Basic Information
Registered Region 
Montenegro
MontenegroOperating Period
2-5 years
Company Name
MFX Prime DOO
Customer Service Email Address
atencionalcliente@brokermfx.com
Contact Number
+51914828814
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
0
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9
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0
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9
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9
/10
MFX
Montenegro
|
2-5 years
|
ECN Account
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://brokermfx.com
Website
Rating Index
Influence
Influence
D
Influence index NO.1
France 2.53Surpassed 13.50% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+51 914 828 814
atencionalcliente@brokermfx.com
https://brokermfx.com
Neznanih Junaka Br. 137, Podgorica, Montenegro.
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Account
Biz Area
Website
Company Summary
Wiki Q&A
Comment
Account
- Environment--
- Currency--
- Maximum Leverage1:1000
- SupportedEA
- Minimum Deposit$20,000
- Minimum SpreadFrom 0.0
- Depositing Method--
- Withdrawal Method--
- Minimum Position--
- CommissionFrom $2
- ProductsForex, Metals, Indices, Stocks, Commodities, Cryptocurrencies
Updated：
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192.64.117.56Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Company Summary
| MXFReview Summary | |
| Founded | 2022 |
| Registered Country/Region | Montenegro |
| Regulation | No regulation |
| Market Instruments | Forex, Metals, Commodities, Indices, Actions, Cryptocurrencies |
| Demo Account | ✔ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pip (INSTITUTIONAL) |
| Trading Platform | MT5 |
| Minimum Deposit | $0 |
| Customer Support | Email: atencionalcliente@brokermfx.com |
| Phone: +51 914 828 814 | |
| Social Media: WhatsApp, Facebook, Instagram, TikTok, YouTube, Telegram | |
| Address: C. Los Tulipanes 147, Santiago de Surco 15046 | |
| Regional Restrictions | USA |
MXF Information
MXF is an unregulated broker registered in Montenegro. It operates in the foreign exchange trading market. Traders on this platform can access MetaTrader 5 as well as market instruments including forex, indices, commodities, and bonds. With no deposits and high leverage, MXF enables traders to achieve significant market positions even with a small initial investment. However, MXF does not provide services to residents of the United States.
Pros & Cons
| Pros | Cons |
| Demo account available | Unregulated |
| MT5 available | Account inactivity fees are charged |
| Various payment methods | No 24/7 customer service |
| Multiple customer support | Regional restrictions |
| Various trading instruments | |
| Low minimum deposit of $0 |
Is MXF Legit?
MXF is an unregulated brokerage firm even if it claims to be regulated. Traders should take care while engaging with this platform.
What Can I Trade on MXF?
These are the instruments that can be traded on MXF: 70 forex, 30 cryptocurrencies, 74 stocks, 30 indices, metals, commodities, and actions.
| Trading Assets | Available |
| Forex | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Actions | ✔ |
| Stocks /Shares | ✔ |
| Energies | ❌ |
| Options | ❌ |
| Mutual Funds | ❌ |
| ETFs | ❌ |
Account Types
MXF offers a demo account, which allows traders to test out this platform without risking real money.
MXF offers two types of live trading accounts: Standard Accounts and ECN Accounts. Each has distinct trading conditions.
| STANDARD | ECN | INSTITUTIONAL | |
| Platform | MT5 | MT5 | MT5 |
| Commissions | No commissions | From $5 | From $2 |
| Spreads | From 1.0 pips | From 0.1 pips | From 0.0 pip |
| Maximum Leverage | 1:1000 | 1:1000 | 1:1000 |
| Currency | USD | USD | USD |
| Stop Out | 30% | 30% | 30% |
| Minimum Deposit | $0 | $250 | $20,000 |
| Type of Execution | ECN | ECN | ECN |
Leverage
The leverage of this platform is up to 1:1000. High leverage means high returns, but at the same time, high risk.
Fees
Commission: Standard accounts incur zero commissions, while ECN and Institutional accounts charge per lot ($5/$2 per lot).
Spread: The spread varies for different assets, such as EUR/USD (0.1 pips), gold (1.4 pips), and Bitcoin (1.1 pips).
MFX does not charge any fees for deposits or withdrawals. However, certain platforms (such as cryptocurrency wallets or virtual wallets) may impose their own fees.
If a user's account remains inactive for more than three months, the account will be archived, and the balance will be transferred to the wallet. Starting from the fourth month, an additional maintenance fee of 10 USD per month will be charged.
Trading Platform
MT5 is an advanced platform that supports the trading of multiple financial products, providing an automated trading system, technical tools, and copy trading functions.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced trader |
| MT4 | ❌ | / | Beginner |
Deposit and Withdrawal
MFX offers the following payment methods: Mastercard, Ethereum, Tether (USDT), Bitcoin, Visa, Skrill, American Express, and Bank Transfer.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Wiki Q&A
Wahab 
1-2 years
Is MXF a regulated broker?
MXF is an unregulated broker in the world of mfx trading. Although it operates in the financial market, it does not hold any valid regulatory licenses. As a result, traders should be cautious when engaging with the platform.
Broker Issues
Regulation
07-11
United States
DoreenVanDenHeever
1-2 years
What instruments can I trade on MXF?
mfx trading provides a variety of market instruments, including 70 forex pairs, 30 cryptocurrencies, 74 stocks, 30 indices, metals, commodities, and actions. However, they do not offer trading in energies, options, mutual funds, or ETFs.
Broker Issues
Account
Instruments
Leverage
Platform
06-15
United States
ryad22
1-2 years
What trading platforms are available on MXF?
MXF offers the MetaTrader 5 (MT5) platform for mfx trading, which is an advanced trading platform that supports a wide range of financial instruments. It is suitable for experienced traders and is available on desktop, mobile, and web devices. MT4 is not available on this platform.
Broker Issues
Instruments
Leverage
Account
Platform
05-31
United States
sinopi
1-2 years
What are the fees associated with MXF?
mfx trading does not charge any fees for deposits or withdrawals, but certain platforms like cryptocurrency wallets or virtual wallets may have their own fees. Additionally, there are no commissions for Standard accounts, while ECN and Institutional accounts charge $5 and $2 per lot, respectively.
Broker Issues
Fees and Spreads
05-22
United States
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