About Main Group FX
MainGroupFX is a CFD broker that is licensed by the Australian Securities and Investments Commission (ASIC), promising full transparency and a secure trading environment. The brand currently covers a broad range of markets and provides access to advanced trading software for anyone who wishes to sign up.
Choosing to work with this company in 2023 might be a good idea, considering the tools and features that are part of the offer. As we are about to see, opening an account with Main Group FX is also cheap, which is why we decided to give a thorough analysis of what this brand really has to offer.
Markets
You have so many options when trading with MainGroupFX in terms of assets because the broker covers forex, stocks, indices, metals, and energies. These are all very liquid, popular, and attractive assets these days – and the trading costs are accordingly.
Speaking of costs, spreads and commissions are what the broker charges, and they depend on your account type. Also, overnight swaps enter the picture in the case of swing traders who plan on keeping trades open for more than a day. The broker shares all of the details you need to know on its website. You’ll also find a comprehensive table including all the relevant info you might want to know about each trading instrument.
Account types
Moving on to account types, Silver is by far the most attractive, based on the deposit requirement. You can open it in exchange for 250 USD and benefit from spreads as low as 1.2 pips, 1 pip commission, and up to 1:50 leverage. Also, Main Group FX allows customers to choose between USD, EUR, and GBP as their base currencies.
Gold, Platinum, and VIP accounts require a larger deposit but they also offer tighter spreads, lower commissions, and leverage of up to 1:300. The variety of accounts, in our view, suggests that the broker targets a very large pool of traders. Anyone interested to trade the markets is welcome to sign up for an account.
Market analysis
In case you are interested to learn about the markets, Main Group FX shares a variety of resources with its registered clients. The list includes eBooks, webinars, blog posts, seminars, and comprehensive videos.
Education is not designed for beginners solely. Even traders who have been around for a decent amount of time might need to learn more about the markets. This is a fast-paced industry and it’s essential to stay updated with all the latest developments. The newsroom is where you can find forex news, market insights, and analysis for all the markets covered by Main Group FX.
Summary
To conclude, MainGroupFX is a regulated CFD broker that promises attractive trading terms. It has broad market coverage, several account types and useful market resources, which shows that it is committed to helping all customers. Opening an account is a straightforward process and the deposit requirement for a Silver account is decent. The broker has fast customer support when using its live chat feature. That way, users can get fast answers to their inquiries at any point throughout the week.