MAFC

MAFC | 2022-10-31 14:04

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.

Dealer Broker Currency Pair Forex trading Forex Broker Forex Currency pair forex market MT4

Related broker

No Regulation

MAFC

Company name：MILLION ABUNDANCE

Score

1.53

Website：http://www.million-abundance.com/index.php

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.53

The Hidden Checklist: Five Unconventional Steps to Vet Your Broker

Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.

Original 2024-12-24 16:56

Doo Financial Obtains Licenses in BVI and Cayman Islands

Doo Financial, a subsidiary of Singapore-based Doo Group, has expanded its regulatory footprint by securing new offshore licenses from the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).

Original 2024-12-24 16:54

CFI’s New Initiative Aims to Promote Transparency in Trading

A new programme has been launched by CFI to address the growing need for transparency and awareness in online trading. Named “Trading Transparency+: Empowering Awareness and Clarity in Trading,” the initiative seeks to combat misinformation and equip individuals with resources to evaluate whether trading aligns with their financial goals and circumstances.

Original 2024-12-24 16:51

Malaysian-Thai Fraud Syndicate Dismantled, Millions in Losses Reported

The Royal Malaysia Police (PDRM) has received 26 reports concerning the Nicshare and CommonApps investment schemes, both linked to a major fraudulent syndicate led by a Malaysian citizen. The syndicate’s activities came to light following the arrest of its leader by Thai authorities on 16 December.

Original 2024-12-23 18:37