Min Deposit
USD 1
Regulators
FCA, ASIC, FMA
Trading Platform
MT4, Proprietary Platforms
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Our MahiFX Account Types Revealed:
- ✔️MahiMarkets Overview
- ✔️MahiMarkets Account Types
- ✔️MahiMarkets Account Features
- MahiMarkets Demo Account
- MahiMarkets Islamic Account
- MahiMarkets Pros and Cons
- MAHIMARKETS AT A GLANCE
MahiMarkets Overview
MahiMarkets is a New Zealand based broker formerly trading as MahiFX. The former entity was established in 2010 by a group of specialized market and trading experts to provide advanced trading services to retail traders around the world.
The broker recently rebranded itself as MahiMarkets and employs its industry expertise to cater to brokers, banks and other payment providers to offer specialized consultancy and trading software. As such, MahiMarkets no longer accepts retail traders.
Institutional and corporate clients can benefit from comprehensive services that consist of business optimization, health checks on business performance and informed strategy development.
The broker further offers a selection of three proprietary trading platforms, namely MFX Compass, MFX Echo and MFX Vector, which provide a range of trading features including algorithmic trading and optimised signal and pricing features.
MahiMarkets does not offer retail trading accounts, rather institutional clients can apply for a free consultation in order to set up bespoke services and software solutions tailored to their specific business needs.
Furthermore, a free 30 day trial can be arranged for any of the three trading platforms in order for brokers to test out whether the software offering suits their particular trading conditions and product offering.
MahiMarkets is operated by a group of industry experts that have taken their longstanding experience as a retail brokerage operating as MahiFX to apply this knowledge to other Forex brokerages, helping them to flourish and grow in the volatile and highly competitive Forex market.
The broker has an excellent reputation in the industry, backed by a strong existing regulatory framework and a strong history of sound business trading practices, making it an excellent option for brokers and other investment institutions hoping to improve their trading offering.
Retail traders, however, will no longer be able to open a trading account with the broker or access any of the trading software. MahiMarkets is set up purely to allow other business to monetise their trading flow.
However, retail traders may access the trading software through another retail Forex brokerage that choose to adopt any of MahiMarkets’ proprietary platforms as a plug-in on their own trading sites.
MahiMarkets Account Types
MahiMarkets does not offer a trading account to retail traders. Rather, the broker operates as a consultancy services and trading software provider to other brokers, banks and payment providers. As such, this review will focus on the available service offering and software available.
In place of a traditional demo account, prospective clients can apply for a free 30 day trial of the three software platforms provided by MahiMarkets.
MahiMarkets Account Features
Consultancy
The consultancy service from MahiMarkets caters towards both the buy side and sell side of firms, and allows clients to streamline their offering through specialized automation and analysis.
Clients who make use of the consultancy service from MahiMarkets will receive several key benefits, which include:
- Performance analysis
- Trade execution review
- Trading and data analytics
- Workflow optimization
- Performance plan
Health Check
The Health Check service from MahiMarkets is an assessment service backed by data analysis that will allow clients to understand weak areas in their offering and where they can improve their overall business setup. This service includes the following benefits:
- B2B client onboarding assessment
- Alternate risk regime analysis.
- Competitive pricing analysis.
- Machine learning feature selection + evaluation
- No integration
Markouts on Demand
The Markouts on Demand service from MahiMarkets allows clients to optimise their offering in order to improve their growth trend. This includes identifying top customers, identifying more competitive spreads, and improving insight into the trading business.
Benefits of this service from MahiMarkets includes the following:
- Map clients to the right liquidity
- PnL opportunity report
- No integration
MFX Compass
MFX Compass is proprietary software designed by MahiMarkets which provides pricing and risk management system used by trading businesses to manage their flow of investment. As such, this software provides the following key benefits:
- Highly intelligent, automated allocation of flow to the correct books
- Highly tuned algorithmic hedgers exit risk efficiently based on a range of parameters and the user’s individual risk appetite
- Tailored pricing models with a wide range of built-in protection
- Advanced predictive signalling technology for both hedging and price formation
- Trading simulation technology
MFX Echo
The proprietary MFX Echo software from MahiMarkets is designed to allow for fast-paced trading decisions and lightning quick execution. This is achieved with the following software features:
- Real-time arbitrage alerts
- Identify sweeps as they occur
- View spread stability
- Keep track of pricing update frequency
- Rank LPs based on pricing accuracy
MFX Vector
The proprietary MFX Vector platform from MahiMarkets is algorithmic trading software backed by a sophisticated market making engine. This platform allows users to customise execution levels and market aggressions so that traders can make efficient use of market volatility.
As Such, the MFX Vector platform allows traders the following benefits and features:
- An extensive suite of customisable execution algorithms
- Earn spread by passively market making, avoid spread crossing
- Control the speed of execution and where orders are placed
- Reduce market impact on large orders
- Optimise aggression based on market direction
- TCA to drill into execution performance and market impact both during algorithmic execution and post-trade
- White label with your branding – access an instant algorithmic solution
MahiMarkets Demo Account
MahiMarkets does not offer a demo account in the traditional sense, but rather a free 30 day trial of the three trading platforms offered by the broker, namely the MFX Compass, MFX Echo and MFX Vector platforms.
The demo versions can be applied for along with a free consultancy. When using these demo platforms, traders will be able to test out features specific to each platform.
As such, MFX Compass offers configurable signal pricing and algorithmic risk features; MFX Echo offers markets insights in real time, and MFX Vector is designed to provide customizable algorithmic execution.
A demo version can be opened for 30 days for any of the three trading software platforms offered by MahiMarkets. Opening a demo version will consist of the following steps:
- Visit the MahiMarkets website
- Navigate to the Software section of the MahiMarkets website
- Choose from either the MFX Compass, MFX Echo or MFX Vector platform options
- You will be redirected to the platform page.
- From here, you can select the option for a 30 days free trial. Submit your request for a free consultation directly to the MahiMarkets support team, on the email address provided.
MahiMarkets Islamic Account
MahiMarkets does not offer an Islamic Account to traders of the Muslim faith. This is because the broker does not offer retail trading accounts to retail traders, but caters to other brokers and trading or financial investment businesses only.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
MahiMarkets Pros and Cons
| PROS | CONS |
| Strong regulatory framework | Retail traders not accepted |
| Comprehensive bespoke services | |
| Advanced proprietary trading software | |
MAHIMARKETS AT A GLANCE |
|
| Broker’s Name | MahiMarkets |
| Headquartered | New Zealand |
| Year Founded | 2010 |
| Regulating Authorities | FCA, ASIC, FMA |
| Countries not accepted for trade | United States |
| Islamic Account (Swap Free) | No |
| Demo Account | No |
| Institutional Accounts | Yes |
| Managed Accounts | Yes |
| Maximum Leverage | None |
| Minimum Deposit | None |
| Deposit Options | Bank transfer |
| Withdrawal Options | Bank transfer |
| Platform Types | MFX Compass, MFX Echo, MFX Vector |
| OS Compatibility | Windows, Mobile, Web, iPhone, iPad
PC and Mac OS, mobile for Android and IOS |
| Tradable Assets | Assets not offered – only consultancy services and software |
| Languages supported on Website | English |
| Customer Support Languages | English |
| Customer Service Hours | 24/5 |
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Min Deposit
USD 1
Regulators
FCA, ASIC, FMA
Trading Platform
MT4, Proprietary Platforms
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
FAQ
How many instruments can I trade with MahiMarkets?
Clients cannot trade assets or instruments via MahiMarkets. Rather, the broker is set up to assist other brokerages, banks and payment providers in optimizing their trading services, asset portfolios and trading technology.
Which platforms are supported by MahiMarkets?
MFX Compass, MFX Echo, and MFX Vector
Does MahiMarkets offer leverage?
No, MahiMarkets does not offer leverage, as it does not operate as a traditional retail Forex broker. However, analytics on the optimum leverage levels which its clients can offer to their traders will form part of MahiMarkets’ consultancy and assessment services.
What spreads can I expect with MahiMarkets?
MahiMarkets, formerly MahiFX, no longer provides traditional Forex brokerage services to retail traders, and so a spread list or trading commissions will not apply. MahiMarkets caters to banks, other brokers and payment providers.
Does MahiMarkets charge commission?
No, commissions are not charged by MahiMarkets. Fees from MahiMarkets will apply to the three different service criteria offered by the broker, namely consultancy, business health check, and markouts on demand.
Are there additional charges on the Islamic account?
MahiMarkets does not offer an Islamic Account.
Is MahiMarkets regulated?
MahiMarkets was formerly MahiFX, a New Zealand based Forex broker regulated in several jurisdictions, including by the FCA, ASIC and the FMA. This high level of regulation ensures a secure environment when dealing with MahiMarkets.
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