About the Mtrade-X Brokerage Firm
The Mtrade-X brokerage firm claims to be registered in the capital city of Estonia. However, there is currently no visible registration certificate or authorization for their brokerage activities on the mtrade-x.trade website. Moreover, details regarding the broker’s experience are not disclosed.
Language Support and Customer Assistance
The Mtrade-X website offers support in both English and Russian languages. Users can avail technical assistance 12 hours a day, 5 days a week. To access support, it is advisable to reach out via email or through a feedback form, which becomes accessible post registration.
Trading Instruments and Platform Information
Mtrade-X advertises a diverse range of tradable assets; however, specific details about the quantity and categories of these assets are not readily accessible. Furthermore, technical specifications of the trading platform are not disclosed on the website. The broker claims that the platform is designed to be user-friendly for individuals new to trading.
Trading Account Options Overview
Mtrade-X classifies clients based on their investment amounts. Standard clients can open an account by depositing between 50 euros and 10,000 EUR. VIP clients, investing from 10,000 to 50,000 €, are offered more advantageous conditions. Premium clients depositing over 50,000 € also receive additional perks.
Account Funding and Withdrawal Methods
The broker offers various funding and withdrawal avenues, including bank transfers and e-wallets. Withdrawal charges constitute a minimum of 5% of the transfer amount.
Final Thoughts
It is crucial to highlight that “Mtrade-X” functions without a regulatory license. Insufficient disclosure about the company poses potential risks for clients. Therefore, it is recommended to thoroughly explore alternative options and select a reputable broker when investing your funds.
This review has been prepared by the specialists at ExpertsReview.