Review of the MFX Broker
Clients of the MFX Broker have a choice of 4 types of accounts. Standard and Micro reports provide fixed spreads and are without commissions. And spreads on ECN accounts are variable and tense, but there is a small commission. Micro parts are available for trading only on the standard account type.
Keep in mind that trading in Forex and spot-metal accounts are available on these accounts, while CFDs are available on an individual CFD account.
PAMM accounts are also available with this broker as well as the MFX Capital investment program (with a deposit of $ 100 for individual investors).
Fixed MFX Broker spreads medium - 2 pips for EUR / USD. But ECNs are low. This is because the broker gives a typical spread of 0.3 pips to EUR / USD. We can add the appropriate commission (USD 3.6). But the average transaction cost per batch is about 0.7 pips.
Regarding margin requirements, MFX Broker is one of the brokers offering a high level of leverage above 1: 500. We recommend investors to be cautious when using high leverage ratios because they involve more risk.
Based in St. Petersburg, the Russian Federation, the MFX Broker came into action in 2006. The brokerage house offers to trade in currency pairs, CFDs for futures and stocks, as well as binary options, at the most popular transaction terminal, MetaTrader 4. Master Services Inc., a company registered in Belize owns and manages this brand.
What They Offer:
The MFX Broker offers many payment methods for all our clients: bank transfer, credit/debit cards, and e-wallets Neteller, Skrill, WebMoney, Perfect Money, OKPay, FasaPay, Yandex, Qiwi, DixiPay China UnionPay and Intellect Money.
This brokerage service offers a customized version of MetaTrader 4 (MT4) called MFX Trader 4, which is available in desktop and mobile versions. The set of graphical technical analysis tools and the flow of commercial messages allow predicting the market situation, and the integrated MQL4 programming language helps in the creation of sales consultants and indicators.
MFX MultiTerminal is also available. It is intended for asset managers as well as for individual investors who have several private trading accounts in their arsenal.
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