Main Group FX Review – Trade with an ASIC-regulated broker

About the brand

Main Group FX is a CFD broker that operates internationally, authorized and regulated by the Australian Securities & Investments Commission (ASIC). The brand is witnessing impressive growth at the time of writing, probably as a result of their focus on credibility and customer support.

This has the potential to be the next big broker in Australia, partly thanks to the features that are about to be discussed in the review. Main Group FX has been constantly crafting its trading offer and now it’s able to provide professional trading terms for a large audience of people, regardless of their experience. 

Markets 

You have the ability to trade a wide variety of financial instruments, including forex, indices, stocks, metals and energies. The broker managed to strike an ideal balance between the largest markets in the world and it’s good to see that, since these asset classes are heavily traded by retail traders. 

When it comes to trading costs, Main Group FX employs a flexible approach. More specifically, spreads and commissions depend on your account type. At the same time, you should also consider what assets you want to trade since costs vary among asset classes. 

Platforms

Traders enter the markets using the MetaTrader 5 platform when working with this brand. MT5 is a versatile, secure and feature-rich solution for trading a broad range of assets. It’s no longer used for FX trading only, as it has gone through some major upgrades over the years. 

You can either download and install MT5 on your devices, or use the web-based version that Main Group FX has integrated on its website. Regardless of choice, login credentials are the same and you benefit from the same smooth trading experience. 

Accounts

Upon signing up for an account, traders are asked to choose an account type. Main Group FX offers several different solutions, so as to address a broad range of needs. They are:

• Basic account
• Standard account
• Advanced account
• Premium account
• Pro account

As the table on the broker’s website shows, the number of features attached to each account increases progressively. If you just want to test the waters, the Basic account can suffice and even at this stage, you benefit from an account manager, spreads from 1 pip and the Main Group FX wallet. 

If you move on to a higher account, the broker offers weekly market analysis, funded accounts, and withdrawals without any fees. All customers benefit from excellent customer support, regardless of account size. 

MAM (Multi-Account-Manager) is another interesting service for experienced traders who want to manage multiple accounts simultaneously. Main Group FX designed a single software interface to help you allocate capital and monitor all trades with ease.

Summary 

Based on the trading benefits of Main Group FX that we’ve reviewed here, working with this brand is a solid option. After all, you are dealing with a broker that is regulated by ASIC, which means strong security, transparency and care for your needs. 

This looks like a proactive trading broker, one that is constantly innovating and adding new features. This offer evolved nicely over the last couple of years and now Main Group FX is viewed as the next big broker in Australia.