MarcoFX

MarcoFX Information

MarcoFX is a broker. The tradable instruments include 28 forex pairs, 2 metals, 3 US indexes, and oil. The broker also provides demo accounts and the MT4 platform with a maximum leverage of 1:400 and a minimum deposit of $10. MarcoFX is still risky due to its unregulated status and bad reviews about difficulty withdrawing money and scams.

Pros and Cons

Is MarcoFX Legit?

MarcoFX is not regulated, making it less safe than regulated brokers.

What Can I Trade on MarcoFX?

MarcoFX offers a wide range of market instruments, including 7 major forex pairs, 21 cross forex pairs, Gold, silver, and oil & 3 US-based indexes.

Account Type

MarcoFX provides live accounts and the demo accounts are predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Leverage

The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.

Trading Platform

MarcoFX cooperates with the authoritative MT4 trading platform available on PC, Desktop, and Mobile to trade. Junior traders prefer MT4 over MT5. MT4 not only provides various trading strategies but also implements EA systems.

Deposit and Withdrawal

The minimum deposit is $10. Withdrawal requests are accepted daily from 01:00 to 12:59 (GMT +7) and will be processed on the same day, otherwise, they will be processed on the next business day.