mBank
Basic Information
Pros and Cons
Pros
- Decade of operational experience
- Tight spreads starting from 0.2 pips
- Maximum leverage of 1:30
- Platforms: MT4 and mforex web
Cons
- No regulatory oversight
- Mixed reputation for customer service
- Slow withdrawal processes reported
- Concerns over fund safety
Is mBank Safe and Legit?
mBank, registered in Poland since 2013, has over a decade of operational experience. It offers trading in forex, indices, and commodities with a maximum leverage of 1:30 and tight spreads starting from 0.2 pips, primarily through the MT4 and mforex web platforms.
Despite its operational history, mBank lacks valid regulatory oversight, which raises concerns regarding its safety and legality as a trading broker. Investors should be cautious when considering mBank due to its unregulated status.
Market reputation for mBank is mixed, with users reporting issues related to customer service quality and slow withdrawal processes. While some appreciate the competitive spreads, others express dissatisfaction over the lack of transparency and responsiveness, leading to frequent complaints about fund safety and operational integrity.
Is mBank a Regulated Broker?
What Are the Regulatory Licenses Held by mBank?
mBank does not hold any regulated licenses, which raises concerns regarding its safety and legality as a trading broker. Investors should be cautious due to the broker’s unregulated status, as it lacks oversight from any mainstream regulatory authority. This absence of regulation can pose risks to investors regarding fund safety and operational integrity. Therefore, potential clients should consider these factors carefully before engaging with mBank for trading activities.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| No Regulated Licenses | No Regulated Licenses | mBank S.A. | No Regulated Licenses | N/A |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
mBank does not hold client funds in independently regulated bank accounts separate from the broker’s own assets, which raises concerns regarding the safety of investors’ funds. Additionally, mBank does not participate in any investor compensation funds or insurance schemes, leaving clients without coverage in case of operational issues.
mBank Leverage
The maximum leverage offered by mBank is 1:30 across all product categories. This leverage complies with the legal limits set in jurisdictions where mBank operates, but it is essential for clients to be aware of their classification as either retail or professional when engaging in trading activities.
mBank Withdrawal Review
How to Contact mBank?
mBank has received mixed feedback regarding withdrawal issues, with complaints often highlighting slow processing times and difficulties in accessing funds. Credible sources for these complaints include user reviews on various online trading forums and social media platforms. While some users report isolated incidents, there is a notable trend indicating dissatisfaction with the broker’s response times to such complaints. Repetitive complaints about withdrawal delays have been noted, though no significant public complaints or regulatory penalties have been documented against mBank. Due to its unregulated status, potential investors should exercise caution regarding fund safety and operational integrity.
Frequently Asked Questions
A1: mBank does not hold any regulated licenses, which raises concerns about its safety and legality as a trading broker. Investors should be cautious due to this unregulated status, as it poses risks regarding fund safety and operational integrity.
A2: mBank does not hold any regulated licenses, meaning it lacks oversight from any mainstream regulatory authority. This absence of regulation can increase risks for investors, including concerns about fund safety.
A3: mBank does not keep client funds in independently regulated bank accounts separate from its own assets, which raises concerns about the safety of investors’ funds. Additionally, it does not participate in any investor compensation funds or insurance schemes.
A4: mBank has received mixed feedback regarding withdrawal issues, with many users reporting slow processing times and difficulties in accessing their funds. Complaints often highlight dissatisfaction with the broker’s response times to these withdrawal concerns.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.