MDR Broker-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

MDR Broker is said to be an UK-registered broker. MDR Broker is not registered in any of the jurisdictions mentioned on its website. It is just an unregulated broker that traders should stay away from.

Market Instruments

Tradable financial instruments available on the MDR Broker platform include forex currency pairs, indices, commodities, stocks, energies and some crypto currencies.

Minimum Deposit

MDR Broker offers 3 trading accounts, and the minimum initial deposit for the Micro account is 500 EUR. However, it is good to know that some legit brokers would ask for as little as $1-5. The other accounts start at 10,000 EUR and 50,000 EUR respectively.

Leverage

Trading leverage differs depending on varied trading accounts. The maximum trading leverage for the Micro account is 1:300 for forex trading. As for the Standard account, the leverage offered by it is relatively high, reaching up to 1:600. For the Premium account, it is individual which means it can go even higher.

Spreads & Commissions

MDR Broker offers variable spread, with specific spreads on particular instruments unknown, which is weird. Unregulated broker tend to hide their trading costs to scam new investors.

Trading Platform Available

It appears that MDR Broker offers the MetaTrader 4 trading platform. However, after registering an account with this broker and getting an email with the login information and password, we discovered that there was no link from which to download the platform.

Deposit & Withdrawal

To make a deposit, clients can use only payments made in Bitcoin. For withdrawals, they can use Yandex, credit card or wire transfer.