broker reviews
MainGroupFX Review – Top trading features of this broker that stand out
What is MainGroupFX?
MainGroupFX specializes in CFD trading, promising excellent conditions for traders choosing to sign up. This goal seems to have been achieved with the help of cutting-edge technology, innovative system solutions, low-cost commissions and unrivaled customer support service.
The broker keeps a broad vision in terms of asset coverage and has managed to design an account offering to meet demands raised by beginners and expert traders alike. Moreover, it shows commitment to ensuring strong financial security via fund segregation and transparency. Last but not least, this brand is regulated by the Australian Securities and Investments Commissions, which means that there is someone there to make sure that MainGroupFX adheres to high standards. All of that is reason enough for us to dig deeper into what this broker has to offer.
Tradable assets
Starting off with the asset coverage, MainGroupFX grants traders the benefit of diversity. The list of CFDs available includes popular markets such as:
- Forex
- Stocks
- Commodities
- Energies
- Indices
This means you have hundreds of assets at your disposal every day, and you can adjust your portfolio based on market changes. You can trade on gold price, for example, now that the US Dollar is weakening and interest rates seem to be peaking.
By bringing currency pairs and indices into the picture, traders end up with a diverse portfolio which ultimately means they are not vulnerable to the consequences of a single asset class. The maximum leverage depends on the asset class as well as the account type you choose.
Account opening
When opening an account with MainGroupFX you have to complete a simple application form, then upload documents in order to pass verification and finally, fund the account. You can do that even with a limited amount to get started with trading.
MainGroupFX offers Silver, Gold, Platinum and VIP accounts for its customer base, promising low spreads, attractive commissions and flexible leverage. Be aware that these variables are also influenced by the account type you choose.
An account can be funded with traditional payment systems such as credit/debit cards and bank wire. The broker accepts payments denominated in USD, EUR and GBP. Upon opening an account you’ll have to select your base currency.
Customer support
MainGroupFX is active across multiple social media platforms and engages with its audience through email, phone, WhatsApp and a live chat feature available on its website. The last one is by far the fastest way to get a response to any questions you might have regarding the trading services provided by the broker.
We should also note the learning section, where you can find insightful data necessary when understanding key market concepts. Client support is thus granted in various ways, and that is a big plus since each user comes with their specific demands.
Conclusion
Choosing MainGroupFX as a broker is advantageous because traders can trade demo or on a live account with limited funds. On top of that, the brand covers as the major asset classes, allowing margin trading. Costs are variable, depending on what assets you want to trade. At the same time, if you want to learn more about trading, there are resources offered for free.
MainGroupFX overview
Product Name: MainGroupFX
Product Description: MainGroupFX specializes in CFD trading, promising excellent conditions for traders choosing to sign up. This goal seems to have been achieved with the help of cutting-edge technology, innovative system solutions, low-cost commissions and unrivaled customer support service.
Brand: MainGroupFX
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Trading Platform
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Assets
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Accounts
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Customer Satisfaction
Summary
Choosing MainGroupFX as a broker is advantageous because traders can trade demo or on a live account with limited funds. On top of that, the brand covers as the major asset classes, allowing margin trading. Costs are variable, depending on what assets you want to trade. At the same time, if you want to learn more about trading, there are resources offered for free