all the profit that you earned on your trades has been taken away from you in the form of fees and commissions. That’s not going to be the case with MDX500.

This broker has made everything crystal clear to you right from the start. There are no unnecessary commissions or hidden charges on the services of the broker. More importantly, you can deposit your funds using not only your credit cards, but a bank wire transfer and e-wallet option as well.

·         Contact Customer Support

How much this broker cares about its traders is pretty clear from the languages the website is available in. Yes, I have seen brokers offering their websites in 12 languages. However, how many times in your life have you seen a broker offering you its website in more than 100 languages? That’s the sign of a truly international broker that addresses the needs of traders from all around the world. First, you have a web form that you can use to send in your queries. If you find an email to be more professional, use the email address on the website. If you can’t wait to get in touch, just go for the phone number.

Final Thoughts

There are dozens of other brokers that provide you with the same trading services on their websites. However, after trying a lot of them, I can tell you for sure that in most cases, they turn out to be making hollow promises. I never felt this about MDX500 since day one. The broker only promises what it can deliver. It provides you with safe and transparent services on a trading platform that will run on your computer, mobile, and tablet. What more could you expect from an online broker?

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