Note: MTN-FX's official website: http://mtn-fx.com/ is currently inaccessible normally.
MTN-FX Information
MTN-FX is a forex broker registered in the United Kingdom, offering trading services in currency pairs, commodities, precious metals, indices, stocks, and cryptocurrencies. It offers four account types with the Mini account requiring a minimum deposit of $250. MTN-FX supports trading platforms MT4 and Sirix, with leverage of up to 1:200. However, MTN-FX is unregulated and its website is currently inaccessible.
Pros & Cons
Pros of MTN-FX:
- MT4 and Sirix Provided: MTN-FX supports both MT4 and Sirix trading platforms.
- Demo Accounts: Demo accounts enables traders to practice and familiarize themselves with the trading platforms without risking real money.
- Variety of Instruments: MTN-FX offers many trading instruments, including forex pairs, commodities, precious metals, indices, stocks, and cryptocurrencies.
Cons of MTN-FX:
- Unavailable Website: The website is currently inaccessible, which user can't obtain essential information or manage their accounts effectively.
- Unregulated: MTN-FX operates without regulatory oversight, which can pose risks regarding the security and fairness of trading practices.
- Higher Minimum Deposits and Spreads: It requires a higher minimum deposit of $200, and with spreads starting at 1.5 pips, trading costs is higher compared to brokers with lower minimum deposits and spread offerings.
Is MTN-FX Legit？
MTN-FX is not regulated, meaning it does not fall under the supervision of any financial regulatory authority. The lack of regulation can pose risks to traders, as there is no oversight to ensure the broker's adherence to industry standards and practices. Besides, its website is not accessible.
Market Instruments
MTN-FX offers many types of trading instruments, including:
- Forex Pairs: 5 major forex pairs, as well as exotic currencies.
- Commodities: CFDs on agricultural and energy commodities, such as corn, wheat and so on.
- Precious Metals: Key precious metals, including silver and gold.
- Indices: 17 different indices.
- Stocks: MTN-FX includes a selection of stock CFDs.
- Cryptocurrencies: Popular cryptocurrencies like Bitcoin, Litecoin and so on.
Accounts
MTN-FX offers Mini Account with the minimum deposit requirement of $250. For the more advanced Classic, Executive, and Premium Accounts, the required minimum deposits are $1,000, $5,000, and $25,000 respectively.
MTN-FX also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds.
Leverage
MTN-FX provides a maximum leverage of 1:200. This leverage ratio means that for every $1 of their own funds, traders can control up to $200 in the market. This leverage allows for increased trading flexibility and the potential for higher returns, though it also involves greater risk, which should be carefully well-understood by traders who decide to use it.
Spreads & Commissions
MTN-FX offers trading conditions with a spread starting from 1.5 pips, which is higher than some other brokers in the market.
Trading Platforms
TN-FX provides its clients with two main trading platforms: MetaTrader 4 (MT4) and Sirix.
- MetaTrader 4 (MT4): MT4 is a widely recognized and popular trading platform known for its user-friendly interface and robust functionality.
- Sirix Platform: Sirix is a trading platform designed with features such as social trading and real-time market insights.
Deposits & Withdrawals
MTN-FX supports deposits and withdrawals through the following methods:
- E-Wallets: Includes CashU, Neteller, Fasapay, and UnionPay.
- Credit/Debit Cards: VISA and MasterCard are accepted.
- Bank Wire Transfers: Suitable for larger transactions, with longer processing times and potential additional fees.
Conclusion
MTN-FX is not regulated, and its website is currently inaccessible. It also requires a relatively high minimum deposit of $250. For safety and transparency, choose a regulated broker with clear and open information.
Q&A
Is MTN-FX regulated by any financial authority？
No. It has been verified that this broker currently has no valid regulation.
How can I contact MTN-FX？
You can contact via email: support@mtn-fx.com.
What platform does MTN-FX offer？
It offers MT4 and Sirix.
What is the minimum deposit for MTN-FX？
$250.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
