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MB Group
United States|Within 1 year| https://www.mbgroups.cc/
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MB Group Limited
MB Group
United States
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The AustraliaASIC regulation (license number: 296805) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The VanuatuVFSC regulation (license number: 700455) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The Vanuatu VFSC regulation with license number: 700455 is an offshore regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $200 |
| Minimum Spread | From 0.0 |
| Products | 250+ Currency pairs, Indices, Commodities, Share CFDs |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $6 |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $200 |
| Minimum Spread | From 1 |
| Products | 250+ Currency pairs, Indices, Commodities, Share CFDs |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $0 |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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MB Group · Company Summary
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 instruments | Regulation 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 1:500 |
Is 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 Platform | Supported | Available Devices | Suitable for which type of traders |
| MT4 Desktop version | ✔ |
| Traders prioritize advanced technical analysis, automated trading, and customization. |
| MB Group mobile app | ✔ |
| Traders value convenience and on-the-go trading |
Deposit and Withdrawal
The minimum deposit to start trading with MB Group is $200.
Deposit Options
| Deposit Options | Min. Deposit | Fees | 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 <20ms |
Customer 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 |
| Phone | None |
| mggroup@mbgroupfx.cc | |
| Support Ticket System | None |
| Online Chat | None |
| Social Media | None |
| Supported Language | English, Chinese, Japanese, Korean, German, French, Russian, Portuguese, Italian, Thai, and Vietnamese. |
| Website Language | English, Chinese, Japanese, Korean, German, French, Russian, Portuguese, Italian, Thai, and Vietnamese. |
| Physical Address | None |
| Contact Form | None |
The 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.
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