Home Forex Brokers MFPro

MFPro

4.5 / 10 Overall Score

Website: http://mgfidelpro.com/en
Jurisdiction: Canada
Operating Since: 2-5 years
Regulatory Status: N/A

Score Breakdown

License
Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: MGFIDELPRO Limited
Phone: 2892005975
Email: support@mgfidelpro.com
Address: —

License Info: —

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# MFPro Company Overview

## Company Overview

MFPro company operates as a forex broker, specifically registered in Canada under the name MG Fidel Pro Limited. The company has been in operation for approximately 2 to 5 years, although specific founding details are not provided. As a forex broker, MFPro offers trading services primarily through the widely recognized MetaTrader 4 (MT4) platform.

The company's headquarters is located in Canada, but further details regarding regional offices or specific operational locations are not available. MFPro appears to focus on providing trading services without a clear indication of a broad global business scope.

## Regulation and Compliance

MFPro is noted for having no valid regulatory licenses, raising significant concerns regarding its legitimacy and operational integrity. The absence of credible regulation means that the company does not adhere to established financial compliance frameworks, which are critical for ensuring client fund protection and maintaining fair trading practices. The lack of a functional website further complicates the assessment of its regulatory standing.

There are no known client fund protection policies, such as fund segregation or insurance, documented for MFPro. As a result, potential clients are advised to exercise caution when considering engagement with this broker, given the high potential risks associated with trading through an unregulated platform.

## Global Presence and Market Coverage

Currently, there is limited information regarding the primary geographic markets served by MFPro. The company is registered in Canada, but no details about local branches, representative offices, or partnerships are provided. Furthermore, there is no clear indication of the market segments or client demographics that the company focuses on, making it difficult to assess its market coverage comprehensively.

## Summary

In summary, MFPro company is a forex broker registered in Canada, operating without any valid regulatory licenses. The lack of transparency regarding its operational practices, client fund protection measures, and market presence raises significant concerns about its credibility and reliability in the financial services industry. Given these factors, potential clients are strongly encouraged to conduct thorough research and due diligence before considering any engagement with MFPro.

Account Types

# MFPro Account Types

MFPro offers a variety of account types designed to cater to different trading needs. Below are the details of the available account types:

| Account Type | Minimum Deposit | Spreads/Commission Model | Leverage Limits | Trading Instruments | Base Currencies | Execution Model | Unique Features |
|--------------|----------------|--------------------------|------------------|---------------------|------------------|------------------|------------------|
| Standard     | Not specified   | Variable spreads         | Up to 1:2000     | Forex, Metals, Indices, Commodities | USD, EUR, JPY | Market Maker     | Educational resources available |
| ECN          | Not specified   | Low spreads, commission on trades | Up to 1:2000     | Forex, Metals, Indices, Commodities | USD, EUR, JPY | ECN              | Direct market access, faster execution |
| Pro          | Not specified   | Variable spreads         | Up to 1:2000     | Forex, Metals, Indices, Commodities | USD, EUR, JPY | ECN              | Personalized account manager, VIP services |
| Demo         | Not applicable  | Not applicable           | Not applicable    | Not applicable       | Not applicable    | Not applicable    | Practice trading without risk |

# MFPro Broker Account Opening Process

To open an account with MFPro broker, follow these steps:

1. **Visit the Account Registration Page**: Go to the MFPro website and navigate to the account registration section.
2. **Complete the Registration Form**: Fill out the online application form with your personal information and trading preferences.
3. **KYC/Identity Verification**: Upload the required documents for identity verification, which typically includes a government-issued ID and proof of residence.
4. **Minimum Funding**: Fund your account using one of the available deposit methods. The minimum deposit amount will depend on the chosen account type.
5. **Approval Time**: Wait for your application to be reviewed and approved. The approval time may vary.
6. **Access Trading Platforms**: Once approved, you will receive your login details to access the trading platforms available, such as MT4 or MT5.
7. **Optional Demo Account**: If you wish to practice before trading live, you can request a demo account after completing the registration process.

This process ensures that you are set up correctly and ready to start trading with MFPro.

Deposit & Withdrawal

# MFPro Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## MFPro Minimum Deposit Explained

### Minimum Deposit Amount
The **minimum deposit** required to open an account with MFPro is typically **$100**. This amount may vary depending on the type of account you choose.

### Account-Type Comparison
1. **Standard Account**: Minimum deposit of **$100**.
2. **Pro Account**: Minimum deposit of **$500**.
3. **VIP Account**: Minimum deposit of **$5,000**.

### Regional Differences
While the minimum deposit is generally consistent, local regulations may impose different requirements in certain regions. Always check the specific terms applicable to your country of residence.

### Advantages
1. **Low Entry Barrier**: The minimum deposit is relatively low, making it accessible for new traders.
2. **Multiple Account Types**: Different account types cater to varying trading styles and capital levels.
3. **Leverage Options**: Competitive leverage options available, enhancing trading potential.
4. **Diverse Trading Instruments**: Access to various markets, including forex, commodities, and indices.

### Disadvantages
1. **Limited Features on Lower Tiers**: Lower-tier accounts may have fewer features and benefits.
2. **High Minimum for VIP Account**: The significant minimum deposit for VIP accounts could deter some traders.
3. **No Regulatory Oversight**: Lack of proper regulation raises concerns about security and reliability.
4. **Limited Customer Support**: Support options may be restricted for lower-tier accounts.

### Competitor Comparison
Compared to other brokers, MFPro's minimum deposit is competitive. For instance:
- **Broker A**: Minimum deposit of **$50**.
- **Broker B**: Minimum deposit of **$200**.
- **Broker C**: Minimum deposit of **$100** but offers more features at that level.

## MFPro Deposit Methods Comprehensive Guide

### Available Deposit Methods
1. **Bank Transfer**
   - **Processing Time**: 1-3 business days
   - **Fees**: Typically none, but may vary by bank
   - **Availability**: Global
   - **Limits**: Minimum $100
   - **Pros**: Secure and reliable
   - **Cons**: Slower processing time

2. **Credit/Debit Card**
   - **Processing Time**: Instant
   - **Fees**: No fees from MFPro, but card issuer may charge
   - **Availability**: Global
   - **Limits**: Minimum $100
   - **Pros**: Quick and convenient
   - **Cons**: Potential for transaction limits by card issuer

3. **E-Wallets (e.g., Skrill, Neteller)**
   - **Processing Time**: Instant
   - **Fees**: Generally no fees from MFPro
   - **Availability**: Global
   - **Limits**: Minimum $100
   - **Pros**: Fast transactions
   - **Cons**: Some e-wallets may charge fees

4. **Cryptocurrency**
   - **Processing Time**: Up to 1 hour
   - **Fees**: Blockchain fees may apply
   - **Availability**: Limited to regions allowing crypto transactions
   - **Limits**: Minimum $100 equivalent
   - **Pros**: Anonymity and security
   - **Cons**: Volatility and potential regulatory issues

5. **Local Payment Methods**
   - **Processing Time**: Varies by method
   - **Fees**: Typically none
   - **Availability**: Region-specific
   - **Limits**: Minimum $100
   - **Pros**: Familiarity for local traders
   - **Cons**: Limited availability outside specific regions

### Supported Currencies
MFPro supports a variety of currencies, including USD, EUR, GBP, and local currencies depending on the deposit method.

### Recommended Methods
- **For Speed**: Credit/Debit Card or E-Wallets
- **For Security**: Bank Transfer
- **For Anonymity**: Cryptocurrency

## MFPro Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log into your MFPro Account**: Access your account using your credentials.
2. **Navigate to the Deposit Section**: Click on the "Deposit" button in your account dashboard.
3. **Select Your Deposit Method**: Choose from the available methods (bank transfer, card, e-wallet, etc.).
4. **Enter Deposit Details**: Fill in the required information, including amount and account details.
5. **Confirm Transaction**: Review and confirm your deposit.

### Mobile vs Web Differences
The deposit process is similar on both mobile and web platforms, with intuitive interfaces designed for ease of use. Some methods may be exclusively available on one platform.

### KYC Notes and Common Issues
- **KYC Verification**: Ensure your identity is verified to avoid delays.
- **Common Issues**: Transaction failures can occur due to insufficient funds or incorrect details. Double-check all information before submission.

### Typical Fund Crediting Times
- **Instant**: Credit/Debit Card and E-Wallets
- **1-3 Business Days**: Bank Transfers and Local Methods

## MFPro Withdrawal Methods Overview

### Available Withdrawal Channels
1. **Bank Transfer**
   - **Processing Time**: 1-3 business days
   - **Fees**: None from MFPro, but intermediary banks may charge
   - **Limits**: Minimum $100

2. **Credit/Debit Card**
   - **Processing Time**: 3-5 business days
   - **Fees**: None from MFPro
   - **Limits**: Minimum $100

3. **E-Wallets (e.g., Skrill, Neteller)**
   - **Processing Time**: Instant
   - **Fees**: Generally none
   - **Limits**: Minimum $100

4. **Cryptocurrency**
   - **Processing Time**: Up to 1 hour
   - **Fees**: Blockchain fees may apply
   - **Limits**: Minimum $100 equivalent

### Pros and Cons per Method
- **Bank Transfer**: Pros - Secure; Cons - Slower
- **Credit/Debit Card**: Pros - Quick; Cons - Longer processing time for withdrawals
- **E-Wallets**: Pros - Fast; Cons - Requires an e-wallet account
- **Cryptocurrency**: Pros - Secure; Cons - Volatility in value

### Recommended Options by Cost and Speed
- **Fastest**: E-Wallets
- **Lowest Cost**: Bank Transfer

## MFPro Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log into your MFPro Account**: Use your credentials to access your account.
2. **Navigate to the Withdrawal Section**: Click on the "Withdraw" button in your dashboard.
3. **Select Your Withdrawal Method**: Choose from available options (bank transfer, card, e-wallet, etc.).
4. **Enter Withdrawal Details**: Fill in the required information, including amount and account details.
5. **Confirm Withdrawal**: Review and confirm your withdrawal request.

### ID Verification Requirements
For security purposes, MFPro may require identity verification for withdrawals. Ensure that your KYC documentation is up to date.

### Expected Fund Arrival Time
- **Instant**: E-Wallets and Cryptocurrency
- **1-3 Business Days**: Bank Transfers

### Typical Delay Reasons and Fixes
- **Insufficient Funds**: Ensure you have enough balance for the withdrawal.
- **Incorrect Details**: Double-check your bank or e-wallet details.
- **Verification Issues**: Complete any pending KYC requirements.

## FAQs – MFPro Deposits & Withdrawals

### What is the minimum deposit for MFPro?
The minimum deposit for MFPro is generally **$100**.

### How long do withdrawals take?
Withdrawals can take from **instant** (for e-wallets) to **3-5 business days** (for bank transfers).

### Are there fees for deposits or withdrawals?
MFPro typically does not charge fees for deposits or withdrawals, but intermediary banks or e-wallet providers may impose charges.

### Can the same method be used for both?
Yes, you can use the same method for both deposits and withdrawals, provided the method is supported.

### Are crypto or local methods supported?
Yes, MFPro supports cryptocurrency deposits and withdrawals, as well as local payment methods depending on the region.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

MFPro

MFPro

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