Overview of Mxfx global ltd
Mxfx Global Ltd, a company based in China and operational for 1-2 years, operates without discernible regulatory oversight, casting doubt on the security and legitimacy of its operations. This absence of regulatory supervision raises significant concerns for potential investors, who should approach engagement with this broker with extreme caution due to the elevated financial risks it presents.
The broker offers a range of trading instruments, including Forex Pair CFDs, stock indices, and futures products, catering to diverse trading preferences. While these options are available 24/7 and come with varying leverage levels, the lack of regulatory oversight may make traders wary of the platform's security.
Mxfx Global Ltd provides a single account type with limited descriptors and offers a mobile app for trading, accessible on iOS and Android devices. However, traders should exercise diligence when considering this platform, as its unregulated status raises questions about its overall reliability and trustworthiness in the financial market.
Pros and Cons
Mxfx Global Ltd offers leverage options, a variety of deposit and withdrawal methods, and low commission rates as notable advantages. However, it faces challenges such as a lack of regulatory oversight, limited differentiation in account types, longer processing times for wire transfers, limited contact options for customer support, and a lack of specific platform advantages.
Is Mxfx global ltd Legit？
Mxfx Global Ltd lacks any discernible regulatory oversight, raising substantial concerns regarding the security and legitimacy of its operations. Prospective investors should exercise extreme caution when considering engagement with this broker, as the absence of regulation exposes them to heightened financial risks.
Market Instruments
Forex Pair CFDs: Mxfx Global Ltd offers a range of Forex Pair CFDs, allowing traders to speculate on the relative strengths of different currencies. With over 50 spot and forward FX currency pair CFDs available, traders can engage in transactions involving popular pairs like EUR/USD and GBP/USD. The standard lot size is 100,000 base currency units, while the minimum batch size is 0.01 (equivalent to 1,000 base currency units), with a maximum batch size of 100 (equivalent to 10,000,000 base currency units).
Index Spreads: The platform also provides opportunities to trade on stock indices, which represent the economic performance of countries. Stock indices are groups of stocks that can be traded as single instruments. For instance, the DAX 30 represents the 30 best-performing companies in Germany, indicating the health of the German stock market. Mxfx Global Ltd offers low spreads, trading throughout the day, access to more than 14 indices, fast execution speed (average operating speed of 0.20 seconds), and leverage up to 1:100 for index trading.
Futures Products: Mxfx Global Ltd enables investment in popular futures products such as gold, silver, oil, and gas. Traders can engage in futures trading across various global indices. This type of trading provides the advantage of being accessible 24/7 with no restricted trading hours. Additionally, futures products benefit from market volatility in diversified sectors, and they are traded globally, including in the United States, Europe, and Asia.
Account Types？
Mxfx Global Ltd offers a single account type with no specific descriptors provided.
How to Open an Account？
To open an account with Mxfx Global Ltd, follow these simple steps:
Visit the Mxfx Global Ltd website.
Locate and click on the “Open Account” or “Sign Up” button.
Provide your email address as the initial step of the registration process.
Follow the instructions in the email you receive from Mxfx Global Ltd to complete your account registration.
Provide any required personal information and financial details as requested during the registration process.
Review and accept the terms and conditions of the account.
Verify your identity as per the platform's verification procedures.
Once your account is approved and verified, you can start trading with Mxfx Global Ltd.
Leverage
Mxfx Global Ltd offers a variety of leverage options on a variety of trading instruments. The maximum leverage available is 1:500 for major currency pairs, 1:300 for minor currency pairs, 1:200 for commodities, and 1:100 for indices.
Spreads & Commissions
Mxfx Global Ltd offers variable spreads and commissions on its trading platforms. Spreads on EUR/USD start from 0.7 pips, while commissions are charged at a rate of $0.10 per 1,000 units traded.
Deposit & Withdrawal
Mxfx Global Ltd offers a variety of deposit and withdrawal methods, including credit/debit cards, wire transfer, and e-wallets. The minimum deposit amount is $100, and the minimum withdrawal amount is $50. Deposits are processed instantly for credit/debit cards and e-wallets, and within 1-2 business days for wire transfers. Withdrawals are processed instantly for e-wallets, and within 1-2 business days for credit/debit cards and wire transfers.
Trading Platforms
Mxfx Global Ltd offers a mobile app compatible with iOS and Android devices, providing traders with the ability to access their accounts remotely. The app features live streaming quotes, interactive charting tools, technical indicators, order management capabilities, as well as news and analysis resources to assist traders.
Customer Support
Mxfx Global Ltd offers customer support through email at info@mxfx-global.com and is reachable at their physical address: FLAT/RM B5/F GAYLORD COMMERCIAL. These contact details serve as the primary means for customers to get in touch with the company for inquiries and assistance.
Conclusion
In conclusion, Mxfx Global Ltd presents a mixed picture of advantages and disadvantages. On the positive side, the broker offers a variety of market instruments, including Forex Pair CFDs, index spreads, and futures products. They also provide access to a mobile trading app for iOS and Android devices. However, notable disadvantages include the absence of regulatory oversight, which raises concerns about the security and legitimacy of their operations. Additionally, Mxfx Global Ltd offers only a single account type with limited information, and their customer support options are limited to email communication. Prospective investors should exercise extreme caution when considering engagement with this broker due to the elevated financial risks associated with the lack of regulation.
FAQs
Q: Is Mxfx Global Ltd a regulated broker？
A: No, Mxfx Global Ltd lacks regulatory oversight, raising concerns about its legitimacy and security.
Q: What trading instruments are offered by Mxfx Global Ltd？
A: Mxfx Global Ltd offers Forex Pair CFDs, stock index spreads, and futures products like gold, silver, oil, and gas for trading.
Q: How can I open an account with Mxfx Global Ltd？
A: To open an account, visit their website, provide your email, complete registration steps, provide necessary information, accept terms, verify your identity, and start trading.
Q: What is the maximum leverage available at Mxfx Global Ltd？
A: The maximum leverage varies, with 1:500 for major currency pairs, 1:300 for minor currency pairs, 1:200 for commodities, and 1:100 for indices.
Q: What are the deposit and withdrawal methods at Mxfx Global Ltd？
A: Mxfx Global Ltd offers various methods, including credit/debit cards, wire transfer, and e-wallets, with a minimum deposit of $100 and a minimum withdrawal of $50.
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