MediumFX

Note: MediumFX's official website https://mediumfx.com/ru is currently inaccessible normally.

Registered in Russia, MediumFX is a brokerage that focuses on the Forex and CFD market, offering its clients access to more than 100 trading options. MediumFX says it does not accept clients from the United States, Belgium, Turkey, and some other countries.

Please note that MediumFX is not authorized or regulated by any regulatory authorities. Please be aware of the risk involved.

Pros and Cons

Is MediumFX Legit?

MediumFX is not regulated by the financial services regulatory authority in Russia, which means that the company lacks regulation from its registration site.

What Can I Trade on MediumFX?

On MediumFX, customers can trade currency pairs, stocks, bonds,commodities, and indices.

Account Type

A total of six types of trading accounts are available with the MediumFX platform, and these account types are actually categorized by the minimum initial deposit requirement.

The Quick Start account is the most basic account, requiring an initial deposit of $250, and this type of account is designed for beginners, including some basic functionalities, such as Beginner Education, News, and Economic Calendar.

Another five accounts, Silver, Gold, Platinum, Premium, and VIP, require absurdly high account balance, from $1,000, $5,000, $20,000, $50,000, $100,000, respectively.

Please note that a demo account is not available with the MediumFX platform.

Trading Platform

MediumFX uses its own trading platform. The industry-leading MT4 and MT5 trading platforms are not available.

Deposit and Withdrawal

MediumFX only allows its clients to make a deposit and withdrawal through VISA, MasterCard, and Maestro Bank Cards. The major currency supported is the US dollar.