MahiFX review and tutorials

MahiFX
MahiFX

Detailed MahiFX Review 2021: 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.

What’s MahiFX?

MahiFX

Is the broker secure?

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

FMA lisence

Although every regulator requires different rules to be followed, 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 regulators.

Trading Platforms

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 by choosing passive or active strategies.

MahiFX Trading Platforms

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

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.

trading interface

Fees

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

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

MahiFX Fees

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 charge.

Leverage

The broker allows you to expand your trading size via leverage, which can heighten potential profits but 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 of up to 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.

 Funding Methods

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 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

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
E-Trade logo
Visit E*Trade
ZuluTrade broker review
Visit ZuluTrade
Finq.com
Visit Finq.com
24 Option
Visit 24Option
FXCM Broker Review
Visit FXCM
Investous
Visit Investous
Interactive Brokers
Visit Interactive Brokers
City Index logo
Visit City Index
HighLow Broker Review
Visit HighLow
Fusion Markets Broker Review
Visit Fusion Markets
bitcoin
Bitcoin (BTC) $ 19,270.69 0.28%
ethereum
Ethereum (ETH) $ 1,062.38 0.68%
tether
Tether (USDT) $ 1.00 0.18%
cardano
Cardano (ADA) $ 0.453639 0.36%
solana
Solana (SOL) $ 32.88 0.73%
xrp
XRP (XRP) $ 0.321628 1.72%
polkadot
Polkadot (DOT) $ 6.82 0.54%
dogecoin
Dogecoin (DOGE) $ 0.066264 0.73%
usd-coin
USD Coin (USDC) $ 1.00 0.06%
shiba-inu
Shiba Inu (SHIB) $ 0.000010 0.71%
avalanche-2
Avalanche (AVAX) $ 16.25 1.17%
chainlink
Chainlink (LINK) $ 6.14 1.00%
uniswap
Uniswap (UNI) $ 4.83 1.97%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,275.51 0.15%
litecoin
Litecoin (LTC) $ 50.64 0.27%
binance-usd
Binance USD (BUSD) $ 1.00 0.21%
algorand
Algorand (ALGO) $ 0.309210 0.45%
matic-network
Polygon (MATIC) $ 0.462890 3.85%
bitcoin-cash
Bitcoin Cash (BCH) $ 103.80 1.93%
cosmos
Cosmos Hub (ATOM) $ 8.23 0.89%
vechain
VeChain (VET) $ 0.022329 0.90%
stellar
Stellar (XLM) $ 0.109041 0.12%
internet-computer
Internet Computer (ICP) $ 5.20 1.77%
fantom
Fantom (FTM) $ 0.251396 2.12%
axie-infinity
Axie Infinity (AXS) $ 14.29 2.42%
ftx-token
FTX (FTT) $ 24.19 1.76%
filecoin
Filecoin (FIL) $ 5.28 1.67%
tron
TRON (TRX) $ 0.064932 0.67%
dai
Dai (DAI) $ 1.00 0.07%
ethereum-classic
Ethereum Classic (ETC) $ 14.69 0.70%
theta-token
Theta Network (THETA) $ 1.22 2.79%
near
NEAR Protocol (NEAR) $ 3.27 2.01%
compound-ether
cETH (CETH) $ 21.27 1.15%
okb
OKB (OKB) $ 12.26 1.40%
hedera-hashgraph
Hedera (HBAR) $ 0.062244 2.06%
tezos
Tezos (XTZ) $ 1.43 2.54%
staked-ether
Lido Staked Ether (STETH) $ 1,024.54 0.26%
elrond-erd-2
Elrond (EGLD) $ 51.15 1.27%
monero
Monero (XMR) $ 116.74 0.13%
crypto-com-chain
Cronos (CRO) $ 0.112765 0.44%
eos
EOS (EOS) $ 0.932270 0.07%
pancakeswap-token
PancakeSwap (CAKE) $ 3.06 0.57%