MainGroupFX Review – Trade a wide range of markets with a regulated broker

About MainGroupFX

Main Group FX is a CFD broker that holds an Australian Financial Services License, issued by the Australian Securities and Investments Commission (ASIC). It promises secure and transparent trading conditions for any user choosing to open a live trading account. Can it deliver on the promise, though? Let’s find out.

When it comes to the actual benefits, traders can unlock several interesting features, depending on what account type they choose. Since trading conditions are diverse, we would like to dig deeper into the offer assembled by the broker. 

Trading products

You can buy or sell CFDs based on popular markets, including FX, shares, indices, metals and energies. MainGroupFX keeps a broad vision, probably because nowadays traders are interested in diversification. 

The maximum leverage for FX trading available with this brand is 1:300, if you choose a VIP account. For Silver accounts, which are currently the most affordable from a deposit requirement standpoint, traders can access up to 1:50 leverage. Spreads and commissions are influenced by the account type as well. 

However, there are no concessions made in terms of execution and security. All customers benefit from segregation, transparency and the latest trading technologies implemented by Main Group FX. 

Account solutions

Silver is the entry-level solution when working with this broker. With it, you can test live trading conditions in exchange for a $250 deposit. This figure is affordable for most people and ensures anyone can enter financial markets to trade. 

Spreads are as low as 1.2 pips (for top FX pairs) and there’s also a 1 pip commission per trade. You can choose an account currency between USD, EUR, or GBP. You can go for a demo account and trade with virtual funds if you want to see the overall ecosystem. 

On the other hand, seasoned traders have access to premium conditions with Gold, Platinum, and VIP accounts. Although deposit requirements increase, MainGroupFX offers spreads as low as zero pips and no trading commissions. The maximum leverage also increases up to 1:300, providing more purchasing power to traders. 

News and analysis

Traders have access to forex market news via a dedicated section designed by the broker. They can read insightful articles about some of the latest topics that could have an impact on currency exchange rates. Moreover, the news includes all the other markets covered by Main Group FX. 

Speaking of trading education, live Forex seminars, eBooks, a trading glossary and daily market analysis are offered to create an environment in which traders enrich their knowledge. These aren’t just for beginners, but for any traders who wants to learn more about financial markets. 

Final thoughts

Based on trading conditions facilitated by Main Group FX, we can recommend this CFD broker. Traders benefit from strong security, transparency and an ASIC-regulated trading brand. Because of that, you are able to engage the markets with confidence, rest assured the company works for your best interests. If you want to learn more about features available with Main Group FX, there’s plenty of information on their website.