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MFX Broker review | A review by AnalystFX

MFX Broker Review

mfx broker review

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MFX Broker at a Glance:

Country of origin: Russia

Founded in: 2006

Regulation: IFSC

Minimum Deposit: $1

Min. lot size: 0.01 lot

Max. Leverage: 1:1000

Spreads: 2 pips

About MFX Broker

MFX Broker is a leading online forex brokerage firm that is based in Belize but with its headquarter in St. Petersburg, Russia. They are especially famous for being the first broker in the industry to introduce “cents” trading accounts which helped many retail traders to trade the markets with minimal risks. In addition, the requirements for their ECN accounts are unprecedentedly soft requiring only a minimum trading volume of 0.1 lot and a deposit of $200. Today, as part of their expansion program, MFX Broker also maintains satellite offices in various other countries such as Indonesia, Malaysia, China and Moldova.

MFX Broker Review Table:

Broker Information

Trading Information

Legal NameMFX BrokerPlatform TypeMT5, MT4 , Web Trading, mobile
Broker TypeNDDPlatform LanguagesMulti-lingual
Websitewww.mfxbroker.comOS CompatibilityMac OS  , Windows , Android
HeadquartersRussiaSocial TradingYes
Founded in2006Trading SignalsYes
RegulatorsIFSCAutomated TradingYes
US ClientsNoTrade From ChartsYes
Contact Number+ +7 812 429 72 07Binary Option TradingYes
Email:support@mfxbroker.comE-mail AlertsYes

Account Information

Mobile AlertsNo
Minimum account size$1Trailing StopsYes
Maximum account sizeGuaranteed Stop LossYes
Minimum position size0.01 lotGuaranteed Limit OrdersYes
Spread type


FixedGuaranteed FillsYes
Spread on EUR/USD 2 pipsScalpingAllowed
Leverage up to1:1000HedgingAllowed
Trading instrumentsCurrency, Gold, silver, CFDExpert advisorsAllowed
Trading platformsMetaTrader 4Interest on MarginYes
Digits after dot4One-Click ExecutionYes
Margin call levelOCO OrdersNo
Stop-out level

Deposit and Withdraw

Minimum distance to stop/limit orders,4Deposit MethodBPAY, VISA, MasterCard, Bank wire
Number of currency pairs28Withdraw MethodBank Wire Transfer , Credit Card , Moneybookers , Neteller , Union Pay
Mini AccountNoDeposit TimeInstant
VIP AccountYesAverage Withdraw Time
SWAP free AccountYes

Customer Service

Segregated AccountYes24 Hours SupportNo
Institutional AccountsNoCustomer Support LanguagesChinese, English, Japanese

Support Services

Phone SupportYes
Managed AccountsYesLive Chat SupportYes
Market NewsYes

Bonus & Promotion

Market UpdateYesNo Deposit BonusNo
Educational ProgramYesDeposit BonusNo


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