Score
MedFX
South Africa|5-10 years| https://medbondforex.com/
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Single Core
1G
40G
Contact number
+27 87 897 5661
+852 22551 1540
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Broker Information
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MedFX
MedFX
South Africa
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- South AfricaFSCA (license number: 48544) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- This broker exceeds the business scope regulated by South Africa FSCA(license number: 48544)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | $500 |
| Minimum Spread | from 1.6 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 Lot |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | $20,000 |
| Minimum Spread | 1.2 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 Lot |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | $500 |
| Minimum Spread | from 1.6 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 Lot |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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MedFX · Company Summary
General Information & Regulation
MedFX was established in 2013 by a group of investment bankers and insurance team to provide investors with market trading services. MedFX is authorized and regulated by the FSCA in South Africa, regulatory Number: 50113. However, this license is suspected to be over-limit operation.
Market Instruments
Tradable financial trading assets MedFX offers to investors include forex currency pairs, spot metals, CFDs, and indices.
MedFX Minimum Deposit
To meet the needs and trading experience of different investors, MedFX offers three different types of trading accounts: Standrad, Professional, and Privilege. The minimum deposit to start the Standard account is $500, much higher than sector standards. Most brokers only requires an initial deposit of $100-$200.
MedFX Leverage
When it comes to the trading leverage, the maximum trading leverage offered by MedFX is up to 1:200. Inexperienced traders are not advised to use high leverage in case of heavy fund losses.
Spreads & Commissions
Spreads and commissions vary from different account types. The spread on EUR/USD pair start from 1.6 pips, same as that in the Privilege account. The spread on the EUR/USD pair in the Professional account is from 1.2 pips, no additional commissions charged for forex trading on these three accounts.
MedFX Trading Platform
MedFX offers traders the most popular trading platform on the market today, MT5, as well as MT5 Web, Desktop, Android, and iOS versions. MT5 offers more powerful features than MT4, in addition to better functionality and trading features than many other online trading platforms available today. With MT5, MetaQuotes software increases the number of available technical analysis tools and provides more charting and timeline options. Problems such as limited types of pending orders and the inability to separate or quickly ask/purchase with a few clicks have been eliminated, and trading is made easier and smoother with the additional for-traders feature.
Deposit & Withdrawal
MedFX supports traders to deposit and withdraw funds to their investment accounts via wire transfer, CoinPayments, Bitcoin Payments, Neteller, and Rapyd payment methods.
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