Abstract:MFM Securities is a part of a MFM Group of Companies, offering financial and investment services and activities. https://www.mfmsecurities.com is owned and operated by MFM Securities (Pacific) Limited (Registration No. 700451), regulated by the Vanuatu Financial Services Commission (VFSC)
General Information & Regulation
MFM Securities is a part of a MFM Group of Companies, offering financial and investment services and activities. https://www.mfmsecurities.com is owned and operated by MFM Securities (Pacific) Limited (Registration No. 700451), regulated by the Vanuatu Financial Services Commission (VFSC)
Market Instruments
MFM Securities offers four trading assets, including forex currency pairs, indices, stocks, and commodities. Tradable financial instruments available on the MFM Securities platform are average.
Minimum Deposit
MFM Securities offers a Mini trading account with an initial investment of just $15. Since MFM Securities is an offshore broker, traders are not advised to open trading accounts here.
Leverage
The maximum trading leverage available is relatively high, reaching up to 1:500. Trading with an offshore regulated broker with such generous leverage is not a good option.
Spreads & Commissions
When we tested its MFM Securities MT4 in demo environment, we found the spread on the most liquid pair, EUR/USD, floating around 2.2 pips. Most brokerages go below 2 pips for this pair, so this is not a competitive pricing.
Trading Platform Available
MFM Securities supports two great platforms – the MetaTrader4 and its newest version, the MetaTrader5. Both MT4 and MT5 are very popular among traders, as they offer great charting package, fast speed of execution and convenient programming environment. The latter allows users to trade with custom indicators and automated trading systems, simply known as Expert Advisors. Besides, these two platforms are user friendly, reliable, and available as desktop downloads, web versions, and mobile apps.
Deposit & Withdrawal
In terms of deposit and withdrawal payment methods, MFM Securities does not make this part clear. In most cases, most brokers support traders to fund their accounts through Credit/Debit Card, Wire Transfer, as well as Skrill and Neteller.
Customer Service
The MFM Securities customer support can be reached through telephone (+44 13161 888 32), email (support@mfmsecurities.com), as well as live chat.