MTFXG group includes 2 related companies.
MTFXG KZ - located in Kazakhstan, regulated by the Agency for Regulation and Development of the Financial Market (ARDFM).
MTFXG SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
MTFXG group accepts clients from all over the world, excluding USA and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
|80+ Currency Pairs||Based on major and minor world currencies.|
|40+ Crypto Pairs||Based on Cardano, Algorand, Cosmos, Avalanche. Axie Infinity, BAT, Bitcoin, Bitcoin Cash, BNB, Curve, Dogecoin, Polkadot, Dash, EOS, Ethereum, Filecoin, 1inch, Iota, Chainlink, Loopring, Litecoin, Maker, Polygon, Neo, Near, OmiseGO, Harmony, Sandbox, Solana, Sushi, Tron, Uniswap, VeChain, Lumen, Monero, Ripple, Tezos, Zcash.|
|13 Indice CFDs||Based on baskets of different blue-chip stocks.|
|13 Metal CFDs||Based on Gold, Silver, Platinum, Palladium and Copper.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|100+ Stock CFDs||Based on shares of US, UK and EU companies.|
MTFXG is a forex broker established as recently as in 2022 and headquartered in Kazakhstan, with an additional branch registered in Saint Vincent and the Grenadines. The broker offers very high trading leverage, a range of instruments, and trading on the classic MetaTrader 4 (MT4) platform.
A special thing about MTFXG is the so-called grid trading bot it offers to its clients. The bot, which can also be customized by users, essentially allows traders to automate their trading and take advantage of volatility by setting up pre-defined levels in a “grid” where the bot will buy and sell an instrument. This is a well-known trading strategy that is often used by hedge funds and professional traders, and is often believed to be profitable when a market is fluctuating within a defined range.
In terms of instruments that can be traded, MTFXG offers a selection that broadly speaking is similar to most other forex brokers we have reviewed here on FX-List. However, it’s worth noting that this broker does have an unusually large selection when it comes to forex pairs, with more than 80 pairs to choose from. In addition, there are more than 40 crypto pairs currently supported, stocks from more than 100 companies listed in the US and Europe, as well as major stock indices and commodities.
As usual, all of the instruments are traded as CFDs, with leverage going as high as 1:1,000. Such high trading leverage is possible because of MTFXG offshore registration in Saint Vincent and the Grenadines, where forex brokers are not regulated by the government. However, the lack of proper regulation for this broker is also something potential clients should be aware of, as it could increase risks in the event of a bankruptcy or similar event.
Once a new user has decided to sign up with MTFXG, it’s time to choose which type of trading account to go with. For that, this broker has an STP-style Standard account with wider spreads and commission-free trading, two ECN accounts with smaller spreads and commissions on trades, and a Pro account with the best conditions and access to certain trading tools for a minimum deposit of USD 10,000.
Trading accounts can be funded with either bank transfers, major payment cards, e-wallets like Skrill and Neteller, or the cryptocurrencies Bitcoin, XRP and Tether.
To reach MTFXG, clients can use live chat via the broker’s website or send an email. The broker also has a Telegram channel for announcements that unfortunately only allows for one-way communication. There is no phone number listed anywhere on the broker’s website.
One tip for traders who for any reason struggle to get a hold of a broker when they need it is to reach out to it via public social media networks like Facebook or Twitter, as this is something companies usually prioritize to respond to. MTFXG has accounts on both of these social networks.
All in all, we believe there are a few things potential clients should consider before signing up with MTFXG. First, the broker is relatively new, and therefore has a limited track record and few reviews available online. Second, most users will be trading under this broker’s offshore-based entity, which is unregulated. As always, this adds some risks for users.
For those who still feel comfortable depositing money with this broker, however, the offering is fairly good in terms of the number of trading instruments it has and the special trading tools it offers access to. As a result, this broker could be worth a try for traders seeking high leverage and trading on the familiar MT4 platform.