There are so many brokers on the internet today that it seems crowded at times. You can find a lot of brokers and lots of claims from them. However, it remains quite a task to find broker that can provide you with all the features that you are looking for as a trader. Many of them are providing you with similar services. There is nothing different about them and hence traders don’t want to sign up with them. However, when you look at MDX500, you will notice something different. This broker has some great features that you can easily call special. Let’s know about them in this MDX500 review.
The Five Features Making MDX500 Special
1. Cryptocurrency Trading
It is unfortunate but true that many online brokers are still sticking to the conventional financial markets. When you look at their asset indices, you will notice that they are offering you many different assets in many financial markets. However, these financial markets have been around for quite some time and almost every other broker is offering you access to them. Are they offering you access to the cryptocurrency market? Can you trade cryptocurrencies with them? Can you trade something more than Bitcoin with them? Sadly, the answer to these questions is a no.
In addition to letting you trade forex currency pairs, precious metals, soft commodities, energies, stocks, and indices, this broker is giving you access to the cryptocurrency market. You can trade Litecoin, Bitcoin Cash, Bitcoin, Ethereum, and many other cryptocurrencies when you sign up with this broker. Not only are you getting access to a great emerging financial market, but you are also trading many different crypto assets within it. That’s the sign of a great broker that thinks of the best of its traders.
2. A Very Small Deposit for New Traders
This particular feature shows you that this broker cares specially about its new traders. New traders are vulnerable to making mistakes when they start trading. They are also nervous about things so they are not sure what to do when they just join an online trading platform. It is the job of the broker to make things easy for the traders. That’s where brokers like MDX500 jump in save traders from uncertainty. If you are a new trader on a budget, you don’t have to go elsewhere because this broker has made your entry into the online trading world easier than ever before.
When signing up with MDX500 and opening an account, we recommend that you go with the Standard account. This is the basic account from the broker that you can open with just a small amount of $250. Yes, with such a small amount, you will be a part of online trading.
3. Big Leverage
There is big leverage available for all the traders that sign up with this broker. With other brokers, you will notice that they only provide you with leverage when you sign up with their expensive accounts. If not, they usually give bigger leverages to their expensive traders. So, if you want to take advantage of large leverages from those brokers, you have to open an advanced account by depositing a huge amount of money right from the start. You won’t have to do anything like that when you sign up with this broker. This broker has made things easy for you so you can start your trading journey without any hiccups.
The leverage you get with this broker is the same for every trader. What’s more impressive is that this leverage is available for basic traders as well. You don’t have to sign up with an advanced account to enjoy leverages on your trades. You can sign up with the basic account and still trade with leverages.
4. Extremely Tight Spreads
You will have a hard time finding a broker that can offer you with such tight spreads. There are many brokers on the internet that claim to offer tight spreads. However, when you look closely, they don’t offer anything special. Their spreads are loose and you lose a lot of money because of that. The profits you make on your trades get divided big time when you have to calculate the difference in the buying and selling prices from the market prices. On the other hand, you have a broker like MDX500 that makes things easy for you in this category as well.
If you are looking for tight spreads while trading, you will have a hard time finding a better option than MDX500. This broker has kept its spreads at only 1.3 pips for basic traders. However, if you want to take things to another level, you can go with the VIP account and enjoy spreads of only 0.1 pips on many different assets.
5. Copy Trading
You have to agree that this is one of the most differentiating features from this broker. When you start trading, you are always looking to make things easy for you. You want things to be predictable because you are not sure about outcomes. You never know whether the trade you have entered is going to be successful. However, if you can have an expert trader by your side, you can have a lot of confidence in your trades. MDX500 is offering you something even better. The broker has introduced a feature on its trading platform that allows you to copy the trades of the best traders in the market.
By copying their trades, you can be sure that most of the trades that you enter will be successful. Look at their profiles, see their trading styles, and pick the trader that you think will be best for you to follow in the footsteps of.
There are a lot of things that you can talk about when discussing MDX500. However, these are the most highlighting features that make MDX500 a great broker. If the five factors mentioned above are some of your major concerns before signing up with a broker, you should definitely consider MDX500 as a potential broker for your trading career.