MahiFX Review

What is MahiFX?

MahiFX, an innovative company, pushes the industry's limits through the FX sector at key global investment banks. MahiFX's first product, MFXTrade, was launched in 2012. The company itself was established in 2010 by interbank experts combining technology and quantitative analytics.


Broker: MahiFX

Minimum deposit: 1 US$

Leverage: 1:100

Regulator: ASIC FMA, FCA

Year: 2010

Platforms: MFXVector, MT4

HQ: New Zealand



MahiFX Licenses:

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

  • MahiFX Limited is authorized by FMA New Zealand. registration number. FSP197465

  • MahiFX Limited (UK), authorized by FCA UK (UK) registration number. 08107062 is inactive

Overview

MahiFX broker is available through international financial centers. It was previously New Zealand broker and has additional entities in Australia, London, UK brokerage. MahiFX provides online trading and exposure to more than 100 FX pairs, including precious metals. It is an e-FX Engine room developed by a team expert.


Pros

  • Demo Account

  • Regulation

  • User-Friendly Website


Cons

  • Only One Trading Account

  • Only One Bonus


Rating of the company overall

  • Reliability ⭐⭐⭐⭐

  • Platform ⭐⭐⭐⭐⭐

  • Commissions ⭐⭐⭐⭐

  • Support ⭐⭐⭐⭐

  • Financial instruments ⭐⭐⭐⭐

RATING: 4.1

Is MahiFX a safe or scam?

We are now going to a crucial topic about company reliability. We found that MahiFX is not only a regulated and authorized broker in New Zealand, but also in Australia and the UK. MahiFX has three licenses, including three internationally-respected licenses, such as ASIC, FMA, and FCA.

Each jurisdiction has its own rules, but they all contribute to customer protection and the firm's reliability. All the business and services MahiFX provides are strictly focused on transparent money operation and company operational financing. They also follow protective measures and treat clients.

You can therefore invest with MahiFX knowing that the legal notes broker will operate and that your investment will be protected by the international authorities.

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

  • MahiFX Limited is authorized by FMA New Zealand.registration number. FSP197465

  • MahiFX Limited (UK), authorized by FCA UK (UK)registration number. 08107062


MahiFX products

MahiFX's unique feature is the combination of its three products into e-FX Roomwhile each product serves a professional and important purpose in FX trading. These include MFX Echo, MFX Vector, and MFX Compass.

MFX Comppass is a pricing and risk management tool that combines sophisticated filtering with efficient management and ongoing consultancy.

MFX vector is an advanced trading centre or better, platform. We will discuss it in more detail.

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

Types of accounts

MahiFX provides a single trading account for retail traders . It does not affect your trading experience, or the amount that you invest. This account does not have a minimum deposit and is spread-only. Others accounts can be set up for specific needs, such as professional or institutional clients.



Fees

MahiFX doesn't charge a commission for each trade, but all costs are included in a tight spread. The EUR/USD pair has a variable spread of 1 pip, which is a competitive spread for the industry.

MahiFX fees can be compared to FBS, a popular broker.

MahiFX rollover

Remember to consider MahiFX Rollover or the overnight fee as an additional cost. This is applicable for positions that are held for more than one day. Every instrument has a different overnight position quote, which could work in your favor or be deducted as an additional fee.

Leverage

MahiFX is an international broker that offers you the opportunity to increase your trading size with powerful tool leverage. This may increase your potential gains.

The leverage levels you trade depend on the instrument and the regulations in each country. Trading with New Zealand MahiFX may allow you to trade in the markets with maximum leverage of 1:00. However, leverage for trading with the FCA entity is significantly lower. A retail trader can only use a 1:20 leverage for minor currencies and 1:1:30 for major currencies.

Learn how to properly leverage leverage, as it can increase your risk of losing money and is an important feature in many instruments.

Methods of funding

MahiFX, like most brokers, offers an easy and safe way to fund your live trading account. This includes options via Credit/ Debit Card and Bank Wire Transfer.

Minimum deposit

MahiFX minimum account deposit is $1 to open a live account allowing traders to get started quickly. However, each instrument has a specific margin that you need to know about before depositing any money.

MahiFX Minimum Deposit vs Other Brokers

Withdrawal

MahiFX doesn't charge withdrawal fees. The most popular methods of withdrawal are Bank wire and Credit Cards. If fees for international transactions or other money transfer applications are waived, be sure to contact the customer service.

Trade Platforms

A great benefit of trading with MahiFX are its simple algorithms, powerful engine, and incredible flexibility. MahiFX created its own command center MFXVector that allows you to trade like a professional. Simply post to the top of your book and choose from passive or aggressive strategies.

We love MahiFX platform for its dynamic pricing and ease-of-use interface. It also has great Limit Orders and a choice of trading modes. will use the same technology that Tier 1 banks use. This allows you to specify your level of aggression, executed amount, and other flexibility when placing an order.

All this is made possible by the combination with MFXEcho or MFXCompass products, which gives you the advantage of powerful analytics as well as risk management. This combination is a promising and progressive way to trade success. However, a broker also offers a popular MT4 which almost all traders know.

Conclusion

A New Zealand broker, FMA MahiFX is an established company that has multiple licenses. This includes ASIC, FCA, and FMA MahiFX. We like MahiFX technology solutions, and the way they create trading conditions based upon the unique products that they make. Although there isn't much FX trading diversification, MahiFX offers many advantages, including low cost, high leverage, and no initial deposit.

Broker licenses are inactive so trading is not safe. Before signing with a broker, traders should be cautious.