MahiFX Broker Reviews and Full Information

What exactly is MahiFX?

MahiFX is an ingenuity driven company that pushes market to the limit through the FX market in the world's most important investment banks. MahiFX first products MFX Trade was officially launched in 2012 as the company itself was established in 2010 by a group of interbank expertise leaders who combine technologies, quantitative analytics, and trading.

MahiFX broker is a global financial centers. It is also a former New Zealand broker with additional entities with offices in Australia as well as London, UK brokerage. In general, MahiFX offers access to online trading and exposure to more than 100 FX pairs, including the precious metals through its the e-FX Engine Room, which was created by a group of experts.

Is MahiFX secure or a scam?

This is an important issue regarding the reliability of a company, we have discovered that MahiFX is licensed and regulated broker not just in its first New Zealand but also authorized in the UK and Australia. Thus, MahiFX holds three licenses, including three highly regarded licenses, including FCA, ASIC and FMA.

Although each state has specific rules that they must follow and must adhere to each one of them, they are all transferred to protect the customer and continuous monitoring of the reliability of the company. That means that all products and services MahiFX offer is strictly geared to clear money operation, the company's operating funding itself, the implementation of protection measures and care for clients, and lastly involvement in compensation in the case bankruptcy.

When you invest with MahiFX you are secure in the legal guidelines that the that the broker operates under and also trust the security of your investment by world-wide authorities in the event that something goes wrong regarding your investment.

• MahiFX Limited - authorized by ASIC (Australia) registration number. AFSL 414198
• MahiFX Limited - authorized by FMA (New Zealand) registration no. FSP197465
• MahiFX (UK) Limited licensed to operate by FCA (UK) registration no. 08107062

MahiFX products

What's unique about MahiFX is the three products that are bundled into an e-FX Engine Room with each one offers a crucial and professional method of FX trading. They include MFX Compass, MFX Vector and MFX Echo.

In addition, MFX Compass is a pricing as well as a risk-management tool which provides sophisticated filtering and efficient administration and ongoing support.

The MFX Vector, a specialized trading central or, better yet, a platform. We'll explore in greater detail.

In the end, MFX Echo is an advanced method of analysis using 3D analysis, visualization of liquidity along with price explanation.

Types of accounts

MahiFX provides one trading account designed for traders who are retail which means it will not make any difference in the quality of your trading experience, or the amount you put into. It is simply a account that has no minimum requirements and is a commission-free spread-only account. Others accounts are made for specific needs, like professional institutions or professionals.

Fees

In terms of trading expenses, MahiFX does not charge a commission for each trade and the costs are all incorporated into the compact spread. The spread can be adjusted to an average of one pip in the EUR/USD pair which is considered to be a low , but it is a an extremely competitive spread compared to other industry spreads.

You can look up MahiFX charges with another well-known broker, XTB.

MahiFX rollover

Be sure to consider the MahiFX rollover or overnight fees as a fee that is charged for positions that last longer than an entire day. Each instrument will charge a different rate for overnight positions. This could work to your advantage as a reimbursement or taken out as a fee.

Leverage

MahiFX is an international broker. We offers you the opportunity to expansion of trading size by using a powerful tool leverage, which could boost the potential for gains.

The leverage levels are always based upon the instruments you trade and are determined by the restrictions imposed by regulators within the country or in an alternative. So, trading with New Zealand MahiFX allows you to gain risk to the market with a the maximum leverage at 1:100 when trading using MahiFX through the FCA organization for MahiFX leverage is considerably reduced. You can leverage up to 1:100. can be able to use as retail trader as an European trader or that comes from UK. UK is set at 11:30 in the case of major currencies. 1:20 for lesser ones, and 1:10 in the case of commodities.

Also, make sure you make sure you know how to make use of leverage effectively since leverage could increase the risk of losing money as well , and is a unique feature of different instruments.

Methods of Funding

MahiFX as well as the majority of brokers provide an easy and secure method to fund your live trading account. It offers options to fund the account using credit or debit card and Bank Wire Transfer.

Minimum deposit

MahiFX's minimum deposit is 1$ for a live accounts to beginallowing even novice traders to participate easily. However, due to the transaction cost, there's a specific Margin for every instrument that you must be aware of and confirm prior to making deposits with money.

MahiFX minimum deposit, compared to other brokers

Withdrawal

MahiFX doesn't charge fees for withdrawals and withdrawal options include Credit Cards and Bank wire the most popular methods. But, make sure you check with the customer service and payment processor in the event that there is a waiver of fees because of international transactions or other methods for money transfer.

Trading Platforms

Another benefit of trading using MahiFX is the unique blend of simple algorithms, an extremely powerful engine, and the incredible versatility that the system offers. MahiFX developed its own command centre complete MFXVector which allows you to trade like a professional by posting at high in the list and deciding between passive and aggressive strategies.

We generally like the MahiFX platform, with its dynamic timing and pricing, as well as its user-friendly interface with amazing Limit Orders and a mode that you can select while trading. Furthermore, you will be making use of the same technology Tier 1 banks utilize which means you are able to set the level of aggressiveness, the amount that you execute and other options while completing an order.

All of this is made more effective by the combination together with MFXEcho as well as MFXCompass products, which allow you to enjoy benefit from strong analysis and effective risk-management. Yes, this combination is an extremely effective and promising prospect to increase your chances of trading success, even though the they do provide an well-known MT4 to make trading easier that is well-known to nearly every trader their MahiFX platform provides a an extremely competitive market. 

Conclusion

As the only New Zealand broker operating through multiple licenses like ASIC, FCA and FMA MahiFX is indeed a reputable business governed by top worldwide authorities. Concerning the trading services it offers We enjoy MahiFX technological strategies and how they design trading conditions using the innovative products they design. While there's little variety to markets as the primary focus of the FX trading MahiFX comes with a number of advantages such as a lower costs, access to high leverage, and no deposit at the beginning.