MedFX Forex Broker keeps up-to-date with the latest trading account information, including Standard ECN, Professional ECN, Privilege ECN maximum leverage of 1:200, trading varieties, and more
Rating Index
Pros
Offers a wide range of trading instruments, including over 65 forex currency pairs and various CFDs.
Utilizes the popular MetaTrader 5 platform, which is available for both PC and mobile trading.
Provides multiple deposit and withdrawal methods, including bank wire, PayPal, and cryptocurrencies.
Cons
Has a low trust score and mixed reviews, raising concerns about its legitimacy.
Minimum deposit requirement is relatively high at $250,000, which may be prohibitive for many traders.
The broker's regulatory status is unclear, with previous supervision by the FSCA revoked, leading to potential risks for investors.
MedFX broker Accounts
Standard ECN
Professional ECN
Privilege ECN
MedFX Account Type
MedFX offers two primary types of accounts for traders: Demo Account and Live Account.
- Demo Account:
- Free to open with no deposit required.
- Recommended for inexperienced traders to familiarize themselves with the forex market before moving on to real-life trading.
- Live Account:
- Minimum opening balance: $250,000.00.
- Offers access to interbank liquidity through the Straight Through Processing (STP) method.
- Suitable for both experienced traders with significant capital and novices with smaller deposits.
Choose Account Type: Decide between a Demo or Live account based on your trading experience and capital.
Visit the Website: Go to MedFX Account Type to review the account options.
Complete Application: Fill out the online application form with your personal and financial information.
Verification: Undergo KYC verification as required by the broker.
Fund Your Account: For a Live account, deposit the minimum required balance of $250,000.00.
Start Trading: Once your account is funded and verified, you can start trading on the MedFX platform.
MedFX Broker Account Opening Process
To open an account with MedFX, follow these steps:
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