MFIbroker

MFIbroker is a forex and CFD broker registered in Saint Vincent and the Grenadines, an offshore jurisdiction known for minimal regulatory oversight. The company was founded on 26 October 2020 and operates under the official domain investmfi.com. According to our records, the broker presents itself as a multi-asset trading provider, but independent public information about its operations and ownership is limited.

Our research has found no evidence that MFIbroker holds a licence from any recognised financial regulator. The absence of oversight from authorities such as the FCA, CySEC, or ASIC is a significant red flag for trader protection. In FXCanary's assessment, the lack of regulatory status combined with the broker's jurisdiction in Saint Vincent and the Grenadines contributes to a Scam Risk Score of 85 out of 100, indicating a severe risk level. Traders should exercise extreme caution before considering any engagement with this entity.

MFIbroker offers four account tiers with notably high minimum deposit requirements. The MICRO account requires a minimum deposit of $250, while the STANDARD account demands $2,500. The PREMIUM account starts at $25,000, and the TRADER account requires a substantial $100,000. These thresholds suggest the broker is targeting high-net-worth individuals or professional traders, as the entry levels are far above industry averages for retail brokers.

The broker provides leverage ratios that vary by account type. The MICRO account offers the highest leverage at 1:500, while the STANDARD account allows up to 1:300. The PREMIUM and TRADER accounts are capped at 1:100. Tradable instruments include forex, indices, commodities, and share CFDs. While this product range is standard for the industry, the high leverage on lower-tier accounts may amplify risks, particularly given the unregulated environment.

MFIbroker presents itself as a forex and CFD broker with a focus on larger deposits and flexible leverage. However, the lack of regulatory oversight, combined with the offshore domicile and very high minimum deposit requirements, makes it a high-risk proposition. FXCanary advises traders to prioritise brokers with robust regulation and transparent operations. The information publicly available about MFIbroker is insufficient to recommend it as a safe trading venue.