(2 votes, average: 3 out of 5, rated)
The online broker known as EFX Group is already acquired by MB Trading Futures, Inc. (MBTF), which gets a referral fee for the services it provides that is based on the volume. The company offers to execute and settle services for Forex through EFX.
The Forex trader EFX Group has an office in New Zealand and the United States. With their exact address and telephone numbers included in their website.
The EFX Group is just a known executor of Forex products under MB Trading Futures Inc., which acquired the company recently.
Different Account Options for traders are offered like Corporate, LLC, Partnership, Trust, Sole Proprietorship and IRA Accounts. All applications are available online for the different accounts.
Minimum investment is offered for $400 only through two different funding procedures; cash that can be wired to their bank account or a bank check payable to MB Trading Futures, Inc.
Fixed commission of only $5.00 for $100,000 traded is applied by the broker. There are discount advantages for the traders on the commission rates and in the spreads’ interest rates that are based on the trading volume monthly on the size of deposits made.
23 currency pairs are traded by the RFX Group: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD, EUR/JPY, EUR/CHF, EUR/GBP, GBP/JPY, CAD/JPY, AUD/JPY, NZD/JPY, CHF/JPY, GBP/CHF, USD/NOK, EUR/AUD, EUR/SEK, EUR/CAD, USD/MXN, USD/SEK, USD/DKK.
Their execution of their trading is done by Electronic Communications Network (ECN Model), which is good for scalping. The clients can be their own market marker to allow them to earn the spread. It also allows trading by entering the client’s own bids and offers inside the spread. Bid’s real-time display is available to be viewed by the client; therefore making use of the one-click dealing will be for their advantage. Charts are free. They also offer available API for automated trading.
They offer contact details for clients that need for advice and support. Even available chats and webinars can help to educate new traders and answer questions by the existing clients of the EFX Group.
Tutorials are offered in the do-it-yourself procedure. These do-it-yourself tutorial materials are in video formats and PDF files.
The Remote Trader of EFX has the Managed Account Tool (MAT) that gives the institutionalized trading flexibility that is very easy to use. The freedom on trading unlimited accounts at the same time is possible with different risk profiles and size profiles for every account in just one motion.
The trading platform of EFX introduced their Remote Trader that foes with the trader anywhere they go. Execution of the trades are all left in the hands of the clients whenever, wherever or however it is seen suitable by the client themselves without the need for any downloads required. These platform processes are available through an Internet access, which is very convenient for account holders in EFX. The features of the Remote Trader are effective, easy and fast for the trading needs of their clients.
The navigation site is simple and is provided with essential links without a congested site full of ads and banners that makes the internet user feel comfortable using the site provided with all the helpful information for an interested trader or clients. The site served its purpose to provide information to the interested parties.
Please share your experience using EFX Group by leaving a comment.
Please rate EFX Group
Tried there platform, complicated but no frills. Lousy swap rates but good spreads.Also expensive fees and useless during the news
ramesh's rating:EFX is just one of several introducing brokers for mbtrading.com,meaning they bring clients to mbtrading and get commission payouts.Demo and live versions are poles apart.Terrible rollover rates.OK for day trading but not comfortable otherwise.
juke's rating:Looked this up last time and disappointed that no charting within platform.Am a day trader. What can I do here?
chang's rating:Sure its a funny kinda platform for the day trader.You got to stay on top of the trade or else you are out.
rubin's rating: