MFX-Trading foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://mfx.az/az/register, about the company's legal and temporary regulatory information, the company's address .
MFX-Trading, established on October 2, 2006, is a forex brokerage firm headquartered in St. Petersburg, Russia. The company operates under the name of Master Services Inc., which is registered in Belize. MFX-Trading is a private entity that provides a range of financial services, primarily focusing on retail forex trading and investment solutions. Over the years, it has developed its presence in international markets, serving retail and institutional clients across more than 160 countries, including Europe, Latin America, Asia, Southeast Asia, the Middle East, and Africa.
The broker has undergone significant milestones since its inception, including the launch of innovative trading products and services. In 2014, MFX-Trading was recognized as the most innovative company in the field of investment solutions. The broker's business model encompasses not only brokerage services but also professional investment solutions, social trading, and educational resources, catering to a diverse clientele.
MFX-Trading operates with a strong emphasis on client engagement, offering a unique social trading platform that allows users to share experiences and strategies. The company strives to meet the financial needs of its clients by providing tailored services that align with local market characteristics and cultural nuances. This commitment to customer service is reflected in its policy of maintaining open communication between clients and management.
MFX-Trading operates under the regulatory oversight of the International Financial Services Commission (IFSC) in Belize. However, it is crucial to note that the broker has faced scrutiny regarding its regulatory status. The IFSC license number is not explicitly stated in the available resources, and the broker's compliance with regulatory standards has been questioned.
The broker claims to maintain a client fund segregation policy to protect investor funds, ensuring that client deposits are held separately from the company's operational funds. However, the lack of robust regulatory oversight raises concerns about the safety of client investments. MFX-Trading does not participate in any investor compensation fund, which means that in the event of insolvency, clients may not have recourse to recover their funds.
MFX-Trading adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identities and provide documentation during the account opening process. This compliance is essential for maintaining the integrity of the trading environment, although the effectiveness of these measures is subject to the regulatory framework under which the broker operates.
MFX-Trading offers a diverse range of trading products, including over 28 currency pairs, covering major, minor, and exotic pairs. The broker also provides access to Contract for Difference (CFD) products across various asset classes, including indices, commodities, stocks, and cryptocurrencies. This broad selection allows traders to engage in multiple markets and implement various trading strategies.
The broker's CFD offerings include popular commodities such as gold and oil, and it frequently updates its product range to include new trading instruments based on market demand. MFX-Trading also caters to retail clients with tailored trading services, while institutional clients can access specialized services, including white-label solutions and asset management.
MFX-Trading's investment program allows clients to become legal investors in the MFX Group Holding, offering annual interest rates of up to 40%. This unique investment solution aims to attract clients looking for alternative investment opportunities with potentially high returns.
MFX-Trading supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing traders with access to advanced trading tools and features. The broker offers a customized version of MT4, known as MFX Trader 4, which is available in both desktop and mobile versions. This platform includes a comprehensive set of technical analysis tools and real-time financial news, enabling traders to make informed decisions.
Additionally, MFX-Trading provides a web-based trading platform for users who prefer to trade without downloading software. The broker's mobile applications are compatible with both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.
The broker utilizes an ECN execution model, which facilitates fast order execution with minimal latency, enhancing the trading experience. The servers are strategically located to ensure optimal performance and reliability, supporting automated trading through API access and expert advisors.
MFX-Trading offers several account types to cater to different trading preferences and experience levels. The primary account types include:
Traders can also access demo accounts to practice their trading strategies without risking real capital. The leverage offered by MFX-Trading can reach up to 1:1000, providing traders with significant exposure to the market. The minimum trade size is 0.01 lots, and the broker has a transparent overnight fee policy for positions held beyond the trading day.
MFX-Trading supports a variety of deposit methods, including bank transfers, credit/debit cards, and electronic wallets such as Neteller and Skrill. The minimum deposit requirements vary by account type, with the micro account starting at just $1.
Deposits are typically processed quickly, with most transactions completed within a few hours. However, the broker does not specify any deposit fees, so clients are encouraged to confirm with customer support for any potential charges.
Withdrawal methods include the same options as deposits, with processing times varying based on the chosen method. Clients should expect withdrawals to take several days, depending on the financial institution involved. MFX-Trading does not disclose a specific fee structure for withdrawals, making it essential for clients to inquire directly with the broker regarding any applicable charges.
MFX-Trading provides customer support through various channels, including phone, email, and live chat. The support team is available 24 hours a day, five days a week, and can assist clients in multiple languages, including English, Spanish, Russian, and Chinese.
The broker offers educational resources such as webinars, tutorials, and eBooks to help traders enhance their skills and knowledge. Market analysis services, including daily reports and news updates, are also available to keep clients informed about market trends and opportunities.
Additionally, MFX-Trading provides several trading tools, including calculators, economic calendars, and signal services, to assist traders in making informed decisions.
MFX-Trading primarily serves clients from over 160 countries, with offices located in Egypt, Georgia, Indonesia, and Russia. The broker's global reach allows it to cater to a diverse clientele, offering localized support and services.
However, MFX-Trading does not accept clients from certain regions, including the United States, due to regulatory restrictions. The broker advises potential clients to check their local regulations before opening an account to ensure compliance with applicable laws.
In summary, MFX-Trading is a forex broker that offers a range of trading products and services, supported by popular trading platforms and a commitment to customer service. However, potential clients should exercise caution due to the broker's regulatory status and the associated risks of trading with an unregulated entity.
FX1300492820
Singapore
MFX-Trading is one of the best brokers I have been trading with. They have excellent live chat support service and it is costumer-friendly to sign up here. They also have good spreads so I love them! TWO thumbs up for me!
Positive
2023-03-03
胡佩禎
United States
There are many languages on this website that I can't understand. Referring to the place of registration of this company, it should be Azerbaijani. Maybe they only consider providing services to the residents of their own country. All in all, obviously I don't have a chance to invest here. Goodbye, MFX!
37130
2023-03-16