MDX500 Broker Summary
- Overall Rating
The broker offers Contract for Difference (CFD) trading, which allows you to trade indices like S&P 500, FTSE 100 and Dow Jones via its platform. With the combination of all of their best features and services, MDX500 is capable of helping traders in achieving the trading goals they have outlined.
For years, you have been hearing about people making their fortunes in the trading markets, but they were considered off-limits for people who didn’t have a proper understanding, experience and capital. When online trading became a trend, it became obvious that these were mostly just misconceptions because the financial markets are ready to welcome anyone. Sure, there are high risks involved, but the rewards can be equally high. The market is rife with opportunities and you can find trading instruments that suit your risk appetite. You don’t need to be a financial expert, have years of experience and extensive knowledge or a massive amount of money to invest.
While all of this does make trading very appealing, you have to understand that some things do make a difference. The most important one of them all is the broker you will use to start online trading. Finding a broker is a must because they will give you access to the financial markets. Thus, if you want to easily achieve your trading goals, you need to find a broker that can facilitate you. This task is considered challenging, not because you have too few options, but because you have too many.
The numbers of online brokers have gone up quickly, which means you will find hundreds of brokerages to explore when you want to trade. How will you ever pick one? The key lies in doing your due diligence and finding out what a broker is capable of. MDX500 is one of the numerous brokers operating in the market and it specializes in forex and CFD trading. Owned and operated by BlueData OU, the broker has a solid reputation because it is registered and licensed by the Financial Intelligence Unit in Estonia. How will you access its services? Let’s find out:
MDX500- Completing your registration
Registering with a brokerage is the first step you take in order to enter the trading markets. This often seems daunting to people because some brokers have very lengthy requirements to be fulfilled. You will not find anything of this sort at MDX500. They have only one registration form on their website that you have to complete. It is quite straightforward because it asks for your first and last name, phone number, address, country of residence, along with an email address and a password. You should also select the currency you want to use, whether it is GBP, EUR or AUD. In addition, the broker requires you to be at least 18 to sign up and go over their Terms & Conditions and agree with them.
The form will be complete and you will be registered immediately, allowing you to access their services.
MDX500 – Checking their trading platform
Since it is the primary feature of a brokerage, the first thing you should do is look at what trading platform you will find at MDX500. The broker has integrated the Active8 trading platform, which is quite well-known because of its impressive offerings. Downloadable within minutes on your Windows device, the trading platform enables traders to execute trades instantly and can be navigated without any problems. The platform is not complex in itself and supports multi-asset trading. The broker has added a wide range of technical and fundamental analysis tools to help with the trading process.
It allows you to keep up with the financial markets via live news, get trading indicators and signals for making decisions, use advanced charts, including pricing charts and an economic calendar. You can also find a copy trading feature that allows you to copy the trades of other, more skilled traders. Along with this trading platform, MDX500 has also given its clients the option of using Android and iOS apps for trading via their mobile devices. This empowers them to monitor the market 24/7, no matter where they are and take advantage of even the tiniest market movements.
MDX500 – Exploring their trading products
You know how you can trade, but you also need to know what you can trade. This means taking a look at what trading products the broker is offering to you. With MDX500, you will not be disappointed, especially if your aim is to diversify your portfolio for achieving your trading goal of maximum returns. It is a forex broker, which means that you can trade in the world’s biggest markets without any problem. It offers you a huge number of currency pairs for trading including popular ones like EUR/USD and GBP/USD. But, there are other offerings that you will also come across.
The broker offers Contract for Difference (CFD) trading, which allows you to trade indices like S&P 500, FTSE 100 and Dow Jones via its platform. You can find soft and hard commodities, such as precious metals, natural energies and agricultural products. Along with these options, you will also be able to trade one of the hottest trading products i.e. cryptocurrencies. Bitcoin, Litecoin, Ripple and Ethereum are just some of the options you will be able to explore.
MDX500 – Weighing the support options
During the trading process, you will require support at one point or another, especially if you are a newbie. In this situation, you want to get help as quickly as possible, so you can resume your trading without any problems and not miss any profitable trading opportunity. Keeping that in mind, MDX500 has added various channels through which traders can get the support they need. Firstly, you will find an FAQ section on their website, where they have provided answers to a horde of questions that traders usually have.
If you don’t find your answer there, you can get in touch with their support team by sending them an email or giving them a call on the number provided. There is also an online contact form on their website for you to fill out. The agents will get back to you quickly and resolve your issues.
With the combination of these features and services, MDX500 is capable of helping traders in achieving the trading goals they have outlined.