Match X Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this Match X Review.

Match X Review

Clients of Match X are offered a choice of 2 account types – Starter and Premium. Both accounts are commission-free and swap-free, however we could not find information about the minimum initial deposits required to open neither of them. The first one offers fixed spreads and the second – variable. Unfortunately, we find both variable and fixed spreads excessively high. For example, global brokerage HYCM offers spread fixed at 1.8 pips on EUR/USD on its Standard account types. For further information, you may look up real-time spreads of 15 leading brokers here.

Unlike most brokers, who offer micro tradable lots on beginner accounts, Match X provides such lots on Premium accounts only. We would also like to warn you not to use the maximum leverage levels offered by this broker, as proper risk management becomes very difficult.

Hedging and EAs are allowed with this broker, while scalping is restricted with a 3 minutes duration rule.

The Company. Security of Funds

Company

Country

Regulation

Match X Limited

Vanuatu

VFSC

Match X does not mention anything on its website regarding its headquarters and regulation. It only provides a phone number that is in the UK. When we researched the company behind the brand in the Internet, we found out that it holds a dealer in securities license with the Vanuatu Financial Services commission. Indeed, there is no need to brag about a license, issued by some offshore organization.

In order to get a license from VFSC, forex and binary options brokers must simply register, pay some low-cost fees and meet a minimum capital adequacy requirement of just $2000.

According to us, offshore regulated brokers should be avoided as a general rule, no matter what their claims are, as the rules and requirements applicable to them are very lax, if any. That is why, we would advise you to select a forex broker licensed in Cyprus or UK, or for instance, where regulation is strict and there are compensation schemes, which will protect your money if your broker becomes insolvent.

Trading Platform

Like most brokers, this one also supports MetaTrader 4 (MT4). This platform offers a number of technical indicators, advanced charting package, extensive back-testing options and wide range of Expert Advisors (EA), allowing clients to fully automate their trades. What is more, the platform’s user-friendly interface allows even inexperienced traders to easily find their way around it.

Promotions

Currently this broker offers its clients up to 20% deposit bonus on every investment on for any trading accounts.

Methods of Payment

There is no information about the payment methods supported by Match X. We believe that at least bank wire transfer and payments via credit/debit cards must be available.

The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

Match X Review Conclusion

For more information about currency trading brokers visit forex brokers comparison website, Tip foreign exchange trading experts please by share this article about Match X Review.

In this article