MFX Global-Overview of Minimum Deposit, Leverage, Spreads

Since MFX Globals official website (https://mingalarfxglobal.com/) is temporarily down for the moment, we could only piece together this brokerage house through gathering some relevant information from other websites.

General Information

MFX Global is probably an offshore forex broker, offering some forex trading related services. The company behind this trading name and its registered address are not disclosed to all. MFX Global seems to offer four trading accounts for traders to choose from.

Please note that, MFX Global is not authorized or regulated by any regulatory authorities to provide legal financial services. Although this alone does not mean that it is a scam, investors are advised to take extra vigilance before investing with this brokerage.

Account Types

MFX Global offers four trading accounts for traders to choose from: Practice Cent, Classic Account, MFX ECN 1 and MFX ECN 2. The minimum initial deposit requirements for these four accounts are acceptable, $50, $50, $100, $100, respectively.

Leverage

The maximum trading leverage offered by MFX Global is up to 1:100. Although some traders may think it is a conservative amount as some forex brokerage offers higher lever, it is essential that they should choose the proper amount based on their trading style and risk tolerance since leverage can amplify gains as well as losses.

Spreads & Commissions

Spreads and commissions are determined by trading accounts you are holding.

Practice Cent accounts and Classic accounts are charge no commission, accompanied with wider spreads, from 1.7 pips. While two ECN accounts offer relatively low spreads, with a commission of $10/Per Lot (FX Major) $12/Per Lot (Minor/Crosses & Exotic) $15/Per Lot (Commodities) for MFX ECN 1 account, $6 per lot (all FX and Commodities).

Trading Platform

MFX Global appears to offer its clients access to the leading MT4 trading platform, which is chosen by most forex traders and brokers around the world.

Contact Information

Traders with any inquiries or trading-related information can get in touch with this brokerage through email: enquiries@mingalarfxglobal.com

Other contact channels are not available.