Search

MB Coalition Forex Broker provides real users with 1 positive reviews, 3 neutral reviews and 3 exposure review!

MB Coalition Broker Review

1.55

WikiFX monitor

Business

Influence E

License

No license

MB Coalition Review 7

Latest All(7) Positive(1) Neutral(3) Exposure(3)
Neutral
Market Diversity Tempts, but Unregulated Platform Deters: Trader's Trust Wavers

I find the variety of available markets appealing, and the use of a familiar trading platform like MT5 is commendable. Yet, the glaring lack of regulation is concerning for me. Knowing that my capital won't be overseen by regulatory entities, puts me on the edge about the safety of my investments. With the limited information made available and without a specified, reliable support system, it doesn’t create strong confidence in me to participate in trading with them.

Clementine
2023-12-07
Neutral
MB Coalition: Unregulated Broker Raises Red Flags for Investors

While I appreciate the diverse range of markets that MB Coalition offers and the advanced MT5 platform they use, I am quite apprehensive about this broker's absence of valid regulation. It's certainly a considerable risk, making me question the safety of my investments. There is also a level of uncertainty stemming from the limited information available about the broker and its trading conditions. As such, it’s difficult for me to confidently engage in trading activities with MB Coalition.

Clarabelle
2023-12-06
Exposure
My account has been locked so I can't withdraw money.

This time, even though I entered the necessary information on the wizard screen, I was unable to complete the withdrawal procedure at all. They locked customer service and ended up not being able to log in. I hope no one would be affected by this coalition. Please research thoroughly before making an investment.

にしやまさん
2023-10-09
Exposure
I can't withdraw my money.

I am withdrawing USDT and received these withdrawal instructions back. Dear Customer, Since you frequently change your address, the system considers you to be a money launderer. To ensure the safety of your account, you are required to deposit US$1,000 to prove that your account is operated by you. Withdraw funds. Dear Sir or Madam, I cannot help you. You will need to deposit US$1,000 before you can withdraw your funds. If you have no other questions, I wish you a happy life.

にしやまさん
2023-10-09
Exposure
This is a scam app

It is impossible to withdraw money at all. Normal withdrawal will not be approved. Forcibly freeze the account, if you want to unfreeze, you have to deposit half of the amount. This is a liar at all. If you don't make a deposit, it will be permanently frozen for seven days. Don't be fooled, everyone! ! !

Cyy1926
2023-08-24
Neutral

My experience with MB Coalition has been disappointing, to say the least. The lack of valid regulation is a major concern for me. It makes me question the reliability and security of the platform. Additionally, the company does not provide sufficient information about their deposit and withdrawal methods, which creates uncertainty and inconvenience for users. The educational resources are also quite limited, making it challenging for beginners to learn and improve their trading skills. Overall, I believe there are better options out there with stronger regulations and more transparent practices.

FX1504382889
2023-06-27
Positive

I've been trading with MB Coalition for a while now, and I must say it's been an incredible experience. The platform offers a wide range of trading options, including cryptocurrencies and various contracts. The MetaTrader5 (MT5) platform is user-friendly and packed with advanced features that make trading a breeze. The customer support team is responsive and always ready to assist. Overall, MB Coalition has exceeded my expectations, and I highly recommend it to fellow traders.

FX1504029484
2023-06-27

  

MB Coalition 2025 Review: Everything You Need to Know

  The MB Coalition has garnered significant attention since its inception, but the reviews indicate a predominantly negative perception among users and experts alike. This unregulated broker, operating primarily in the cryptocurrency space, raises several red flags regarding its legitimacy and user safety. Key concerns include a lack of transparency in its operations and user experiences that highlight potential risks.

  Note: The absence of regulatory oversight is a critical factor affecting the safety of traders' funds. Users are advised to exercise caution and conduct thorough research before engaging with the platform.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 2
User Experience 3

  We rate brokers based on user feedback, expert analysis, and available data.

  

Broker Overview

  Founded in 2023, MB Coalition is a relatively new player in the forex and cryptocurrency trading market. The broker operates through its website, which offers access to the MT5 trading platform. However, it is important to note that MB Coalition lacks valid regulatory oversight, which is a significant concern for potential traders. The platform claims to offer various trading instruments, primarily focusing on cryptocurrencies, but specifics remain vague.

  

Detailed Information

  

Regulated Areas/Regions

  MB Coalition is currently unregulated, which means it does not adhere to any recognized financial authority's standards. This lack of regulation poses a higher risk to users, as their funds are not protected under any compensation schemes.

  

Deposit/Withdrawal Currencies/Cryptocurrencies

  The platform does not provide clear information regarding the currencies accepted for deposits and withdrawals. Given the lack of transparency, users may face difficulties when attempting to manage their funds.

  

Minimum Deposit

  The minimum deposit requirement is not explicitly stated on the platform, which raises concerns about hidden costs or unexpected fees.

  

Bonuses/Promotions

  There are no clear details regarding bonuses or promotional offers, which is often a tactic used by unregulated brokers to encourage deposits. As such, potential clients should be cautious of any offers that seem too good to be true.

  

Tradable Asset Classes

  MB Coalition primarily focuses on cryptocurrencies, including Bitcoin and other altcoins. However, the lack of clarity regarding available trading pairs and asset categories makes it difficult for users to assess their trading options fully.

  

Costs (Spreads, Fees, Commissions)

  The absence of transparent information about spreads, fees, and commissions is alarming. Without this information, users may encounter unexpected costs that could significantly impact their trading experience.

  

Leverage

  Details on leverage offered by MB Coalition are not readily available, which is another indicator of the broker's lack of transparency. High leverage can amplify both profits and losses, and without clear information, traders may find themselves in risky situations.

  

Allowed Trading Platforms

  MB Coalition claims to support the MT5 platform, which is popular among traders for its advanced features. However, the lack of availability of a demo account raises concerns about the broker's intentions.

  

Restricted Areas

  The website does not provide information on restricted regions, which could lead to complications for users from certain jurisdictions.

  

Available Customer Service Languages

  Customer support appears limited, with only email support available. This lack of accessible customer service options can be frustrating for users seeking assistance.

  

Ratings Recap

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 2
User Experience 3

  

Detailed Breakdown

  •   Account Conditions (3/10): The lack of clarity regarding minimum deposits and account types is concerning. Users have reported that the broker does not provide sufficient information, leading to confusion.

  •   Tools and Resources (4/10): While the MT5 platform is a positive aspect, the absence of a demo account limits users' ability to practice and familiarize themselves with the platform before trading real funds.

  •   Customer Service and Support (2/10): Limited to email support, the customer service experience has been reported as unsatisfactory by users, with delays in responses and a lack of helpful information.

  •   Trading Setup (Experience) (3/10): Users have expressed frustration with the overall trading experience, citing issues with transparency and a lack of available trading pairs.

  •   Trustworthiness (2/10): The absence of regulation and unclear operational practices raise significant red flags. Users are advised to be cautious when considering this broker.

  •   User Experience (3/10): Overall user experiences have been negative, with many expressing concerns about the broker's legitimacy and the safety of their funds.

  •   In conclusion, the MB Coalition review reveals a broker fraught with potential risks and uncertainties. The lack of regulation, transparency, and adequate customer support are significant drawbacks that potential traders should consider before engaging with this platform. It is highly recommended to explore more reputable and regulated alternatives for trading in the forex and cryptocurrency markets.

MB Coalition review