MAHIFX

About company:

 

Broker MahiFX has been operating since 2012 and has offices in Christchurch, New Zealand and London. The MahiFX trading platform was named the best in 2013 at the 13th Annual FStech Awards.

 

MahiFX offers a wide range of products created by a team with many years of experience: MFX Compass, MFX Vector, MFX Trade.

 

Safety

MahiFX is ASIC regulated. But the most important license was obtained in 2017 from the UK financial regulator. FCA enforces strict requirements and standards for financial service providers. To be licensed by the FCA, brokerage companies must have assets of 730,000 euros and maintain this capital. In addition, customer funds must be held in segregated bank accounts. Another important fact for traders: all FCA regulated brokers are members of the FSC program, which guarantees traders a refund of up to £ 50,000 per person in the event of a broker's insolvency.

 

The website is secured with SSL.

 

Trading conditions

There are two trading accounts: the first one is trading on the broker's own platform - MahiFx; on the second - from the MT4 terminal.

 

Both accounts have the same spreads, 0.8 pips for EUR / USD, EUR / GBP and USD / JPY, excluding commission. There are more than 110 instruments to choose from. Available leverage is 1: 100.

 

MahiFx allows you to trade from a browser and is compatible with Mac. The MahiFx + MT4 account allows you to trade on mobile and tablet.

 

MahiFX offers a demo account. This broker does not offer PAMM accounts, although it intends to provide social trading in the future.

 

additional services

MahiFX prides itself on its ultra-low spreads and publishes a spread chart so traders can compare spreads from some of the leading Forex brokers.

 

In addition to the trading tools that most brokers offer, MahiFX provides sophisticated new tools and functionalities that include measuring volatility, one-click trading.

 

A unique feature for banks and businesses at MahiFX is its MFX Compass product. It includes features such as algorithmic hedging, risk analysis, system administration, spread adjustment, trade visualization, and successful product commercialization and distribution.

 

Education and analytics

The broker offers the trader articles on technical and fundamental analysis, support, risk management, developing a trading plan, placing trade orders, chart schemes and how to avoid common mistakes.

 

There is a currency converter, financial glossary, and a wide selection of videos on various topics. In addition, MahiFX offers a wide range of charting indicators to help users analyze their favorite currencies.

 

They can analyze trends using different types of moving averages: EMA, WMA, or use other indicators such as the parabolic stop and reversal system (PSAR), Donchian Channel, Momentum, Relative Strength Index (RSI) and Rate of Change (ROC).

 

Traders also have access to market news.

 

Ways of payment

Deposits to MahiFX can be made by credit card or bank transfer. You can withdraw up to $ 25,000 per day using a credit card; when using a bank transfer, the amount is not limited.

 

Support service

You can contact the broker's representatives by e-mail, phone, via the online support chat. Alternatively, traders can write on social media. The site is in English only, but support is also provided in Arabic, French and Spanish.

 

The MahiFX website is inconvenient to navigate, however, to help traders, the broker has created a whole section with a video, which shows step by step how to start trading.

 

Pros:

 

regulated broker; variety of trading platforms; low spreads; no minimum deposit.

 

Minuses:

 

limited choice of payment methods; low leverage.