MFFX Forex Broker

Name of the Company MFFX
Established in 2001
Online since 2005
International Offices China, United Kingdom
Payment Methods Credit Cards, Debit Cards, Moneybookers, OKPAY, Wire Transfer
Demo Accounts & Platforms Meta Trader 4, MT4-ECN
Account currencies Australian dollar, Euro, Great Britain pound, Swiss franc, United States dollar
Different Currency pairs AUD/CAD  AUD/CHF  AUD/JPY











Regulated or registered by IFSC
Are US Traders allowed? No
Languages in which website is available Chinese, English, Japanese
Languages in which support is available English
Different support methods Callback, Email, Forum, Live chat, Office, Phone, Skype, Web form
Types of Account (micro standard executive islamic) MT4, Standard, Mini, ECN Standard, Mini, Micro
Minimum deposit in the account $100
Minimum position size 0.1 lot
Type of Spread Variable
Typical spread on EUR/USD, pips 1.2
Minimum spread on EUR/USD, pips 0.6
Is scalping allowed? Encouraged
Is use of Expert advisors allowed? Encouraged
Types of Trading instruments (GOLD; CFD, etc. and the leverage) Forex- 1:500, Oil – 1:100, Metals – 1:100
Real Trading platforms Meta Trader 4, MT4-ECN
Digits after the dot in quotes 4
Margin call level 110%
Stop-out level 100%
Total Number of currency pairs 32
Is free education available Yes
Affiliate program available Yes
Islamic accounts available Yes
·         Is Hedging allowed Yes
Facility of Overnight interest rates (swaps) Yes
Do they have Trailing stop Yes
Do they have Pending orders Yes
Mobile trading allowed Yes
Automated trading present Yes

mffxThe company MFFX Forex was established in the year 2001 and is considered a world leader in forex trading. They however, started their online trading service which is internet based only in the year 2005. Their claim is that the kind of transparency that they offer in their dealings and trades makes them the best provider of currency trading system. MFFX broker is a STP broker and a very competitive spread to offer on the Forex and CFD trading. They have many features which a trader would like to have to maximize its profit and it includes fee education, affiliate programs, Islamic accounts for its Muslim customers, and the facility of overnight interest rates swaps, trailing stops, pending orders and automated trading. The mobile trading service is liked by many traders who like to trade even when they are travelling. The payment modes are limited but the company makes sure that the customers do not face any problem while depositing as well as withdrawing their funds. The company is well regulated by IFSC and they do not allow traders from United States to trade with their accounts.

The trading platform for both the demo as well as real trading accounts is Meta Trader 4 and MT4 ECN. The Meta Trader 4 does not require an introduction as it is the most used and trusted trading platform in the forex market. The company’s website is available in Chinese, Japanese and English whereas the customer supports service is available only in English. They have different types of accounts and the traders are at large to select the one which suits their trading needs the most. The minimum deposit required to open an account with them is $100 and the minimum position size is 0.1 lots. The spread is variable and the use of scalping and Expert Advisor is encouraged while trading.

The reviews for MFFX forex broker are very positive and it shows that it has many happy and satisfied customers. The reviews show that the quality of service is the best and their trading platform MT4 and MT4 ECN is liked by many traders. They have mobile trading service in which the customer has to download the software on their mobile and continue trading till the time they have access to the internet. The use of scalping and Expert Advisor is encouraged and is liked by many clients. The trading instrument includes oil and metals in addition to forex on which the leverage is up to 1:500. Their customer support service is excellent and is liked by many as it is very responsive and capable of resolving any trade related issues. A few cons mentioned in the reviews is that their customer support service is available only in English and that the modes of payment of are very limited. However, the overall review is excellent and the average rating given to the company by its users stands at 6.1 out of 10, a score which speaks on its own about the company’s performance.

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