mBank Forex Broker

mBank Review SummaryFounded2013Registered Country/RegionPolandRegulationUnregulatedMarket InstrumentsForex, Indices, CommoditiesDemo Account/LeverageUp to 1:30SpreadFrom 0.2 pipsTrading PlatformMT4, mForex WebMin DepositPLN 2,000Customer SupportTel: 22 697 47 74Email: mforex@mbank.plSocial Media: Facebook, Twitter, YouTubeCompany Address: ul. Prosta 18 00-850 Warsaw Founded in 2013, mBank is an unregulated broker registered in Poland, offering trading in Forex, Indices, and Commodities with leverage up to 1:30 and spread from 0.2 pips via the MT4 and mForex Web platforms.Pros and ConsProsConsTight spreadsNo regulationMT4 supportedLimited tradable assetsConservative leveargeCommission chargedHigh minimum depositUnknown payment optionsIs mBank Legit? No, mBank currently has no valid regulations. Please be aware of the risk!What Can I Trade on mBank?Trading AssetAvailableforex✔indices✔commodities✔stocks ❌cryptocurrencies❌bonds❌options❌ETFs❌Account Type/Leverage/Fees Standard and VIP are the two account types that mForex offers. The activation fee for both accounts is PLN 2,000, or roughly 430 USD, which is seen as a large amount.Account TypeStandardVIPActivation PaymentMin. PLN 2,000 for individuals, PLN 10,000 for companiesLeverageUp to 1:30 (for retail customers)SpreadFrom 0.2 pipsCommission0.0039%0.0027%Trading Platform In addition to MT4, mBank also offers a mForex Web platform which is said to be available from a web browser, allows for easy and efficient adjustment of the chart appearance, the quick placing of orders, and the built-in calculator optimizes the investment process.Trading PlatformSupported Available Devices Suitable for mForex✔Web/MT4✔Desktop, Mobile, WebBeginnersMT5❌/Experienced traders