About MXC Group
Company Overview
MXC Group is a forex and CFD broker registered in Malaysia, with an address in Labuan. It was founded in April 2019 and operates through the website mxcforex.com. The broker offers a range of trading instruments including forex currency pairs, metals, crude oil, energy products, and cryptocurrencies.
The company states it was formerly regulated by the Labuan Financial Services Authority (LFSA), but according to our records, it does not currently hold an active regulatory licence from any financial authority.
Regulation and Licensing
Our records indicate that MXC Group has no regulatory licences on file. While the broker claims to have been previously regulated by LFSA, that status is not current. Operating without a regulatory licence means traders do not have access to compensation schemes or formal oversight, which increases the risk profile.
Traders should be aware that unregulated brokers lack the safeguards provided by regulated entities, such as segregated client accounts or dispute resolution mechanisms.
Account Types
MXC Group provides four account types: VIP, PERFECT, STANDARD, and GOLD. The GOLD account offers a maximum leverage of 1:500, while the other three accounts are limited to 1:100 leverage. Minimum deposit amounts for each account type are not specified on the broker's site.
However, the company states a general minimum deposit of $10, indicating a low barrier to entry for new traders. Leverage levels vary by account, allowing traders to choose based on their risk tolerance.
Trading Platforms and Instruments
The broker offers the MetaTrader 4 (MT4) platform, a widely used trading platform known for its reliability, advanced charting tools, and support for automated trading via Expert Advisors. MT4 is available for desktop, web, and mobile devices.
Traders can access a variety of instruments: forex pairs, metals (gold and silver), crude oil, energy products, and cryptocurrencies. This range provides diversification opportunities within a single account.
Funding and Withdrawals
Specific funding methods are not detailed in our records, but the broker lists a minimum deposit of $10, suggesting a low entry point. Typical payment methods for brokers in the region may include bank transfers, credit/debit cards, and e-wallets, though this is unconfirmed.
Withdrawal policies are also not publicly disclosed. Traders should exercise caution and verify any fees or processing times directly with the broker before depositing funds.
Customer Support and Social Media
MXC Group maintains a presence on Facebook, LinkedIn, and YouTube, which may serve as channels for customer engagement and educational content. However, direct contact details such as phone numbers or email addresses are not clearly provided on the website.
Traders seeking support may need to rely on social media channels or the website's contact form. The level of customer service responsiveness is not independently verified.
Overview compiled by FXCanary from regulatory records and public data. full MXC Group review