MDX500 Review – Is it a Legitimate Broker?

Trading in the financial markets is not exactly a new concept; it is one that has been around for decades, but it has never been this accessible as it is today. In today’s digital world, every industry and market has undergone change and has adapted to technology and trading has done the same. There was a time when only some people had the opportunity to make their fortunes in the financial markets, but now everyone has the chance to do so. Some of the wealthiest personalities in the world nowadays have earned their wealth through trading and this is a great form of motivation.

Nonetheless, it is important for everyone to remember that in order to really benefit from trading, you need to have a trustworthy and genuine broker by your side. It will not take you long to know that there has been an explosion of brokerages in the market to keep up with the growing demand. However, the fact is that this doesn’t guarantee you quality in every broker. While some of them are indeed capable of meeting the needs of different traders, some will fall short. You don’t want to choose a broker that falls in the latter category.

Hence, before you make your choice, you need to consider some important aspects and then make your final decision. You will have to evaluate the broker carefully for this purpose. One of the brokers that requires attention is MDX500. Catering to global traders, this broker is offering its website in a number of languages and offers them the opportunity of participating in CFD trading. This refers to Contracts for Difference and doesn’t require traders to purchase an asset physically; instead, trading is done in the form of contracts that are bought and sold for profit. There is a huge potential of profits in this form of trading, but is this broker legitimate? Consider its features below to decide:

• The security protocols at MDX500

The best way to determine a broker’s authenticity is by taking a look at their security protocols. In today’s world, cybersecurity has become a prominent issue as breaches have increased. Using a broker’s services means that you have to share your personal and financial information with them and also entrust them with your money. Thus, you should know that they are capable of keeping it secure. When it comes to MDX500, the broker has made use of SSL (Secure Socket Layer) encryption technology for protecting all sensitive information they collect from their clients. This keeps it from falling into the wrong hands and being misused. 

Secondly, the broker has also opted to follow the rules of segregated accounts i.e. customer funds are kept in separate accounts from the company’s own. In this way, traders’ funds are only used for trading and not for any of the broker’s activities. In addition, MDX500 complies with the international AML (Anti-Money Laundering) and KYC (Know Your Customer) policies that verify identities of every trader with proper documentation to keep the environment safe. Proof of identity and address is needed before traders are permitted to trade.

• The asset index at MDX500

The assets that a broker offers are not to be ignored because they will help you in achieving your financial goals. If the broker is only making big claims and not offering any good trading products, why would you sign up with them? MDX500 has added a plethora of trading instruments to their asset index and these come from different financial markets. You can start with indices from some of the top markets in the world, including European, American and Asian. 

You can trade government bonds or try forex currency pairs, which include major and minor pairs and also some rare and exotic ones. The commodities provided at MDX500 are also divided into subcategories like precious metals including gold, silver and palladium, energies like crude oil and natural gas and agricultural produce like coffee and cocoa. Lastly, the broker has also kept up with trends and added cryptocurrencies to their offerings. Bitcoin, Ethereum, Litecoin and Ripple are just some of the options available. 

• The trading solutions at MDX500

How do you trade through a broker? They provide traders with access to a trading platform that can be used for executing transactions in the market. MDX500 has not added any random option; they provide you with Activ8, one of the most popular and advanced trading platforms in the market. You can download it on your Windows easily and have access to a multitude of trading features and tools that allow you to have an optimal trading experience.  Some of the tools that you will be able to use include an economic calendar, Expert Advisors if you want to try automated trading, a range of analysis tools, trading indicators, live market rates and price quotes and risk management tools.

The trading platform at MDX500 also supports copy/social trading and offers quick execution of traders. You will have no complaint of any lagging or delays. The good news is that the broker doesn’t just offer you a desktop-based platform; you can also use mobile apps that can be downloaded on Android and iOS devices, as per your preference. With these apps, you can trade no matter where you are or what time it is.

• The support and services at MDX500

Customer support at MDX500 is available round the clock and through multiple channels. You can talk to their representatives via email, phone, SMS or through an online contact form. An FAQ section is also available for answers. Along with these features, the broker offers a horde of educational resources to assist their clients. There are currency convertors and all kinds of calculators. Leverage as high as 1:30 is available to help traders in making big trades. The broker also offers very tight spreads to provide excellent trading conditions to their clients.

Final Verdict

MDX500 is a legitimate broker that can provide efficient trading services for profitable trading in the financial markets. Learn more about MDX500 here.