Forex MB Group Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.3

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.5

Business 0.8

Risk Control 1.1

Software 1.8

Regulatory 1.3

Terminal Snapshot

MB Group Trading Conditions

Registered Region United States

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email mggroup@mbgroupfx.cc

Contact Number N/A

Website www.mbgroups.cc

Balanced Review

Pros & Cons

Pros

Diverse range of over 250 trading instruments
Access to popular trading platforms MetaTrader 4 and 5
Low minimum deposit requirement of $200
Variety of account types including Standard and ECN
Competitive trading conditions with low spreads

Cons

Not regulated by any recognized financial authority
Limited customer support options (email only, no live chat or phone support)
Potential withdrawal fees and complications
Lack of educational resources for traders
Limited availability of certain trading instruments (e.g., no ETFs or stocks)

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	MB Group	Webull	Jefferies	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	United States	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.3/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does MB Group Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners and casual traders	Commission-free trading, minimum spread from 1 pips	Requires a minimum deposit of $200
ECN Account	Experienced traders	Tighter spreads starting from 0.0 pips, incurs commission	Requires a minimum deposit of $200
Demo Account	All traders	Practice trading without risk	Available for all users

Account Opening Process

To open an account with MB Group, traders must follow several steps. Initially, they will need to provide personal information, including identity verification documents such as an ID and proof of address. Additionally, employment and financial information may be required. Once the account is set up, users have the flexibility to upgrade to a professional account later, should their trading needs change.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	From 1	$0 (Standard Account)	Commission-free trading option
Forex (Minor Pairs)	Variable	$6 (ECN Account)	Commission applies for ECN Account
CFDs (Stocks, Indices, Commodities)	Variable	$6 (ECN Account)	Varies based on product
Cryptocurrencies	Variable	Variable	Depends on market conditions

Other Fees

Traders should be aware of additional fees that may apply while using MB Group. These can include deposit and withdrawal fees, inactivity fees, and potential platform usage fees. Moreover, overnight interest rates (swap rates) and currency conversion fees may also affect trading costs.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

MB Group User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Raúl C.

Mexico

★ ★ ★ ★ ★

I invested in the MB Group platform, and when I requested to withdraw my money, they asked me to pay a 19% fee and then asked for 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. I have no security or guarantee that they will fulfill the payment this time.

Bryan Aravena

Chile

★ ★ ★ ★ ★

I had a terrible experience with MB Group. They told me I needed to pay an additional $16,500 just to recover my funds, which is frustrating. Now my account is frozen, and I’m left feeling helpless and stressed about the situation.

FX2246620349

Singapore

★ ★ ★ ★ ★

This is a reliable platform and withdrawals arrive quickly. I think it is very good to use, and large withdrawals are processed without delay. Overall, I’ve had a positive experience with MB Group.

Anonymous

Unknown

★ ★ ★ ★ ★

I am very satisfied with MB Group. The MetaTrader platform is user-friendly, and I appreciate the variety of trading instruments available. My trading experience has been smooth, and I’ve had no issues with withdrawals so far.

United States Market