Mega Trader FX

Editorial Rating:
2.50
Accept US Traders:
Yes

MegaTraderForex.com

A trading point of Financial Instruments Ltd, Mega Trader FX was founded in 2011 and since that time it’s become a broker that’s pitched perfectly for novice traders. Although this company does enough to satisfy top-end investors, it’s the tight spreads and flexible leverage up to 1:500 that will appeal to beginners.

Thanks to regulation from two financial authorities, namely CySEC (Cyprus) and the FCA (UK), Mega Trader FX has created a secure platform that segregates client’s money. This protection has given them enough of a reputation to join with major banks and liquidity providers and, thus, offer better trading conditions for its members.

On top of this all members can benefit from minimal deposit limits ($2) and accounts that can be based in Euros, Australian Dollars, GB Pounds, Japanese Yen, Swiss Francs and US Dollars. Thanks to this financial flexibility traders should be able to enjoy cheaper and more profitable investments.

MegaTraderForex.com’s Special FX:

Mega Trader FX has a number of training seminars running on a regular basis for aspiring traders. In keeping with this broker’s aim to give novices the best chance of making money on the foreign exchange, free courses on topics such as Swiss Trading, Forex 101 and Technical Analysis: From Theory to Practice are available.

On top of these training tools is a comprehensive bonus system where users can achieve a 20% deposit bonus and regular loyalty payments. Indeed, the 10% recurring rewards are something that will not only benefit long-term traders but those looking to forge a steady stream of income at Mega Trader FX.

Indeed, one of the best ways for a trader to make a profit in the currency exchange market is to offset losses and bolster their bottom-line. A simple way to do this is through a loyalty scheme and Mega Trader FX’s 10% returns policy is one of the most attractive in the industry.

The Essentials:

Three accounts based on the MetaTrader 4 trading platform have been created by Mega Trader FX. Each option has mobile trading provisions and allows hedging, trailing stops, overnight interest rates (swaps) and in-chart trading.
To complement these features the following conditions have been put together by MegaTrader FX:

Micro Account:
Minimum account size = $2
Maximum account size = $3,000
Minimum position size = 0.01 lot
Variable spreads typically from 1.9 pips with a minimum of 1 pip on major currency pairs:
Scalping and Expert Advisors allowed.
Leverage = 1:500
Digits quoted after the comma = 5
Minimum distance to stop/limit orders = 4 pips
Number of currency pairs available = 54 (including 26 exotics)

Standard Account:
Minimum account size = $3,000
Maximum account size = $100,000
Minimum position size = 1 lot
Variable spreads typically from 1.9 pips with a minimum of 1 pip on major currency pairs:
Scalping and Expert Advisors allowed.
Leverage = 1:2 00
Digits quoted after the comma = 5
Minimum distance to stop/limit orders = 4 pips
Number of currency pairs available = 54 (including 26 exotics)

Executive Account:
Minimum account size = $100,000
Minimum position size = 1 lot
Variable spreads typically from 1.9 pips with a minimum of 1 pip on major currency pairs:
Scalping and Expert Advisors allowed.
Leverage = 1:100
Digits quoted after the comma = 5
Minimum distance to stop/limit orders = 4 pips
Number of currency pairs available = 54 (including 26 exotics)

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This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

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