Risk warning: MBI TRADING is a clone forex broker. The ASIC (Australia) regulation (License No. 144634088) claimed by this broker is a suspicious clone. Please be aware of this risk involved.
General Information
MBI TRADING is an Australia-based forex broker that was not established long, with an operating time of less than two years. This brokerage provides the flexibility to choose from four trading accounts, with the minimum deposit starting at $/€300.
Concerning regulation, MBI TRADING is just a clone forex broker posing as a legit one. Please be aware of the risk involved.
Market Instruments
With the MBI TRADING platform, various financial instruments can be traded, including Forex, Indices, Commodities, and Share CFDs.
Account Types
Four trading accounts are available on the MBI TRADING platform, namely Micro, Standard, Premium and VIP. As a typical scammer, this broker asks for ridiculously high initial deposits, with the Micro account from $300, the Standard account from $500, the Premium account from $25,000, and the VIP account from $100,000.
It seems like MBI TRADING is ready to take clients large-sum initial deposits away and investors are not advised to trade with forex broker.
Spreads & Commissions
Spread is determined by trading accounts, with the Micro account from 1 pips, the Standard account from 1 pips, the Premium account from 0.6 pips, the VIP account from 0.2 pips. Commissions charged are not disclosed.
Leverage
Trading leverage differs depending on various trading accounts, ranging from 1:100 to 1:500. Problematically, MBI TRADING allows traders to use the maximum trading leverage up to 1:500, which is much higher than the appropriate amount considered by most regulatory authorities.
Leverage can increase gains, but it can also cause serious fund losses. In this way, investors are advised to choose a smaller size until they gain more trading experience.
Trading Platform
This fakeMBI TRADING fails to offer industry-leading MT4 or MT5 trading platform.
Customer Support
For any questions or concerns they may have about their accounts or their trading can only reach out to MBI TRADING through an email address: support@mbitrading.com.
Registered Company Address: Isaacs, Act 2607, Canberra, Australia.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
