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MFX -

No Regulation

Score

0 1 2 3 4 5 6 7 8 9

/10

MFX

Montenegro | 2-5 years |

ECN Account Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://brokermfx.com

Website

Open Account Time Machine

Rating Index

Contact

+51 914 828 814

atencionalcliente@brokermfx.com

https://brokermfx.com

Neznanih Junaka Br. 137, Podgorica, Montenegro.

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!

2025-09-05

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic Information

Registered Region

Montenegro

Operating Period

2-5 years

Company Name

MFX Prime DOO

Customer Service Email Address

atencionalcliente@brokermfx.com

Contact Number

+51914828814

Company Website

https://brokermfx.com

Account

Website

Company Summary

Wiki Q&A

Comment

Account

Environment

Currency

Maximum Leverage

1:1000

SupportedEA

Minimum Deposit

$20,000

Minimum Spread

From 0.0

Depositing Method

Withdrawal Method

Minimum Position

Commission

From $2

Products

Forex, Metals, Indices, Stocks, Commodities, Cryptocurrencies

Products

Forex, Metals, Indices, Stocks, Commodities, Cryptocurrencies

Updated： 2025-09-05

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Details

Official website

Website

brokermfx.com

192.64.117.56

Server Location

United States

ICP registration

Most visited countries/areas

Domain Effective Date

Website

Company

Company Summary

MXFReview Summary
Founded	2022
Registered Country/Region	Montenegro
Regulation	No regulation
Market Instruments	Forex, Metals, Commodities, Indices, Actions, Cryptocurrencies
Demo Account	✔
Leverage	Up to 1:1000
Spread	From 0.0 pip (INSTITUTIONAL)
Trading Platform	MT5
Minimum Deposit	$0
Customer Support	Email: atencionalcliente@brokermfx.com
	Phone: +51 914 828 814
	Social Media: WhatsApp, Facebook, Instagram, TikTok, YouTube, Telegram
	Address: C. Los Tulipanes 147, Santiago de Surco 15046
Regional Restrictions	USA

MXF Information

MXF is an unregulated broker registered in Montenegro. It operates in the foreign exchange trading market. Traders on this platform can access MetaTrader 5 as well as market instruments including forex, indices, commodities, and bonds. With no deposits and high leverage, MXF enables traders to achieve significant market positions even with a small initial investment. However, MXF does not provide services to residents of the United States.

Pros & Cons

Pros	Cons
Demo account available	Unregulated
MT5 available	Account inactivity fees are charged
Various payment methods	No 24/7 customer service
Multiple customer support	Regional restrictions
Various trading instruments
Low minimum deposit of $0

Is MXF Legit?

MXF is an unregulated brokerage firm even if it claims to be regulated. Traders should take care while engaging with this platform.

What Can I Trade on MXF?

These are the instruments that can be traded on MXF: 70 forex, 30 cryptocurrencies, 74 stocks, 30 indices, metals, commodities, and actions.

Trading Assets	Available
Forex	✔
Metals	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Actions	✔
Stocks /Shares	✔
Energies	❌
Options	❌
Mutual Funds	❌
ETFs	❌

Account Types

MXF offers a demo account, which allows traders to test out this platform without risking real money.

MXF offers two types of live trading accounts: Standard Accounts and ECN Accounts. Each has distinct trading conditions.

	STANDARD	ECN	INSTITUTIONAL
Platform	MT5	MT5	MT5
Commissions	No commissions	From $5	From $2
Spreads	From 1.0 pips	From 0.1 pips	From 0.0 pip
Maximum Leverage	1:1000	1:1000	1:1000
Currency	USD	USD	USD
Stop Out	30%	30%	30%
Minimum Deposit	$0	$250	$20,000
Type of Execution	ECN	ECN	ECN

Leverage

The leverage of this platform is up to 1:1000. High leverage means high returns, but at the same time, high risk.

Fees

Commission: Standard accounts incur zero commissions, while ECN and Institutional accounts charge per lot ($5/$2 per lot).

Spread: The spread varies for different assets, such as EUR/USD (0.1 pips), gold (1.4 pips), and Bitcoin (1.1 pips).

MFX does not charge any fees for deposits or withdrawals. However, certain platforms (such as cryptocurrency wallets or virtual wallets) may impose their own fees.

If a user's account remains inactive for more than three months, the account will be archived, and the balance will be transferred to the wallet. Starting from the fourth month, an additional maintenance fee of 10 USD per month will be charged.

Trading Platform

MT5 is an advanced platform that supports the trading of multiple financial products, providing an automated trading system, technical tools, and copy trading functions.