MXT Global is a great Australian broker. Not only it services Oz clients, but it also serves traders across the globe. Read our MXT Global Review to see if this broker is right for you.
Leverage: 1:500 Licences: ASIC
Min. Deposit: 100 USD Bonus: MXT Rebate
Spreads: from 0 pip US Clients: No
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MXT Global Review at a Glance
MXT Global is a recently founded Australian Forex broker. It is a financial services provider that offers a good combination of customer service, online Forex trading technology and low spreads. Being one of the newest brokers, it did not have time to build a reputation and have a loyal segment of the clients, but with commitment and dedication concerning the requirements of the traders it has every chance to improve in the future. See great features in MXT Global review.
MXT Global Forex Broker Accounts Overview
There are only two types of accounts: the standard account and the RAW account. The Standard account is self-explanatory, while the advantages offered by the RAW account are lower spreads in exchange for a commission. The RAW account requires a minimum deposit of $500, which makes it very attractive for large investors that trade important volumes and they rather pay the fixed commission rather than the spreads. The accounts are available in the following currencies: USD, AUD, GBP, EUR, SGD, JPY and NZD. The financial instruments available for trading are 30 currency pairs, indices, commodities and binary options.
There is a rebate program that gives traders $2 for every standard lot traded, up to a maximum of 10% of the deposited amount. There is no time limit to reach this rebate. It requires a $1000 deposit, however and as far as special promotions go, this is kind of unexciting.
MXT Global Forex Trading Broker Platforms
MTX Global provides its clients with the classic MetaTrader 4 available for both Windows and Mac operating systems. There is also the option to use mobile devices to trade with WebTrader and MetaTrader iPad. There are also a number of software developed in-house for the iPhone and Android.
MXT Global Reviews of Extra Features
There are a reasonable number of tools available to new traders who are just getting to know the market. There is an introductory Forex guide with examples for new traders to learn how to compute the profit and loss for a transaction. There are a number of 5 video tutorials. There is also a section for daily market news as well as a glossary. Overall, the learning centre is above average when compared to other brokers.
You can also start getting Rebates from MXT Global for each lot you trade.
MXT Global Reivews of Support:
Support is offered 24/5 through telephone, with separate lines available for Australia, China and International. Support also can be reached through mail and live chat.
MXT Global Deposits and Withdrawals
The instruments for deposits and withdrawals are credit cards, debit cards, China Union Pay, Bank Wire Transfer and BPAY. This MXT Global review shows that the broker is mainly oriented for Australian and Chinese clients.
MXT Global Review Conclusion
MTX Global received the distinction as the fastest growing broker in Australia. They offer a wide range of services and they don’t have major drawbacks at any category, however the spreads that are provided are above average, in the case of the Standard account. This Broker can be a great choice for large clients based in Australia that want to enjoy low spreads, but for a new trader there are a number of other brokers that can give them a more comfortable trading environment.
In the nearest future the MXT Global will soon stop existing as individual brand. So, if you want to trade with MXT Global – we advise you to open account at the Vantage FX – the parenting company of the MXT Global.