MFM is the sales trading operation in the Mako Group of companies. It is regulated by the FSA. MFM is permitted to act for eligible counterparties and professional clients, it cannot act on behalf of retail clients. As part of our regulatory responsibilities we are required to undertake Know Your Client (‘KYC’) checks on all our clients. Once these checks have been completed, we will forward MFM’s terms of business based on your classification and a give-up agreement. A give-up agreement is an agreement between MFM, as executing broker, its client and its client's Clearing Broker and covers all exchange listed futures and options trading

For more detailed legal/compliance information please email enquiries@makoglobal.com

FAQs

How does it work when I trade with MFM?

Before your first trade, MFM will have been sending you daily information and trade ideas, and will be in regular contact with you regarding market events and developments. If you know exactly what you would like to trade, you simply call us to quote the strategy. We speak to market maker companies and give you a two-way price in the size that you need, either straight or against futures/stock as you wish. If you agree to do the trade, MFM will then execute on your behalf on the relevant exchange. The options and futures/stock are given up to your account at your clearing firm by MFM. MFM are also able to discuss trading ideas with you, and advise on fine-tuning a strategy to suit your needs. Details of our order execution policy can be found at www.mfmarkets.com/services/mifid/.

Is MFM financially secure?

MFM is subject to close scrutiny by the regulators and clearing banks and is required to provide disclosure regarding its financial position. The regulator and clearing banks conduct regular reviews based on audited accounts and other financial information supplied by MFM. MFM is audited by Ernst & Young and regulated by the Financial Services Authority (‘FSA’). MFM is part of the Mako Group of companies. In 2007 Close Brothers became a stakeholder in Mako.

What is my exposure to Mako Financial Markets when I trade on exchange?

When MFM executes trades on your behalf, your side of the trade is passed back to your clearers. You are not left with any counterparty risk or exposure to MFM, as the exchange’s clearing house sits centrally between all counterparties involved; hence the exchange’s clearing house is essentially the counterparty to both sides of the trade. As MFM is charged for unallocated trades by its clearer, it is in MFM’s interest to make sure that trades do not sit on its book. MFM ensures that all trades are taken up promptly by your clearer.