Residence, Regulation, and Company Management Structure

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.

Company’s Market Position

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.

Types of Services Offered

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.

Traders Support

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

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.

Site Design and Ease of Navigation Comments

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.

Advantages

ü Available contact information with contact numbers. Toll-free number is also available for easy access for all.

ü Quality of support and platform are of high quality and standards, as well as user-friendly.

ü Accessible trading for anybody anywhere in the world for the online access of accounts.

ü Detailed service offers and well supported educational help for clients in their website.

Disadvantages

o It is not a direct brokerage firm but is just a part of a bigger company that handles Forex trading.

Very minimal options for the cash forwarding.