Information about MTBankFX:
MTBankFX is a forex banking platform in Belarus created by MTBank in partnership with Dukascopy Bank SA. MTBankFX provides its clients with direct access to international liquidity through the Swiss trading platform – SWFX, which specializes in institutional liquidity and instant execution.
Forex platform MTBankFX has been operating in Belarus since July 12, 2016.
The official website provides limited information about the company’s services. For a more detailed study of trading conditions, we were unable to send a request to the company, since the feedback form is currently not working. No other contact information could be found on the official website.
As soon as we manage to get in touch with the company, we will add more detailed information to the profile.
MTBankFX Bank provides one trading account for opening.
PLEASE NOTE! Only citizens of Belarus and those who have a residence permit in this country can open an account with MTBankFX.
Trading will be carried out on the basis of the MTBankFX trading platform, which is also available in mobile versions and on the Web. The minimum margin requirement on the trading account (by default) is set at 20 USD. But you can change the Stop Loss level by setting it not lower than the one set by the bank. Let’s clarify some points on the trading conditions:
For automatic procedures Margin Call and Margin Cut:
If you use a leverage of 100% or more, you will not be able to increase your exposure on your trading account. If the leverage reaches 200%, the system will automatically open hedging trades in the opposite direction in order to reduce the leverage to 100% or lower, depending on the settings.
You can replenish your account and withdraw funds only through an MTBank payment card. For transactions, you can only use the card that you own. The card must be issued in US dollars.
PLEASE NOTE: The interests of traders who choose MTBankFX will be protected by legislation. According to official data, MTBank, which has the necessary licenses, is the guarantor of the fulfillment of obligations. And operations for replenishment and refund of funds are carried out using his payment card issued by MTBank. Also, the financial institution guarantees ease of withdrawal of funds: 95% of funds can be returned to the trader’s payment card within one business day, a full withdrawal of funds can take up to two business days.
Funds can be withdrawn to any current account opened in US dollars in your name with MTBank.