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MIFX.com is a well-established forex broker, having been in operation since the year 2000. The company is headquartered at the Sahid Sudirman Center in Jakarta, Indonesia, and offers a wide range of trading options for personal investment. This includes over five forex currency pairs, commodities, indices, gold, silver, and oil.
Trading Platforms
MIFX.com provides its clients with the renowned MetaTrader 4 (MT4) platform, known for its user-friendly interface, advanced charting capabilities, and automated trading features. Additionally, they offer a mobile trading platform for those who prefer to trade on-the-go. The mobile platform offers full functionality, providing access to trading instruments, real-time quotes, and the ability to execute trades from anywhere.
Account Specifications
At MIFX.com, the minimum trade size is set at 0.01, with a maximum leverage of 100:1. To open a live trading account, a minimum deposit of $500 is required. The company supports a variety of trading conditions, including the use of Expert Advisors (EAs), news trading, and scalping. This flexibility allows traders of different styles and strategies to operate comfortably.
Deposit and Withdrawal Methods
MIFX.com supports Bank Wire as the primary method for both deposits and withdrawals. This ensures secure and reliable transactions, although the processing time may vary depending on the bank.
Regulation and Safety
MIFX.com is regulated by BAPPEBTI, the Commodity Futures Trading Regulatory Agency in Indonesia, under license number 178/BAPPEBTI/SI/I/2003. This regulatory oversight provides an additional layer of security and trust for its clients.
Pros and Cons
Pros:
- Established and regulated forex broker
- Variety of trading options
- MT4 and mobile trading platforms
- Flexible trading conditions
Cons:
- $500 minimum deposit to open a live account
- Bank Wire as the only supported transaction method
Scammer or Not?
MIFX.com has been operating for over two decades and is regulated by a recognized financial authority, which adds credibility to its operations. However, it’s always recommended for traders to conduct their own thorough research before investing.
Safety Check
MIFX.com operates under regulatory oversight, which provides a level of security for its clients. However, the safety of funds also depends on the individual’s trading decisions and risk management strategies.
FAQs
What is the minimum deposit to open a live account at MIFX.com?
The minimum deposit to open a live account is $500.
What platforms does MIFX.com offer for trading?
MIFX.com offers the MT4 and Mobile trading platforms.
Is MIFX.com a regulated broker?
Yes, MIFX.com is regulated by BAPPEBTI in Indonesia.
This review is an independent analysis of MIFX.com. Users are encouraged to leave their feedback about their experience with the company on the forexroboteasy.com website. Remember, your trading experience may vary based on factors like your trading strategy, risk tolerance, and market conditions.
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