Looking to read MintXMarkets reviews, you are in the right place. Should you trade with MintXMarkets.com? Read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is MintXMarkets?
MintXMarkets FX otherwise known as Ontariofx.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims registered address in Marshall island.
On the website, the broker offers different account types and demo account such as
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
What We Discovered about Mintxmarkets.com Regulation
First of, MintXMarkets is registered in the Marshall Islands. What to know, the Marshall Islands is a nation where a forex brokerage can incorporate itself without having a physical presence on its territory, making it extremally easy for all sorts of shady players to open an online business.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly putting your funds at a risk of scam.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
MintXMarkets Minimum Deposit
The broker MintXMarkets FX has specified $1 as its minimum deposit. While this is a fair deposit, it is indeed very affordable – but is no reason to choose a scam broker over a legitimate one.
In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, the MintXMarkets broker accepts deposit via Bitcoin.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
MintXMarkets FX offers the MT5, but everything about it seemed way too shady to be taken seriously, or even worth the risk.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
MintXMarkets leverage is max 1:200. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
MintXMarkets Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
MintXMarkets located at Mintxmarkets.com claims to appear like a trustworthy trading broker, however, you should not take the words they say. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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