How is the Quality of MFX Broker After Changing its Name?

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Arkhea
07 Oct 2015, 23:31 1,737 Views
Master forex which is now renamed mfxbroker, how is the quality of the broker?

Is this broker properly regulated and are there any specific complaints from Indonesian traders? Is my money safe there?

Every broker has its strengths and weaknesses, I want to know the strengths and weaknesses of this broker.
I want to know which type of trader this broker is suitable for? (scalper, long term, hedging, swing, etc.)

2 Answer

R
rachmat 08 Oct 2015, 08:27

To Arkea

MasterForex (MFX) is an online forex broker based in Belize and established in 2006. MasterForex operates globally in more than 59 countries worldwide. Registered with the Belize regulator, IFSC with license number IFSC/60/296/TS/14, MFX is a legal and safe broker for investment. MFX is open to all groups of financial market participants, both from beginner traders, experienced traders, investors, and financial managers.

MasterForex is a broker that has received a fairly warm welcome in Indonesia, as evidenced by the large number of representative offices (IB) spread across major cities in Indonesia. In addition, MFX clients from Indonesia do not need to worry because this broker's helpdesk is open 24 hours with Indonesian language live chat facilities.

You can read the review at MFX Broker Review.

Thanks

M
martin 09 Oct 2015, 00:32

@ Arkhea:
- To find a properly regulated broker, check the regulatory body to see if it is indeed internationally credible.
- A legitimate broker should be suitable for all types of traders (scalpers, day traders, swingers, or long-term), so you can see how the quality of order execution is, whether it is fast enough and does not often requote. You can check this by trading in their demo account.
- As far as I know, MFXBroker also provides various services and promos, such as PAMM Investments / managers, signal providers, trading competitions, deposit bonuses, etc.
- In my opinion, if you're playing with small funds, it's still safe..

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