MWM Group Review 2024 – Another CFD broker worth considering?

MWM Group Review

The first quarter of 2024 has been very positive for online traders. Stock market indices are trading close to all-time highs and Bitcoin managed to surpass $70,000. With risk appetite back where it was two years ago, people want to trade CFDs, as these instruments provide the desired flexibility, regardless of where prices are headed.

MWM Group is a brand offering such services, promising transparency, professionalism, and a customer-centric approach. Is that really the case? Does this brand offer all the necessary tools? Let’s find out together.

Markets

Traders working with the broker can buy CFDs online when markets go up or sell when conditions turn bearish. The list of assets includes currencies, shares, indices, commodities and crypto, all of which are very popular among retail CFD traders.

Spreads look decent at first glance, but be aware that trading costs will depend on your account type. There are multiple choices with MWM Group and most seem affordable based on the deposit requirements.

In terms of execution, the broker claims all trades are filled at the best market price, regardless of the time of day. There are no trading commissions involved, which means the only cost left to consider is the overnight swap. 

Account features

We can label MWM Group as a competitive brokerage because it offers a diversified account tiering. More specifically, traders interested in signing up can choose between Starter, Trader, Business and Ultimate accounts.

Affordability is a keyword here since the company doesn’t charge hefty amounts from customers. You can easily get started with as little as $250. Based on the account you choose, the list of benefits could include: 

• A deposit bonus ranging between 25% to 75%
• Basic or advanced training
• Trading by algorithm
• Support from an account manager 24/5
• Spread discounts
• Webinars
• Trading signals 

Based on the comparison table shared by the company on its website, the list of features is limited for Starter accounts and grows bigger as we move up to Ultimate. 

Security 

Those of you interested in signing up for an account with MWM Group might also want to know whether this broker is secure. Firstly, the brand offers CFDs, which means there is no physical exposure to the underlying securities, you are just taking advantage of the price movements.

Secondly, MWM Group integrates a web-based and user-friendly platform, using some of the latest trading technologies. As long as you set a strong password for your account and keep it private, nobody should be able to access it. 

Last, but not least, the payment methods supported for both deposits and withdrawals are well known, even when it comes to beginner traders. 

Bottom line 

MWM Group offers CFD trading, taking into consideration a broad range of needs. We can say that because customers are able to choose between 4 accounts and many popular CFDs. Registering with the broker is simple and shouldn’t take long, as long as you follow some basic rules.