MFM Securities

Note: MFM Securities's official website - https://MFM Securities.com/ is currently inaccessible normal.

MFM Securities, a trading name of MFM Securities (Pacific) Limited, is a forex and CFD broker that offers trading in stocks, indices, forex, commodities, cryptocurrencies, bonds and ETFswith spreads from 1.8 pips on the Standard account and flexible leverage up to 1:1000. It also offers four different live account types on the top MetaTrader4 and MetaTrader5 trading platforms.

Pros and Cons

Is MFM Securities Legit?

No. MFM Securities operates without regulations. Please be aware of the risk!

What Can I Trade on MFM Securities?

MFM Securities advertises that it offers access to more than 100 trading instruments in financial markets, including CFDs on 7 asset classes: stocks, indices, forex, commodities, cryptocurrencies, bonds and ETFs.

Account Type

Apart from demo accounts, MFM Securities claims to offer three types of trading accounts, namely Standard, Prime, and Micro.

Leverage

The leverage provided by MFM Securities is capped at 1:1000. More details can be found in the below table. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread and Commission

Trading Platform

Deposit and Withdrawal

MFM Securities says to accept deposits via credit/debit cards, online banking, cryptocurrency and Wire Transfer, and withdrawals with online banking and cryptocurrency.

The minimum initial deposit requirement is said to be $100 for Wire Transfer, while $25 for deposit methods. The minimum withdrawal amount is $13.

The broker also charges deposit fees, 1.5% and minimum €0.4 for cryptocurrency deposits, while other deposits are free.

As for the processing time of deposit and withdrawal requests, all deposits are said to be processed within 10 minutes, while free for online banking withdrawals and 1.5% for cryptocurrency withdrawals.

Promotions

MFM Securities claims to offer a 35%+25% deposit bonus and a $30 welcome bonus on the Prime account. The maximum bonus is up to $5,000.

In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.