MPM Forex Broker

MPM Forex Broker - Complete Information Guide

1. Broker Overview

MPM, short for My Portfolio Management, was established in 2015. The company is headquartered in Cyprus and operates under the legal entity Holiway Investments Ltd., which is regulated by the Cyprus Securities and Exchange Commission (CySEC). MPM is a privately held entity that primarily serves retail clients in the forex and CFD markets.

Since its inception, MPM has focused on providing a robust trading environment for its clients, emphasizing automated trading solutions and portfolio management strategies. The company has developed a reputation for its innovative trading technologies and commitment to client success. MPM's significant milestones include the launch of its fully automated trading system and the introduction of copy trading services, which allow users to mimic the trades of successful investors.

The business model of MPM is centered around retail forex trading, offering a range of services that include automated trading, portfolio management, and access to various financial instruments. The firm aims to provide clients with the tools necessary for effective trading and investment management.

2. Regulatory and Compliance Information

MPM operates under the oversight of several regulatory bodies, ensuring a secure trading environment for its clients. The primary regulators include:

• Cyprus Securities and Exchange Commission (CySEC) - License No. 248/14
• Financial Services Authority (FSA) - License No. SD 040

These licenses are valid for the duration of the company's operations, with periodic reviews to ensure compliance with regulatory standards. MPM maintains separate legal entities for different jurisdictions, allowing it to cater to a diverse client base while adhering to local regulations.

Client funds are held in segregated accounts, providing an additional layer of security. MPM participates in an investor compensation fund, which offers protection to clients in the event of insolvency. The company implements strict KYC (Know Your Customer) and AML (Anti-Money Laundering) measures to ensure compliance with international regulations, thereby safeguarding clients' interests and enhancing the integrity of its operations.

3. Trading Products and Services

MPM offers a comprehensive range of trading products, primarily focusing on forex and CFDs. The trading options include:

• Forex Currency Pairs: MPM provides access to a wide array of currency pairs, including major, minor, and exotic pairs, catering to various trading strategies.
• CFD Products: The broker offers CFDs on indices, commodities, stocks, and cryptocurrencies, allowing clients to diversify their portfolios.
• Special Products: MPM also features unique trading instruments and strategies, including statistical arbitrage and pair trading, which aim to minimize risks while maximizing potential returns.

The firm regularly updates its product offerings to adapt to market trends and client demands. Retail trading services are designed for individual investors, while institutional clients can benefit from tailored solutions and advanced trading technologies.

4. Trading Platforms and Technology

MPM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular trading platforms in the industry. These platforms are known for their user-friendly interfaces, advanced charting tools, and extensive analytical capabilities.

In addition to MT4 and MT5, MPM provides a proprietary web-based trading platform that allows clients to trade directly from their browsers without downloading additional software. The broker also offers mobile applications for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

The execution model utilized by MPM is primarily ECN (Electronic Communication Network), which ensures fast and transparent trade execution without dealing desk intervention. MPM's servers are strategically located in major financial hubs to optimize latency and enhance trading performance. The broker also supports API access for automated trading, catering to algorithmic traders and institutional clients.

5. Account Types and Trading Conditions

MPM offers various account types to cater to different trading needs. The standard account conditions include:

• Minimum Deposit: $400 for standard accounts.
• Spreads: Competitive spreads starting from 0.1 pips, depending on the account type and trading volume.
• Commission: No commissions on standard accounts, while ECN accounts may incur a commission based on trading volume.

Advanced account types, such as VIP and professional accounts, provide enhanced trading conditions and lower spreads. MPM also offers Islamic accounts to cater to clients who require Sharia-compliant trading options.

The broker provides a demo account for new traders to practice their strategies without risking real money. The leverage ratio varies by product, with forex leverage reaching up to 1:500. MPM allows a minimum trade size of 0.01 lots, making it accessible for traders with varying capital levels. Overnight fees apply for positions held beyond the trading day, and these fees are clearly outlined in the trading conditions.

6. Funds Management

MPM supports a variety of deposit methods, including:

• Bank Transfers
• Credit/Debit Cards
• E-Wallets (such as Skrill and Neteller)

The minimum deposit requirement varies by account type, with standard accounts starting at $400. Deposits are typically processed quickly, with credit/debit card transactions being instant, while bank transfers may take up to three business days.

Withdrawal methods mirror the deposit options, with similar processing times. MPM does not charge withdrawal fees for amounts above $300, while lower amounts may incur a fee. The broker maintains transparency regarding its fees and ensures that clients are informed of any applicable charges before processing transactions.

7. Customer Support and Educational Resources

MPM offers robust customer support through multiple channels:

• Phone Support
• Email Support
• Live Chat
• Social Media

The support team is available 24/5, catering to clients across different time zones. MPM provides multilingual support, including English, Chinese, Spanish, and Japanese, ensuring effective communication with its diverse client base.

To enhance client knowledge, MPM offers a range of educational resources, including webinars, tutorials, and eBooks. Market analysis services are also available, providing clients with daily insights, news updates, and research reports to aid their trading decisions. Additionally, MPM offers trading tools such as calculators and economic calendars to assist traders in their analysis.

8. Regional Coverage and Restrictions

MPM primarily serves clients in Europe, Asia, and the Middle East, with regional offices strategically located to support its international operations. The broker has established a solid presence in key financial markets, allowing it to cater to a broad client base.

However, MPM does not accept clients from certain countries, including the USA, Canada, India, Pakistan, Singapore, Japan, South Korea, North Korea, Afghanistan, Libya, Iran, Iraq, and Syria. These restrictions are in place to comply with local regulations and ensure a secure trading environment for all clients.

In summary, MPM is a well-regulated forex broker that offers a variety of trading products, advanced trading platforms, and comprehensive support services. With a focus on client success and innovative trading solutions, MPM continues to establish itself as a prominent player in the forex brokerage industry.

MPM broker is committed to providing a secure, transparent, and efficient trading experience for all its clients, ensuring that they have the necessary tools and resources to achieve their trading goals.