Forex Brokers – mfn group
Company Name mfn group Website Address www.mfngroup.com Country United States of America Year Established 2007 Regulation Not regulated Live Chat Yes Language English Pip spread on majors 2 pips on EUR/USD Free Demo Accounts Yes Minimum Initial Deposit – Mini US $300 Minimum Initial Deposit – Standard US $1000 Account Funding Methods Wire • Credit Card • E-Gold Trading Platform MetaTrader 4 Dealing Desk Market Maker (MM) Smallest Lot Size 0.10 lot Maximum Leverage 1:400 Scalping Yes Hedging Yes Commissions No
MFN Group (MFNGroup.com) offers multi-product online trading and asset management service. Here the traders are not required to choose between mini or standard accounts. Also, they can trade Forex and CFD’s from one lot to 5,000 lots.
MFNGroup.com offers provision to trade these exclusive markets and the capacity to maximize dollars investment with up to industry leading 400:1 trading margins. However MFN Group for lower levels they advise a 100:1 margin to better manage the risks associated with highly leveraged trades.
Traders can open Individual Account, Corporate Account, Trust Account, Joint Account, and Islamic or Shariah Account. Funds can be transferred by Bank Wire, Credit card, and EGold.
Investors can open trade positions in the opposite direction (Hedging) on the same instrument without using additional margin; overnight interest applies; 3 pips on the major currency pairs on trades up to the limit of 5,000 lots.
MFNGroup.com has offices in Asia, Europe and Canada. US citizens are not allowed to trade through MFN because on their platform they have certain CFDs which are restricted by US Trading Regulations Laws.
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