MoneyForex Review

One of the main benefits of an offshore forex trading account is that there is none capital gain tax incurred from forex trading activities. Either you made $1000 or even $1 million, MFFX has no obligation to report the capital gain to any tax authority.

 

For any resident around the world, this will offers considerable cash flow benefits especially for the larger account holders, money managers, and financial institutions as one can plan the payment of tax more efficiently. However, one still have a duty to declare taxation to the appropriate tax authority.

 

MF MetaTrader 4 is a foreign exchange trading technology for Forex market makers (dealers) and Forex brokers. MF MT4 Trader Trading Platform presents the most complete set of features covering all areas of Forex trading, what makes it the number one on the global Forex trading software market today. Below please find a list of the most important MetaTrader 4 system features for traders.

 

The Best Execution

 

MF MetaTrader 4 offers the best execution price means that your trade will be filled with the best available rate from the price that is determined by multiple banks and financial institutions.

 

Expert Advisor

 

Expert Advisor’s (EA) are automated trading tools developed by third parties. MFFX does not control for the accuracy or reliability provided by the EA. Traders utilising an EA do so at their own risk. Additionally, many EA’s employ the use of micro lots and do not account for fractional pip pricing. On the MFFX MetaTrader 4 Platform the smallest lot size increment is 10k and fractional pips are used. Prior to trading, please contact your EA provider to discuss the lot sizes used in the program and any potential issues that may arise from fractional pip pricing.

 

Slippage

 

MFFX aims to provide traders with the best pricing available and to get all orders filled at the requested rate. However, there are times when, due to an increase in volatility or volume, orders may be subject to slippage. This most commonly occurs during fundamental news events and fast moving market.

 

Hedging

 

The ability to hedge allows a trader to hold both buy and sell positions in the same currency pair simultaneously. Traders have the ability to enter the market without choosing a particular direction for a currency pair. While the ability to hedge is an appealing feature, traders should be aware of the factors that may affect hedged positions. Hedging with MF MetaTrader 4 is free in margin required.

 

Guarantee Execution

 

In case there is issue in getting order executed, please email [email protected] We will honour reasonable request and look at each problem to determine the best possible solution for the traders. And execution is guarantee by MF Financial Ltd.

 

On the broker MoneyForex profile page at our website you can read news and reviews by other traders as well as write your personal review of your personal trading with the broker.

 

MoneyForex trading information

 

Minimum position size 0.01
Pip spread on majors 1-3
Spread Type variable
Maximum Leverage 500:1
ECN, $  
Standard account, $ 100
Micro account, $ 100
Popular payment methods Credit Cards, Wire Transfer, WebMoney
Account currencies USD, EUR, JPY, GBP
Available assets  
Languages English
Platforms Meta Trader 4
Broker type  
Regulation CySEC
Foundation 2010