MahiFX, the predecessor of MahiMarkets, was established in 2010 by David Cooney and Susan Cooney, both former bank forex traders. In 2019, it underwent a formal transformation, selling its retail trading business to other brokers such as FXDD and LGT Solutions, transitioning into a fintech company.
Development History of MahiMarkets:
- Foundation Stage (2010): MahiFX was founded by David Cooney and Susan Cooney in 2010. Both founders were former bank forex traders, and they developed the MFX Trade, a forex trading platform, utilizing their trading skills and experience.
- Expansion Stage (2012): In 2012, MahiFX officially launched the MFX Trade platform and obtained financial licenses and regulation in New Zealand, Australia, and the UK. The company began attracting retail traders and gradually expanded the variety of trading products and its business scope.
- Transformation Stage (2019): In 2019, MahiFX announced the closure of the MFX Trade platform and sold its retail trading business to other brokers, including FXDD and LGT Solutions. At this point, MahiFX started focusing on providing customized trading technology and solutions for institutional traders, launching MFX Compass (customized trading technology and solutions) and MFX Vector (trading strategy and execution tools).
- Reshaping Stage (2021): In 2021, MahiFX was renamed MahiMarkets to reflect the results of its business transformation. MahiMarkets not only provides forex trading technology and solutions but has also expanded the range of its products and services to cover multiple asset classes including commodities, CFDs, cryptocurrencies, single stocks, and options.
The main services provided by MahiMarkets include:
Trading Technology and Solutions: MahiMarkets offers customized trading technology and solutions for institutional traders to meet their specific trading needs and strategies. This includes trade execution, liquidity management, order management systems, and risk management tools.
MFX Compass: MFX Compass is one of the main products of MahiMarkets, offering a suite of customized trading technology and solutions.
MFX Vector: MFX Vector is another product from MahiMarkets, aimed at providing trading strategies and execution tools for institutional traders including technical analysis, algorithm models, market data, and analytical reports.
Multiple Asset Classes: In addition to forex trading, MahiMarkets has expanded its product and service range to include commodities, CFDs, single stocks, and options across multiple asset classes.
Professional Support and Customer Service: MahiMarkets is committed to providing clients with professional support and high-quality customer service.
