You wont get iTune files, those are proprietary and cannot be added so easily. I have to use iTunes to burn the files I want to CD, then I can import them into another program as a .wav file.
Now for MP3... I do not have MAGIX Ringtone Maker, but I think I know MAGIX software pretty well.
I am sure that the MP3 encoder included is a "Demo" as these encoders are licensed and there is a fee for the license. Check to see within the Ringtone Maker under the drop down menu"Help" if there is any thing for MP3 update.
Another thing is what made the MP3? make sure it is MP3 and not MP4 which is associated to iTunes.