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

MBFX Broker Review

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MBFX Review 5

Latest All(5) Positive(1) Neutral(3) Exposure(1)
Exposure

They are Big Scammer, don't give withdrawal, wash your accounts in their copy trading service, dont invest with these bantered.

FX1393186538
04-07
Neutral

It offers a broad range of trading options, from Forex to cryptocurrencies. However, my experience has been disappointing due to persistent withdrawal issues. It's been over two weeks, and my funds are still inaccessible...

CUTEE
2024-07-19
Positive
Trustworthy Broker: Seamless Withdrawals, Top Support; Security Upgrade Needed

Professional and honest broker! never have a problem with withdraw funds,support team is excellent as well!, the only concern ther spreads could little bit lower,and ofcourse should be always upgreat the security level against DDoS Attacks! it should always priority! overall you can trust this broker!!!

hold on to
2024-05-29
Neutral

MBFX is an awesome trading broker! They offer tons of trading products with low spreads and high liquidity, which makes it easy to execute trades. Plus, their customer service team is super helpful and always solves any issues I have. I've been trading with them for a while now and I've had a great experience. If you're looking for a trustworthy and diverse trading platform, MBFX is the way to go!

FX1444693992
2023-03-23
Neutral

One thing that they should improve is lack of trading servers and they are slow in terms history download. That’s my advice. Besides, I do hope that they could train their employee more.

Andyliew
2023-02-28

  

Mbfx 2025 Review: Everything You Need to Know

  

Summary

  The overall evaluation of Mbfx as a forex broker is predominantly negative, with numerous red flags regarding its legitimacy and reliability. Key concerns include a lack of regulatory oversight and numerous user complaints about withdrawal difficulties. This review highlights the importance of thorough research before engaging with this broker.

  Note: It is crucial to recognize that Mbfx operates under different entities across regions, which may lead to varying levels of service and regulatory compliance. This review aims to provide a fair and accurate assessment based on available information.

  

Rating Box

Criteria Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  We evaluate brokers based on user feedback, expert analyses, and factual data.

  

Broker Overview

  Founded in 2022, Mbfx is an offshore forex broker that claims to offer a range of trading services, including forex, commodities, and cryptocurrencies. It operates on the MetaTrader 5 (MT5) platform, which is widely recognized in the trading community for its robust features. However, the broker's lack of credible regulatory oversight raises significant concerns about its legitimacy and the safety of client funds.

  

Detailed Section

  

Regulatory Status

  Mbfx operates without any meaningful regulation, which is a major red flag for potential investors. The broker claims to be registered in the UK and adheres to various regulatory bodies, including the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). However, independent verification reveals that Mbfx is not listed with these authorities, indicating a lack of regulatory compliance [source: BrokersView]. The absence of oversight means that clients have little to no recourse in the event of disputes or fund recovery.

  

Deposit/Withdrawal Methods

  Mbfx offers a variety of deposit and withdrawal options, including credit cards, bank transfers, and e-wallets like Neteller and Skrill. However, many users report significant difficulties when attempting to withdraw their funds, often facing excessive delays and unresponsive customer service [source: Forex Peace Army]. This lack of transparency and reliability in the withdrawal process is a common complaint among users, further diminishing trust in the broker.

  

Minimum Deposit

  The minimum deposit required to open an account with Mbfx is reported to be as low as $1, which may seem attractive to new traders. However, this low entry point is overshadowed by the high risks associated with unregulated brokers. Many legitimate brokers require a higher minimum deposit, often providing better services and protections in return.

  

Bonuses/Promotions

  While Mbfx does not prominently advertise any specific bonuses, some reviews indicate that it may offer promotional incentives. However, the legitimacy of these promotions is questionable, as unregulated brokers often use bonuses as a tactic to lock clients into unfavorable trading conditions [source: ScamWatcher]. Therefore, traders should be cautious and read the fine print before accepting any offers.

  

Tradable Asset Classes

  Mbfx claims to offer a wide range of tradable assets, including over 35 currency pairs, commodities like gold and oil, and cryptocurrencies. However, the quality and reliability of these offerings are in question due to the broker's unregulated status. Users should be wary of the potential for market manipulation and the risks associated with trading on an unregulated platform.

  

Costs (Spreads, Fees, Commissions)

  The broker advertises competitive spreads starting from 0.2 pips, but many reviews indicate a lack of transparency regarding additional fees and commissions. Users have reported unexpected costs during withdrawals and trading, which can significantly impact overall profitability. This lack of clarity is a common tactic among unregulated brokers to obscure the true cost of trading [source: Forex Brokerz].

  

Leverage

  Mbfx offers high leverage, reportedly up to 1:400, which can amplify both gains and losses. While high leverage may attract some traders, it also poses significant risks, especially for inexperienced investors. Regulatory bodies often limit leverage to protect traders, making Mbfx's offering particularly concerning given its lack of oversight.

  

Allowed Trading Platforms

  Traders can access the Mbfx platform via the popular MetaTrader 5 (MT5), known for its advanced trading features and user-friendly interface. However, the quality of execution and reliability of the platform remain questionable due to the broker's unregulated status, which raises concerns about potential manipulation [source: BrokersView].

  

Restricted Regions

  Mbfx is reported to operate in various regions, but it does not provide a comprehensive list of restricted countries. Many reviews indicate that the broker may not be accessible in regions with strict regulatory environments, including the United States and several European countries. This lack of clarity can pose risks for international traders.

  

Available Customer Support Languages

  Mbfx offers customer support primarily in English, but users have reported poor communication and slow response times. Many have expressed frustration over the inability to resolve issues quickly, leading to a negative overall experience [source: Personal Reviews].

  

Repeated Rating Box

Criteria Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  

Detailed Breakdown

  •   Account Conditions (3/10): While the low minimum deposit may attract new traders, the lack of regulatory oversight raises significant concerns about fund safety and the quality of service.

  •   Tools and Resources (4/10): The availability of the MT5 platform is a positive aspect, but the overall resource offering is limited and overshadowed by trust issues.

  •   Customer Service and Support (2/10): Users frequently report negative experiences with unresponsive customer service, making it difficult to resolve issues.

  •   Trading Setup (Experience) (3/10): The trading experience is marred by potential risks associated with unregulated trading conditions, despite the use of a well-regarded platform.

  •   Trustworthiness (1/10): The absence of credible regulation and numerous user complaints make Mbfx a risky choice for traders.

  •   User Experience (2/10): Overall user satisfaction is low, with many complaints regarding withdrawals and customer support.

  •   In conclusion, the Mbfx review presents a concerning picture of an unregulated broker with significant risks for potential investors. Traders are strongly advised to conduct thorough research and consider regulated alternatives to safeguard their investments.

MBFX review