✔️ Information reviewed and updated in April 2024 by Pedro Martínez González

Comments on FMI Broker

In this section we will analyze the broker MFI Broker (also called mfibroker.com), is a Forex and CFD broker. Is MFI Broker really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.

You might be wondering why we did a review on MFI Broker. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for invest with an investment company.

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We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.

Essential information: Who does it belong to? Where is located? Is it a regulated broker?

The broker mentions being part of: InvestMFI Ltd and MFIbroker Ltd

 

As to its location, the broker mentions being based in: New Zealand (may be false because it is not regulated by any New Zealand body). Update November 2020: mention being based in Saint Vincent and the Grenadines.

 

If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker. 

If now we go on to analyze account types offered by MFI Broker, we note that it offers 4 different types of account / plans: Micro Account, Standard Account, Premium Account and Trader Account. We leave an image with a little information about each type of account.

Micro account: minimum initial deposit of $ / € 250, spread from 1 pips, fifth decimal place, leverage up to 1: 500, market type execution, minimum trade size 0.01 lots, increment size 0.01, maximum trade size 40 standard lots per position , maximum of simultaneous open orders 150, margin call / stop out: 40% / 10%, telephone trading, no commissions.

Standard Account: minimum initial deposit of $ / € 2.500, spread from 1 pips, fifth decimal place, leverage up to 1: 300, market type execution, minimum trade size 0.01 lots, increment size 0.01, maximum trade size 60 standard lots per position , maximum of simultaneous open orders 250, margin call / stop out: 50% / 20%, telephone trading, no commissions.

Premium account: minimum initial deposit of $ / € 25.000, spread from 0.6 pips, fifth decimal place, leverage up to 1: 100, market type execution, minimum trade size 0.1 lots, increment size 0.01, maximum trade size 80 standard lots per position , maximum simultaneous open orders 300, margin call / stop out: 50% / 20%, telephone trading, commission of $ 6 / € 5 per standard lot turn, fund management.

Trader Account: Minimum initial deposit of $ / € 100.000, spread from 0.2 pips, fifth decimal place, leverage up to 1: 100, market type execution, minimum trade size 0.1 lots, increment size 0.01, maximum trade size 80 standard lots per position, Maximum simultaneous open orders 150, margin call / stop out: 50% / 20%, telephone trading, $ 6 / € 5 commission per standard lot turn, fund management.

 

MFI Broker account types
MFI Broker account types

In the following image you can have more information about the types of account. Click here to see the image in full size.

Las platforms to operate that MFI Broker offers are: MFI Broker's own platform.

We will now analyze the different resources and aids for traders that MFI Broker provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.

MFI Broker website
MFI Broker website

MFI Broker provides the following aids or resources to traders or interested parties: economic calendar, currency calculator, really not much more than this.

 

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| Other information about MFI Broker |

 

Some more information in case you want to contact the company, or see its website for yourself.

Website: mfibroker.com y investmfi.com

Telephone: + 442038077473

Email: [email protected] y [email protected]

 

>>> Assessment on MFI Broker <<

 

Ending with this section, in our opinion Do we believe that the MFI Broker company is reliable? Should you invest your money with the company?

 

The truth is that, we recommend caution, because: it is an unregulated broker, they mention being based in New Zealand, they also mention being based in Saint Vincent and the Grenadines, when looking for reviews about MFI Broker we did not find any other review, we believe that It is a new broker, without a track record. We suggest using caution. 

⛔ Attention ⛔ : in January 2021 CNMV has added to MFI Broker to your list of fraudulent financial companies, for acting without authorization. WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the CNMV January 2021 warning

 

We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?

 

You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.

 

What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.

 

We leave a vote open so that traders, clients and users of the broker can vote.

 

[democracy id = ”536 ″]

 

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

5 comments on «MFI Broker (Mutual Fund Investment): Rating and Comments»

  1. John Crespi Pons Reply

    It may be in the form of a scam, but I am very happy with them, everything they promise they send you, and I have been working with them for more than a year, I cannot complain, everything they have promised has been sent to me.

      • Recommended Brokers

        Hello Juana, thank you for sharing your experience with MFI Broker (Mutual Fund Investment). This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
        We have his review here: https://brokersrecomendados.com/mfi-broker-valoracion-comentarios/
        If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

        Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

        To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

        regards

    • Recommended Brokers Reply

      Hello Anonymous, The truth is that MFI has the SCAM Broker format, we recommend caution, because it is a non-regulated broker, we do not know where they operate from, it is a broker without a track record. We suggest using caution.

      We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?

      regards

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