Mkhonto Broker Review

Back to top

Mkhonto broker features

Mkhonto pros and cons

Review Sections:

Who are FXTM?

Introduction

Mkhonto Financial Services (Pty) Ltd is registered and authorised to operate as a Financial Service Provider (FSP) in South Africa by the Financial Sector Conduct Authority (FSCA). At present, it primarily offers ‘B2B’ liquidity services and vanilla platform solutions for brokers engaged in providing Contracts for Difference (CFD) to retail customers for a variety of trading assets. It does not engage directly with customers, except as an agent for its brokerage clients. The company provides access to hundreds of CFD possibilities for popular stocks, forex exchange pairs, Exchange-Traded Funds (ETFs), precious metals, base metals, energies, indices, and cryptocurrencies. The management team has also chosen to partner with the exceedingly popular MetaTrader 4 and 5 trading platform options, enabling desktop, independent web access, and mobile trading with the device of your choice. MT4 and MT5 are well known for their user-friendly interfaces, extensive library of technical indicators, and overall ease of use in enacting trades and following various price histories of chosen assets. Patrick Mkhonto is the Founder and CEO of the firm. Judging from its registration number of "2012/139222/07", it appears that the firm has been registered for nine years. Among other authorised financial services, it is allowed to perform the duties of an intermediary related to the handling of shares and other derivative instruments, including CFDs. The firm and its management team uphold the following values:

• Customer's Interest: We pay due regard to the interest of our customers and treat them fairly in all our dealings with them.
• Act with Integrity: We are guided by the rules of ethical conduct in all that we do. Our relationship with clients, stakeholder and our colleagues is built on trust, respect, and confidentiality.
• Practice Excellence: We demand excellence from ourselves and are committed to providing outstanding service levels for clients.
• Client Communications: We pay due regard to the information needs of our clients and communicate information to them in a clear, fair, and accurate way.
• Innovate: We anticipate the changing needs of our clients and creatively adapt our services to address them.
• Deliver Results: We are committed to providing client satisfaction.
• Relations with Authorities: We deal with all regulatory bodies openly and cooperatively.

Mkhonto has business relationships with large clients and Tier 1 banking liquidity providers, ensuring that spreads for its CFD trading products are competitive. For users of its vanilla platform services, an additional benefit is that this firm does not charge for implementation or maintenance.Details for the back-office services of Mkhonto follow on its "Our Solutions" page. The firm focuses on two individual solution sets:

• Liquidity Provider Hub: The firm offers access to Tier 1 liquidity providers across several financial markets. Staff, however, can tailor a solution to fit your specific needs at no cost.
• White-Label Solutions: Do you want to outsource technical operating issues to an experienced provider of back-office trading platform services? This solution set is designed for this possibility. MT4 and MT5 products provide desktop, web, and mobile access for your trading customers.

Mobile Trading App

MT4 and MT5 both support mobile trading for the on-the-go trader.The management team touts its broad wealth of experience in financial markets as one of the firm's main selling points. The staff includes a host of experts in market research, navigation, and trade execution.The firm is committed to clear communications with its clients. It has also taken measures to ensure client privacy and the confidentiality of all correspondences.