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MFM Securities
Australia|2-5 years| https://mfmsbroker.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
AustraliaAccount Information
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Website
mfmsbroker.com
Server Location
United States
Website Domain Name
mfmsbroker.com
Server IP
104.26.11.71
-
mfmbroker.com
Server Location
United States
Website Domain Name
mfmbroker.com
Server IP
23.236.62.147
Company Summary
Note: MFM Securities's official website - https://MFM Securities.com/ is currently inaccessible normal.
| MFM Securities Review Summary | |
| Founded | / |
| Registered Country/Region | Australia |
| Regulation | Unregulated |
| Market Instruments | 100+ CFDs on stocks, indices, forex, commodities, cryptocurrencies, bonds and ETFs |
| Demo Account | ✅ |
| Leverage | 1:10-1:1000 |
| Spread | From 1.8 pips (Standard account) |
| Trading Platform | MT4, MT5 |
| Min Deposit | $15 |
| Customer Support | 24/7 live chat |
| Tel: +44 13161 888 32 | |
| Email: support@mfmsecurities.com | |
| Twitter, Facebook, Instagram, YouTube and LinkedIn | |
| Registered address: Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and The Grenadines | |
MFM Securities, a trading name of MFM Securities (Pacific) Limited, is a forex and CFD broker that offers trading in stocks, indices, forex, commodities, cryptocurrencies, bonds and ETFswith spreads from 1.8 pips on the Standard account and flexible leverage up to 1:1000. It also offers four different live account types on the top MetaTrader4 and MetaTrader5 trading platforms.
Pros and Cons
| Pros | Cons |
| Diverse tradable asset classes | Unfunctional website |
| Demo account and three live account types | Not licensed |
| Micro accounts offered | Deposit and withdrawal fee charged |
| Flexible leverage ratios | |
| No commissions for some account types | |
| MT4 and MT5 supported | |
| Low minimum deposit | |
| Popular payment options | |
| 24/7 live chat support |
Is MFM Securities Legit?
No. MFM Securities operates without regulations. Please be aware of the risk!
What Can I Trade on MFM Securities?
MFM Securities advertises that it offers access to more than 100 trading instruments in financial markets, including CFDs on 7 asset classes: stocks, indices, forex, commodities, cryptocurrencies, bonds and ETFs.
| Trading Asset | Available |
| CFDs | ✔ |
| forex | ✔ |
| commodities | ✔ |
| stocks | ✔ |
| indices | ✔ |
| cryptocurrencies | ✔ |
| bonds | ✔ |
| ETFs | ✔ |
| options | ❌ |
Account Type
Apart from demo accounts, MFM Securities claims to offer three types of trading accounts, namely Standard, Prime, and Micro.
| Account Type | MinDeposit |
| Micro | $15 |
| Standard | $25 |
| Prime | $100 |
| ECN | $100 |
Leverage
The leverage provided by MFM Securities is capped at 1:1000. More details can be found in the below table. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
| Standard | Prime | ECN | Micro | |
| Forex | 1:100-1:500 | 1:100-1:1000 | ||
| Metals | ||||
| Energy | ||||
| Stocks | 1:10-1:60 | / | ||
| Cryptos | / | 1:10 | ||
Spread and Commission
| Account Type | Spread | Commission |
| Standard | From 1.8 pips | ❌ |
| Prime | From 0.4 pips | |
| ECN | / | |
| Micro | Raw | $5/lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
MFM Securities says to accept deposits via credit/debit cards, online banking, cryptocurrency and Wire Transfer, and withdrawals with online banking and cryptocurrency.
The minimum initial deposit requirement is said to be $100 for Wire Transfer, while $25 for deposit methods. The minimum withdrawal amount is $13.
The broker also charges deposit fees, 1.5% and minimum €0.4 for cryptocurrency deposits, while other deposits are free.
As for the processing time of deposit and withdrawal requests, all deposits are said to be processed within 10 minutes, while free for online banking withdrawals and 1.5% for cryptocurrency withdrawals.
Promotions
MFM Securities claims to offer a 35%+25% deposit bonus and a $30 welcome bonus on the Prime account. The maximum bonus is up to $5,000.
In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News
News MFM 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!
2022-04-19 15:20
News MFM Securities: Serving Retail and Institutional Clients Worldwide – and Still Growing
Global Banking & Finance Review recently caught up with Handzalah Osman, the Head of Business Strategy at MFM Securities, a global multi-asset broker who has been operating since 2011. We asked Handzalah about what MFM has to offer over its competitors, what advice he would give to someone who is new to trading, and what MFM’s customers can look forward to seeing in the near future.
2022-02-25 12:20
News MFM Securities Limited
MFM Securities is a Vanuatu based forex and CFD broker that was formed recently and is aiming to become a top broker by offering clients the best execution, spreads, and service. The broker is focused on the Asian region but has also grown to service clients all across the globe. They have even been selected as the best new forex broker in southeast Asia for 2021 by Global Banking and Finance Review.
2022-02-25 12:09
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