Global Banking & Finance Review recently caught up with Handzalah Osman, the Head of Business Strategy at MFM Securities, a global multi-asset broker who has been operating since 2011. We asked Handzalah about what MFM has to offer over its competitors, what advice he would give to someone who is new to trading, and what MFM’s customers can look forward to seeing in the near future.
What distinguishes MFM Securities from other financial trading companies?
MFM Securities promises good experiences for different levels of traders, whether they are newbies, intermediate or expert. With well-planned promotions and contests organised every month, we attract all kinds of clients to participate and enjoy various prizes, as well as expand their trading strategies with every entry.
What kinds of accounts and trading platforms does your company offer?
MFM Securities offers three types of account: Micro, Standard and Prime. We offer trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) to provide traders with access to various instruments.
In your opinion, what are the most common pitfalls that traders tend to fall into?
Market liquidity is often the top disadvantage to every trader. Adding to that, greediness for money and profit rather than good efficiency and consistency often sets traders back in every entry. Good trading strategies alongside money management controls always suffer when it comes to a trader who trades off with emotion.
Do you have any advice for new traders?
Every trader should consider knowing the market trends. This is why it is important to analyse the market periodically. They should be aware of the importance of money management and forecasting the weather conditions on the market before they make any entries or hold onto any positions. This will help to prepare traders mentally and emotionally for facing huge risks or loopholes in the markets.
What innovations should your customers expect in the near future – promotions, services, products?
MFM Securities is always a step ahead with planning and organising various promotions and contests for all beloved traders globally. There’s our Demo Contest Series which focuses on newbies, while the experts can join big live account contests every month. MFM Securities has also launched a few investment tools to help traders, such as PAMM Investment and CopyTrade. We’re looking forward to expanding more to provide the best trading experience for every trader around the globe.
Could you please tell us about your FOREX business experience, the company, and its strategic goals?
MFM Securities has been in the currency trading business since 2011 and is a pioneer of various products and platforms in the region, including CopyTrade. We have expanded from a tiny local company offering only currency trading, to a multi-asset company with more than 70 team members. Our goals in the next three years are to expand the business coverage to more than 20 countries and to be the top provider in the world.