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The WikiFX Score of this broker is reduced because of too many complaints!

MXC Group

Malaysia|5-10 years|
Regulated in Malaysia|Suspicious Regulatory License|MT4/5 full license|Regional Brokers|Malaysia Straight Through Processing(STP) Revoked|High potential risk|

https://mxcforex.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
MXCapitalCorporation-Demo MT4
Server Location Germany

Contact

+60 87599257
customercare@mxcforex.com
https://mxcforex.com/
14th Floor, Main Office Tower, Financial Park Labuan Complex, Jalan Merdeka, 87000 Labuan F.T., Malaysia
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+60 87599257

Broker Information

More

Company Name

MX Capital Financial Limited

Company Abbreviation

MXC Group

Platform registered country and region

Malaysia

Company website
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Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-03-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

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MXC Group · Company Summary

General Information & Regulation

MXC Forex was founded in 2015, is owned by MXC Group of Companies which comprised of : MX Capital Financial Limited (LL14278) which is registered and licensed by Labuan Financial Service Authority - Malaysia, with regulatory license number MB/18/0021.

Market Instruments

MXC Forex provides investors with financial tradable instruments, including Forex currency pairs, metals, crude oil, energy, and cryptocurrencies.

Accounts & Leverage

MAC forex offers its traders four trading accounts in total: Standard, Gold, Perfect and VIP accounts. All four accounts require an intial deposit of $10 as a start.

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Minimum Deposit

Trading leverage vary depending on various trading accounts. The Gold account offers the highest leverage level, reaching up to 1:500. The other three accounts offer the same account of up to 1:100.

Spreads & Commissions

Spreads and commissions conditions differs in light of trading accounts. The EURUSD pair in the gold account start form 0.5 pips, with certain commissions involved. the EURUSD pair in the perfect account start from 2 pips, commissions required.

Trading Platform

MXC Forex offers traders the most popular and cutting-edge trading platform in the forex trading industry - the MT4 trading platform. With a user-friendly interface, the MT4 trading platform allows traders to easily access the forex, CFD, and futures markets, providing the necessary tools to analyze market price dynamics and help traders develop the proper trading strategies to achieve a leading position in the financial markets.

Deposit & Withdrawal

MXC Forex supports traders to deposit and withdraw funds from their investment accounts through various conventional methods, such as VISA, & MasterCard, Bitcoin, Wire Transfer, NETELLER, Skrill, China UnionPay, Alipay, PayPal, Perfect Money. Traders who deposit or withdraw funds via VISA & MasterCard pay a 4% commission, while those who withdraw funds via Bitcoin pay a 5% fee. Traders who deposit via NETELLER pay a 5% + $0.29 fee and a 2% fee for withdrawals. Users pay 5% for deposits and 1% for withdrawals via Skrill, 4% for deposits and withdrawals via PayPal, and 3% for deposits and withdrawals via Perfect Money.

User Reviews

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3

Comments

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Bob13374
more than one year
Terrific platform! I should have done more research in advance. Now your website can't be opened either! Fortunately, I only invested a few hundred dollars, and from then on I have to be very careful when choosing a forex trading company...
2022-11-30 18:18
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0
0
A衍飘
more than one year
MXC Group’s official site states that it is under maintenance and it will be back to normal tomorrow. Can I trust them? I don't know why I have a very bad sense, I feel that they may have run away. Anyway, I'll check their website tomorrow to get the money out of my account.
2022-11-28 15:10
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0
0
more than one year
If I could give 0 star rating I would! Their support team are just so rude. I basically can no longer access my account, I traded with them once and that was it all! I opened an account on this platform a month ago and found there were too many errors. Then, I asked to close my account, followed the protocol they instructed and was never answered. I chatted several times again, still no one answered me. The funding process is troublesome and requires a lot of work… In a word: just choose thi
2022-11-28 11:47
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