MPLUSFX Forex Broker keeps up-to-date with the latest trading account information, including Low Spread, Mini, Standard maximum leverage of Up to 1:500, trading varieties, and more
Rating Index
Pros
Low minimum deposit requirement of $10, making it accessible for new traders.
Offers a variety of trading instruments, including over 40 currency pairs and CFDs on precious metals and oil.
Utilizes the widely recognized MetaTrader 4 platform, which supports automated trading and a range of indicators.
Cons
Lacks proper regulation, with claims of a revoked license from the Vanuatu Financial Services Commission, raising concerns about safety and credibility.
Uncompetitive spreads that are higher than industry standards, with average spreads around 2.2 pips.
Limited payment methods available, excluding popular e-wallets like Neteller and Skrill, which may hinder convenience for some traders.
MPLUSFX broker Accounts
Low Spread
Environment
--
Currency
--
Maximum Leverage
Up to 1:500
SupportedEA
Minimum Deposit
$100
Minimum Spread
From 0.5 pip
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
Mini
Environment
--
Currency
--
Maximum Leverage
Up to 1:500
SupportedEA
Minimum Deposit
$100
Minimum Spread
From 0.5 pip
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
Standard
Environment
--
Currency
--
Maximum Leverage
Up to 1:500
SupportedEA
Minimum Deposit
$100
Minimum Spread
From 0.5 pip
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
MplusFX Account Type
MplusFX offers four different types of trading accounts to cater to various trading needs and experience levels:
- Cent Account:
- Leverage: 1:100 to 1:500
- Commission: $0
- Spread: From 1.5 pips
- Instruments: Forex and metals
- Minimum Deposit: $10
- Standard Account (STD):
- Leverage: 1:100 to 1:200
- Commission: $0
- Spread: From 1.5 pips
- Instruments: 36 forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs
- Minimum Deposit: $10
- ECN Account:
- Leverage: 1:100 to 1:200
- Commission: $6.53 per lot
- Spread: From 0.0 pips
- Instruments: 36 forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs
- Minimum Deposit: $1,000
- Copy Trade Account:
- Leverage: 1:100 to 1:200
- Commission: $0
- Spread: From 1.5 pips
- Instruments: 36 forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs
- Minimum Deposit: $10
- Visit the Website: Go to the official MplusFX website.
- Choose Account Type: Select the type of account you wish to open (Cent, Standard, ECN, or Copy Trade).
- Fill Registration Form: Complete the registration form with personal details, including:
- Name
- Phone number
- Address
- Employment details
- Upload Documents: Provide necessary documentation such as:
- ID card (front and back)
- Bank statement (ensure its in image format, not PDF)
- Pay Opening Fee: A minimum deposit of $10 is required to activate your account.
- Approval Process: After submitting your application and payment, wait for the approval, which may take 2 to 3 weeks.
- Receive Confirmation: Upon approval, you will receive confirmation via email, and an agent will contact you for further instructions.
MplusFX Broker Account Opening Process
To open a trading account with MplusFX, follow these steps:
By following these steps, you can successfully open a trading account with MplusFX and start your trading journey.
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