Score
MB Group
United States|1-2 years| https://www.mbgroups.cc/
Website
Rating Index
Contact
Licenses
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United States
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
mggroup.cc
Server Location
Philippines
Website Domain Name
mggroup.cc
Server IP
165.154.233.179
-
mbgroups.cc
Server Location
Philippines
Website Domain Name
mbgroups.cc
Server IP
165.154.233.179
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.
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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Raúl C.
Mexico
I invested in the mbgroups platform, and when I requested to withdraw my money, they asked me to pay a 19% fee and then asked me to pay another fee. Even after completing the payments, I still did not receive my money. After several days, the company contacted me, explaining that their agents committed fraud and that they would help us. They sent a statement explaining that we could only withdraw and recover our money with insurance coverage. Supposedly, they should help us in another way. What security or guarantee do I have that this time they will fulfill the payment?
Exposure
07-21
Bryan Aravena
Chile
I already explained this case and today the mb group platform gave us a solution of paying 16,500 USD more to be able to recover my funds and what was previously paid....
Exposure
07-18
Bryan Aravena
Chile
I would like, in addition to the money that is frozen for me, 114,393.43 USD that is in withdrawal, plus 19% (21,734.7517 USD) of those profits that I was made to pay, and the 20,000 USD for a supposed fine, some compensation. I had to borrow money from my family, which we are paying with interest, in order to pay the total of 41,734.7517 USD that I supposedly paid so that everything would be transferred to my account. As a result, we have suffered damages and prejudice, in addition to accumulated stress from the psychological pressure of working solely to pay off debts to the banks...
Exposure
07-12
Bryan Aravena
Chile
I invested in mbgrous.cc brokers in April and when I wanted to withdraw my earnings of 114393.43 USD on May 11, 2024, he made me pay 19% of that profit of my country's tax, then when I was late to cancel, he charged me a penalty of 20000 USD more to get my funds to my binance account. Having already paid over 40000 USD for my earnings to arrive, they are still charging me 15000 USD for the delay in paying.... My account is currently frozen until I pay the 15000 USD. I am sending proof of the investment app plus the conversations and the brokers page.
Exposure
07-03
FX2246620349
Singapore
This is a reliable platform and withdrawals arrive quickly. I think it is very good to use and large withdrawals arrive quickly.
Positive
11-12