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May 13, 2016

Question:Is MXTrade regulated? Is it safe to make a deposit and trade?

MXTrade - What's now?

We are no longer promoting MXTrade. The information regarding to MXTrade on the website 'Hercules.Finance' maybe outdated. ref. MXTrade


Please note that MXTrade has terminated the contracts and we are not allowed to introduce this Broker.

Answer:

MXTrade is not regulated by any recognized regulators but the broker has registered its financial business in IFSC in Belize.

Please note that the IFSC regulation is not applicable to Europe Zone.

Profit Cancellation by MXTrade

Many traders have reported that MXTrade cancels profits generated in its trading platforms and having trouble withdrawing their funds.

Also the Broker states that it does not allow some profitable trading methods such as:

  • Scalping
  • EAs/Algorithm Trading
  • Arbitrage
  • API Trading

And in case you are a profitable trader, you are not allowed to trade with MXTrade, as the broker nullifies profits generated if they believe that the traders is a professional trader. 

In case you are looking to trade with MXTrade, please confirm that your trading methods are allowed with the support team.

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