Review Is MahiFX Legit Or Scam

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MahiFX Review

Minimum Deposit

Welcome Bonus

US Traders not Allowed

Min Deposit: $1
Min Trade Amount: 0.01 Lots
US Clients:


Bonus: No Bonuses Available.
Leverage: 100:1
Free Demo Account:
Trading Platform: MT4, MahiFX Webtrader, Mobile
Mobile Trading:
Web-Based Trading:
Automated Trading:
Mobile Alerts:
Trailing Stops:
GTD Stop Loss:
Limit Orders:
Guarantee Execution:
OCO Orders:
Charting Package:
Trading Signals:
Market Analysis:
Payment METHOD NAME Charge Time


Full Review

About MahiFX

MahiFX is a New Zealand based forex brokerage brand belonging to MahiFX (NZ) Ltd. MahiFX is regulated by the Australian Securities and Investment Commission (ASIC) with Australian financial services license (AFSL) number: 414198, and NZ financial services provider register (FSPR) number: FSP197465. The company started operations in 2020.

Special Offers and Bonuses

Traders who use MahiFX can only get rewarded through the Refer-a-Friend offer. Apart from this, there are no other promos or bonus schemes.

Types of Trading Accounts

What account types are available on MahiFX? There is basically two types of live accounts which traders can use, which correspond to the types of platforms that the account holder will use.

a) MahiFX account: This is for those who will be using the web-based platform.

b) MahiFX MT4: this is for traders who will be using the MT4 platform.

For both account types, the minimum deposit is $1, and the minimum trade size is 0.01 lots. The maximum leverage is set to 100:1.

MahiFX is unabashedly a market maker. Trading strategies that promote the use of expert advisors and hedging strategies are allowed.

Trading Platform Features

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MahiFX traders can choose to trade on any of these platforms:

a) MetaTrader4: MahiFX offers its clients the chance to trade forex on the enhanced MetaTrader 4 terminal. All account types can be traded on this platform.

b) MahiFX Webtrader: This is an in-house developed web-based platform that traders can access from any computer that has an internet connection.

c) Mobile Platforms: Trading can also be done on the various mobile devices. The platforms used are the MT4 versions of the MahiFX platform, built for the iPhone, iPad and Android devices.

Commissions and Spreads

The commissions and spreads obtainable on MahiFX are spelt out below.

Symbol Ask Bid Spread
AUDCAD 1.01888 1.01866 2.2
AUDCHF 0.85068 0.85046 2.2
AUDJPY 95.788 95.770 1.8
AUDNZD 1.10339 1.10301 3.8
AUDUSD 0.93792 0.93782 1.0
CADCHF 0.83482 0.83460 2.2
CADJPY 94.003 93.986 1.7
CHFJPY 112.585 112.559 2.6
CHFSGD 1.37004 1.36927 7.7
EURAUD 1.42945 1.42921 2.4
EURCAD 1.45659 1.45634 2.5
EURCHF 1.21617 1.21601 1.6
EURDKK 7.45645 7.45635 1.0
EURGBP 0.79174 0.79164 1.0
EURHUF 310.570 309.870 70.0
EURJPY 136.943 136.928 1.5
EURNOK 8.38050 8.37750 30.0
EURNZD 1.57741 1.57694 4.7
EURPLN 4.14720 4.14020 70.0
EURSEK 9.18740 9.18440 30.0
EURSGD 1.66641 1.66564 7.7
EURTRY 2.83483 2.83137 34.6
EURUSD 1.34085 1.34077 0.8
EURZAR 14.21514 14.20356 115.8
GBPAUD 1.80533 1.80497 3.6
GBPCAD 1.83960 1.83922 3.8
GBPCHF 1.53591 1.53553 3.8
GBPJPY 172.947 172.917 3.0
GBPNOK 10.58327 10.57785 54.2
GBPNZD 1.99219 1.99153 6.6
GBPSGD 2.10459 2.10354 10.5
GBPUSD 1.69343 1.69327 1.6
MXNJPY 7.814 7.811 0.3
NOKJPY 16.334 16.326 0.8
NZDCAD 0.92319 0.92287 3.2
NZDCHF 0.77078 0.77048 3.0
NZDJPY 86.792 86.765 2.7
NZDUSD 0.84983 0.84963 2.0
SGDJPY 82.143 82.104 3.9
TRYJPY 48.250 48.190 6.0
USDCAD 1.08630 1.08620 1.0
USDCHF 0.90698 0.90684 1.4
USDDKK 5.56066 5.56026 4.0
USDHKD 7.74980 7.74930 5.0
USDHUF 231.608 231.072 53.6
USDJPY 102.128 102.120 0.8
USDMXN 13.067 12.717 35.0
USDNOK 6.24977 6.24716 26.1
USDPLN 3.09278 3.08738 54.0
USDSEK 6.85152 6.84888 26.4
USDSGD 1.24280 1.24230 5.0
USDTRY 2.11380 2.11160 22.0
USDZAR 10.60159 10.59359 80.0
XAGUSD 20.500 20.460 4.0
XAUUSD 1297.280 1296.880 40.0
ZARJPY 9.626 9.618 0.8

Charting Packages

Charts on MahiFX are available on the respective platforms (MT4 and in-house web-based platforms). In addition, there is a new feature on the MahiFX platform known as the MFX Compass.

MFX Compass is a comprehensive suite of various solutions that allow its institutional clients to start and run an e-FX business. The suite includes a variety of components that allow the following:

– optimization of forex pricing;

– top-quality analysis of risk;

– real-time data analytics;

– full system administration;

– visualization of trades.

Education and Demo Accounts

MahiFX has a number of educational and trading materials on their site. These include:

a) A comprehensive forex glossary.

b) Online forex video lessons

c) A Frequently Asked Questions (FAQ) section

d) There is also a trading blog in which no topics in forex are considered off limits.

Customer Service

MahiFX customer support is available using the following means of communication:

a) Phone: +44 203 397 1825

e) Live chat support service

f) Online email form

g) Physical Address: 7/77 Gloucester Street, Christchurch 8013, New Zealand.

Deposits and Withdrawals

Deposits and withdrawals can be made on MahiFX as follows:

a) Credit Cards: VISA and MasterCard are methods of conducting credit/debit transactions.

b) Bank wires are also used for depositing and withdrawing funds.

Deposit Limits

There are no minimum or maximum deposit requirements for the bank wire method. For the credit card method, there is also no minimum deposit requirement, but the maximum deposit requirement is 15,000 units of the account currency with a maximum monthly total of 45,000 units of currency. Deposit fees of 2.5% of account deposit will apply for card deposits. There are no deposit fees on bank wires. Card deposits are instant, while bank transfers take 3-5 working days.

Withdrawal Limits

The maximum withdrawal limit is 25,000 units of currency and a monthly limit of 75,000 units. The withdrawal processing time is 3-5 days. Card withdrawal fee is $5 while that for bank wires is $15. Card withdrawals must be preceded by verification of the credit card ownership.


MahiFX provides only for those traders who can partake of market maker trading conditions. In addition, there is just a basic level of forex education content. Everything about trading on MahiFX is basic, so for traders who just want the most important stuff without all the clutter from the extra stuff, this is the platform to use.

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Remotasks Review | Legit Or Scam? Is it Worth Trying?

By: sudhir sheoran | Last Updated : March 15, 2020 | 7 Comments

Remotasks(ScaleAPI) operated by Scale Labs Inc. is a micro jobs website and a great alternative to Microworkers, Mturk and Picoworkers etc. Almost all micro jobs websites work on same principle – They provide platform for employers and workers where employers post tasks and workers complete those tasks to get paid. Remotasks is one such platform which provides various tasks such as moderating content, transcribing audios, image tagging, annotation jobs etc any worker can complete and get paid. Remotasks is new but reliable and professional.

Let’s get the answers of some common questions about Remotasks, you might be looking for –

  • What is Remotasks and How it Works?
  • Is it paying or just another Scam?
  • How to Make money on Remotasks?
  • How much one can earn from Remotasks in a Month?
  • How to Withdraw Money From
  • Remotasks Payment Proof
  • Pros and Cons of Remotasks

What is Remotasks and How it Works?

Remotasks is a micro jobs website started by Scale Labs, Inc. It offers a variety of tasks and people who complete tasks are called Taskers. Tasks are provided by their clients which are small startups and public companies such as self driving car companies. This is how it works –

  • Signing up – You must have a Facebook account in order to complete registration on Remotasks. Go to and Sign up.
  • Taking Exams -Once you have completed registration, click on ‘Exams’ in the dashboard. There are tons of exams you can complete and make yourself eligible for tasks in wide categories. Some exams that unlock high paying tasks are video box annotation, polygon attributes, segment annotation and image recognition-cuboids exams. More exams you pass, more tasks you will see in the dashboard.
  • Completing Tasks – When you successfully pass an exam in a specific category, you unlock tasks in that category. Click on a task, follow instructions and complete. Never attempt a task you can not complete because accuracy is crucial on this platform and you might get disabled on a category if you consistently make mistakes.
  • Getting Paid – Luckily you don’t have to care about payment. If your Paypal email is there in the payment setting, you will keep getting payment automatically. You don’t need to apply for withdrawal manually. Payments are made every week.

Is Remotasks Legitimate or Just Another Scam?

Remotasks is undoubtedly a genuine website. It is operated by Scale Labs, Inc. which provides various solutions to Self Driving Car and Robotics companies. Some of their clients include Uber, Google Alphabet, Procter and Gusto. They have a lot of good clients and investors, they offers a wide variety of sensible tasks that need human intervention and get paid from their clients. Taskers like us complete the tasks and it really helps companies. It all make sense. Apart from sustainable business model, I have never heard a single complaint regarding payout. It’s a serious business. And this is one reason why remotasks takes accuracy and quality very seriously and taskers have to go through various tests and tutorials before they can attempt real tasks.

How to Make money on Remotasks?

Unlike other microjobs website like microworkers and mturk, Remotasks offers completely different types of tasks. Depending upon exams/tutorials you have passed, you will have following kind of tasks in your remotasks dashboard-

  • Categorization – For an example, categorising different websites according to what service they offer such as Bookkeeping, Personal Service, Property dealers etc. Or categorizing different objects such as Shirts, Jackets etc Or Moderating content
  • Image Annotation – These tasks include drawing a line around an object in an image. Most of the time they ask to draw lines around vehicles on the road. Or Image Tagging
  • Image/Audio Transcription – It involves typing what is written in the image or what the person in audio saying.
  • Comparison – Comparing different objects shown in the image. This vs That selection jobs.
  • Data Collection – Browsing web and collecting different information.

If you never want to run out of tasks, try to complete more and more exams/tutorials in different categories.

How Much One Can Earn On Remotasks?

This depends upon a lot of factors. Payout of a task depends upon the difficulty level of the task. If you work fast with high quality, you can make $1.5 per hour. Tasks with little errors get partial payout and no money will be paid for incorrect submissions. People with average skills make $30-$50 per month working a few hours per week. One who can pass a lot of exams will have a lot of tasks to do might make more money. Lidar, Segmentation, Reviews, Cuboid tasks are generally high paying tasks.

How to Withdraw Money from Remotasks?

Remotasks makes payment via PayPal on Friday every week. The good thing is that you don’t need to have a minimum withdrawal amount. Whatever you have earned during the week will be sent to your PayPal account on Friday morning. The only available payment mode is PayPal for now. They hardly delay the payments.

Just make sure you have updated your Paypal email on the account page of Remotasks. You don’t need to manually apply for withdrawal. It’s an automated process.

Remotasks Payment Proof

Remotasks has reliable payment system. Here is screenshot of last payment I received from Remotasks(scaleapi) –

Pros and Cons of Remotasks


  • Remotasks is highly professional. They always make payment on time.
  • No minimum withdrawal limits
  • Weekly payment via popular payment mode PayPal
  • High Payout per task
  • $10 Bonus if you hit a milestone of $10 with in 2 weeks from joining date


  • Tough Exams needs to be passed before you can have tasks available to do.
  • They take accuracy very seriously. Your account can be suspended if you make critical mistakes too often.
  • Difficult tasks
  • You don’t have lot of tasks at least until you complete a lot of assessment tests

So we can see Remotasks is a good alternative of Microworkers, Mturk and other similar websites.

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About sudhir sheoran

After graduating from university with a degree in Printing Technology, Sudhir Sheoran quickly got his feet wet in the blogging world. He decided to take his passion to the next level and founded INCOMOPEDIA. He loves writing about Printing Industry, Blogging, Make Money Online Opportunities and Everything Else that fascinates him.


Yes, remotask is a very helpful website. Thanks for sharing this beautiful and informative article.

Best Binary Options Brokers 2020:

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!


    Perfect For Experienced Traders!

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