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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 Forex Broker

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
MFX-Trading
Abbreviation
MFX-Trading
Company employee
--
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

AspectInformationCompany NameMFX-TradingRegistered Country/AreaCyprusFounded Year2-5 yearsRegulationUnregulatedTradable AssetsForex, Metal, CFD, OilAccount TypesMini, Standard, ProfessionalMinimum Deposite$300Trading PlatformMT5ServicesBrokerage services, Underwriting services, Investment research and consulting services, Portfolio management, Settlements and paymentrules for services,Securities and Bonds'Customer SupportPhone:+994 12 599 66 93,+994 77 223 07 00Email:info@mfx.azMFX-Trading Information Founded within the previous two to five years and situated in Cyprus, MFX-Trading provides a wide spectrum of financial services including underwriting, investment research, portfolio management, settlement processing. Accessible through the MT5 trading platform, the company offers several tradable assets including Forex, metals, CFDs, and oil. It draws varying degrees of traders using Mini to Professional account structures. Strong customer service is provided by phone and email. Its uncontrolled position, which would worry traders seeking more security and regulatory control in their trading activities, could be a disadvantage, too.Regulation Status MFX-Trading is an unregulated broker since it runs without government supervision. The lack of legislative protection calls potential investors great caution.Pros and Cons You can trade forex, metals, and other financial products in MFX-Trading. The website has a diverse accounts from Mini to Professional. Running on the reputable MT5 platform, it promises access to sophisticated trading tools. MFX-Trading appeals to a broad spectrum of investors since it offers many various approaches for expenditure of their money. MFX trading's lack of regulation is the main issue since it can turn off consumers seeking the security offered by controlled marketplaces. Furthermore, unclear is the arrangement of charges, which could cause customers to pay for expenses not anticipated. Ignorance of expenses could make it more difficult for customers to allocate their money and follow their budgets.ProsConsWide range of trading products(Forex,Metals and others)Unregulated platformDiverse AccountsUnvertain Fee StructureFamous trading platform(MT5)Multiple Investment ServicesMarket Instruments MFX-Trading gives its customers broad access to a wide range of market instruments covering many categories: Customers have chances to engage in trading several worldwide currencies, including major, minor, and exotic pairs, so active in the forex market. The website sometimes offers used choices for hedging strategies, including precious metals like gold and silver. Contract for Difference, or CFD, trading lets traders bet on the price swings of many assets, including stocks, without really owning them. MFX-Trading presents profitable trading energy by include oil, a highly volatile and liquid commodity.Services MFX-Trading offers a wide spectrum of financial services meant to meet different investor needs: Brokerage Services: Authorizing customer purchases and sales of financial instruments including bonds, stocks, and other securities on behalf of them. Providing assistance in the issuing of new securities, therefore supporting businesses and governments in their money raising via market introductions. MFX-Trading Offering specific analysis and advice on investment opportunities.They come up investment research and consulting services help to support customers. Also,MFX-Trading offers monitoring investment portfolios for clients. Their particular risk tolerance and financial goals helps to manage portfolios. Managing the last handling of transactions and ensuring the flawless transfer of securities and money will help to define settlements and payment policies for services. They offer trading chances for a variety of stocks and bonds so that clients may distribute their money over several assets and properly manage risk.Account Types MFX Trading Investment Company offers three trading accounts for different levels of competence and investment: The Mini Account, for beginners with $300 to $10,000 deposits, has 1:50 leverage. Its margin call and stopout levels are 100% and 20%. This account offers fantastic opportunities for new traders to enter the market at minimal risk. For intermediate traders, the Standard Account has a maximum leverage of 1:50.000 and a $10,000–$50,000 deposit. It has a 20% stopout limit and 100% margin call. Like the Mini Account , this account is ideal for traders who want to participate more in financial markets. The Professional Account suits institutional clients and experienced traders with a $50,000 minimum deposit and 1:100 leverage. It has similar margin call and stopout ratios as other accounts. This book helps experienced traders maximize their high-stakes trading plans.Trading Platform Used by MFX Trading, MetaTrader 5 (MT5) is a powerful instrument for trading currencies, CFDs, and precious metals. More periods, better research, and more signals than in its predecessor define MT5. The MQL5 programming language allows advanced algorithmic trading as well as a linked economic calendar. MFX offers a mobile interface for traders on the move handling their accounts and trading anywhere with internet.Customer Support MFX-Trading makes several communication approaches to offer complete client service. Main contact lines are +994 12 599 and +994 77 223; WhatsApp support is +994 50 789. The company provides general inquiry email support at info@mfx.az, technical support at support@mfx.az, and searches linked to finances at accounting@mfx.az.Conclusion Based in Azerbaijan, MFX-Trading provides Forex, metals, CFDs, and oil trading using the modern MetaTrader 5 platform together with a wide spectrum of financial instruments and services. MFX-Trading fits both personal and institutional customers with its strategic location in Baku and thorough client service system. Though potential traders should be aware of its unregulated position, the company stresses accessibility with several communication channels and a promise to strong client service.FAQsMFX-Trading provides what kind of accounts? Mini, Standard, and Professional accounts available from MFX-Trading each have varying deposit restrictions and leverage choices.How may I get MFX-Trading to help? For general, technical, or financial inquiries, phone MFX-Trading at +994 12 599 66; +994 77 223 07; WhatsApp at +994 50 789; or email.MFX-Trading uses which trading platform? MFX-Trading trade and analysis using the MetaTrader 5 (MT5) platform.Risk Warning You will run a great risk losing all the money you spent online buying. This platform is not suited for all traders or purchasers. Please be sure you keep in mind the material in this evaluation.

Rating Index

How to login to MFX-Trading?
mfx-trading Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a mfx-trading Account To start your trading journey with mfx-trading, the first step is to register for an account. Below are the detailed steps you need to f

  

MFX-Trading Forex Broker - Complete Information Guide

  

1. Broker Overview

  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.

  

2. Regulatory and Compliance Information

  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.

  

3. Trading Products and Services

  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.

  

4. Trading Platforms and Technology

  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.

  

5. Account Types and Trading Conditions

  MFX-Trading offers several account types to cater to different trading preferences and experience levels. The primary account types include:

  • Micro Account: Minimum deposit of $1, fixed spreads of 2 pips on EUR/USD, and leverage up to 1:100.
  • Standard Account: Minimum deposit of $5, fixed spreads of 2 pips, and leverage up to 1:100.
  • ECN Account: Minimum deposit of $500, variable spreads starting from 0.1 pips, and a commission of $2.40 per lot.
  • CFD Account: Minimum deposit of $500, fixed spreads of 2 pips, and leverage of up to 1:10 for CFDs.

  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.

  

6. Fund Management

  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.

  

7. Customer Support and Educational Resources

  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.

  

8. Regional Coverage and Restrictions

  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.

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Latest Reviews

胡佩禎

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

FX1300492820

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

MFX-Trading Forex Broker has an overall rating of 1.49, Regulatory Index 0.00, License Index 0.00, Business Index 6.83, Software Index 4.00 Risk Control Index 0.00.
MFX-Trading