On-line since: About company: MahiFX has been operating since 2012 and has offices in Christchurch, New Zealand, and London, UK. In 2013, the MahiFX trading platform has been named the best at the 13th FStech Awards. MahiFX offers a wide range of products created by experienced team: MFX Compass, MFX Vector, and MFX Trade. Security MahiFX is regulated by ASIC, but the most important license was received in 2017 from the UK financial regulatory body. The FCA imposes strict requirements and standards for financial service providers. To obtain an FCA license, a brokerage company should has assets of € 730,000 and hold this capital. In addition, clients’ funds should be kept in separate bank accounts. Another important fact for traders: all FCA regulated brokers are members of the FSC program, which guarantees traders a return of up to £ 50,000 per person in case of a broker's insolvency. The website is protected with SSL. Trading conditions There are two trading accounts: on the first one, trading is conducted on the broker's own platform - MahiFx; on the other, on the MT4 platform. Both accounts offer same spreads - 0.8 pip for EUR/USD, EUR/GBP, and USD/JPY excluding commission. There are 110 instruments at a trader’s disposal. Available leverage is 1:100. MahiFx allows you to trade in a browser and is compatible with Mac. The MahiFx + MT4 account enables you to trade on mobile devices and tablets. MahiFX offers a demo account. This broker does not render PAMM account, although it intends to provide social trading in future. Additional services MahiFX is proud of its ultra-low spreads. The company’s website provides a list of spreads, so traders can compare the spreads of some leading Forex brokers. In addition to usual trading tools, MahiFX offers new comprehensive tools and functions that include volatility indicator and one-click trading. MahiFX has a unique offer for banks and businesses - MFX Compass. This product comprises several functions such as algorithmic hedging, risk analysis, system administration, spread adjustment, transaction visualization, as well as successful commercialization and product distribution. Educational materials and analytics The broker offers articles on technical and fundamental analysis, client support, risk management, development of a trading plan, trading orders placement, charts and hints on how to avoid common mistakes. There is a currency converter, a financial glossary and a wide section of videos on various topics. In addition, MahiFX offers a large set of indicators for charts to help users analyze their favorite currencies. They can analyze trends using different types of moving averages: EMA, WMA, or use other indicators, for example, parabolic stop and turn prices (PSAR), the Donchian channel, Momentum, the Relative Strength Index (RSI) and Rate of Change (ROC). Traders also have access to market news. Payment methods Funds depositing can be made via bank cards or wire transfer. You can withdraw up to $ 25,000 per day using a bank card; withdrawals through bank transfer are not limited in the amount. Client upport service You can contact the broker representatives via email, telephone, or online support chat. Besides, traders can write on social networks. The website is available only in English, but support is also provided in Arabic, French, and Spanish. The MahiFX website is not convenient in navigation; but to help traders, the broker has created a special section with step-by-step videos telling how to start trading. Advantages:
Disadvantages:
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MahiFX is a perfect broker. I have found live price quotes and the chart is so clear that my order executes instantly. Also, I can use an EA for trading on the platform too. So I can do everything is easy in the risky market. I'm satisfied with their Withdrawal service, As I can withdraw money from a local representative. Actually, MahiFX is a perfect broker.
I just face problems with this broker. I'm trying to withdraw my money since last year and my funds were blocked with no reasons. All their answers are excuses. I showed in history transactions in the two accounts. The only problem is trading same ip and 2 accounts and lost all money in each and second date trading 2 accounts and winning in each. No impressive trading tools to be used. I never learned anything from them.
Very easy to deal with MahiFX, I have been trading for five months now and still I did not countenance an execution trouble. They got a smooth and quick execution. I am tremendously impressed with their fastest Deposit and withdrawal method. No requote also low spread made MahiFX great broker.
MahiFX has a floating spread that is why most of my trades are charged with high fees. The only reason I stay with this broker is the assurance that they can be trusted. I already made two withdrawals which amounted to a total of $1400 and I did not have any difficulty. That is why I just ignore the wide spread.
I have several times asked for the help from customer support, but not execution until now. I don't think I can stay with a broker on a long-term basis if they have a very rude, unprofessional Support team. They never told me about the restriction in scalping. When I made huge profit and requested to withdraw, they hold my withdrawal order for almost 5 weeks. This broker makes me confused. Software used frequently experiencing connection issues and trading pages filled with spam and other junk.
I have been trading with MahiFX for a year and I recently made my first withdrawal request. It has been two weeks already but the company has not released my money yet. I have been asking for an update from them but no one is answering. Right now, I don't know what the status of my request is or if it will ever be transferred to me.
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