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MedFX

South Africa|2-5 years|
Regulated in South Africa|Suspicious Regulatory License|MT5 Full License|Regional Brokers|South Africa Financial Service Corporate Revoked|Suspicious Overrun|High potential risk|

https://medbondforex.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
MedBondMarkets-Live MT5
Server Location United States

Contact

+27 87 897 5661
info@medbondforex.com
https://medbondforex.com/
434 Bramble Street, Waterkloof Glen, Pretoria, Gauteng, 0181,South Africa.

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+27 87 897 5661

English

+852 22551 1540

Broker Information

More

Company Name

MedFX

Company Abbreviation

MedFX

Platform registered country and region

South Africa

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-04-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • South AfricaFSCA (license number: 48544) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

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MedFX · Company Summary

General Information & Regulation

MedFX was established in 2013 by a group of investment bankers and insurance team to provide investors with market trading services. MedFX is authorized and regulated by the FSCA in South Africa, regulatory Number: 50113. However, this license is suspected to be over-limit operation.

Market Instruments

Tradable financial trading assets MedFX offers to investors include forex currency pairs, spot metals, CFDs, and indices.

MedFX Minimum Deposit

To meet the needs and trading experience of different investors, MedFX offers three different types of trading accounts: Standrad, Professional, and Privilege. The minimum deposit to start the Standard account is $500, much higher than sector standards. Most brokers only requires an initial deposit of $100-$200.

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MedFX Leverage

When it comes to the trading leverage, the maximum trading leverage offered by MedFX is up to 1:200. Inexperienced traders are not advised to use high leverage in case of heavy fund losses.

Spreads & Commissions

Spreads and commissions vary from different account types. The spread on EUR/USD pair start from 1.6 pips, same as that in the Privilege account. The spread on the EUR/USD pair in the Professional account is from 1.2 pips, no additional commissions charged for forex trading on these three accounts.

MedFX Trading Platform

MedFX offers traders the most popular trading platform on the market today, MT5, as well as MT5 Web, Desktop, Android, and iOS versions. MT5 offers more powerful features than MT4, in addition to better functionality and trading features than many other online trading platforms available today. With MT5, MetaQuotes software increases the number of available technical analysis tools and provides more charting and timeline options. Problems such as limited types of pending orders and the inability to separate or quickly ask/purchase with a few clicks have been eliminated, and trading is made easier and smoother with the additional for-traders feature.

Deposit & Withdrawal

MedFX supports traders to deposit and withdraw funds to their investment accounts via wire transfer, CoinPayments, Bitcoin Payments, Neteller, and Rapyd payment methods.

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喝豆奶的猫
more than one year
Here let me tell you the truth, demo trading environment is totally different from real trading environment. For instance, spreads on eur/usd pair can reach up to 30 pips when you starting real trading. besides, they don’t care about your losses, stop-loss not work at all.
2023-03-06 11:45
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You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
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