mcctradefx.com is an online CFD trading website launched in September 2024 under the brand name "Mcc". The site offers investors CFD trading on assets including forex, precious metals, crude oil, indices, and cryptocurrencies, but will not provide services in regions where it is contrary to local laws and regulations.
Platform Service Overview
Trading Accounts
mcctradefx.com offers trading accounts with spreads starting from 1 pip and provides leverage from 1:100 to 1:500. The margin call/stop out levels are set at 100%/50% respectively.
However, the platform does not specify minimum deposit requirements and does not provide detailed information regarding trading commissions and other fees.
Trading Platform
The platform claims to support the ST5 trading platform, suitable for desktop and mobile devices. The ST5 platform features advanced charting tools, over 50 built-in technical indicators, and offers intraday analysis tools.
However, when clicking on the mobile app download links provided on the official website, the App Store and Google Play show app names ACMJ and RTHYUTG, which do not correspond to the claimed ST5 platform.
Trading Products
Forex
The platform offers trading in a variety of forex pairs, including major pairs like EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
Precious Metals
Users can trade spot precious metals such as gold (XAU/USD) and silver (XAG/USD).
Crude Oil
The platform supports CFD trading on U.S. crude oil (USOIL).
Indices
It offers trading on major global indices, such as the Nikkei 225 (N225), German DAX (GER30), and S&P 500 (US500).
Cryptocurrencies
The platform also provides trading in cryptocurrency pairs, including major cryptocurrencies like Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Deposit and Withdrawal Methods
mcctradefx.com does not disclose its supported deposit and withdrawal methods, nor does it specify whether there are additional fees during the deposit and withdrawal process. This lack of transparency may cause inconvenience for users.
Contact and Social Media
The platform does not offer official accounts on major social media sites such as Facebook, Instagram, and Twitter. Users can only contact the platform through the online contact form or email provided on the official website.
Company Background and Regulatory Information
Company Background
According to information provided by mcctradefx.com, Mcc is headquartered in Australia, and its subsidiaries are authorized and regulated by the Australian Securities and Investments Commission (ASIC), undergoing strict audits and supervision with a license number of 488828.
However, on the "Company Profile" page of the website, the broker claims that Mcc is headquartered in Tulsa, Oklahoma, providing retail and commercial banking services in the Midwestern and Southwestern United States. It is listed among the 50 largest financial services companies in the U.S. and is the largest financial services company in Oklahoma. The company also has subsidiaries in Japan.
Regulatory Information
Upon verification, the ASIC website indicates that the license number 488828 belongs to STAR FUNDS MANAGEMENT PTY LTD, with their website being www.starfunds.com.au, rather than mcctradefx.com.
Additionally, there is no broker named Mcc found on the FINRA website in the United States.
Conclusion
mcctradefx.com is a CFD trading platform established in 2024, but its regulatory information is plagiarized from other companies, and the company description on the website is contradictory. In fact, the site lacks a real corporate entity and is not authorized or regulated by any financial regulatory institution.
Risk Warning: CFD trading is a high-risk investment. Market volatility may lead to the loss of principal, and leverage can amplify risks and potential returns. It is recommended that investors fully understand market volatility and the trading mechanism of CFDs, assess their own risk tolerance, and operate only with sufficient experience to avoid blind investing.
