MFX Forex Broker

MXFReview SummaryFounded2022Registered Country/RegionMontenegroRegulationNo regulationMarket InstrumentsForex, Metals, Commodities, Indices, Actions, CryptocurrenciesDemo Account✔LeverageUp to 1:1000SpreadFrom 0.0 pip (INSTITUTIONAL)Trading PlatformMT5Minimum Deposit$0Customer SupportEmail: atencionalcliente@brokermfx.comPhone: +51 914 828 814Social Media: WhatsApp, Facebook, Instagram, TikTok, YouTube, TelegramAddress: C. Los Tulipanes 147, Santiago de Surco 15046Regional RestrictionsUSAMXF Information MXF is an unregulated broker registered in Montenegro. It operates in the foreign exchange trading market. Traders on this platform can access MetaTrader 5 as well as market instruments including forex, indices, commodities, and bonds. With no deposits and high leverage, MXF enables traders to achieve significant market positions even with a small initial investment. However, MXF does not provide services to residents of the United States.Pros & ConsProsConsDemo account availableUnregulatedMT5 availableAccount inactivity fees are chargedVarious payment methodsNo 24/7 customer serviceMultiple customer supportRegional restrictionsVarious trading instrumentsLow minimum deposit of $0Is MXF Legit? MXF is an unregulated brokerage firm even if it claims to be regulated. Traders should take care while engaging with this platform.What Can I Trade on MXF? These are the instruments that can be traded on MXF: 70 forex, 30 cryptocurrencies, 74 stocks, 30 indices, metals, commodities, and actions.Trading AssetsAvailableForex✔Metals✔Commodities✔Indices✔Cryptocurrencies✔Actions✔Stocks /Shares✔Energies❌Options❌Mutual Funds❌ETFs❌Account Types MXF offers a demo account, which allows traders to test out this platform without risking real money. MXF offers two types of live trading accounts: Standard Accounts and ECN Accounts. Each has distinct trading conditions.STANDARDECNINSTITUTIONALPlatformMT5MT5MT5CommissionsNo commissionsFrom $5From $2SpreadsFrom 1.0 pipsFrom 0.1 pipsFrom 0.0 pipMaximum Leverage1:10001:10001:1000CurrencyUSDUSDUSDStop Out30%30%30%Minimum Deposit$0$250$20,000Type of ExecutionECNECNECNLeverage The leverage of this platform is up to 1:1000. High leverage means high returns, but at the same time, high risk.Fees Commission: Standard accounts incur zero commissions, while ECN and Institutional accounts charge per lot ($5/$2 per lot). Spread: The spread varies for different assets, such as EUR/USD (0.1 pips), gold (1.4 pips), and Bitcoin (1.1 pips). MFX does not charge any fees for deposits or withdrawals. However, certain platforms (such as cryptocurrency wallets or virtual wallets) may impose their own fees. If a user's account remains inactive for more than three months, the account will be archived, and the balance will be transferred to the wallet. Starting from the fourth month, an additional maintenance fee of 10 USD per month will be charged.Trading Platform MT5 is an advanced platform that supports the trading of multiple financial products, providing an automated trading system, technical tools, and copy trading functions.Trading PlatformSupported Available Devices Suitable for MT5✔Desktop, Mobile, WebExperienced traderMT4❌/BeginnerDeposit and Withdrawal MFX offers the following payment methods: Mastercard, Ethereum, Tether (USDT), Bitcoin, Visa, Skrill, American Express, and Bank Transfer.