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MB Group Forex broker specializes in providing foreign exchange trading services, the company's official website https://h5.mggroup.c..., the company's legitimate regulatory information AustraliaASICFinancial Service, VanuatuVFSCRetail Forex License to enhance the security of the company's address

MB Group Forex Broker

Basic Information

Registered Region
United States
Operating Period
--
Company Name
MB Group Limited
Abbreviation
MB Group
Company employee
--
Customer Service Email Address
mggroup@mbgroupfx.cc
Company Website
Keywords
1-2 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

MB Group Information MB Group, founded in January 2024, is a retail financial service provider offering CFD trading on over 250 instruments like forex, indices, commodities, and energies. While it offers low fees, MT4 platform options, and languages support, a major red flag is the lack of verification from any regulatory bodies like ASIC & VSFC, this increase the risk of trading.Pros and Cons Pros Cons Over 250 tradable instrumentsRegulation status is “Exceeded” Provide the minimum spread and commission start from 0.Only offers email support, with no phone or live chat options. Provide both MT4 Desktop and a mobile app for convenient trading.lack of a physical address makes it difficult to verify the legitimacy High leverage up to 1:500Is MB Group Legit? MB Group is not regulated by any regulatory authorities. Although they claim to be operated by MB Group Limited and regulated by the Australian Securities and Investments Commission (ASIC) with number 296805 and the Vanuatu Financial Services Commission (VSFC), Company with number 700455, its regulatory information cannot be found on the websites of ASIC and VSFC.What Can I Trade on MB Group? MB Group is a retail financial service provider that provides over 250 trading instruments to trade from, including CFDs for currency pairs, energies, commodities and indices. Tradable Instruments Supported Forex✔ Indices✔ Shares❌ Energies✔ Commodities✔ ETFs❌ Crypto❌ Bonds❌ Futures❌Account Type MB Group offers two account types: Standard and ECN. Both accounts provide a secure trading environment with fast execution. They also provide free demo account. The Standard Account is commission-free but has a minimum spread from 1 pips, while the ECN Account offers tighter spreads starting from 0.0 pips but incurs a commission per round trade. Both accounts require a minimum deposit of $200 and have leverage up to 1:500, providing traders with flexibility in their trading strategies.MB Group Fees The trading fees of MB Group are lower than the industry standard. Trading Fees MB Group offers commission-free Standard Accounts with minimum spreads from 1 pips. ECN Accounts have tighter spreads starting from 0.0 pips but needs a commission per round trade.Trading Platform Trading PlatformSupported Available Devices Suitable for which type of traders MT4 Desktop version✔ Access to over 250 trading instrumentsUltra-fast executionsSupport the use of Expert Advisors (EA)Built-in thousands of indicators for market analysisEasy-to-customise chartsSimplicity layout to make trade easierTraders prioritize advanced technical analysis, automated trading, and customization. MB Group mobile app✔ View real-time pricing & executiOpen & close positions anytimePlace buy/sell ordersView trading history9 types of time-frames from a minute to a monthAccess over 30+ popular technical indicators24 analytical charting toolsTraders value convenience and on-the-go tradingDeposit and Withdrawal The minimum deposit to start trading with MB Group is $200. Deposit Options Deposit Options Min. DepositFees Processing Time BANK WIRE TRANSFER$200\Order execution speed <20ms Credit or debit card$200\Order execution speed <20ms Cryptocurrency$200\Order execution speed <20ms Withdrawal Options Withdrawal Options Min. Withdrawal Fees Processing Time BANK WIRE TRANSFER$0\Order execution speed <20ms Credit or debit card$0\Order execution speed <20ms Cryptocurrency$0\Order execution speed <20msCustomer Service MB Group's customer service options are quite limited. You can only reach them via email, and there's no way to get immediate support. This is a concern for traders. Contact Options Details PhoneNone Emailmggroup@mbgroupfx.cc Support Ticket SystemNone Online ChatNone Social MediaNone Supported LanguageEnglish, Chinese, Japanese, Korean, German, French, Russian, Portuguese, Italian, Thai, and Vietnamese. Website LanguageEnglish, Chinese, Japanese, Korean, German, French, Russian, Portuguese, Italian, Thai, and Vietnamese. Physical AddressNone Contact FormNoneThe Bottom Line MB Group is a new company that provides more than 250 tradeable tools through a user-friendly platform, with zero starting spreads and commissions. However, unregulated can be an important warning, particularly considering that their customer service is only available via email. Experienced traders who seek diverse trading instruments with low fees will find MB Group appealing, but only after accepting regulatory issues.FAQs Is MB Group a safe broker? No, MB Group is a relatively new company and is not regulated by any major financial agencies, using it carries some risk. Who is MB Group a good fit for? Due to the lack of regulation and limited customer support, MB Group might not be the best choice for beginners who need more protection and readily available assistance. Is MB Group good for day trading? MB Group isn't the best choice for day trading. They provide limited customer service, and intraday traders usually need immediate help.

Rating Index

ECN ACCOUNT

Minimum Deposit
$200

STANDARD ACCOUNT

Minimum Deposit
$200
How to login to MB Group?
mb group Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a mb group Account Registering for an mb group account is the first step towards accessing a wide range of trading services and financial products. Below are the

  

MB Group Forex Broker - Complete Information Guide

  

1. Broker Overview

  MB Group, officially known as MB Trading Futures Inc., was established in 1999 and is headquartered in El Segundo, California, United States. The company operates as a privately held entity, focusing on providing a wide range of trading services primarily in the foreign exchange market. Over the years, MB Group has developed a reputation for its commitment to delivering high-quality trading solutions to its diverse clientele, which includes both retail traders and institutional investors.

  Since its inception, MB Group has achieved several significant milestones. It has maintained regulatory compliance with key financial authorities, ensuring a secure trading environment for its clients. The broker has also expanded its offerings to include various asset classes beyond forex, such as commodities, indices, and CFDs. Recently, MB Group has been recognized for its innovative trading platforms and competitive pricing structures, which cater to the needs of modern traders.

  As a retail forex broker, MB Group employs an Electronic Communications Network (ECN) model, allowing for direct market access and facilitating efficient trade execution. This business model not only enhances transparency but also provides clients with the ability to trade at competitive prices with minimal latency.

  In summary, the MB Group broker stands out in the financial services industry for its robust trading infrastructure, regulatory compliance, and commitment to client satisfaction.

  

2. Regulatory and Compliance Information

  MB Group operates under the oversight of several prominent regulatory bodies, ensuring that it adheres to strict financial standards. The main regulatory authorities include:

  • CFTC (Commodity Futures Trading Commission)
  • FINRA (Financial Industry Regulatory Authority)
  • NFA (National Futures Association)

  Each of these regulators plays a crucial role in safeguarding the interests of traders by enforcing compliance with industry regulations. The regulatory license numbers and specific details regarding the scope of these licenses can be obtained directly from the respective regulatory bodies.

  The company's regulatory licenses are valid for a wide range of trading activities, covering forex, commodities, and CFDs. MB Group ensures that client funds are kept in segregated accounts, separate from the company's operational funds, providing an additional layer of security for investors.

  Moreover, the broker participates in investor compensation schemes, enhancing the protection offered to clients in the event of insolvency. MB Group employs comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure compliance with international financial regulations, thereby promoting a secure trading environment.

  This commitment to regulatory compliance reinforces the trust and confidence that clients place in the MB Group broker.

  

3. Trading Products and Services

  MB Group offers a diverse array of trading products, catering to various investment strategies and preferences. The broker provides access to numerous forex currency pairs, including major, minor, and exotic pairs, ensuring that traders can find suitable options for their trading needs.

  In addition to forex, MB Group offers a comprehensive selection of CFD products, which include:

  • Indices: Major global indices such as the S&P 500, NASDAQ, and FTSE 100.
  • Commodities: Precious metals like gold and silver, as well as energy products such as crude oil.
  • Stocks: A variety of shares from leading companies across different sectors.
  • Cryptocurrencies: Digital currencies such as Bitcoin and Ethereum, allowing traders to diversify their portfolios.

  MB Group is committed to regularly updating its product offerings, ensuring that clients have access to the latest instruments in the market. This adaptability allows the broker to meet the evolving needs of its clients effectively.

  The broker also provides specialized services for retail traders, including educational resources, market analysis, and trading tools designed to enhance the trading experience. For institutional clients, MB Group offers tailored solutions, including white-label services and asset management options, further solidifying its position as a versatile trading partner.

  In conclusion, the MB Group broker excels in providing a wide range of trading products and services, making it a suitable choice for both individual and institutional traders.

  

4. Trading Platforms and Technology

  MB Group supports several advanced trading platforms, catering to the diverse needs of its client base. The broker prominently features MetaTrader 4 (MT4), one of the most popular trading platforms globally, known for its user-friendly interface and robust functionality. Additionally, MB Group has integrated MetaTrader 5 (MT5), offering enhanced features for traders seeking more sophisticated trading tools.

  For clients preferring proprietary solutions, MB Group provides its own custom trading platform, designed to deliver a seamless trading experience. This platform is accessible via web browsers and offers features such as advanced charting tools, real-time market data, and customizable layouts.

  Mobile trading is supported through dedicated applications for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go. The mobile platform mirrors the capabilities of the desktop version, ensuring that clients have access to essential trading functions no matter where they are.

  MB Group operates on an ECN model, which facilitates direct market access and ensures rapid order execution. The broker's infrastructure is supported by low-latency data servers located in strategic financial hubs, providing clients with optimal trading conditions. Furthermore, API access is available for automated trading, allowing tech-savvy traders to implement their strategies using algorithmic trading systems.

  Overall, the technological offerings of the MB Group broker are designed to enhance the trading experience, making it a preferred choice for both novice and experienced traders.

  

5. Account Types and Trading Conditions

  MB Group offers a variety of account types tailored to meet the needs of different traders. The standard account requires a minimum deposit of $400, with competitive spreads ranging from 1 to 3 pips. The broker employs a transparent commission structure, ensuring that traders are aware of all costs associated with their trades.

  In addition to standard accounts, MB Group provides advanced account options for high-volume traders, including VIP and professional accounts. These accounts typically offer lower spreads and enhanced trading conditions, catering to the needs of frequent traders.

  For clients adhering to Islamic finance principles, MB Group offers Islamic accounts, which are swap-free, ensuring compliance with Sharia law. The broker also provides corporate accounts for businesses looking to engage in forex trading.

  MB Group features a demo account option, allowing new traders to practice their strategies without financial risk. This account type is an excellent resource for those looking to familiarize themselves with the trading platform and market dynamics.

  Leverage options at MB Group vary by account type and trading product, with maximum leverage reaching up to 1:100. The broker's minimum trade size is typically set at 0.01 lots, accommodating both small and large traders.

  Overnight fees, known as swap rates, are applied to positions held beyond the trading day, and these rates are clearly outlined in the broker's fee schedule.

  In summary, the MB Group broker offers a comprehensive range of account types and favorable trading conditions, making it accessible to a broad spectrum of traders.

  

6. Fund Management

  MB Group supports a variety of deposit methods to facilitate easy funding of trading accounts. Clients can deposit funds via:

  • Bank wire transfers
  • Credit and debit cards
  • Electronic wallets

  The minimum deposit requirement varies by account type, with standard accounts starting at $400. Deposits are typically processed quickly, often within 24 hours, depending on the method used.

  In terms of fees, MB Group does not charge for deposits made through bank transfers, while credit card deposits may incur a small processing fee. Withdrawals can be made using the same methods as deposits, ensuring convenience for clients.

  Withdrawal processing times generally range from 1 to 3 business days, depending on the chosen withdrawal method. MB Group is committed to maintaining a transparent fee structure, and any applicable withdrawal fees are clearly communicated to clients.

  The broker implements strict security measures to safeguard client funds, including the use of segregated accounts to protect against operational risks. This ensures that clients' funds are secure while trading with MB Group.

  Overall, the MB Group broker demonstrates a strong commitment to efficient fund management, providing clients with a reliable and secure trading environment.

  

7. Customer Support and Educational Resources

  MB Group prides itself on offering exceptional customer support to its clients. The broker provides multiple channels for assistance, including:

  • Phone support
  • Email support
  • Live chat
  • Social media

  Customer service is available 24/5, covering major trading hours and ensuring that clients can receive assistance when needed. Support is offered in multiple languages, including English, Spanish, and Chinese, catering to a diverse clientele.

  In addition to customer support, MB Group provides a wealth of educational resources to help traders enhance their skills and knowledge. These resources include:

  • Webinars on various trading topics
  • Tutorials and guides for using the trading platform
  • E-books covering fundamental and technical analysis
  • Market analysis services, including daily updates and research reports

  The broker also offers a range of trading tools, such as calculators and economic calendars, to assist clients in making informed trading decisions.

  Through its commitment to education and support, the MB Group broker aims to empower traders to succeed in the competitive financial markets.

  

8. Regional Coverage and Restrictions

  MB Group primarily serves clients in the United States, providing localized services tailored to meet the regulatory requirements of the region. The broker has established regional offices to enhance its service delivery and cater to the needs of its clients effectively.

  However, there are certain countries and regions from which MB Group does not accept clients. These restrictions are typically due to regulatory compliance and legal considerations, ensuring that the broker adheres to international standards.

  While the broker is focused on the U.S. market, it is crucial for potential clients to verify their eligibility based on their country of residence before opening an account. Detailed information regarding geographical restrictions is available on the broker's official website.

  In conclusion, the MB Group broker is well-positioned to serve the needs of U.S. traders while maintaining compliance with regulatory requirements, ensuring a secure and reliable trading environment.

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Latest Reviews

FX2246620349

FX2246620349

Singapore

This is a reliable platform and withdrawals arrive quickly. I think it is very good to use and large withdrawals arrive quickly.

Positive

2024-11-12

Raúl C.

Raúl C.

Mexico

I invested in the mbgroups platform, and when I requested to withdraw my money, they asked me to pay a 19% fee and then asked me to pay another fee. Even after completing the payments, I still did not receive my money. After several days, the company contacted me, explaining that their agents committed fraud and that they would help us. They sent a statement explaining that we could only withdraw and recover our money with insurance coverage. Supposedly, they should help us in another way. What security or guarantee do I have that this time they will fulfill the payment?

Exposure

2024-07-21

Bryan Aravena

Bryan Aravena

Chile

I already explained this case and today the mb group platform gave us a solution of paying 16,500 USD more to be able to recover my funds and what was previously paid....

Exposure

2024-07-18

MB Group Forex Broker has an overall rating of 1.23, Regulatory Index 0.00, License Index 0.00, Business Index 4.83, Software Index 4.00 Risk Control Index 0.00.