Forex

Brokers News

MahiFX gets third forex broker license from UK’s FCA

One of the leading Australian and NZ forex brokerages and a global technology provider, MahiFX, has acquired a license from UK’s Financial Conduct Authority (FCA).  This is the third authorization the MahiFX group gets to act as a financial services provider, as it is already regulated in Australia and New Zealand.

 

The information in the FCA’s register shows that the company can deal in CFDs, futures, options rights, spot FX and spread betting commodity futures and options both as an agent and as a principal.

 

A license from UK’s financial watchdog means a lot, as FCA’s regulations are one the most stringent ones. UK-based brokers are obliged to hold and maintain at least €730 000 in order to operate legitimately, to keep client funds in segregated accounts and to report to the authority on a daily basis. What is more, FCA-regulated companies are under the umbrella of the Financial Services Compensation Scheme (FSCS), which protects consumers up to £50,000 per person, in case the company goes bankrupt or ceases trading.

 

MahiFX providеs its technology services to both retail and institutional clients with the company’s fundamental products MFX Compass and MFX Vector. MFX Compass provides market makers and brokers with the full set of tools required to set up and run a forex trading brokerage, while MFX Vector allows users to identify and minimise their trading costs using market making technology.

 

MahiFX was founded in 2010 offers more than 100 instruments for trade on two trading platforms –the renown MetaTrader 4 and its in-house platform. The broker provides leverage of up to 1:100 and requires no minimum initial deposit. 

TAGS: MahiFX  regulation  FCA  UK 

More news about MahiFX

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
UK, Australia FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Cyprus CySEC MT4, MT5,
cTrader
$300 Review Website
Belize IFSC MT4, MT5 $100 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website
Seychelles FinaCom MT4 $10 Review Website
Belize IFSC MT4, Web $500 Review Website
Cyprus CySEC MT4, Web $25 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website

More Forex Brokers News

Canada's BCSC warns cfdcapmkt.com is unlicensed

May 29 2017 14:13:00

The British Columbia Securities Commission (BCSC), the financial markets and services regulator of the eponymous Canadian province, has published a warning that the forex broker CFD Capital Markets is not licensed to provide financial services in British Columbia. Read more

FXTM becomes a sponsor of rookie IndyCar driver Ed Jones

May 26 2017 12:42:01

Unlike most forex and binary options brokers that ink sponsorship deals with football teams, FXTM is into more adrenaline-driven sports. The broker today announced yet another sponsorship agreement– with rookie IndyCar driver Ed Jones. Read more

FXChoice comes up with a new loyalty programme, Pips+

May 25 2017 07:13:15

As a part of its continuous effort to update its services and offer better trading conditions, forex broker FXChoice launches of Pips+, its new loyalty programme. Pips+ is designed to reward the most active traders by reducing their trading costs up to $1.5 per standard lot on EUR/USD. Read more

Forex

ThinkMarkets buys mobile app Trade Interceptor

May 23 2017 11:21:40

Leading global brokerage ThinkMarkets announced on Tuesday it has acquired Trade Interceptor, which currently is one the world’s fastest growing mobile trading apps. Read more

Spain’s CNMV warns against non-regulated TradeV, among other brokerages

May 22 2017 14:30:34

Spain’s financial watchdog, the Comision Nacional del Mercado de Valores (CNMV), has issued warnings against TradeV (tradev.com), and several other unregulated forex and binary options brokers. Namely, these are TorOption (toroption.com), OptionCM (option-cm.com), 53Option (53option. Read more

Forex.com to launch affiliate program

May 17 2017 07:51:31

Gain Capital, the largest forex broker on the US market, announced the launch of new affiliate program, called GAIN Affiliates. This is a performance based program offered to affiliate partners of multiple retail trading brands of Gain Capital - CityIndex & Finspreads first, and Forex. Read more

Global Brokerage announces poor financial metrics for Q1, will probably delist from the Nasdaq

May 16 2017 08:01:39

Global Brokerage, Inc. (formerly FXCM Inc.) released on Tuesday poor financial metrics for Q1 of 2017, which are hardly surprising after the company’s dramatic exit from the US market. Read more

Windsor Brokers adds CFDs on currencies and metals to product portfolio

May 15 2017 11:53:07

Windsor Brokers, a Cyprus-regulated forex and CFD broker, announced previous week that it launches CFDs on currency futures and metals to its MetaTrader 4 account. Read more

IG starts offering retail IPOs on investment platform

May 04 2017 13:40:53

IG, one of the largest forex, CFD and spread betting (UK only) brokers said it starts offering retail IPOs on its Investment Platform. Read more

IG changes margin requirements, tiering structure

May 03 2017 08:37:26

IG, one of the largest forex, CFD and spread betting (UK only) brokers, informed its clients that it is lowering the margin requirements on some of the tradable instruments in its portfolio – the Japan 225 index, spot gold and some forex pairs. Read more

Forex