MainGroupFX review 2023 – The next big broker in Australia?

Introduction

In our search for brokers to review, we recently stumbled upon Main Group FX. This seems to be a credible and supportive broker and currently it certainly benefits from increased attention. This brand is ASIC-regulated, providing many safety features that are essential to engage in the markets with peace of mind. Moreover, there is evidence that this is the next big broker in Australia (and we’ll tell you more about that in this review), so if you haven’t heard about it, now is the time.

FX and CFD trading 

Forex trading is one of the main features with this brand. When you sign up, you have access to over 55 major, cross and exotic pairs. If you are not yet familiar with this market, no need to worry, since the broker offers resources to help you learn about forex. 

Additionally, the range of CFDs available includes stocks, indices, metals and energies, all of which are very appealing these days. With a diverse list of instruments at your disposal, finding the appropriate assets becomes a lot more convenient. 

This broker employs a competitive cost structure, ensuring its clients can buy/sell the above-mentioned CFDs with tight spreads and commissions. Main Group FX excels when it comes to optimized trading solutions, premium trading technology and comprehensive market analysis. 

MetaTrader 5

Another important strength of this broker is the trading software. MetaTrader 5 is a well-known platform among CFD traders and it happens to be the solution that was chosen by Main Group FX. Compatible with all devices and accessible via browser, it provides you with the opportunity to stay connected to the markets around the clock.

MT5 has tens of indicators, advanced charting, drawing tools, multiple order types and risk management. Trading professionally requires a rules-based approach and useful features, so this platform can be very helpful in that sense. 

Trading features

In order to know what features you get with MainGroupFX, you should first pick an account type. Basic, Standard, Advanced, Premium and Pro are the options laid down by the broker. 

Alongside competitive spreads/commissions, weekly market analysis and support from an account manager, you can access some other useful resources as well. The broker shares webinars and e-books in the Trading Education section, addressing those who are eager to learn about trading. 

Daily market analysis, economic calendars, forex news updates and market insights are all part of the Market Analysis section, where MainGroupFX regularly updates traders with relevant content. 

It looks like this company is able to keep pace with all the latest trends and customers have access to MAM (Multi-Account-Manager) services, funded accounts and other optimized trading solutions. 

Bottom line

The growth path witnessed by Main Group FX is quite impressive and traders today deem this brand as credible and trustworthy. This shouldn’t come as a surprise, considering the ASIC license that the company holds, on top of the efforts made to constantly upgrade the trading offer. Choosing MainGroupFX as your broker means access to top financial markets, an established platform, market analysis resources, competitive trading costs and other innovative trading features.