Score

1.46 /10
Danger

MFX-Trading

Cyprus

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.61

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

MFX-Trading · Company summary
AspectInformation
Company NameMFX-Trading
Registered Country/AreaCyprus
Founded Year2-5 years
RegulationUnregulated
Tradable AssetsForex, Metal, CFD, Oil
Account TypesMini, Standard, Professional
Minimum Deposite$300
Trading PlatformMT5
ServicesBrokerage 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.az

MFX-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.

MFX-Trading Information

Regulation Status

MFX-Trading is an unregulated broker since it runs without government supervision. The lack of legislative protection calls potential investors great caution.

Regulation Status

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.

ProsCons
Wide range of trading products(Forex,Metals and others)Unregulated platform
Diverse AccountsUnvertain Fee Structure
Famous trading platform(MT5)
Multiple Investment Services

Market 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.

Market Instruments

The website sometimes offers used choices for hedging strategies, including precious metals like gold and silver.

Market Instruments

Contract for Difference, or CFD, trading lets traders bet on the price swings of many assets, including stocks, without really owning them.

Market Instruments

MFX-Trading presents profitable trading energy by include oil, a highly volatile and liquid commodity.

Market Instruments

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.

Services

Providing assistance in the issuing of new securities, therefore supporting businesses and governments in their money raising via market introductions.

Services

MFX-Trading Offering specific analysis and advice on investment opportunities.They come up investment research and consulting services help to support customers.

Services

Also,MFX-Trading offers monitoring investment portfolios for clients. Their particular risk tolerance and financial goals helps to manage portfolios.

Services

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.

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.

Services

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.

Account Types

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.

Trading Platform

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.

Customer Support

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.

FAQs

  1. MFX-Trading provides what kind of accounts?

Mini, Standard, and Professional accounts available from MFX-Trading each have varying deposit restrictions and leverage choices.

  1. 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.

  1. 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.

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胡佩禎
more than one year
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!
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!
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2023-03-16 16:23
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FX1300492820
more than one year
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!
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!
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2023-03-03 17:09
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