Overview of ManCu
ManCu, founded in 2019 and headquartered in Australia, is a financial trading platform offering a diverse range of tradable assets, including Forex, Index CFDs, Stock CFDs, Commodities, and Cryptocurrency. The platform provides two main types of trading accounts: Razor and Standard, catering to different trading preferences and experience levels.
With a regulatory oversight from the Financial Crimes Enforcement Network (FinCEN), ManCu ensures compliance with anti-money laundering and financial crime prevention regulations. While the platform offers competitive spreads, leverages up to 400:1, and a variety of deposit methods.
Is ManCu Legit？
ManCu is regulated by the Financial Crimes Enforcement Network (FinCEN) in the United States, holding a Crypto-License with license number 31000264986754. This regulatory oversight ensures compliance with anti-money laundering and financial crime prevention regulations.
However, ManCu's regulatory status with the National Futures Association (NFA) in the United States is abnormal, marked as “Unauthorized.” This designation highlights potential risks associated with engaging with ManCu.
Pros & Cons
ManCu offers a diverse range of tradable assets, competitive spreads, commissions, and a variety of deposit methods, providing traders with ample options. Additionally, ManCu ensures accessibility and convenience with multiple trading platforms and round-the-clock customer support. However, the regulatory status marked as “Unauthorized” raises concerns regarding compliance and oversight, potentially impacting the platform's credibility. Furthermore, the lack of a specified minimum deposit may deter users seeking clarity on initial investment requirements.
Trading Instruments
Forex: Engage in the foreign exchange market with a variety of mainstream, niche, and cross-currency pairs. Benefit from accessible spreads, commissions, and leverage options up to 30:1.
Index CFDs: Access volatility across 14 major global stock markets without intermediary fees or trading desk involvement. Explore diverse trading strategies and global market opportunities through index trading.
Stock Contract for Difference (CFD): Take positions in top US stocks such as Apple, Boeing, Tesla, and Alibaba. Hedge portfolios and execute trades with commissions starting from $0.02 USD per share.
Commodity Trading: Participate in commodity markets encompassing coffee, cocoa, cotton, and precious metals like gold, silver, platinum, and palladium. Trade without commission charges, with precious metals potentially serving as a hedge during market uncertainty and inflation cycles.
Currency Index CFDs: Trade currency exchange rate fluctuations against a basket of other currencies, including the widely recognized USDX. Leverage options are available up to 20:1.
Here is a comparison table of trading instruments offered by different brokers:
Account Types
ManCu offers two main types of trading accounts: Razor and Standard. Both account types share common features, including a minimum trade size of 0.01 lot, allowance for Expert Advisors, leverage up to 30:1, hedging capabilities, availability of base currencies, news trading, and No Dealing Desk Execution.
The key differences between the Razor and Standard accounts lie in their institutional spread, average EURUSD spread, commission structure, and suitability for different types of traders:
1. Razor Account:
- Institutional spread: Yes
- Average EURUSD Spread: 0.0 - 0.3 points
- Commission: From 7 AUD per 100,000 bilateral transactions
- Most suitable for: Scrapers and Algorithmic Traders
2. Standard Account:
- Institutional spread: Yes
- Average EURUSD Spread: 1.1 points
- Commission: $0
- Most suitable for: New Traders
How to Open an Account？
To open an account with ManCu, follow these steps.
Visit the ManCu website. Look for the “Open a real user” button on the homepage and click on it.
2. Sign up on websites registration page.
3. Receive your personal account login from an automated email.
4. Log in.
5. Proceed to deposit funds to your account.
6. Download the platform and start trading.
Leverage
Leverage at ManCu allows traders to amplify their trading positions with ratios of up to 400:1, enabling them to control larger positions with a smaller amount of capital.
Here is a comparison table of maximum leverage offered by different brokers:
Spreads & Commissions
ManCu offers spreads across various financial instruments, including Forex, Index CFDs, Commodities, Cryptocurrency, and Stock CFDs. Spreads for major currency pairs like EURUSD and GBPUSD are as low as 0 pips, while commissions vary depending on the traded currency and account type, with fees ranging from AUD 3.50 to HKD 28.17 per lot.
Additionally, ManCu provides swap rates for positions held overnight, which are calculated based on risk management analysis and market conditions. Traders can access swap rate information on the trading platform to understand the cost associated with holding positions overnight.
Deposit & Withdrawal
ManCu offers a variety of convenient deposit and withdrawal methods, including USDT, MasterCard, POLi, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay. Clients can securely manage their accounts through an encrypted client portal. Withdrawal requests made before 21:00 (GMT) are processed the next day, or the same day if received before 07:00 (AEST).
However, funds can only be returned to a bank account in the same name as the trading account, and any international wire transfer fees are borne by the customer. Bank wire withdrawals typically take 3-5 business days, although delays may occur in unforeseen circumstances.
Trading Platforms
ManCu provides three versatile trading platforms - MetaTrader 4, MetaTrader 5, and Mancu - suitable for traders of all levels. MetaTrader 5 offers advanced features like faster processing, hedging, and extensive tools. MetaTrader 4 remains popular for its real-time data and comprehensive tools. Mancu is designed for simplicity and efficiency, with customizable charts and advanced order options.
Customer Support
ManCu offers 24/7 customer support via phone and email. For assistance, clients can contact the support team at+1 415 968 7757, or reach out via email at support@mancu.com for general inquiries.
Educational Resources
ManCu provides a variety of educational resources, including online guides and expert webinars in English, covering topics ranging from basic trading principles to advanced technical analysis. These resources aim to support traders at all levels of experience in their trading journey.
Bonus
ManCu offers a refer-a-friend program where both you and your friend can benefit from 20 free trades when they open and fund their trading account. Additionally, you can receive up to $1,000 in cash when your friend meets certain deposit and trading requirements.
Conclusion
ManCu offers a diverse range of tradable assets and provides competitive spreads and commissions. However, its regulatory status with the National Futures Association (NFA) in the United States being marked as “Unauthorized” raises potential risks for traders.
FAQs
Q: Is trading with ManCu safe？
A: While ManCu is regulated by the Financial Crimes Enforcement Network (FinCEN), its regulatory status with the National Futures Association (NFA) in the United States is marked as “Unauthorized.” Traders should carefully consider the associated risks before engaging with the platform.
Q: What account types does ManCu offer？
A: ManCu offers two main types of trading accounts: Razor and Standard.
Q: What deposit methods does ManCu support？
A: ManCu supports a variety of deposit methods, including USDT, MasterCard, POLi, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay, providing convenience and flexibility for traders.
Q: What trading platforms does ManCu provide？
A: ManCu provides three versatile trading platforms: MetaTrader 4, MetaTrader 5, and Mancu. These platforms offer a range of features and tools to accommodate traders of all levels.
Q: Does ManCu offer educational resources？
A: Yes, ManCu provides a variety of educational resources, including online guides and expert webinars in English, covering topics ranging from basic trading principles to advanced technical analysis, aimed at supporting traders at all levels of experience.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
