MPlus FX
Cyprus
Founded in
2015 (11 Years)
Founded
Last online: No recent activity
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Security Information
Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
MPlus FX - Pros and Cons
Pros
- Offers multiple trading account types
- Minimum deposit as low as $10
- Deposit bonus of up to 30% or $1,000
Cons
- No information on licensing from reputable regulatory authorities
- Lacks details about the company's founding year and background
- Does not offer a demo account for new traders to practice before trading with real money
- User reports of withdrawal issues and poor customer service
Pros
- Offers multiple trading account types
- Minimum deposit as low as $10
- Deposit bonus of up to 30% or $1,000
Cons
- No information on licensing from reputable regulatory authorities
- Lacks details about the company's founding year and background
- Does not offer a demo account for new traders to practice before trading with real money
- User reports of withdrawal issues and poor customer service
Company Information
Get to know MPlus FX
Company Information
Get to know MPlus FX
Founded in 2020 in Melbourne, Australia, MPlus FX is a financial services provider that offers online trading on various asset classes through the MetaTrader 4 and MetaTrader 5 platforms. The company operates through two main entities: MPlus Markets Pty Ltd, which is an Authorised Representative of an ASIC-licensed firm in Australia, and MPlus Global Markets Ltd, an entity registered in St. Vincent and the Grenadines for its international clientele. MPlus FX aims to provide a transparent and technologically advanced trading environment, focusing on tight spreads, fast execution, and comprehensive customer support for traders globally.
Industry
- Forex Retail BrokerPRIMARY
Software
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Reviews
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Summarization
MplusFX Review: Is MplusFX Broker Good?
Broker overview and general information
MplusFX is a relatively new Forex and CFD broker with no clear date of establishment. The website itself does not provide much in-depth information about the company. The broker is registered in Cyprus but has its office in Cambodia, which is considered high-risk because there is no 100% guarantee of the safety of funds.
Broker Licensing and Regulation
If you ask whether MplusFX broker is good or not, you should start by considering the license and registration factors first, which are as follows:
www.mplusfx.comOperated by Mplus Global Limited with registered address IRIS Building, 7th floor, flat / office 740B 3106, Limmasol, Cyprus.
License information not found
⚠️Warning:No licensing and regulatory information was found for this broker. Investors should be aware of the risks involved as there may be no financial protection from regulatory agencies. It is recommended to conduct thorough research and consideration before investing.
Broker Products and Services
Trading products
Brokers offer financial instruments for trading, which are divided into 3 main groups:
Forex:There are 43 currency pairs available for trading, covering major pairs (e.g. EUR/USD, USD/JPY), minor pairs (e.g. EUR/GBP, AUD/JPY) and exotic pairs (e.g. USD/NOK, USD/CZK, USD/THB).
CFDs on Precious Metals:There are CFDs on precious metals such as silver and gold.
CFDs on indices and oil
Index CFDs allow traders to speculate on the overall stock market without having to trade individual stocks.
There are CFDs on Oil, a popular commodity, suitable for traders looking to invest in the energy market.
Trading Platform
Brokers use trading platforms MetaTrader 4 (MT4)It is a very popular platform among traders all over the world.
Advantages of MT4
Accessible from multiple devices
Easy to use
Has analytical tools
Supports Expert Advisor (EA) system
MplusFX Review: Account Types
The broker offers four types of trading accounts to choose from, as detailed below:
Cent
Suitable for beginners and those who want to practice trading.
Maximum leverage 1:500
No commission
Spreads start at 1.5 pips
ECN
Suitable for professional traders who want low spreads and fast order execution.
Maximum leverage 1:200
There is a commission of $6.53 per lot.
Spreads start at 0 pips
Copy Trade
Suitable for investors who want to copy the trades of professional traders.
Maximum leverage 1:200
No commission
Spreads start at 1.5 pips
STD
Suitable for general traders
Maximum leverage 1:200
No commission
Spreads start at 1.5 pips
Deposit and withdrawal channels
MplusFX offers a variety of deposit channels including:
E-currency system:Such as ChillPay, DefinnPay, 1-2Pay
Cryptocurrency:Such as USDT (BEP20), USDT (TRC20), UTCToken
As for withdrawal channels, there is no information yet, including the minimum withdrawal amount and withdrawal time.
Promotions and bonuses
30% Bonus up to $1,000
Deposit to receive a 30% bonus up to $1,000 for all account types.
Customer Service
Email :[email protected]
Facebook :https://www.facebook.com/Mplusfxthaisupport
Call: +855 713639232
Line ID: @mplusfx
Broker Review Overview Summary
From the information and reviews about MplusFX broker, there are several concerns that investors should consider carefully before deciding to use this broker. The broker is not regulated by a reliable financial agency, which creates investment risks. In addition, there are many negative user reviews about withdrawal problems and unresponsive customer service, as well as a lack of transparency in the company's information and the lack of a demo account for investors to test the platform in advance. Although it offers high leverage, the risks involved may not be suitable for general investors or those who are new to investing. Therefore, investors should study more information and consider more reliable brokers before investing.
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MplusFX Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.