Independent Review - MFMSecurities

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The MFM Securities brand is a new addition to the forex and CFD trading industry. That is a good thing though, since the broker won the 2021 award for the best new Southeast Asian forex broker. This Vanuatu regulated broker offers excellent trading conditions and a solid stable of assets. In addition, it also offers its clients access to both MetaTrader 4 and MetaTrader 5, which are two of the top trading platforms available.

There are over 300 assets available to trade on the platform, in all the popular asset classes you would expect. And when trading on CFDs as a retail client you can take advantage of leverage as high as 1:1000 in the micro account. There are many new traders who begin their trading career at MFM Securities, and once you read the following review you might decide that the broker also suits your trading needs.

Quick Look

MFM Securities is a brand that’s owned and operated by MFM Securities (Pacific) Limited and is part of the MFM Group of Companies. This online forex and CFD broker is authorized and regulated by the Vanuatu Financial Services Commission and offers over 300 different assets to trade. These assets fall under the forex, stocks, commodities and indices. Clients can also choose between the award winning MetaTrader 4 trading platform or the updated MetaTrader 5 platform.

There are four types of accounts at MFM Securities, and all of them offer very low minimum deposits that range from $15 to $100.

MFMSecurities QuickLook

MFM Securities also provides excellent research and educational materials through their partnership with Trading Central. These tools include Market Buzz, Analyst Views, Featured Ideas, Economic Insight, Daily Market Analysis and Web TV.

Finally, the broker offers multilingual customer support from 9 am – 9 pm (GMT+3), Monday through Friday via live chat, email and telephone.

Regulations

MFM Securities is located in Vanuatu and is fully authorized and regulated by the Vanuatu Financial Services Commission (VFSC) under license number 700451. This means that the broker needs to follow all the relevant regulations of the VFSC, many of which are directed specifically towards the protection of broker clients.

In addition, the broker provides for the security of client funds by holding them exclusively in segregated accounts. The broker also provides all clients with negative balance protection.

Account Types

MFM Securities provides four different types of accounts: Micro, Standard, ECN, and Prime. These account types are pretty similar, with the difference being the minimum deposit requirements, the leverage available, and the spreads/commissions.

Here are the account types at MFM Securities and their features:

MFMSecurities AccountTypes

Micro

  • Minimum Deposit – $15
  • Floating spreads as low as 1.8 pips (EUR/USD)
  • Maximum leverage 1:1000
  • No Commissions
  • Assets included: FX and Commodities
  • Trading Central included (Market Buzz, Analyst Views, Featured Ideas, Economic Insight, Daily Market Analysis and Web TV)

Standard

  • Minimum Deposit – $25
  • Floating spreads as low as 1.8 pips (EUR/USD)
  • Maximum leverage 1:500
  • No Commissions, except for shares ($10/lot round trip)
  • Assets included: FX, Commodities, Shares
  • Trading Central included (Market Buzz, Analyst Views, Featured Ideas, Economic Insight, Daily Market Analysis and Web TV)

ECN

  • Minimum Deposit – $100
  • Floating spreads as low as 0.0 pips (EUR/USD)
  • Maximum leverage 1:500
  • $10/lot round trip commissions on all assets
  • Assets included: FX, Commodities, Shares
  • Trading Central included (Market Buzz, Analyst Views, Featured Ideas, Economic Insight, Daily Market Analysis and Web TV)

Prime

  • Minimum Deposit – $100
  • Floating spreads as low as 0.4 pips (EUR/USD)
  • Maximum leverage 1:500
  • No Commissions, except for shares ($10/lot round trip)
  • Assets included: FX, Commodities, Shares
  • Trading Central included (Market Buzz, Analyst Views, Featured Ideas, Economic Insight, Daily Market Analysis and Web TV)

Clients can also take advantage of a demo account to test the platform, and Muslim traders are able to access an Islamic account which is swap-free.

Available Assets

At MFM Securities traders get access to more than 300 assets in a number of different asset classes:

  • 12 major global equity indices
  • Over 200 of the most popular global stocks as CFDs
  • A dozen different Commodities including precious metals and crude oil
  • 80+ forex pairs, including majors, minors, and exotics
MFMSecurities Assets

Trading Platforms

MFM Securities gives their traders the choice of two different trading platforms, and the ability to trade with a desktop app, via a web browser, or in a mobile app. The globally recognized MetaTrader 4 is one of those two platforms, and the other is the updated MetaTrader 5 platform. You can see the features and benefits of each listed below:

MetaTrader 4 (MT4)

The MT4 platform offers forex traders the most powerful charting platform on the market. Widely accepted as the industry benchmark in retail forex trading platforms, MT4 is by far the most popular platform for charting out there today.

Using chart studies and indicators is unmatched, with literally tens of thousands of options for forex traders to choose from. This means that no matter your trading style or system, the MT4 platform has a custom charting option exactly for you.

Enjoy all the following MT4 features:

  • Reliable data protection
  • All types of trading orders and MetaTrader 4 execution modes
  • One Click Trading
  • 30 indicators and 24 graphical objects for technical analysis
  • 9 time-frames, from one minute to one month
  • Real-time quotes in Market Watch

MetaTrader 5 (MT5)

MetaTrader 5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems (trading robots) and copy trading. MetaTrader 5 is an all-in-one platform for trading Forex, Stocks and Futures.

Millions of users around the world choose MetaTrader 5, attracted by the platform's exceptional advantages. MT5 allows traders to use more timeframes on an unlimited number of charts in their watch list. Have you ever wanted to see how your trading strategy would run off the 12-minute charts, but been restricted by MT4’s limited timeframe capabilities? With 21 timeframes and one-minute history of quotes available on MT4, moving to MT5 is the smart choice for flexibility.

Enjoy all the following MT5 features:

  • Tradable instruments: Currencies, commodities stocks, bonds, options, futures Currencies
  • Order types supported: Market order, six pending orders (buy limit, buy stop, sell limit, sell stop, buy stop limit, sell stop limit), stop-loss and take profit.
  • 21 Charting timeframes from 1 minute to 1 month
  • 38 built-in technical indicators
  • 44 graphic objects

Banking

At MFM Securities there are a number of deposit and withdrawal options, including bank wire, debit cards, Neteller, Skrill and other ewallets. Deposits are free of any fees, however the broker terms and conditions do state that deposits could be subject to fees at the broker discretion.

Withdrawals can be made via the same channels as deposits and with the same conditions, that is that MFM Securities will process all transactions within 1 business day, provided all the appropriate information is included in the transaction.

Both deposits and withdrawal requests are handled through the client portal.

Customer Service

MFM Securities has a multilingual customer support team that is available from 9 am – 9 pm (GMT+3), Monday to Friday through live chat, email and telephone.

Email: support@mfmsecurities.com

Telephone: +44 13161 888 32

In Conclusion

Even though it is a new broker MFM Securities is backed by the long-standing MFM Group, making the broker immediately trustworthy. Traders have taken to the brand quickly, making it the best new forex broker of 2021 for Southeast Asia. It’s also growing rapidly on the global CFD stage. With its extremely low minimum deposit requirements MFM Securities is ideal for any type of investor, but it is especially good for beginners.

The number and range of assets are good, and everyone will appreciate having a choice between MetaTrader 4 and MetaTrader 5 as the trading platform. Spreads are competitive we thought, although the commissions are a bit above average.

Overall, the broker appears solid and worth trying if you are looking for a CFD broker that is reliable and trustworthy.

Summary

Company Information

Company Name:
MFM Securities Limited
Headquarters:
First Floor, ICOUNT Building, Kumul Highway, Port Villa, Vanuatu
Regulatory Authority(s):

Vanuatu

Phone:
+441316188832
Email:
support@mfmsecurities.com

Account Options

Account Type:
ECN
STP
US Clients Accepted:
Other Clients Accepted:
Bank (is a bank)
Spreads:
Variable Spreads

Funding

Deposit Methods:
Wire Transfer, Visa, MasterCard, FasaPay
Withdrawal Methods:
Wire Transfer, Visa, MasterCard, FasaPay
Same Day Withdrawals:
Account Currencies:
USD
Deposit Insured, Segregated:
,

Bonuses

Deposit Bonus:

20% https://www.mfmsecurities.com/bonus-offering

First Deposit Bonus:
Bonuses Conditional on Volume:

Customer Service

Supported Languages:
English,Malay,Indonesia,Thailand
Support / Service Hours:
24/5
Live Online Support:
Phone Trading Available:

Trading Software

Supported OS:
Windows Phone, Android, iPhone
Also Supported:
MT4, MT5

Trading

Scalping Allowed:
Hedging Allowed:
Negative Balance Cover:
Automated Trading:
Trading Signals Provided:
Server Side Orders:
Trailing Stops:
Guaranteed Stops:
Guaranteed Limits:
Guaranteed Fills:
OCO Orders:
Interest on Margin:
One Click Trading:
Social / Follow Trading:

Information Services

Email Alerts:
SMS Alerts:
Trade from Charts:
Market Commentary:
News Feed:
Live Economic Events Data:
Signal Service:

Instruments / Contracts

Forex:
Major Indices:
CFDs:
Precious Metals:
Oil:
Commodities:
CFD Stocks:

Also Available

Institutional Accounts:
Swap Free Accounts:
Managed Accounts:
PAMM Accounts:

MFM Securities Limited Special Forexlive Offer:

20%

https://www.mfmsecurities.com/bonus-offering


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