MahiFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：Founded in 2010, MahiFX is a brokerage firm headquartered in New Zealand with entities in Australia and the U.K. MahiFX currently holds a straight-through license from the U.K. Financial Conduct Authority (Regulation No.751019), a full license from the Australian Securities and Investments and Investments Commission (License No. 414198), and New Zealand Financial Markets Authority through-license (regulatory number: 197465).

　　General Information & Regulation

　　Founded in 2010, MahiFX is a brokerage firm headquartered in New Zealand with entities in Australia and the U.K. MahiFX currently holds a straight-through license from the U.K. Financial Conduct Authority (Regulation No.751019). MahiFX offers a wide range of products created by experienced team: MFX Compass, MFX Vector, and MFX Trade.

　　Market Instruments

　　MahiFX offers its investors over 100 pairs of Forex currency pairs and precious metals as the main financial products.

　　Minimum Deposit

　　MahiFX offers retail investors a trading account with no commissions, only spreads, and no minimum deposit requirements. There are also accounts designed for specific needs, such as institutional and professional accounts.

　　MahiFX Leverage

　　The maximum trading leverage is 1:100 when trading with MahiFX New Zealand and 1:30 for major currency pairs, 1:20 for minor currency pairs, and 1:10 for commodities when trading with MahiFX UK entities.

　　Spreads & Commissions

　　MahiFX does not charge commissions on each trade, and all trading costs are built into spreads. The average spread on the EURUSD is one pip, which is not the lowest but is a relatively competitive spread among industry quotes. MahiFX will always charge overnight interest on positions held longer than one day, with each instrument charging a different quote for overnight positions.

　　Trading Platform

　　MahiFX offers traders a variety of trading platforms, including three innovative, self-developed trading platforms: MFX Compass, MFX Vector, MFX Echo, and the current market-leading and highly regarded MT4 trading platform. The MahiFX trading platform features dynamic timing and pricing, an selection of limit orders and trading modes. The combination with the MFX Echo and MFX Compass products enhances all features and allows traders to take advantage of the great benefits of powerful analysis and risk management.

　　Deposit and Withdrawal

　　MahiFX supports traders to fund their live trading accounts via wire transfer, VISA/MasterCard credit card.

　　Customer Support

　　A London help desk number connects traders with a MahiFX support representative. There is also an online help request form and Chat is available during trading hours. The FAQ section is divided into different sectors and is well presented.