Mahifx.com Review Is MahiFX Legit Or Scam

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MahiFX Review

MahiFX

Leverage: 1:100

Regulation: ASIC, FMA, FCA

Min. Deposit: 1 US$

HQ: New Zealand

Platforms: MFXVector, MT4

Found in: 2020

MahiFX Licenses

  • MahiFX Limited – authorized by ASIC (Australia) registration no. AFSL 414198
  • MahiFX Limited – authorized by FMA (New Zealand) registration no. FSP197465
  • MahiFX (UK) Limited – authorized by FCA (UK) registration no. 08107062

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Throughout research about brokers and trading offerings it stands as first to choose the most reliable company, as well the one that suits your trading needs the best. For this reason, we assist by checking detailed information and support selection so here is MahiFX Review among others.

What is MahiFX?

MahiFX is an innovation driven company that pushes the industry to its limits through the FX industry at key global investment banks. MahiFX first product MFX Trade was formally launched back in 2020, while the company itself established in 2020 by collective interbank experience leaders combining technology, quantitative analytics and trading.

MahiFX broker operates through global financial centers and is formerly New Zealand broker with additional entities in Australia and London, UK brokerage. Overall, MahiFX offers access to online trading with exposure to over 100 FX pairs including precious metals by being e-FX Engine Room developed by a team of experts.

What is absolutely unique at MahiFX is its three products combining into e-FX Engine Room while each of them serves an important and professional approach to FX trading. These including MFX Compass, MFX Vector and MFX Echo.

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Respectively, MFX Compass is a Pricing and risk management tool with solution to sophisticated filtering and efficient management with ongoing consultancy.

MFX Vector is an advanced trading center or better to say platform, which we will see in detail further.

Lastly, MFX Echo is a professional approach to analytics with 3-dimensional analysis, liquidity visualization and price explanation.

Nevertheless, to understand offering in a detail you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:

Is MahiFX safe or a scam?

Going to an important topic about company reliability, as we found MahiFX is regulated and authorized broker not only in its original New Zealand but also authorized in the UK and Australia. Therefore, MahiFX holds three licenses notably three world-respected licenses including FCA, ASIC and FMA.

While each jurisdiction mandates slightly different rules to follow and oblige to, all of them anyhow transmitted to customer protection and constant overseeing of the firm’s reliability. Which means, all the business and service MahiFX provide is strictly sharpen to transparent money operation, company operational funding itself, follow of protective measures and treatment of clients, lastly participation into compensation in case of insolvency. So, while investing with MahiFX you can rest assured of the legal notes broker operate through, as well as count on the guarded investment by the world authorities in case anything goes wrong with your investment.

MahiFX Limited – authorized by ASIC (Australia) registration no. AFSL 414198

MahiFX Limited – authorized by FMA (New Zealand) registration no. FSP197465

MahiFX (UK) Limited – authorized by FCA (UK) registration no. 08107062

MahiFX Trading Platforms

Another great advantage while trading with MahiFX is its unique combination between straightforward algorithms with a powerful engine and amazing flexibility of the platform. MahiFX designed its own complete command centre MFXVector that allows to trade like professional by posting to the top of the book and choose between passive or aggressive strategies.

Generally, we really like MahiFX platform with its Dynamic time and pricing and easy to understand interface with great Limit Orders and mode to choose while trading. Moreover, you will be using the same innovative technology Tier 1 banks use, so you may specify levels of aggression, executed amount and other flexibility while concluding an order.

And all that is enhanced by the conjunction with MFXEcho and MFXCompass products enabling you to the great advantage of powerful analytics and risk management. Agree, this mixture is indeed a progressive and promising opportunity for trading success, even though broker does offer a popular MT4 for your convenience too which is known to almost any trader own MahiFX platform brings truly competitive environment.

MahiFX Trading Costs and Accounts

MahiFX offers a single trading account for retail traders, therefore it does not make a difference on your trading experience or even the amount you invest. Simply this account has no minimum requirement and is commission-free, spread only account. Other accounts are designed for a particular need like Institutions or professionals.

MahiFX spread

As for the trading costs, MahiFX does not charge a commission per trade while all costs are built into a tight spread. The variable spread is set to an average of 1 pip for the EUR/USD pair, which is considered not very low but indeed competitive spread among the industry offers. You may compare MahiFX fees to another popular broker XTB.

MahiFX rollover

Also, always consider MahiFX rollover or overnight fee as a cost, which is charged on the positions held longer than a day. Each instrument charges different quote for overnight positions, which may work in your favor as a refund or be deducted as a fee.

MahiFX Leverage

MahiFX being an international broker do offer you an expand to trading size through powerful tool leverage, which may increase potential gains.

Leverage levels always depending on the instrument you trade, as well defined by the regulatory restrictions in the country or another. Therefore, trading with New Zealand MahiFX you may bring exposure to the markets through maximum leverage of 1:100, while trading with the FCA entity of MahiFX leverage is significantly lowered. The maximum leverage you may use as a retail trader being a European trader or the one from the UK is set to a 1:30 for major currencies, 1:20 for minor ones and 1:10 for commodities.

And of course, always learn how to use leverage correctly, as leverage may increase your potential loses as well and is a different feature in various instruments.

MahiFX Funding Methods

MahiFX as the majority of brokers offers an easy and secure way to fund the live trading account, that includes options by Credit/ Debit Card or Bank Wire transfer.

MahiFX minimum deposit

The minimum deposit as we mentioned earlier does not demand any specific amount, you just need 1$ at your account to start allowing even beginning traders to engage with ease. Nevertheless, as a transaction cost, there is a specified margin for each instrument which you should know about and verify before depositing money.

MahiFX withdrawal fees

The withdrawals are processed with the same payment methods due to regulatory restrictions, yet there typically MahiFX does not charge withdrawal fees on your requested transactions. However, make sure to check on with the customer service and payment provider in case any fees are waived due to international transactions or other applications for money transfers.

Conclusion on MahiFX

Being a New Zealand broker operating through multiple licenses including ASIC, FCA and FMA MahiFX indeed is a reliable company overseen by the leading world authorities. In terms of the trading offers itself, we do like MahiFX technology solutions and how they build trading conditions based on the unique products they develop. Even though, there is not too much diversification to markets as main mainstays on FX trading MahiFX has numerous advantages including good cost, access to high leverage and no initial deposit.

Nevertheless, we would be glad to know your personal opinion about MahiFX, so you may share your experience in the comment area below, or ask us for some additional information if required.

Mahifx.com Review: Is MahiFX Legit Or Scam?

MahiFX e-FX Review: it is also referred to as MahiFX on the page and claims to offer range of products for Forex traders. Is mahifx.com legit or a scam?

This seems like a Forex vendor providing traders with Forex trading tools. The MahiFX e-FX is referred to as an “Engine Room” offering a range of products. These products are said to have been built and developed by their “expert team”. David and Susan Cooney are said to have found the company and their first product was launched in 2020.

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The team running the company is said to be made up of 16 individuals. They claim to give traders the right platform for “work-life balance, career growth, recognition and job satisfaction”. It is totally in character for Forex Vendors to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.

How MahiFX e-FX Works

Currently the vendor offers three products and we would briefly consider each of them below.

MFX Compass

It is said to provide “an e-FX solution for anyone”. It comes with features like: powerful analytics, efficient risk management, sophisticated B Book filtering, Commission free liquidity, and consultancy in all aspects of e-FX.

This product is made up of the following “comprehensive and technologically advanced” components according to the page: price and rate formation, efficient risk management, real-time analytics, sophisticated hedging and experienced team.

MFX Vector

This helps traders to execute e-FX commands with flexible and straightforward algorithms. It uses the following trading strategies: passive strategies, aggressive modes, dynamic time, dynamic price, and limit orders.

The product has many advantages including: complete execution control, innovative technology, sophisticated market-making engine, cancels orders at any point, detachable screens feature and many more.

MFX Echo

This will assist traders in trading analytics thus reducing the need for hard work. It gives the following: contemporary reports, yield profiles, real-time alerts, top of book analysis, millisecond data, and analytics via any device.

Using this product, traders get to make real profits, understand PnL moves, identify sweeps, compare execution and lots more.

MahiFX e-FX Pricing Structure

The prices for the various products are not stated but clients are directed to contact the vendors via phone numbers. We find this kind of shady as many product vendors in the Forex market make their prices known upfront.

Clients Feedback on MahiFX e-FX

We do not find client reviews on this vendor. However, we found that there is a Forex broker named MahiFX. Both symbols used by the broker and the vendor are similar and are owned by the same company; MahiFX Ltd.

This is a reassuring find. Since the company is licensed in New Zealand, Australia and also UK.

Support

To reach the customer care agent or the vendors for prices and other details, call: +44 (0)203 397 1825/ +64 (0)328 880389 or email them at: [email protected]

Conclusion

We find that the manner details are presented on the page seems professional. MahiFX e-FX being owned by a legit company is also an advantage. However, hiding the prices from the public eye is not a good thing. Client feedbacks are also important.

HFTrading.com (.com.au) Review Visit site

March 2020: MahiFX.com has asked the FPA to warn readers about a clone site.

Mahi-FX.com is an illegal copy of MahiFX.com.

About HFTrading.com (.com.au)

HFTrading is a forex broker. HF Trading offers the MT4, WebTrader and Mobile forex trading top platform. HFTrading.com offers over 45 forex currency pairs, cfds, commodities, stocks, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

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HFTrading.com (.com.au) profile provided by Michele McDermott-Fox, Sep 30, 2020

MahiFX + MT4 – the tightest spreads in the market using the world’s most popular trading platform.

MahiFX brings ‘big bank’ FX trading technology to the retail market. Operating as a market maker MahiFX provides FX traders with access to the same tight spreads and cutting edge technology as institutional traders. Prices are tradeable – there are no ‘from’ prices, hidden costs, slippage, re-quotes or minimum trade sizes.

Your choice of platform

Our proprietary platform has a wealth of features, which are the result of our collective experience in trading together with direct feedback from clients. The platform is fully customisable to your level of trading. We also offer the popular platform MT4 for those of you who would rather use a platform you are already familiar with. Developed by a team of ex-interbank traders, analysts, statisticians and developers, MahiFX is headed by David Cooney, former global co-head of currency options and e-FX trading at Barclays Capital and responsible for the award winning e-commerce platform BARX and Susan Cooney, former head of electronic FX institutional sales in Europe for Barclays Capital.

MahiFX global operations are headquartered in Christchurch, New Zealand with offices in London, UK. The company has dedicated development and support teams in both locations for 24 hour service. MahiFX is regulated by The Australian Securities and Investments Commission (ASIC), Australia’s corporate, markets and financial services regulator.

Sign up for a free practice account at https://mahifx.com/register/demo/

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.

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Consumer Reviews

Service use: Live

Length of use: 0-3 Months

Hi.
I’m rating MahiFX five stars simply because you need to feel good with your broker.

I came to MahiFX for it’s tight spreads and the first day I was really surprised: i tried scalping at 11h30 MIN gtm and I was already in profit several times with USD-JPY and EURO-USD;

So I told myself: what. I’m not accustomed not being a victim!

I wanna feel myself a hero going for years trough hellish hardship to tell my grandsons after twenty or thirty years that Forex was really impossible to me and I loosed tons of money before winning some valuable pennies.

Unfortunately, if you use Heiken ashi and begin scalping on Mahifx, you gonna lose your statute of victim that you acquired with other big brokers with their thick spreads.

It’s too sweet to be a victim and make others feel pity toward you and being hugged for that. You have no more here such opportunity.
If you can’t sometimes close a position with a simple click, just use the right mouse button and click on the menu: close order!

I also tried pending orders with this broker and noticing that I become better and better at it in less than two weeks, I told myself: what the ***!! Why life is becoming so easy to me? How I gonna feel myself like a hero if there is no hardship with this broker?

What an empty and boring life waiting for me, if trading continues to be to me this easy?

No, I’m not considering suicide, but it’s really annoying to realize that, with this broker, destiny loses it’s meaning and success becomes at hand if you look for the easiest ways to make money.

Yes, I know that some of you gonna say this and that, but my advice to you is to cut your losses quickly and get out of any position at any moment, because with this broker’s tight spread, you still have the possibility to come back and make profit, as if nothing happened. Don’t be greedy, this is not paradise. But I see profit is always possible using heiken ashi with MahiFx.

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