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MBI TRADING

Australia|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://mbitrading.com

Website

Rating Index

Contact

support@mbitrading.com
https://mbitrading.com
Isaacs , Act 2607 , Canberra, Australia

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

MB Investment Trading PTY LTD

Company Abbreviation

MBI TRADING

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 144 634 088) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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MBI TRADING · Company Summary

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.

basic-info

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.

account-types

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.

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FX1318953409
more than one year
Stay far far away from these rip-off artists. After bullying me into making $2 000 (on top of the initial $300) they refuse to let me withdraw my money. I have tried twice, and both times they denied my request...
2023-03-01 17:02
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