Abstract:MAFC, a trading name of MILLION ABUNDANCE, is allegedly a forex broker incorporated on April 24, 2017, and registered in Hong Kong, China. It claims to provide its clients (Chinese market only) with the industry-standard MetaTrader4 trading platform
Note: MAFC is to operate via the website - https://www.million-abundance.com/index.php, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
General Information & Regulation
MAFC, a trading name of MILLION ABUNDANCE, is allegedly a forex broker incorporated on April 24, 2017, and registered in Hong Kong, China. It claims to provide its clients (Chinese market only) with the industry-standard MetaTrader4 trading platform.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.
As for regulation, it has been verified that MAFC does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.44/10. Please be aware of the risk.
Market Instruments
MAFC is a forex broker that specialized in forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Trading Platform Available
The platform available for trading at MAFC is one of the most notable and preferred trading platforms the market offers - MetaTrader4. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Customer Support
The only way you can approach MAFC is via fenghui888168@163.com. Unluckily, this broker doesnt disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
The forex market operates 24 hours a day, 5 days a week, with different trading sessions that overlap and offer various trading opportunities. One of the most active trading sessions is the New York session, which plays a crucial role in the global forex market. If you're in the Philippines, understanding when the New York session overlaps with local time is essential for maximizing your trading potential.
Lirunex joins the Financial Commission, offering traders €20,000 protection per claim. A multi-asset broker regulated by CySEC, LFSA, and MED.
Despite its relative youth, the Cyprus-registered online broker Capital.com has garnered respectable attention from a large number of retail and professional investors since its 2016 launch. Capital.com is a frontrunner among low-cost trading products; it allows individual and institutional investors to trade contracts for difference (CFDs) on three thousand markets, including Forex, Stocks, Commodities, Indices, Cryptocurrencies, and more. Impressively, Capital.com is on board with ESG investments as well. You can begin trading CFDs on the Capital.com platform with as little as $20. You can trade CFDs on this platform without paying any commissions; the only fees involved are the spreads. This broker offers a wide range of platforms, including mobile apps, a desktop trading app, an API from Capital.com, Tradingview, and MetaTrader 4. Among Capital.com's many distinguishing features is the wealth of educational content and high-quality research it offers its users. The platform's Marke
Italy’s financial regulator, Consob, has ordered the shutdown of six unauthorized financial service websites to combat illegal financial activities and protect investors. This action is based on regulatory powers granted under the 2019 “Crescita Decree.” Since 2019, Consob has blocked 1,211 fraudulent websites. Investors can use WikiFX to verify compliance and avoid investment scams.