MB Group Forex Broker

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.