MG Group Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.mibd-gold.com/en/application, the company's legitimate regulatory information Hong KongHKGXType AA License, to enhance the security of the company's address 18F, MG Tower, No.133 Hoi Bun Road, Kwun Tong, Hong Kong（MTR Kwun Tong line: Ngau Tau Kok Station exit B6）.
MG Group Forex Broker
Basic information
Hong Kong
5-10 years Regulated in Hong Kong Type AA License MT4 Full License Regional BrokersCompany Summary
Basic Information & Regulation
MIBD Group is a diversified enterprise with nearly 20 years of history. The Group's business mainly includes real estate development and operation management, property investment and leasing, financial investment services, and consultancy management. In terms of finance, MJF International Fund Limited was established in 2007, and MIBD-Gold has developed into a one-stop global financial supermarket for “gold, stocks, futures, foreign exchange, capital, insurance, banking, and loans” and obtained a Class AA license from the Chinese Gold and Silver Exchange in Hong Kong in 2008 (Membership No. 023), to carry out the business of physical gold recovery, approved delivery of gold bars, foundry, warehousing, spanading of physical gold bars, global distribution and agency for gold and silver coins.
Products & Services
MIBD International Bullion Limited was established in 2007 and acquired its license as a member of the Gold and Silver Exchange Society and Gold Group from RNA Holdings Limited, a former listed company on the Stock Exchange of Hong Kong. After more than a year of negotiation and processing by various authorities, MIBD was successfully approved and acquired the relevant license on August 5, 2008, to become an approved precious metal dealer so as to carry out the business of physical gold recovery, approved the delivery of gold bars casting, foundry casting, warehousing, physical gold bars trading, global distribution and agent of gold and silver coin products of various countries.
Account Types
There is no fee for investors to open an account with MIBD, and there is no minimum capital requirement for new accounts with a zero threshold. MIBD also provides free demo accounts for investors, who can apply for registration through the client installed on PC computers or mobile phones/spants. The demo account and the real account of the same trading platform will use the same software, see the precious metal quotes and carry out exactly the same mode of operation. Demo accounts are not allowed to use the telephone system for trading.
Margin Requirement
The account effective must more than US$3,000 per lot, otherwise the open positions will be locked or setted at the closing prices.
Spreads & Commissions
MIBD offers floating spreads on gold and silver trading, with a commission (open trade) of US$0 to US$50 per lot.
Trading Platforms
MIBD provides traders with the most popular MT4 trading platform in the world. The technical indicators in the trading platform allow analyzing the quotes of the market currency pairs, as well as allowing MQL4 to create and use automated trading strategies. MT4 allows traders to use technical indicators and graphical objects for trading and analyzing the precious metals trading market. Thus, MT4 is one of the best trading platforms for precious metals, supporting multiple platforms. Traders can download MT4 on their iPhone and iPad and trade precious metals anytime, anywhere.
Deposit and Withdrawal
MIBD supports online deposits and withdrawals for traders and generally does not charge a fee for deposits and withdrawals, but a flat fee of $3 will be charged if a client makes a single withdrawal of less than $50.
Customer Support
If clients have any inquiries or trading-related issues can get in touch with MIBD through the following contact channels:
Telephone: +852 3750 8889
Email: cs@mibd-gold.com
Registered Company Address: 18F, MG Tower, No.133 Hoi Bun Road, Kwun Tong, Hong Kong（MTR Kwun Tong line: Ngau Tau Kok Station exit B6）
Pros & Cons
| Cons | |
| CGSE-regulated | Withdrawal less than $50 charging a flat fee of $3 |
| No minimum deposit requirement for new accounts | High margin requirement |
| Demo accounts available | High trading commissions |
| Free deposits and withdrawals | |
| A series of professional services on gold and silver provided | |
| MT4 trading platform |
Frequently Asked Questions
What products and services does MIBD have on offer？
MIBD provides services such as delivery of gold bars casting, foundry casting, warehousing, physical gold bars trading, global distribution and agent of gold and silver coin products of various countries.
What is the minimum depsoit I need to trade with MIBD？
There is no minimum deposit requirement to trade with MIBD.
What trading platform does MIBD offer？
MIBD offers its clients the industry leading MT4 trading platform.
Rating Index
MG Group Similarly Rated Brokers
Latest Reviews
FX1146630020
Taiwan
To be honest I was going to deal with this company, it looked good, but then I saw some people on wikifx saying it was a scam! Even if only one person said it was a scam, I wouldn't trade with it just to be on the safe side...safety first!
Neutral
2022-12-13
God37795
South Africa
A reliable platform to trade gold and silver, I have been using it for many years. Pricing on this platform is quite transparent and its customer support is helpful. I gave it five stars⭐⭐⭐⭐⭐
Positive
2022-11-28
马林
Australia
MIBD does not offer 24/7 customer support, so sometimes I find their responses a bit slow.
Positive
2023-03-03