MBFX

General Information

MBFX Is A Regulated Brokerage Registered In Saint Lucia That Offers A Wide Range Of Trading Instruments Including Forex, Precious Metals, Energy, Indices, Stocks And Cryptocurrencies. It Offers Clients Both Demo And Live Trading Accounts. The Broker Also Supports The Popular MT5 Trading Platform, Which Can Be Accessed Through Multiple Devices.

Pros And Cons

Pros

• FinCEN Regulated

• Multiple Account Types

• Diverse Trading Tools

• Competitive Trading Conditions

• Support For MetaTrader 5 (MT5) Trading Platform

• Copy Trading

• Low Minimum Deposit Requirement

• Multiple Payment Options

• Multiple Contact Channels

Cons

• Limited Industry Experience

Is MBFX Legal?

No, It Is Not Regulated By Any Regulatory Authority.

Market Tools

MBFX Offers 300 + Market Tools That Allow Traders To Participate In Various Types Of Trading. Clients Can Trade Foreign Exchange Pairs Including Major Currency Pairs, Minor Currency Pairs, And Exotic Currency Pairs, As Well As Precious Metals Such As Gold And Silver. In Addition, They Can Trade Energy Sources Such As Oil And Gas, Trade Indices Representing Different Stock Markets, Invest In Stocks Of Well-known Companies, And Participate In Cryptocurrency Trading.

Account Types

MBFX Offers Four Different Types Of Live Accounts, Including Standard, Original Spread, Premium, And Copy Trading. Each Account Type Has Its Own Unique Features And Advantages.

Standard Accounts Are For Traders Who Prefer A Simple Trading Experience. It Requires A Minimum Deposit Of 50 Dollars, Making It Accessible To Traders With Less Capital.

For Traders Looking For Tighter Spreads, A Raw Spread Account May Be A Suitable Option. The Minimum Deposit Requirement Is 500 Dollars. This Account Type Is Particularly Suitable For Those Traders Who Use Low-cost Trading And More Precise Execution As A Trading Strategy.

The Premium Account Is Tailored For Traders Who Need Additional Features And Benefits, With A Minimum Deposit Of 1000 Dollars. It Offers Better Trading Conditions, Including Lower Spreads, Faster Execution, And Potentially Improved Trading Tools And Analysis.

In Addition, MBFX Also Offers A Copy Trading Account That Allows Traders To Automatically Copy Trades From Experienced, Successful Traders. With A Minimum Deposit Requirement Of 50 Dollars, This Account Type Offers Less Experienced Traders The Opportunity To Benefit From The Expertise Of Others.

In Addition To Live Trading, MBFX Also Offers Demo Accounts. This Type Of Account Allows Traders To Practice And Become Familiar With The Trading Platform And Its Features Without Taking Real Risks.

Leverage

MBFX Offers Leverage Up To 1:500 For All Its Account Types. Leverage Allows Traders To Borrow Funds To Amplify Their Trading Positions. However, It Must Be Recognized That Leverage Also Comes With Increased Risk. While It Offers Greater Profit Potential, It Likewise Amplifies Potential Losses. The Higher The Leverage Ratio Used, The Greater The Risk Of Exposure To Market Volatility And Price Fluctuations. If The Market Is Unfavorable For A Leveraged Position, Losses Can Quickly Accumulate And Even Exceed The Initial Investment.

Spreads And Commissions

Spreads Offered By MBFX Vary Depending On The Type Of Account. Spreads Start From 1.0 Pips For Standard Accounts, While Spreads Start As Low As 0.1 Pips For Raw Spread Accounts. Spreads Start From 0.0 Pips For Premium Accounts, While 1.0 Pips For Copy Trading Accounts. It Is Worth Noting That There Are No Commission Fees For Standard Accounts, Raw Spread Accounts, And Copy Trading Accounts, While Premium Account Holders Are Required To Pay Commissions.

Trading Platform

MBFX Offers Its Clients The Popular MetaTrader 5 (MT5) Trading Platform. The Platform Is Accessible Through A Variety Of Devices, Including IOS/MAC, Android, Desktop And Web Versions. Traders Can Choose The Platform That Best Suits Their Needs And Access The Market Tools Offered By MBFX. The Trading Platform Operates Based On Eastern Time (ET), But From October 30, 2022, It Will Switch To Eastern European Time (EET), Two Hours Ahead Of Coordinated Universal Time.

Deposit And Withdrawal

MBFX Accepts Multiple Deposit And Withdrawal Methods Including VISA, Debit Card, Neteller, Skrill, Local Bank Transfer, Perfect Money, Bpay, China UnionPay, WeChat, PayPal, Cryptocurrency And Bank Telegraphic Transfer. The Minimum Deposit Requirement Is 50 Dollars, Enabling Traders Of All Budget Sizes To Participate In The Market.

Customer Support

24/7 - Live Chat, Contact Form

Phone: + 44 20 3290 5333

WhatsApp: + 44 79 2755 5692

Email: Support@mbfx.co

Regional Restrictions

Australia, USA, Brazil, Curaçao, Indonesia, Sint Eustatius, Tahiti, Symbian, Turkey, Guinea-Bissau, Japan, Bonaire, Timor-Leste, Liberia, Micronesia, Northern Mariana Islands, Yangma Yan Island, South Sudan, Svalbard