MC Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-21 17:42

Abstract：MC Financial Services Limited is a financial institution based in Hong Kong, regulated by the Securities and Futures Commission of Hong Kong for dealing in futures contracts since April 20, 2018. The company offers many market instruments, including equities, futures contracts, foreign exchange (forex), bonds, and commodities. It offers accounts with a leverage of 10:01 and a spread between 0.2 and 0.5 pips on currency pairs.

MC Review Summary
Registered Country/Region	Hong Kong
Regulation	Regulated by the Securities and Futures Commission of Hong Kong
Market Instruments	Forex, CFDs, Stock Indices, Commodities, Cryptocurrencies
Demo Account	Not Mentioned
Leverage	Up to 10:1
Spread	Between 0.2 and 0.5 pips on currency pairs
Trading Platform	Web-based platform and mobile app
Min Deposit	HKD 100

MC Information

　　MC Financial Services Limited is a financial institution based in Hong Kong, regulated by the Securities and Futures Commission of Hong Kong for dealing in futures contracts since April 20, 2018. The company offers many market instruments, including equities, futures contracts, foreign exchange (forex), bonds, and commodities. It offers accounts with a leverage of 10:01 and a spread between 0.2 and 0.5 pips on currency pairs.

Pros and Cons

Pros	Cons
Regulated by the Securities and Futures Commission of Hong Kong	The main website is currently down
Spreads start from 0.2 pips	Monthly fee for Premier Account
Offers a web-based and mobile trading platform

Is MC Legit?

　　MC has a license type of Dealing in futures contracts regulated by The Securities and Futures Commission (SFC) in Hong Kong with a license number of BLC140.

What Can I Trade on MC?

　　MC offers many tradable assets including forex, indices, commodities, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stock	✔
Indices	✔
Cryptocurrency	❌
Shares	❌
Metals	❌

Account Type

　　MC Financial Services Limited offers two types of account options: the Basic Account and the Premier Account. The Basic Account does not require a monthly fee. The Premier Account imposes a monthly fee of HKD 100. However, specific details regarding additional benefits or features tied to each account type are not available.

MC Fees

　　The spreads are typically between 0.2 and 0.5 pips. MC Financial Services also charges commissions on trades, which are a fixed fee per trade. The commissions are typically between HKD 5 and HKD 10 per trade.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Web-based platform and mobile app	✔	PC and Mobile	Investors of all experience levels

Deposit and Withdrawal

　　MC Financial Services allows customers to deposit and withdraw funds through a variety of channels, including online banking, mobile banking, ATMs, and bank branches. The minimum deposit amount is HKD 100 and the maximum withdrawal amount per day is HKD 10,000.