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MBFX
Suspected Fraud
Suspected Fraud

MBFX

🇨🇳
  • Forex
  • Broker
Within 1 year
Website

Current Rating

0.93

Industry Tier

E

Profile

MBFX is an online platform that offers a diversified range of trading products including forex, commodities, indices, precious metals, and energy. However, the registration information of the MBFX company is unclear, lacking regulatory information, and misleadingly claims on its official website to be associated with another well-known forex broker, XM. The website's transparency is low, lacking key information such as account types and corporate history. Investors need to verify related information carefully when considering this platform to avoid potential risks. The official website of MBFX is https://mbfxmarkets.com/en.html.

Corporate Entity Information of MBFX:

There are some odd issues with MBFX's corporate entity information. Its official website indicates that its registered address is Suite 404, The Matalon, Coney Drive, Belize City, Belize, which is actually the registered address of the XM broker. The specific registration time for MBFX is not provided, and it is difficult to find relevant corporate registration information on the public internet. Moreover, according to domain registration information, the website domain name of MBFX was registered on January 6, 2024, indicating its relatively short existence. This ambiguity in information could raise concerns among investors about the transparency and credibility of the MBFX platform, hence it's recommended to exercise caution when choosing the platform, and thoroughly verify relevant information.

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Regulatory Information of MBFX:

There are some apparent issues with MBFX in terms of regulatory information. Although its official website claims that Trading Point of Financial Instruments Pty Limited is its subsidiary company, this company is in fact the well-known XM forex broker, not a member of MBFX. It is worth noting that MBFX itself has not been regulated by regulatory authorities such as ASIC in Australia, CySEC in Cyprus, FSC in Belize, or DFSA in Dubai. This lack of true regulation might affect investors' trust in the MBFX platform. Therefore, the regulatory background should be carefully considered when choosing a platform to ensure the safety and reliability of investments.

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Account Opening Process at MBFX:

  • Click the registration button on MBFX
  • Fill in the necessary basic information, including a valid email address and setting a password, etc.
  • Then follow the page prompts to complete the registration process

It is important to note that investors should be extra cautious when opening an account, considering MBFX's claims of regulation which are not substantiated. It is advisable to thoroughly verify the platform's authenticity and reputation before registration to avoid potential risks due to an opaque operating background.

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Account Types at MBFX:

MBFX offers several account types to meet the needs of different investors:

  1. Micro Account:
    • Available base currencies: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR.
    • Contract size: 1 lot = 1,000 units.
    • Leverage: Up to 1:1000.
    • Main currency pairs spread: As low as 1 pip.
    • Commission: None.
    • Minimum trade volume: 0.1 lots (ST5).
    • Lot restriction per ticket: 100 lots.
    • Minimum deposit: 5 USD.
  1. Standard Account:
    • Available base currencies: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR.
    • Contract size: 1 lot = 100,000 units.
    • Leverage: Up to 1:1000.
    • Commission: None.
    • Main currency pairs spread: As low as 1 pip.
    • Minimum trade volume: 0.01 lots.
    • Lot restriction per ticket: 50 lots.
    • Minimum deposit: 5 USD.
  1. MBFX Ultra Low Spread Account:
    • Available base currencies: EUR, USD, GBP, AUD, ZAR, SGD.
    • Contract size:
      • Standard Ultra: 1 lot = 100,000 units.
      • Micro Ultra: 1 lot = 1,000 units.
    • Leverage: Up to 1:1000.
    • Commission: None.
    • Main currency pairs spread: As low as 0.6 pips.
    • Minimum trade volume:
      • Standard Ultra: 0.01 lots.
      • Micro Ultra: 0.1 lots.
    • Lot restriction per ticket:
      • Standard Ultra: 50 lots.
      • Micro Ultra: 100 lots.
    • Minimum deposit: 5 USD.
  1. Shares Account:
    • Available base currency: USD.
    • Contract size: 1 share.
    • Leverage: No leverage.
    • Spread: Depends on the stock exchange.
    • Commission: Yes.
    • Minimum trade volume: 1 lot.
    • Lot restriction per ticket: Depending on the specific stock product.
    • Minimum deposit: 10,000 USD.
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Trading Products of MBFX:

MBFX offers a diversified range of trading products, covering different markets and asset classes:

  1. Forex:
    • Provides 50+ currency pairs, including majors, crosses, and exotics.
    • Leverage up to 1000:1.
    • 24-hour trading, five days a week.
    • Ultra Low accounts enjoy interest-free overnight positions.
    • Extremely low spreads, no requotes.
    • No hidden fees.
  1. Commodities:
    • No transaction fees.
    • Contract-based trading, no need to hold any financial instruments physically.
    • Includes agricultural products (CORN, WHEAT, SBEAN), metals (HGCOP), cocoa, coffee, sugar, cotton, and more.
  1. Stock Indices:
    • Offers a variety of stock indices, allowing investors to participate in the global stock markets.
  1. Precious Metals:
    • Offers trading in gold and silver.
  1. Energy:
    • Covers the energy markets, providing a variety of options for investors.
  1. Stocks:
    • Allows trading in various stocks, enabling investors to participate in different companies' stock markets.
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Trading Software of MBFX:

MBFX provides traders with flexible trading software options:

  1. ST5 Mobile Version:
    • Compatible with iOS and Android systems.
    • Offers a convenient trading experience for mobile device users.
  1. Desktop Version:
    • Compatible with Windows and Mac systems.
    • Suitable for users who prefer a larger screen for trading.
  1. MBFX WebTrader:
    • Direct login via browser, no download or installation required.
    • Provides online trading functionality.
  1. Full Functionality on Mobile Devices:
    • Full functionality is also available on Apple and Android mobile devices.
    • Enables seamless connection to smartphones or tablets.

Risk Warning: Forex trading involves leverage and carries a high level of risk. Investors should proceed with caution, and make sure they understand and accept the potential risks.

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Leverage and Spreads at MBFX:

In the accounts offered by MBFX, leverage can be as high as 1:1000, with spreads ranging from as low as 0.6 pips to 1 pip. Investors can choose the account type that best suits their preferences and risk tolerance, enjoying flexible trading conditions.

Deposit and Withdrawal Methods at MBFX:

The official website of MBFX does not provide detailed information on deposit and withdrawal methods, making it difficult for users to obtain information on specific fund management options supported by the platform. This also indicates low corporate transparency of MBFX.

Social Media of MBFX:

The social media information of MBFX is not publicly available on its official website. Users find it difficult to obtain information about the company's activities, news, or other interactions on social media platforms. This may also affect users' overall understanding and trust in MBFX.

Customer Support of MBFX:

MBFX only provides email as customer support: support@mbfxmarkets.com.

Summary:

MBFX has unclear registration information, lacks regulatory information, and misleadingly claims on its official website to be associated with the well-known forex broker XM, reducing its transparency and credibility. The website lacks important information such as account types and corporate history, making it difficult for investors to fully understand the platform's operations and reputation. Overall, MBFX falls short in providing comprehensive and transparent services, and investors should carefully consider choosing this platform. Currently, MBFX is listed as "Suspected Fraud" on TraderKnows.

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FAQ About MBFX

01

What is MBFX's official website?

A: MBFX's official website is https://mbfxmarkets.com/mt_en.html

02

Is MBFX a legitimate company, or is it a scam?

A: MBFX is currently marked as Suspected Fraud on TraderKnows.

03

What is MBFX?

A: MBFX is a Forex, Broker company.

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