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Rating Index

Pros

Low minimum deposit requirement of $1, making it accessible for new traders.

Offers a variety of trading instruments including forex, cryptocurrencies, and commodities.

Supports the use of the popular MetaTrader 5 platform for both desktop and mobile trading.

Cons

Unregulated broker, posing significant risks to investor funds and safety.

Negative reputation with numerous complaints and warnings from regulatory bodies.

Lack of transparency regarding company ownership and actual location, raising concerns about trustworthiness.

M-boxes broker Accounts

MBoxes Account Type

MBoxes, also known as m-boxes.com, offers a limited account structure for its users. Currently, MBoxes does not provide different types of accounts; all users operate under a single account type. This account allows access to a range of trading instruments, including over 10 forex currency pairs, cryptocurrencies, commodities, and CFDs. The trading platform used is MetaTrader 5 (MT5), which is available for both PC and mobile devices.

MBoxes Broker Account Opening Process

Opening an account with MBoxes is straightforward but should be approached with caution due to the broker's unregulated status. Here are the steps to open an account:

Visit the Website: Go to the MBoxes website at m-boxes.com.
Registration: Click on the “Open an Account” button, where you will need to provide your mobile number and other personal details.
Verification: Complete the KYC (Know Your Customer) process by submitting necessary identification documents such as a government-issued ID and proof of address.
Funding the Account: Once your account is set up, you can fund it using various methods, including cryptocurrencies like Bitcoin or Ethereum.
Start Trading: After the account is funded, you can start trading on the MBoxes platform.

Please note that due to the lack of regulation and numerous negative reviews, it is advisable to exercise extreme caution when considering trading with MBoxes.