MTFX Review - Does It Offer Welcome Bonus? - WikiFX

MTFX was registered in 2011 in the UK, specializing in currencies, CFDs, metals, stocks, and indices markets. It offers three types of accounts, among which the Micro Account does not require minimum deposit and the maximum leverage can be 1:500. Bonuses and demo accounts are also offered. However, it holds a suspicious clone license, and it does not provide services to US residents.

Pros and Cons

Is MTFX Legit?

No, MTFX holds a suspicious clone license. Traders should be cautious and be aware of the potential risks!

What Can I Trade on MTFX?

MTFX provides several types of products, including currencies, CFDs, metals, stocks, and indices.

Account Type & Fees

MTFX provides three types of accounts: Micro, Standard, Executive Account. Besides, demo accounts and Islamic accounts are also available. More importantly, it does not charge any commission fees.

Leverage

The leverage ranges from 1:1 to 1:500. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.

Trading Platform

MTFX uses MT4 and mobile APP as its trading platforms. MT4 is a commonly used platform, which is suitable for beginners. Its mobile trading APP can be used on iPhone, Blackberry, and Android devices.

Deposit and Withdrawal

MTFX supports several types of payment options, such as VISA, Neteller, Mastercard and so on. However, other details such as the processing time and minimum withdrawal are not clear.

Bonus

MTFX offers two types of bonuses: 20% welcome bonus and 10% loyalty bonus. As long as traders open a new account, they can receive the welcome bonus. As to the loyalty bonus, it can be applied to all redeposits.