MplusFX Review

Overall MPlus FX offers a maximum leverage ratio of 1:100. MPlus FX offers spreads starting at 1.5pips for their Standard Account, 1 pip for their Professional Account and 0.5pips for their ECN/STP Account. MPlus FX has an overall rating of 6/10.

MPlus FX at a glance

Overall Rating

• 2.9/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

Not Regulated

Trading Platform

MT4

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

MPlus FX Review – 19 Key Point Quick Overview Revealed (2025):

1. MPlus FX Overview
2. MPlus FX Safety and Security
3. MPlus FX Pros and Cons
4. MPlus FX Leverage
5. MPlus FX Account Types
6. MPlus FX Market instruments
7. MPlus FX Fees and Spreads
8. MPlus FX Deposits and Withdrawals
9. MPlus FX Trading platform
10. How to open an account with MPlus FX
11. MPlus FX Customer support
12. MPlus FX Education
13. MPlus FX Research
14. MPlus FX Awards
15. MPlus FX vs EverestCM vs TigerWit – A Comparison
16. MPlus FX Current Popularity Trend
17. Conclusion
18. Disclaimer
19. Frequently asked questions

MPlus FX Overview

According to research in South Africa MPlus FX is an online Forex and CFD brokerage firm founded in 2015 and headquartered in Cyprus.

The company’s main goal is to create an environment where traders can finally focus exclusively on trading, this is achieved by the broker claiming to offer the best in terms of pricing and technology.

MPlus FX Safety and Security

One of the best benchmarks to measure the safety of a broker like MPlus FX, is to establish which regulating authorities are watchdogs over its actions. Unfortunately there is no information available regarding a regulatory authority on M Plus FX’s website, this leads one to believe the company is completely unregulated.

MPlus FX Pros and Cons

MPlus FX Leverage

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged. MPlus FX offers a maximum leverage ratio of 1:100

MPlus FX Account Types

A forex account at M Plus FX is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith. Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.

MPlus FX offers the following types of accounts:

Standard Account – This account type is aimed at beginners, it has a minimum deposit requirement of only 10 USD, spreads 1.5pips and a maximum leverage of 1:100

Professional Account – This account type is aimed at those who have experience in forex trading, there is a minimum deposit requirement of 500 USD, spreads from 1pip and a maximum leverage of 1:100

ECN/STP Account – This account type is aimed at advanced traders who are comfortable in the world of forex trading, there is a minimum deposit requirement of 1000 USD, spreads from 0.5pips and a maximum leverage of 1:100

Overall Rating

• 2.9/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

Not Regulated

Trading Platform

MT4

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

MPlus FX Market instruments

The most popular market instruments available from most brokers for trading include:

Forex

Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management.

Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

Indices

Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

Precious metals

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

M Plus FX offers the following of the above:

30 currency pairs

Precious metals

CFDs

MPlus FX Fees and Spreads

Cost depends on different factors, like spread and margins, and M Plus FX clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

MPlus FX offers spreads starting at 1.5pips for their Standard Account, 1 pip for their Professional Account and 0.5pips for their ECN/STP Account. There are no other commissions charged for these accounts.

MPlus FX Deposits and Withdrawals

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.

In the case of MPlus FX the following methods and minimum deposits are required:

Wire Transfer

E Payments

Skrill

Neteller

Perfect Money

PayTrust

Fasapay

Help2pay

There are no withdrawal fees charged, however, there is a minimum withdrawal requirement of 10 USD and a minimum deposit requirement of 10 USD.

MPlus FX Trading platform

The forex trading platform provided by MPlus FX to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

M Plus FX provides the very popular MetaTrader4 platform, there is:

MetaTrader4 Webtrader

MetaTrader4 download for pc

MetaTrader4 Mobile

How to open an account with MPlus FX

Similarly to a bank, to register a forex trading account with M Plus FX for the first time, you will be required to go through a basic “know your customer” process.

This will allow MPlus FX to ascertain that your submitted details and ensure the safety of your funds and account details.

With M Plus FX the process entails logging onto their website and picking out the account type that is best for you, based on your trading skill level, filling out the registration page and then answering further basic questions about your financial situation.

You may have to submit documentation like your ID or proof of residence and then wait for your account to go live.

Overall Rating

• 2.9/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

Not Regulated

Trading Platform

MT4

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

MPlus FX Customer support

Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it. In the case of MPlus FX customers can reach the support team via email, telephone or send an email request form.

MPlus FX Education

Before starting to trade, potential clients of MPlus FX should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. It seems that there is no educational material available on the M Plus FX website.

MPlus FX Research

To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.

With MPlus FX they have access to technical indicators, news feed, market analysis, an economic calendar and more with the MetaTrader4 platform, M Plus FX does not seem to offer any further bespoke research tools.

MPlus FX Awards

Although MPlus FX is acclaimed by customers, there is no indication of awards won on its homepage.

MPlus FX vs EverestCM vs TigerWit – A Comparison

MPlus FX Current Popularity Trend

As According to Google Trends, here is an overview of how frequently the search term – “MPlus FX” is entered into Google’s search engine over a given period of time.

Conclusion

MPlus FX can be described as a company that has a lot of likeable aspects, a major one being the withdrawal policy of 0% commission and the ability to trade in precious metals. They have low deposit requirements and good spreads but they are lacking in educational material and proper regulation.

Overall Rating

• 2.9/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

Not Regulated

Trading Platform

MT4

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Disclaimer

M Plus FX warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

Before deciding to trade with M Plus FX, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

M Plus FX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable. M Plus FX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Frequently asked questions

TRADING ENVIRONMENT

How many instruments can I trade with M Plus FX?

You can trade three different instruments with M Plus FX, which include the following:

• 30 currency pairs
• CFDs
• Precious metals

Which platforms are supported by M Plus FX?

M Plus FX provides the following popular trading platforms:

• MetaTrader4 webtrader
• MetaTrader4 mobile
• MetaTrader4 download for pc

Does M Plus FX offer leverage?

Yes, M Plus FX offers a maximum leverage of 1:100

What spreads can I expect with M Plus FX?

M Plus FX offers spreads starting at 1.5pips for their Standard Account, 1 pip for their Professional Account and 0.5pips for their ECN/STP Account

If details on the website is not comprehensive, more information can be obtained from the customer support service.

Does M Plus FX charge commission?

No, more information on commissions can be obtained from the customer support service.

Is M Plus FX regulated?

No

Is M Plus FX a recommended forex trading broker for experts and beginners?

M Plus FX offers a fair-trading environment for all types of traders/beginners/experienced traders.

What is the overall rating out of 10 for M Plus FX?

6/10

ACCOUNTS

What is the difference between a demo and live trading account?

A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customers actual money.

Does M Plus FX offer a demo account?

No

How long is the demo account valid?

There is no demo account provided

Which live trading accounts does M Plus FX offer?

• Standard Account
• Professional Account
• ECN/STP Account

What are the available deposit currencies for a live trading account?

USD and EUR

DEPOSITS AND WITHDRAWALS

What is the minimum deposit for M Plus FX?

10 USD

 How do you make a deposit and withdrawal with M Plus FX?

M Plus FX offers the following deposit and withdrawal methods:

• Wire Transfer
• E Payments
• Skrill
• Neteller
• Perfect Money
• PayTrust
• Fasapay
• Help2pay

Withdrawals can be done via:

• Wire Transfer
• E Payments
• Skrill
• Neteller
• Perfect Money
• PayTrust
• Fasapay
• Help2pay

Does M Plus FX charge withdrawal fees?

No, but fees from financial institution may apply

How long does it take to make a withdrawal?

Withdrawals usually takes 3 working days.