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MahiFX reviews

MahiFX_logo MahiFX 6/10 (votes 2385)

On-line since: 2012
Country of origin: New Zealand
Regulation: ASIC, FSP, and FCA
Payment options: bank cards (Visa/Masterсard), wire transfer
Minimum account size: $0
Minimum lot size: 0.00001 lot
Leverage: 1:100
Spreads: floating

MahiFX is one of the most popular forex brokers in New Zealand. The company offers a wide range of products created by a team of professionals with many years of experience in this industry. These products include MFX Compass, MFX Vector, and MFX Trade.

The broker's activity is regulated by ASIC, FSP, and FCA.

MahiFX provides two account types. The only difference between them is a platform on which clients can trade. Trading is conducted via the broker's own platform, MahiFX, on the first account type and via popular MetaTrader 4 on the second one. Other trading conditions are the same for both account types. The company does not set a minimum deposit, but clients need to deposit at least $1 to start trading. The minimum deal size is 0.00001 lot. Spreads are floating and relatively low compared to ones of other brokerage firms. The minimum spread for the EUR/USD pair is 0.8 pip and the average one is 1.4 pips. The broker offers such trading instruments as currency pairs, gold, and silver. The leverage depends on the trading instrument, it is 1:100 for Forex and 1:25 for precious metals. MahiFX's clients can trade more than 100 currency pairs, that is one of the widest choice in the industry. The margin is 100% and the stop-out is 50%. Hedging is allowed.

MetaTrader 4 is one of the most popular trading platforms offered by almost all brokerage companies. It provides many opportunities and services, including building charts, implementing your own trading strategies, news stream, and trading signals. MT4 is available on any device and operating system. It can be downloaded to Windows and MAC as well as to IOS- and Android-based smartphones or tablets. The MahiFX platform has standard tools and functions.

The security of the website is ensured by the ssl encryption. Traders can contact the company's managers by email, phone, and live chat. Besides, clients can get in touch with them in social networks.

There are also trade ideas, video lessons, and a currency converter are on the website. The website is available in English only but the customer support is also provided in Arabic, French, and Spanish.

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