The MFFX Mini account with MetaTrader was designed for those who are new to the forex market. The mini forex account trades in smaller contract sizes of 10,000 units, which is 1/10th the size of the standard account. The smaller trade size gives traders the opportunity to trade live with less overall risk or exposure to the market. In addition, the Mini account allows traders to become familiar with MFFX, more specifically the quality and reliability of MFFX dealing practices and the stability of the MF MetaTrader 4 Platform.

Importance of Trading Strategy

Many traders will hold on to losses hoping it will reverse eventually, only to see the loss get progressively larger. The trading decisions are based on emotional reactions to fluctuating profits and losses, a common pitfall for new traders.

Because the pip value on the Mini Account is just $1 per pip, traders can focus on developing a disciplined trading strategy, basing decisions on pip movement and market conditions NOT P/L.

For Example: When trading a MFFX Mini account, a 50-pip floating loss is approximately $50. That same 50-pip move against you on the Standard Account now becomes a $500 floating loss. By starting with a Mini account- a trader loses only a small amount on every losing transaction making it easier to stick to a disciplined trading strategy. Generating larger losses on the Standard Account can be detrimental to new traders as the temptation to hold on to the loss is much greater based on the size of the loss.

Learn More about Our Platform

• The Best Execution

  MF MetaTrader 4 offers the best execution price means that your trade will be filled with the best available rate from the price that is determined by multiple banks and financial institutions.

• Expert Advisor

  Expert Advisor’s (EA) are automated trading tools developed by third parties. MFFX does not control for the accuracy or reliability provided by the EA. Traders utilising an EA do so at their own risk. Additionally, many EA’s employ the use of micro lots and do not account for fractional pip pricing. On the MFFX MetaTrader 4 Platform the smallest lot size increment is 10k and fractional pips are used. Prior to trading, please contact your EA provider to discuss the lot sizes used in the program and any potential issues that may arise from fractional pip pricing.

• Slippage

  MFFX aims to provide traders with the best pricing available and to get all orders filled at the requested rate. However, there are times when, due to an increase in volatility or volume, orders may be subject to slippage. This most commonly occurs during fundamental news events and fast moving market.

• Hedging

  The ability to hedge allows a trader to hold both buy and sell positions in the same currency pair simultaneously. Traders have the ability to enter the market without choosing a particular direction for a currency pair. While the ability to hedge is an appealing feature, traders should be aware of the factors that may affect hedged positions.

• Guarantee Execution

  In case there is issue in getting order executed, please email support@mffx.com. We will honour reasonable request and look at each problem to determine the best possible solution for the traders. And execution is guarantee by MF Financial Ltd.

• The Best Execution

  MF MetaTrader 4 offers the best execution price means that your trade will be filled with the best available rate from the price that is determined by multiple banks and financial institutions.