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MFM SECURITIES REVIEW. Have you heard of mfmsecurities, are they legit and reliable? Total set free review. Therefore looking at the broker, they are new, yes.. We are not against them. But what standard did they set for traders?. There are other brokers like mfm securities compare ASF markets with MFMSECURITIES
MFMSECURITIES REVIEW
MFM SECURITIES offer CFDs, on five assets, which is forex, stocks, indices, commodities and cryptocurrencies. The broker is assumed to offer MetaTrader4, MetaTrader5 platform. However we visited them and completed our registration. And we tried it out with demo, but before we analyse the platform, let us check the broker.
MFMsecurities is mt4 broker that was registered in 2019 by group of experts. They claim to have all the knowledge of transparency and accountability of handling trader’s fund. However the company seems to be located at Suit 305, Griffith Corporate Centre, P.O Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. The International Broker Company, MFM Securities Limited claims to be a registered broker, with the registration number 23265 IBC 2016.
Therefore, mfmsecurity is new in the financial markets and have few history. Though, they looked legit but, still confusing with their platform.
MFMSECURITIES PLATFORM
mfmsecurity offer Demo, MetaTrader4, MetaTrader5 platform, which you can access even with demo.
MetaTrader4: To open mt4 account with mfmsecurities, just complete your registration. Select mt4 trading platform and it will generate you login details.
MetaTrader5: to open account with mt5 at mfm securities, complete your registration and select mt4. From there you can generate your login details for mt5.
ATTENTION, CHECK THIS OUT!
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Therefore are you a beginner? Head over to our guide on how to trade forex.
ACCOUNT TYPES
Mfmsecurities gives traders choice to choose from multiple account. However they offer three types of account, the micro account, prime account and standard account. But they also told us that they offer standard account and raw spread.
- Micro account: The minimum deposit on micro account is $15.
- Standard account: The minimum deposit on standard accounts is $25
- Prime account: The minimum deposit on prime account is $200
Standard Account: mfm securities do not charge a commission on Standard accounts. But there is a mark up applied to the spread of 1 pip above the raw Inter-bank rate received from our Liquidity providers.
Raw Spread Account: This account shows the Raw inter-bank spread received from their liquidity providers. There is a commission charge of $7 per standard lot round turn. There are brokers tested and trusted fxprimus is one
MFMSECURITIES REVIEW ON SPREADS
| Trading account | Min. deposit | Max. leverage | Spread |
| Micro | $15 | 1:500 | N/A |
| Standard | $25 | 1:500 | from 1.8 pips |
| Prime | $200 | 1:500 | raw spread + $3.5 /lot |
IS MFMSECURITIES LEGIT
Is mfmsecurities legit? Mfm securities is relatively new and fresh forex broker offering mt4 and mt5. However in the process of our mfm securities review, we visited the broker. More-so we traded with demo account, but we used mt5. Like I have said earlier, this platform is not recommended yet. This is because we don’t really know people behind the platform. Therefore can’t assure the security of your investment. To trade forex on reliable tested and trusted, go to videforex platform. The question, is mfmsecurities legit is a good question, but answer is that they are not legit yet.
PAYMENT AND WITHDRAWAL METHODS
Something is fishy as we didn’t find any payment or withdrawal methods. So its obvious that before deposit, you will have to contact them. Though when I tried making deposit I was asked to choose account. I wanted to select mt4 but I was further instructed to verify my account before opening mt4.
Customer support
In the process of our mfm securities review, we saw live chat. We were able to access their customer service. Therefore, they provide support via livechat, email and phone calls. +612 9052 0834, support@mfmsecurities.com.
More-so we tried to reach them and they were online.
However, there is an IN Responsible for MFM securities Malaysia
MFMSECURITIES REVIEW CONCLUSION.
Finally we will conclude our mfmsecurities review by telling you to make a better decision. However, we have compared the best forex brokers with a minimum deposit. Therefore choose from them and start trading with demo or real account. The broker mfm is not regulated and still new, more-so, they might not be good for you use. In short don’t register with the MFMSECURITIES. However if you want to trade forex with mt4 check fbs. They are regulated and reliable with long term experience and traders that testify.
More-so check out our compared binary options brokers.