Do you want to supplement your income? Maybe you are looking for an investment vehicle that can give you high returns? In today’s fast-paced world, the financial markets provide endless opportunities for people to explore when they want to earn big and that too in a short span of time. With a massive number of trading instruments available, you don’t have to worry about running out of opportunities anytime soon. Most importantly, there is no one stopping you from entering this market, even if you don’t have any trading background, experience or knowledge. Similarly, you don’t have to start with copious amounts of money either.
Thanks to online trading, you can begin even with a small investment and increase it as you go along. However, you do need a broker in order to trade in the financial markets because they provide you with trading platforms, tools and other trading services. With the market teeming with brokers, you will not have a problem in finding brokers. Choosing one, one the other hand, is a completely different ball game. If you don’t make the right decision, you will be extremely frustrated and have to put up with a lot of hassle, which you want to avoid.
Therefore, it is best to do your research beforehand in order to choose the right broker in the first go. One of the numerous brokers you will find in the market is MDX500.com, which was founded by BlueData OU, a company with a registered address in Estonia. This is a forex and CFD broker, which is properly licensed and regulated by the Estonian Ministry of Economics and the Financial Intelligence Unit. This is an assurance that it is a legitimate entity and can provide high standards of service. But, your research shouldn’t stop here.
You need to know if the broker’s offerings are in accordance with your needs. Let’s find out if MDX500 can cater to you:
To start with, you need to know if a broker is offering the trading instruments you wish to trade. Some traders do have specific instruments in mind, while others know that diversification is the way to go. No matter which category you fall into, MDX500 can work out for you because they have a diverse asset index. As stated earlier, they are a forex broker, which means you will be able to trade foreign currency pairs without any problems. The broker offers you a variety of pairs, including but not limited to EUR/USD, USD/JPY, GBP/USD and USD/CHF.
Apart from this, MDX500 also offers a wide range of CFDs (Contract for Difference) to traders, which enable you to trade in different markets. You can trade an array of commodities on the broker’s platform, which include precious metals like gold and silver, agricultural products like corn, coffee and cocoa and natural energies like crude oil. The world’s top indices like S&P 500, FTSE 100 and more can also be traded, along with government bonds. Plus, the broker has added cryptocurrencies to its asset index as well, so you can trade Bitcoin, Ethereum, Litecoin and Ripple, amongst others.
Knowing what trading platform you will be trading on is of the utmost importance because most of your trading experience will depend on this particular software. It is used for trade execution, monitoring the market and keeping track of all your trading activity. Thus, it needs to do its job right for you to be able to trade easily and smoothly. At MDX500, you will come across the Active8 trading platform, which needs to be downloaded on your device and it takes only a couple of minutes. The platform is not lacking in any way and comes with a host of trading features and tools for assisting its users.
With this platform, traders can enjoy ultra-fast trading execution and get access to the latest market news, allowing them to capitalize on all movements. You will also receive data in real-time about changes in market prices, along with risk management tools that help you create losses under control. Traders don’t need to worry about any learning curve because the platform is very easy to use and it also provides you with trading reports to help you improve your decision-making. Apart from this desktop-based trading platform, you will also come mobile trading apps on MDX500 for both iOS and Android devices. These allow you to trade on the go, regardless of where you are or what time it is.
After you have checked the assets and the trading platform, you should take a look at the broker’s registration process to ensure it is not too complicated. Some brokers do have a very time-consuming procedure that often causes traders to leave it halfway. MDX500’s registration process involves filling out one form on their website and you will be registered instantly. You have to provide some very basic information in the form, so it doesn’t take long to complete.
The form asks you for your first name, last name, your postal code, and home address, along with your phone number. You need to choose your country and enter your email address and password. MDX500 also gives you three account currencies to choose from i.e. AUD, GBP, and EUR. Lastly, it requires you to confirm that you are at least 18 years old and agree to the broker’s Terms and Conditions. These are mentioned on their website and you can go over them before you agree.
Apart from these features, you will also find a range of educational resources offered by the broker for enhancing your knowledge and giving you guidance. It also offers you numerous account choices to choose from, which allows you to select one that suits your trading style. MDX500 has competitive trading conditions that enable you to maximize your returns and also provides excellent security measures to help you trade without any worries troubling you.