MKDFX -Overview of Minimum Deposit, Leverage, Spreads

General Information

Registered in France, MKDFX claims to be a forex broker providing access to multiple financial markets: Foreign Exchange, Indices and Metals. The minimum deposit to start with this broker is €100, and traders can use the maximum leverage up to 1:200 with this brokerage platform.

MKDFX is not authorized or regulated by any regulatory authority. Please be aware of the risk.

Market Instruments

With the MKDFX platform, three different classes of financial instruments can be traded: Forex, Indices, and Metals.

Account Types

Fx union hub markets provides four trading accounts for both retail and professional clients: Basic, Classic, Advance and Pro. To open Basic and Classic accounts, an acceptable deposit of $100 is all you need to take. The Advance and the Pro account ask for an initial deposit of $1,000, and these two trading accounts are designed for professional traders.

How to open an account with MKDFX？

Opening an account with MKDFX is an easy and simple process:

1. Click the “Open Live Account” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Fund your account and start to trade with this forex broker.

Leverage

When it comes to leverage, MDKFX permits its clients to use leverage of up to 1:200, insanely higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Spreads may vary depending on assets and market volatility. Spreads on some instruments are listed below:

Forex: Fixed spreads from 0.1 pips

Indices: Spreads from 0.7 pips

Metals: Spreads from 1.5 pips

Trading Platform

MDKFX provides access to the leading MT4 trading platform, which can be accessed on any device, Windows, Mac, Mobile terminals.

With the MT4 trading platform, MKDFX provides a demo account which has the same advantages. And this account was designed for beginners who want to try this platform without risking their real capitals.

Payment Methods

The minimum deposit is €100 and traders are allowed to fund their accounts and withdraw funds through Credit/Debit Cards, Bank Transfer, or alternative payment methods. MKDFX may require confirmation of ownership of the funding account at any time (credit card, bank account, alternative payment account, etc.) before funds can be credited to a funding account.

Concerning withdrawals, all withdrawal requests are processed Monday through Friday 9.a.m to 5.p.m. requests received after 5:00 p.m. will be processed the next business day.

International bank transfers are subject to a minimum charge of €10 of the base currency of your trading account (€10). MKDFX will deduct this fee from the withdrawal amount before depositing it to the designated bank account. Please check with your bank for the fees they may charge you for the service they provide: 1% fee on deposit and withdrawal.

Customer Support

For any questions or concerns they may have about their accounts or their trading can reach out to MKDFX through the following methods:

Email: contact@mkdfx.fr

Registered Address: Suite 305, Griffith Corporate Centre, Beachmont, St. Vincent and the Grenadines Kingstown.

Restricted Regions

MKDFX does not offer trading services to residents of the United States, and Saint Vincent and the Grenadines and is not intended for distribution or use by any person in any country or jurisdiction where such distribution or to be distributed use would be against local laws or regulation.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.