MahiFX

  • Name:MahiFX
  • Website:https://mahifx.com/
  • Location:New Zealand United Kingdom
  • Found in:2010
  • Regulation Authority:ASIC (Australia)
Editorial Rating:
2.83
Accept US Traders:
No

MahiFX.com

MahiFX is young online trading platform that boasts office in both London and Christchurch. Founded by David Cooney and Susan Cooney in 2010, this market maker entered the online world in 2012 and since then it’s achieved acclaim in the form of FSTech’s Best FX Trading platform 2013.

Although mainly catering to English speaking traders, the site serves customers across the globe thanks to tight spreads and superior customer security. Indeed, because the company has been licensed by the Australian Securities and Investment Commission, it means they not only have to segregate client funds from their own, but ensure they have a minimum amount of tangible assets to remain stable.

MahiFX.com’s Special FX:

One of MahiFX.com’s greatest assets is the fact it’s a market maker rather than a broker or ECN (Electronic Communication Network). Unlike brokers who simply pass a user’s trade into the market or an ECN which blends rates from market makers and brokers, company’s such as MahiFX actually make the rates.

Just as banks help to set market rates through their positions as liquidity providers, MahiFX is able to pitch various currency exchange rates to the market. This position in the industry means MahiFX can offer tighter spreads to its members, thus making their trading experience much more profitable.

Beyond this, MahiFX also offers a quirky comparison tool. Provided as a means to simply compare your wealth to one of the world’s greatest traders, John Paulson, the calculator tells you how long it takes Paulson to earn your yearly wage.

Although somewhat depressing - Paulson earned $4.9 billion in 2010 – the tool does serve to demonstrate the possibilities of becoming a skilled FX trader.

The Essentials:

MahiFX offers two different trading platforms: MetaTrader 4 and MahiFX. Each offers similar features, with the providing a web platform while the latter has provisions for Expert Advisors. Indeed, some of the common tools traders will find in these platforms are: one-click trading, market alerts, in-chart trading and quick orders.

Utilising the above platforms, MahiFX is able to offer the following account conditions:

Minimum account size = $1

Minimum position size = 0.00001 lot

Fixed Spreads from 0.8 pips on major currency pairs.

Scalping is allowed

Leverage = 1:100

Digits quoted after the comma = 5

Margin call level = 100%

Stop-out level = 50%

Number of currency pairs = 100

On top of the above numbers, hedging is also allowed on this account. 

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.