Insured
(click here for more details) Licensed, and Regulated by the Financial Markets and Services Authority.
The Best Software:
MFN’s proprietary trading software provides real-time, executable prices in more than 100 instruments, real-time account statements, audio alerts, customizable charts, client-defined trading portfolios, and the ability to trade right from MFN’s charts.
Our Combined Balance Sheet:
Maintaining more than US$ 1,000,000 in net capital and assets as required by the Financial Markets and Services Authority – far more than many of our competitors.
Zero Commissions:
All MFN's instruments can be traded commission-free with no account maintenance fees. MFN is compensated for its services through the bid and ask price.
The Lowest Margin Requirements:
All MFN/CMG clients qualify for a margin requirement of US$ 50.00 per instrument, or 0.5%. Clients trade forex and CFDs on the industry’s lowest margin requirements.
Hedging Capabilities:
MFN clients can open positions in the opposite direction in the same instrument without using additional margin. Some clients choose this feature to manage risk more efficiently.
Client Risk is Limited to Funds Deposited:
Unlike other markets, clients cannot lose more than the funds in their trading account. MFN/CMG’s advanced margin-tracking features ensure that a client’s account will not go into deficit.
Tax-Free Jurisdiction and Confidentiality:
MFN/CMG clients enjoy the unique tax-free status of the Lake Victoria Free Trade Zone by law. MFN/CMG does not report any information about clients’ profits or losses to any taxing authority and strictly guards clients’ confidentiality.
Safety of Funds:
CMG is licensed and regulated by the Financial Markets and Services Authority. MFN/CMG’s clients’ trading accounts are segregated and insured against many risks. Client funds are held in omnibus bank accounts and are not commingled with MFN/CMG’s operating accounts.
Client Service:
MFN/CMG are committed to providing the highest level of customer service in the industry. As a Bank and Trust Company, CMG maintains the highest level of professionalism, customer support, and compliance in the industy. We pride ourself on our easy-to-use website and trading software. All of MFN/CMG’s staff are contactable by email, instant messenger, and telephone. As a self-directed customer, please make sure you thoroughly understand the risks associated, experience and your responsibilities needed to trade online. Review all disclosures and practice trading in order to fully understand trading platform functionality, connectivity and hardware requirements. Recommended hardware configuration: PC with Pentium III- 1000 processor, 128 Mb ram. Software requirements: Software requirements: MS Windows 9x, NT, Me, 2000, XP, 2003, Java 1.41.1 or higher.
