MainGroupFX review – Why you should consider this broker

About MainGroupFX

MainGroupFX is a multi-asset broker that claims to be a strong proponent of transparency. On top of that, it seems to have put in an effort to establish high standards in terms of safety for client funds and privacy. According to the information shared by the brand, when traders make a deposit, funds are kept in major international banks, fully segregated from the company’s own funds – and that is a good preliminary sign.

The trading offer assembled by MainGroupFX is a combination of attractive pricing, superb execution speed, cutting-edge platforms, wide product range, extensive customer support and thorough market analysis. That’s not enough, though. Let’s see what else they have to offer.

License and regulation

The most important thing you should know about MainGroupFX is that, as opposed to many other trading brands out there, it holds a license to provide financial services from ASIC (the Australian Securities and Investments Commission). This license is relevant to traders from all over the world (where online trading is allowed), since it means that they can work with a brand that abides by strict rules when it comes to how it operates. 

It also means that a reputed international financial authority is overseeing how funds are transferred, stored and kept away from any danger. Sadly, we’ve witnessed many online frauds in the past, and a license such as the one MainGroupFX holds ensures that somebody is making sure your money is safe. We can’t emphasize enough how critical that is.

Accounts

We can assume that MainGroupFX provides adequate trading for beginners since it’s possible to open a demo account in order to test your strategy first. Also, the Silver live account requires a $250 deposit, a relatively low and affordable figure. 

The offering includes Gold, Platinum and VIP accounts as well, incorporating lower spreads, a higher maximum leverage and trading commissions as low as 0%. 

Opening an account is a straightforward process. Register, verify your ID, select your plan and then start trading after making an initial deposit. If you need guidance, Main Group FX can be contacted via live chat on their website. It’s the fastest way to engage with an agent anytime you want information. 

Trading education

Before moving on to practice, traders interested in learning how to trade need access to information. MainGroupFX offers eBooks, live forex seminars, access to market news, analysis, market insights and an economic calendar. 

These are useful resources to understand the basics and stay updated with technical/fundamental factors that might have a substantial impact on asset price movements. The good news is that access to these resources is not conditioned by anything when working with MainGroupFX. All you need to do is hold a trading account with them. 

Summary

MainGroupFX managed to create an interesting trading offer combining low costs, decent deposit requirements, plenty of educational tools and fast customer support. These are vital in 2023 and should act as favorable factors when someone considers opening an account with the broker.