Item: MFM Securities
Rating: 1.36

Licenses

VFSC Suspicious Clone

Retail Forex License

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open for free

Contact number

English

+44 131 618 8832

Broker Information

Company Name

MFM Securities Limited

Company Abbreviation

MFM Securities

Platform registered country and region

Saint Vincent and the Grenadines

Company website

https://www.mfmsecurities.com/

Twitter

https://twitter.com/MFMSecurities_?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Facebook

https://www.facebook.com/mfmsecurities

Instagram

http://instagram.com/mfmsecurities_official

YouTube

https://www.youtube.com/channel/UCzekEp024EBbxcT6NXcpKWQ

https://my.linkedin.com/company/mfm-securities?trk=public_profile_experience-item_result-card_image-click

Company summary

Pyramid scheme complaint

Expose

Broker Information

Company Name

MFM Securities Limited

Company Abbreviation

MFM Securities

Phone of the company

+44 131 618 8832

Twitter

https://twitter.com/MFMSecurities_?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Facebook

https://www.facebook.com/mfmsecurities

Instagram

http://instagram.com/mfmsecurities_official

YouTube

https://www.youtube.com/channel/UCzekEp024EBbxcT6NXcpKWQ

Regulatory Status

Suspicious Clone

Platform registered country and region

Saint Vincent and the Grenadines

Company address

First Floor, ICOUNT Building, Kumul Highway, Port Villa, Vanuatu

https://my.linkedin.com/company/mfm-securities?trk=public_profile_experience-item_result-card_image-click

WeChat

Company website

https://www.mfmsecurities.com/

Customer Service Email Address

support@mfmsecurities.com

MFM Securities · Company summary

General Information & Regulation

MFM Securities is a part of a MFM Group of Companies, offering financial and investment services and activities. https://www.mfmsecurities.com is owned and operated by MFM Securities (Pacific) Limited (Registration No. 700451), regulated by the Vanuatu Financial Services Commission (VFSC)

Market Instruments

MFM Securities offers four trading assets, including forex currency pairs, indices, stocks, and commodities. Tradable financial instruments available on the MFM Securities platform are average.

Minimum Deposit

MFM Securities offers a Mini trading account with an initial investment of just $15. Since MFM Securities is an offshore broker, traders are not advised to open trading accounts here.

Leverage

The maximum trading leverage available is relatively high, reaching up to 1:500. Trading with an offshore regulated broker with such generous leverage is not a good option.

Spreads & Commissions

When we tested its MFM Securities MT4 in demo environment, we found the spread on the most liquid pair, EUR/USD, floating around 2.2 pips. Most brokerages go below 2 pips for this pair, so this is not a competitive pricing.

Trading Platform Available

MFM Securities supports two great platforms – the MetaTrader4 and its newest version, the MetaTrader5. Both MT4 and MT5 are very popular among traders, as they offer great charting package, fast speed of execution and convenient programming environment. The latter allows users to trade with custom indicators and automated trading systems, simply known as Expert Advisors. Besides, these two platforms are user friendly, reliable, and available as desktop downloads, web versions, and mobile apps.

Deposit & Withdrawal

In terms of deposit and withdrawal payment methods, MFM Securities does not make this part clear. In most cases, most brokers support traders to fund their accounts through Credit/Debit Card, Wire Transfer, as well as Skrill and Neteller.

Customer Service

The MFM Securities customer support can be reached through telephone (+44 13161 888 32), email (support@mfmsecurities.com), as well as live chat.

MFM Securities · Company summary

General Information & Regulation

Market Instruments

MFM Securities offers four trading assets, including forex currency pairs, indices, stocks, and commodities. Tradable financial instruments available on the MFM Securities platform are average.

Minimum Deposit

MFM Securities offers a Mini trading account with an initial investment of just $15. Since MFM Securities is an offshore broker, traders are not advised to open trading accounts here.

Leverage

The maximum trading leverage available is relatively high, reaching up to 1:500. Trading with an offshore regulated broker with such generous leverage is not a good option.

Spreads & Commissions

Trading Platform Available

Deposit & Withdrawal

Customer Service

The MFM Securities customer support can be reached through telephone (+44 13161 888 32), email (support@mfmsecurities.com), as well as live chat.

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Warning: Low score, please stay away! 4

Previous Detection : 2022-10-04

It has been verified that this broker currently has no valid regulatory, please be aware of the risk!

The VanuatuVFSC regulatory (license number: 700451) claimed by this broker is a suspicious clone, please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Platform Capital Ratio

--%

-- --

100%

--%

100%

Fundamental Item(A)
Total Supplementary Items(B)
Debt Amount(C)
Non-Fixed Capital(A)+(B)-(C)=(D)
Relative amount of risk(E)
Market Risk
Transaction Risk
Underlying Risk

Capital
$(USD)

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Scam

scam broker and scam promotion!

such a scam. mfm cancelled my account after I have made lots of profit from the bonus. this is a scam, my roomate and I apply for the bonus 50 USD and we stayed at the same house, hence using the same IP address... The thing is, my roommate got the 50 USD while IM NOT because they saying its expired already on 30th November 2020.. so okay la... UNFORTUNATELY, my roommate make a lot of profit and request a withdraw but decline by MFM because saying me and her using the same IP address! and decline her request.... this is really a scam, don't trust MFM SECURITIES. THEY EVEN NOT TRYING TO INVESTIGATE WHETHER THIS IS A FRAUD OR NOT, THEY JUST ASSUME! SUCH A SCAM.

Gustavo@Fring

2021-12-17 14:40

News

NewsWIKIFX REPORT: MFM SECURITIES REVIEW – IS THIS A TRUSTWORTHY FOREX BROKER?

MFM Securities Forex Broker is an online platform that advertises itself as an international broker firm that provides financial services to traders from all over the world. They serve institutional and retail clients all around the world, but we wanted to see if the information on their main website was accurate. When working with Forex brokers, the first and most crucial consideration is whether or not they can be trusted with your financial assets.

WikiFX

2022-06-20 16:06

NewsMFM Securities Do-It Ramadan Contest 2022

The MFM Securities Malaysia Do-It Ramadan Contest will take place from March 28th to April 4th, 2022. The month of Ramadhan has arrived, and it is time to contribute more. Take part in MFM Securities Do-It-Yourself Ramadan Contest for a chance to win cash!

WikiFX

2022-04-19 15:20

MFM Securities Do-It Ramadan Contest 2022

News 5 things you should know about mfmsecurities.com

MFM Securities is an offshore broker that, despite its status, is quite decent looking. However, brokers should focus on trading conditions, and not on looks. The leverage is maxed at 1:500, a common offshore broker value, while the EUR/USD spread was 2.1 pips on the demo platform. Such a spread is not really very lucrative for traders.

WikiFX

2021-12-16 23:16

5 things you should know about mfmsecurities.com

About More

Broker Information

Company Name

MFM Securities Limited

Company Abbreviation

MFM Securities

Phone of the company

+44 131 618 8832

Twitter

https://twitter.com/MFMSecurities_?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Facebook

https://www.facebook.com/mfmsecurities

Instagram

http://instagram.com/mfmsecurities_official

YouTube

https://www.youtube.com/channel/UCzekEp024EBbxcT6NXcpKWQ

Regulatory Status

Suspicious Clone

Platform registered country and region

Saint Vincent and the Grenadines

Company address

First Floor, ICOUNT Building, Kumul Highway, Port Villa, Vanuatu

https://my.linkedin.com/company/mfm-securities?trk=public_profile_experience-item_result-card_image-click

WeChat

Company website

https://www.mfmsecurities.com/

Customer Service Email Address

support@mfmsecurities.com

Company summary

MFM Securities · Company summary

General Information & Regulation

Market Instruments

MFM Securities offers four trading assets, including forex currency pairs, indices, stocks, and commodities. Tradable financial instruments available on the MFM Securities platform are average.

Minimum Deposit

MFM Securities offers a Mini trading account with an initial investment of just $15. Since MFM Securities is an offshore broker, traders are not advised to open trading accounts here.

Leverage

The maximum trading leverage available is relatively high, reaching up to 1:500. Trading with an offshore regulated broker with such generous leverage is not a good option.

Spreads & Commissions

Trading Platform Available

Deposit & Withdrawal

Customer Service

The MFM Securities customer support can be reached through telephone (+44 13161 888 32), email (support@mfmsecurities.com), as well as live chat.