Company Information

Get to know mfx broker

Originally founded as Masterforex in 2006, the company rebranded to MFX Broker and operated primarily as an online trading platform for retail clients, offering forex, commodities, and CFD trading. It heavily targeted clients in Russia, the CIS region, and parts of Asia. The company collapsed in late 2015 and early 2016, at which point it was widely reported to be a massive pyramid scheme, resulting in the loss of millions of dollars for tens of thousands of investors. Its licenses were revoked, and the company ceased all operations.

Industry

Forex Retail BrokerPRIMARY
Financial Other Service

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mfx broker

Russia

Founded in

2006 (20 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

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Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.