MDX500 Review – Has Trading Been Ever This Interesting?
To be able to find a great broker for all your trading needs is nothing less than a blessing. When you look at the online world, you will find hundreds of online brokers. They offer you similar services and provide you with a trading platform that allows you to enter many financial markets. On the surface, they all might seem the same, but at the core, they are pretty different from each other. Not every broker understands the needs of the traders. The ones that do always excel and get the attention of traders not just from their countries but also from around the world.
So, if you are looking for a great broker for a great trading career, you can give a shot to MDX500. This broker has made trading interesting for its hundreds of thousands of traders from all around the world. You can tell that this broker understands the needs of the traders when they start trading. It gives them exactly what they want at a price that they can afford. The trading flexibilities, safety policies and protocols combined with big leverages make this broker one of the best out there. Let’s get into this detailed MDX500 review and find out how this broker makes trading interesting for traders.
MDX500 – Every Feature That’s Great
· The Trader-favorite CFD Trading
MDX500 is an online broker that provides you with its trading platform so you can trade CFDs. If you don’t know, CFD trading is one of the most favorite ways of trading for traders from all around the world. New and experienced traders love this format of trading alike. They love how this format of trading offers them all the flexibilities they are looking for. Not to mention, they are not bound to a particular market when they trade CFDs. If you are new to the trading world, you might want to know what CFD trading is all about. CFD is short for Contracts for Difference.
When you trade contracts, you are only trading the contracts and not the assets. So, when you trade with MDX500, you will be trading CFDs of the assets that you see on your trading platform. When you trade, let’s say, a stock from a major company, you will not get the ownership of that stock. You will only own the contract of that asset. The best thing about this form of trading is that it allows you to be in many financial markets at the same time. In traditional trading, if you are trading stocks, you are only trading in the stocks exchange. If you choose to trade forex, you only trade in the foreign exchange.
However, when you choose to go with CFD trading, you will be trading in many financial markets at the same time, including forex and stock exchange. In addition to that, the broker will allow you to get leverages on your trades so you can enjoy some big trades and big profits. That’s something you don’t get to enjoy with many other formats of trading.
· A Platform for Computers and Mobiles
You can’t ignore the importance of the right trading platform in 2020. You are living in a time when people want things their way. Companies cannot rely on forced tactics anymore. They have to conform to the requirements and needs of their customers rather than doing otherwise. If a broker wishes to give its traders the best trading experience, it has to come up with a great trading platform. You will be surprised to know that you are not getting access to those conventional and clichéd trading platforms that usually all the online brokers give you access to. You will be accessing a trading platform that you are going to love.
First of all, you can download this trading platform on your computer. It does not matter whether you own Windows computer or a Mac, you will be able to use this trading platform with ease on both computers. In addition to that, you have the trading platform available for mobile devices as well. The broker has made sure that it has dedicated applications for mobile devices. So, whether you own a latest device with a huge screen or one that is 2 years old and has a smaller screen, you will not have a problem running this trading platform on your smartphone. Not to mention, there is no need to worry about the operating system you do or do not have on your device.
In the past, most trading platforms only ran on a particular operating system. Today, you have Active8 trading platform from MDX500 that allows you to access your trading platform from your iPhones and Android phones. The experience of trading will remain the same no matter which operating system you are on. That’s something you can expect from the brokers rather than something that works only on your desktop or looks completely different on different devices. MDX500 understands its traders and thus provides them with just the thing they are looking for.
· Trade Forex of All Types
On the surface, it seems that the forex market only allows you some currency pairs that you can trade. However, when you look closely, you find out some other patterns and categories as well. You are not in the market to trade any currency pair that pops up on your screen first. In fact, you have to realize that there are three major types of currency pairs. You can trade major currency pairs, minor currency pairs, and exotic currency pairs. These three types offer you different risk levels. You can say that the major currency pairs are the least risky currency pairs, and if you are planning to trade safely, you should go with them.
In addition to that, you have the minor currency pairs. These are the currency pairs in which you will not see the USD. All the major currency pairs will always have the USD in them, and that’s what makes them major. However, the exotic currency pairs are the ones in which you will not see any currencies from any developed countries. These currency pairs can be quite risky because they can move in their values quite a lot within a single day. However, if you can master these currency pairs, you can make a lot of money from them because their volatility can result in huge profits if you are successful with your predictions.
The best part about trading with MDX500 is that you will be able to trade all of these currency pairs. You will not have to limit yourself with the choice of currency pairs that you can trade. If you want the stable ones, go for the major currency pairs. If you want to ride the volatility and make money from it, you should go with the exotic currency pairs.
· Trade Indices
Your choices are unlimited when you sign up with MDX500. This broker will give you access to all the amazing financial markets from around the world. If you are looking to trade stocks from the ebest companies of the world, you should consider trading indices. When you trade indices, you are actually trading stocks but in the form of buckets. Again, you have to remember at this point that you will be trading them in the form of CFDs when you trade with MDX500. That’s what makes things even better. You will have access to indices not only from the US but other financial markets of the world as well.
· Trade Commodities
In this section, you have to admire MDX500 for bringing you the best commodities from around the world. These commodities will give you enough option to pick assets that make the most sense to you. There are many different types of assets included in this particular category. Whether you want to trade coffee or wheat, whether you are interested in trading platinum or silver, whether you love trading oil or gas, you will find them all in this particular group. With timely updates from the markets and around the world on Active8 trading platform, you are sure to make some great trades in this category once you sign up with MDX500.
· Trade the Best Cryptocurrencies
Cryptocurrency trading is the most famous type of trading today. Millions of people from around the world are interested in getting their hands on digital assets. While some know the best way to do that others are still stuck with how they can make money from cryptocurrency trading. If you have been wondering about the same, you should consider trading cryptocurrencies with an online broker like MDX500. This type of trading can be the guaranty of your future because looking at the current conditions of the world, it seems that cryptocurrency trading is going to be the future of trading all around the world.
There is something about cryptocurrency trading with MDX500 that you are going to love. The best thing about trading digital assets with this broker is that you are not stuck with the major ones only. Just like forex currency pairs, MDX500 will provide you with enough options in this market as well. So, while you can trade Bitcoin with this broker, that’s not the only digital asset that you can trade with it. You will also have access to Ethereum, Litecoin, Bitcoin Cash and many others. Pick the cryptocurrency that makes the most sense to you and become a part of this sensational financial market today.
· Trading Accounts
There is a lot that you are going to love about the trading accounts designed by this broker. So, you basically have three account types that you can choose from. You can choose the account that suits your requirements the most. Of course, the broker gets traders from around the world and that’s why it has to accommodate them all. Some traders have been trading for many years and have enough budget to sign up with a big account. However, some traders are just starting out with trading so they don’t know where to start and how much money to spend. Not to mention, they don’t have a huge budget to spare for trading. The broker has to facilitate each and every trader no matter what their requirements are. And that’s what this broker is doing right.
If you are thinking about starting with trading for the first time, you should consider signing up with the basic account, which the broker has named as standard account. This account can be started with only a small deposit of just $250. Yes, whether you are a student or just someone who wants to test waters before trading, you will love this account. You have to spend this small amount of money to be a part of this online trading world where you can make a lot of money if you take the right decisions. What you are going to like about the trading accounts from this broker is that no matter which one you pick, you will not have to pay any commissions on your trades.
You also have the bold account. In this account, you will have to deposit $3000 to start it. There are many benefits that you will enjoy with this account that are otherwise not available with the other account type. You are going to love the fact that there are no limitations on which assets you can trade no matter which particular account type you pick when you sign up with this broker. Whether you pick the basic account or the advanced one, you will be able to access all the markets and assets that are available on the trading platform of the broker. So, when you sign up with bold or standard account, you will be able to trade cryptocurrencies, stocks, indices, commodities, forex currency pairs, and bonds.
· Trading Flexibilities
You are going to love the flexibilities that this broker is going to offer you when you trade with it. The trading platform is already pretty great, but the broker will make things better for you through more facilitating features. Now, you have to realize that your broker can do much more for you than just providing you with a basic trading platform where you can place orders, open positions, and close them. In fact, your broker can help you with everything that’s related to trading online. So, when it comes to trading, you will notice that the broker has some level of control on how much money you make from your trades.
If the broker wants to make more money than you do on your trades, it can easily do that by increasing the spreads. Increased spreads mean that there will be a huge difference in the buying and selling price of the asset with the broker. You have to know that you can’t buy the asset at exactly the price that’s on the market. The buying price of the broker will be a bit higher for the asset than it is in the financial market. Similarly, if you think about selling the asset back to the broker, you will notice that the price of selling the asset is much lower than the selling price on the market. That’s the difference that allows the broker to make money from you.
However, the broker has to make sure that it keeps its profits to the minimum so the traders can make money on their trades. That’s where you need brokers like MDX500. This broker provides you with some great facilities and flexibilities that you are going to love as a trader. First of all, you can enjoy leverages of about 1:30 with this broker on a variety of assets. Do keep in mind that this leverage limit does not apply to every single asset. You will see different leverages with different types of asset. For example, when it comes to cryptocurrency trading, you will usually notice smaller leverages because of the volatility of this market.
However, if you do the math, you will realize that the broker is still offering you some huge leverages. 1:30 means that you will have to spend only $1 to make the broker contribute $30 with you to enter a trade. This will allow you to trade big and make huge profits. However, you have to make sure that you perform proper analysis of the assets before you enter trades because the same leverage can amplify your losses as well.
In addition to that, let’s talk about the spreads as well. You have to agree that the spreads from this broker are some of the tightest you can enjoy while trading with online brokers. Spreads can make brokers a lot of money, but the best brokers keep them tight so the traders can benefit. When the spreads are tight, you get to take home a large portion of the profit you make on your trades. On the other hand, when the spreads are lose, you end up losing a lot of money in the form of spreads and so your profits shrink as well.
· Islamic Account Facility
If you belong to a Muslim family, you might not be interested in trading conventionally because of the swap rates. The involvement of interest stops many Muslims from signing up with online brokers. That’s why the online brokerage industry came up with the perfect solution. They came up with Islamic accounts that allow these select traders to trade within the guidelines of their religious beliefs. So, if you are looking to trade without breaking the laws of your religion, you should consider an Islamic account. The best part about trading with MDX500 is that it allows you to have an Islamic account with just about any type of account you open with the broker.
· Trading Tools to Help Traders
You are going to admire the fact that this broker has brought to you some great trading tools to help you trade successfully. When you trade, you have to use these tools to predict the movement of the price in the market or other trends. When you sign up with and start trading on the Active8 trading platform, you will notice that you can view many different types of charts. Some charts show you information about the current price of the asset and the history of the price. On the other hand, some charts will also show you the volume of trading. Each chart can help you in different ways. You will get access to them all when you sign up with MDX500.
There are many other tools that you can benefit from when you sign up with this broker. You can see the daily market review and view forex indicators to know where the market is supposed to go in the coming hours and days.
· Trading Education
MDX500 is serious about trading education. If you want to learn about trading, you will find a lot of content on the website on it. You will learn about fundamental analysis and technical analysis of the assets. In addition to that, the broker has provided you with a lot of information on trading strategies right on the website. You can also become a part of one-on-one training sessions depending on the type of account you choose while signing up with the broker. If you go with the VIP account with the broker, which you can open with just a small deposit of $12000, you will also have a chief account analyst with you to help you with all your account-related concerns.
There is a lot that you can love about this broker. Not to mention, the broker has promised to adhere to the AML and KYC policies when signing you up on its trading platform and during withdrawals and deposits. That’s to make sure that no money launderers and identity thieves are able to sign up with the broker for their unfair advantages. The broker is definitely well abreast with the knowledge of what its traders want. With some great trading conditions for traders, there is no reason why you should not have MDX500 on your list of the best brokers on the internet.