MDX500 Review – Is MDX500 Scam or Legit?

MDX500 Review

MDX500 ReviewIn the running year, the world of online trading has observed so much success that the entire world is in a state of awe. From the beginning of the year 2020 till now, the online trading market seems to be making huge amount of development, accommodating more and more investors on a daily basis.

The year 2020 caught the world population and global economy off-guard and shutdown the entire system in a matter of days in the form of quarantine zones, lockdowns and curfews. Although, these implementations were made to contain the coronavirus situation, it led to thousands of companies being shutdown, leaving millions of people unemployed.

As a result, people who lost their jobs, became desperate and were keen to find a solution to their monetary demise. This is when the online trading platform was present to accommodate these people and help them earn enough money to keep their tables filled with food and help pay their bills.

Broker             MDX500
Website https://mdx500.com/
Account Types Standard, Bold, VIP
Trading Platform MDX500 (Downloadable on Windows, Android, iOS)
Minimum Deposit $250
Asset Index Forex Baskets, Crypto, Commodities, Indices
Trading Tools Live Forex Market, Economic Calendar, Trading Strategies, Forex Indicators, etc.
Education Weekly trading sessions
Customer Support Phone and Email
Owned By Expand Solutions Ltd.
Website Language More than 100 languages

MDX500

My Journey from Being Employed to Being a Trader

Among those millions of people who lost their jobs, there was one individual that I am very much aware of because that person is none other than myself. Before the pandemic struck the entire world, I was working as an executive in a BPO. Unfortunately, the company we were working for, couldn’t afford to keep up with ongoing events and alas, it came to the point of concluding their business.

Here I was, who had a job and everything planned out at one moment and was deprived of everything in the very next one. In the beginning, I was not able to figure out what I could do to make a living. Then I started losing my calm and patience. I became desperate and was badly in need of a job.

However, I came to understand that being panicked or desperate would not help me achieve anything. If I were to survive, I had to keep struggling and find a way to get me out of the mess. Therefore, I started doing my research on the internet to find a platform that would suit my requirements and help me make cash real fast.

I ended up spending days trying to figure out whether I should go for Work-from-Home (WFH) job opportunities, run an online business or do online trading. At this point, I had grown tired of working for someone and spending my potential. So I ignored online business and work from home, and decided to do online trading.

When I stumbled upon MDX500, I was a bit hesitant to invest through them. Therefore, I started searching for more options. My searches brought me too many well reputed online trading brokerages. However, the services these brokerages offered were exactly the same as MDX500, so I decided to go with MDX500. To be honest, I am regretting making my decision and I am sure you will not either.

So here’s the list of services MDX500 provides their investors and they cannot seem to refuse.

Unique Account Types Offered by MDX500

While many online trading brokerages provide their customers with only one account type with very less services, MDX500 provides you with three different types of trading accounts:

Standard Account

To be honest, the standard account by MDX500 has been put together in order to accommodate investors who were setting foot in the trading business for the first time. These investors are to be trained on the basics first before they can start trading.

So to gain ownership of this account, the investors are required to make a deposit of minimum 250, which can be made in currencies such as Dollar, Pound or Euro. Once the account has been acquired, the investors can start trading from the MDX500 trading platform.

In addition to the basics, the investors are able to avail maximum leverage of 1:30. They can perform instant executions through the trading platform and can avail spread from 1.3. With the standard account, the investors have access to trade with instruments such as Commodities, Indices, Cryptos and Shares.

The investors can avail 80% margin calls. When it comes to support, the investors are entitled for customer support, guidance from personal account manager and information access against the instrument updates.

Bold Account

When I started trading, I chose the Bold account as I was overestimated by trading capabilities. After a few monetary losses and mistakes along the way, I was able to get a hang of it. This is when I started picking up and now I consider myself very fortunate to have started trading with this account.

If you feel like doing the same as I did, then you can own this account by making a deposit of minimum 3,000 (Dollars, Pounds or Euros). Once you have acquired the account, you would have complete access to the features offered by MDX500’s trading platform.

You can avail maximum leverage of 1:30, which is based on the instruments being traded. This account grants users to perform instant executions through the trading platform and avail spreads of 1.5. The investors gain access to the same trading instruments as the standard account.

The investors are able to make 80% margin calls. As far as real-time support is considered, you can contact the customer support at any time. Then comes personal account manager who is ready to guide you at any given time. Lastly, it is the support of a senior account analysts, who are fully capable of sharing insights around the trending trading instruments. They make opportunities available for you to increase your chances of making more profits.

You will have access to the latest trading instruments’ news and insights to help you make your trading decisions easier.

VIP Account

Yes, this is the trading account that I currently have opened through MDX500 for trading. You can also acquire this account that you now have ample amount of knowledge and experience in trading. Based on your own assessment, you can decide whether you would want to open this account or not.

However, if you do make up your mind for opening this account, you can do so by making a deposit of minimum 12,000 (Dollars, Pounds or Euros). Once you have crossed the first step, the second step is to start trading through the MDX500 trading platform.

Once again, the maximum leverage you can acquire no matter the trading instrument is 1:30. With the MDX500’s trading platform, the investors have the power to perform instant executions. Additionally, you can utilize spreads that start from 0.1. The investors can trade in instruments such as Indices, Shares, Crypto(s) and Commodities and can make 80% margin calls.

Signing up a VIP account brings in daily trading signals for the investors. As far as real-time support is concerned, you can always contact the customer support and seek guidance on basic trading issues. On second is a personal account manager, then a senior account analyst and lastly, senior account chief analyst. Last but not least, with the ownership of the VIP account, you are enlisted to attend the weekly trading sessions with the senior account analysts.

MDX500 Also Offers Islamic Account

Another very unique initiative that MDX500 has taken is providing their customers the opportunity to open Islamic Accounts within either of the Standard, Bold or VIP accounts. The Islamic account allows users to perform trades by practicing the guidelines of the Islamic Sharia laws.

Trading Instruments Offered by MDX500

One of most prominent trait of MDX500 is that they are customer oriented like the rest of the well-renowned trading brokerages. This is exactly what sets MDX500 apart from the rest of the average brokerages whose aim is to get as much money out of their customers as possible.

While many brokerages tend to offer only 1 or 2 trading instruments at max, MDX500 has gone an extra mile to provide their clients with:

Forex Trading

Derived from the original term ‘Foreign Exchange Trading’, forex trading allows you to buy and sell foreign currencies that are available in pairs such as USD/EUR, GBP/RUB, AUD/JPY etc.

Before you start trading, you need to choose a pair out of the 70 plus pairs that are currently available in the forex platform. Once selected, you can start analyzing the volatility of the forex market and can act based on the prices of the currencies.

At present, the forex trading observes a total transaction volume of around $5 trillion per day, making it the largest trade as per capitalization.

Indices Trading

In the Indices trading, you are not required to buy shares of the company. Instead, you need to choose one out of hundreds of index that are available in the stocks market. Each index represents the collective asset value of a group of companies where each index experiences volatility.

Once you have chosen a particular index, you can pay attention to its volatility and predict whether the collective asset value of the index is to go up or down. If the decision goes in your favor, you make profit and if the result is opposite, you end up taking the loss.

Commodities Trading

Commodities are natural occurring resources that are extracted from the earth’s surface either through agriculture, drilling and mining. These are further divided into soft commodities such as cotton, wheat, pulses etc. and hard commodities, which include copper, gold, iron etc.

In commodity trading, you can choose one out of hundreds of commodities and keep a close eye on its volatility and position in the market. When the prices becoming profitable, you can sell the particular commodity to make profit.

Cryptocurrency Trading

Crypto-trading is the latest addition to the online trading platform that involves buying, selling and exchanging of cryptocurrencies based on the volatility and positioning of instrument in the market.

At present, there are more than 6000 cryptocurrencies and more than 100 crypto-exchanges to choose from to help you trade in the crypto-market.

MDX500’s Exclusive Trading Platform

When I started my search for a reliable trading brokerage that I could rely upon, I found that majority of them offered Meta Trader 4, Meta Trader 5 and Web Trader to their investors. However, what really caught my attention with MDX500 was that they developed an exclusive trading platform for their customers.

When it comes to the reliability of the platform, it is on-par with any of the best trading platforms that are currently being used by any popular brokerage. The MDX500 trading platform comes loaded with one of the most user-friendly trading interface, equipped with the latest trading features.

Few of many features offered by the platform are algorithmic trading, daily news bulletin, historical report access for each trading asset and variety of trading charts. In addition to these, with MDX500, the investors gain access to the global online trading markets. Having such access increases the chances of investors making more profits.

MDX500 Trading Platform on Browsers and Smartphones

To stay up-to-date with the public demand and requirements, MDX500 managed to integrate their trading platform onto the internet browsers. So even if you do not have access to your operating system, you can simply open up the browser and start trading once you are signed in through Chrome, FireFox, Safari or any other.

MDX500 has also developed their MDX500 trading application that can be downloaded and installed on any Android or iOS smartphone.

Extras from MDX500

For MDX500, it is all about empowering the investors so they can make their own trading decisions with complete ownership. This is why they have provided their customers with extra content such as trading analysis, economic calendar, trading strategies and global economic insights. All the content shared focuses in injecting confidence into the investors.

MDX500’s Customer Support

At MDX500, it is all about customer satisfaction and to ensure this is executed, they have put together a team of highly professional and experienced customer support individuals. If you have any trading related query that needs answering, you can always pick up the phone and call their 24/7 support or do live chat with their team.

MDX500 Is Still a Trading Firm

If you are interested in trading and want to give it a shot either through MDX500 or any other brokerage, it is recommended that you first assess yourself. By this, I mean that if you are not patient enough, you will lose your calm and end up incurring more loss than you would already be facing. Because, whether it is real-time trading or virtual, risk factor is always there in the trading business.

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