MTbankFX
Comprehensive Overview of MTbankFX
MTbankFX broker represents the inaugural forex platform introduced by a bank in Belarus. It provides access to the real market with transparent quotes sourced from international liquidity providers, ensuring a no hidden fees policy.
The official website, mtbankfx.mtbank.by, is accessible in multiple languages and features a simple design. However, crucial information such as licensing details and regulatory authorities overseeing the company’s operations are noticeably absent. The user agreement can be found in the website footer. Contact details include:
- Email address: mtbankfx@mtbank.by,
- Phone number: 8 (044) 780-43-70,
- Feedback form.
The registered address is RKC 68, Minsk, Tolstogo Street 10. Unfortunately, information about the company’s founders and management remains undisclosed.
To gain a comprehensive understanding of the broker’s services, it is advisable to explore available reviews.
Trading Tools and Platforms Offered by MTbankFX
Traders on the MTbankFX platform have the option to utilize the desktop or web versions of the MTBankFX platform, along with the MetaTrader 4 platform. Users can select their preferred version to commence secure earnings. Key platform benefits include:
- Bank Forex with full protection;
- Tax exemptions;
- No-cost deposits and withdrawals processed within 24 hours for bank clients;
- Starting spreads from 0.19 points;
- Immediate access to global liquidity sources;
- Transparent market quotes;
- Innovative trading platform equipped with diverse features;
- Offering over 750 trading instruments including currency pairs, metals, bonds, indices, oil futures contracts, and various other commodities.
MTbankFX also provides an array of educational materials and video tutorials.
MTbankFX Trading Account Options
MTbankFX presents two distinct account types for traders:
- Trader account – with a minimum deposit starting from $20, inclusive of free training and a target spread on EUR/USD at 1.6 points;
- Large trader account – featuring a personal manager, bank analytics support, a target spread on EUR/USD at 0.2 points, and reduced commissions based on increased trading volumes.
Further details concerning account types can be discovered on the official website.
Account Funding and Withdrawal Procedures at MTbankFX
To fund your trading account, you may utilize an MTBank card or a USD bank account. For international residents, bank transfers are available. Withdrawals can be executed through various payment systems, with associated commissions determined at the time of the transaction.
Concluding Remarks
In conclusion, MTbankFX demonstrates significant potential and offers a myriad of advantages. Nevertheless, the lack of informational depth and the absence of essential documentation on the website raise pertinent queries. To arrive at a well-informed decision, it is recommended to peruse customer reviews.
This review has been prepared by the specialists at ExpertsReview.