The van't Hoff factor \( i \) is related to the degree of dissociation \( \alpha \) by the equation:
\[
i = 1 + \alpha (n - 1)
\]
where \( n \) is the number of ions into which the compound dissociates. For \( \text{MX}_3 \), \( n = 4 \) (since it dissociates into \( \text{M}^{4+} \) and 3 \( \text{X}^- \)).
Given that \( i = 2 \), we can substitute into the equation:
\[
2 = 1 + \alpha (4 - 1)
\]
\[
2 = 1 + 3\alpha
\]
\[
\alpha = \frac{1}{3}
\]
Thus, the degree of dissociation is \( \alpha = \frac{1}{3} \).
Therefore, the correct answer is 0.3.