MahiFX review and tutorials

MahiFX

Detailed MahiFX Review 2020: Forex, CFD'S and Crypto Regulated Broker

MahiFX was founded in 2010 and is an innovative platform that drives the market to new heights across the forex market at key global investment banks. MahiFX’s 1st product, MFX Trade, was introduced in 2012; the project was founded by experts with interbank experience and as well executives with backgrounds in tech, trading, and quantitative analytics.

The broker remains based in New Zealand but also has additional branches in Australia and London. MahiFX provides online trading services to retail clients and offers more than 100 forex pairs, including commodities, indices, and shares.

MahiFX’s 3 items merge into an e-FX Engine Room, each of which acts as a crucial and competent solution to forex trading. Those include MFX Compass, MFX Vector, and MFX Echo.

MFX Compass is a risk management tool that offers solutions to traders looking to trade more securely. MFX Echo allows traders to have total visibility and access to market depth. Finally, MFX Vector allows traders to control their execution more seamlessly.

MahiFX

MahiFX trading information

Bonus
Yes
Instruments
No
Demo Account
No
Min. Deposit
1 US$
Min. Trade
0.01
Regulated By
ASIC, FMA, FCA
MT4 Integration
Yes
Mobile Apps
No
Auto Trading
No
Trade Signals
No
Islamic Account
No
MahiFX

Forex

GBPUSD Spread
N\A
EURUSD Spread
N\A
EURGBP Spread
N\A
Assets
N\A

CFD

FTSE Spread
N\A
GBPUSD Spread
N\A
Oil Spread
N\A
Stocks Spread
N\A

Cryptocurrency

Spread
N\A
Coins
N\A

Official MahiFX Registration

What’s MahiFX?

MahiFX

Is the broker secure?

The broker is regulated and authorized in New Zealand, the United Kingdom, and Australia. Thus, MahiFX has three licenses: FCA (The Financial Conduct Authority – UK), ASIC (The Australian Securities and Investments Commission) and FMA (The Financial Markets Authority – NZ).

MahiFX

Although every regulator requires different regulations to be followed and implemented, all of them focus on the safety of client funds and the continuous monitoring of the broker’s efficiency and compliance. All services conducted by MahiFX offer transparency, security measures, client support, and compensation in the event of insolvency.

Thus, when investing with MahiFX, you can be sure that the broker conducts their business legally, and can be relied on due to the security offered by their authorizers.

Platforms for Trading

An additional benefit is the specific combo of simple algorithms with a strong engine and its incredibly versatile platform. MahiFX built its own full MFXVector command center that lets you trade like by choosing passive or active strategies.

MahiFX

MahiFX offers Dynamic time and great Limit Orders. In addition to that, you can utilize the same revolutionary Tier 1 tech that banks use, which allows you to decide the level of aggression you want, the volume executed, and other versatility at the time of order completion.

And all this has improved by adding the combination of MFXEcho and MFXCompass, which allow traders to benefit greatly from efficient analytics and risk management. MahiFX offers the popular MT4 platform for trading, which is loved by traders everywhere.

Accounts

MahiFX offers a single trading account for retailers, regardless of trading experience or how much the trader deposits. MahiFX does not charge commission and the broker makes all of its money through its spreads.

MahiFX

Fees

The broker doesn’t charge commission, although all fees are built into a tight spread. The variable spread is an average of 1 pip for the EUR/USD pair, and this is seen as a competitive spread.

You can compare MahiFX fees to another common broker – XTB.

MahiFX

Rollover

Bear in mind that MahiFX has rollover or overnight fees for positions kept open for more than one day. Every instrument has a different quotation for overnight positions, which can work for you as a refund or it can be deducted as a charge.

Leverage

The broker allows you to expand your trading size via leverage, which can heighten potential profits but can also increase risk.

Leverage rates are established by the financial instrument you choose to trade and the regulatory constraints in various countries. Therefore, if you’re trading with New Zealand, MahiFX will allow you to use a maximum leverage ratio up 1:100, whereas trading with the FCA branch of MahiFX will significantly reduce the leverage. The maximum leverage that you can use as a retail trader in Europe or the United Kingdom trader is 1:30 for major currencies, 1:20 for minor currencies, and 1:10 for commodities.

Traders must be cautious when using leverage because it can also heighten the possibility of losses.

Funding Methods

MahiFX, like the majority of brokers, provides a fast and safe way to finance a live trading account, including credit/debit cards and transfers via bank wire.

Minimum Deposit

There is no minimum deposit; you only need $1 to start trading. There are however some transactional costs depending on what instrument you use.

MahiFX

Withdrawals

Withdrawals must be done using the same payment method as you used for depositing. MahiFX does not charge withdrawal fees, but it’s a good thought to consult with the customer support team to check if the payment processor charges any fees themselves.

Conclusion

MahiFX is a reputable broker that is supervised by the world’s top regulators. As far as trading is concerned, MahiFX offers some solutions that are not available through other brokers and can very much simplify your trading.

MahiFX

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

MahiFX
Authorized brokers
EuropeFX Review Forex & Crypto Broker Review 2020
Visit EuropeFX
ZuluTrade broker review
Visit ZuluTrade
ZacksTrade
Visit ZacksTrade
XTB Trading Broker Review
Visit XTB
XM broker review
Visit XM
Videforex broker review
Visit Videforex
eToro Broker Review
Visit eToro
Vantage FX broker review
Visit VantageFX
UFX broker review
Visit UFX
Trading 212 broker review
Visit Trading212