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mBank(mForex) -Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2025-01-03 19:00

Abstract:Founded in 2013, mBank is an unregulated broker registered in Poland, offering trading in Forex, Indices, and Commodities with leverage up to 1:30 and spread from 0.2 pips via the MT4 and mForex Web platforms.

mBank Review Summary
Founded2013
Registered Country/RegionPoland
RegulationUnregulated
Market InstrumentsForex, Indices, Commodities
Demo Account/
LeverageUp to 1:30
SpreadFrom 0.2 pips
Trading PlatformMT4, mForex Web
Min DepositPLN 2,000
Customer SupportTel: 22 697 47 74
Email: mforex@mbank.pl
Social Media: Facebook, Twitter, YouTube
Company Address: ul. Prosta 18 00-850 Warsaw

Founded in 2013, mBank is an unregulated broker registered in Poland, offering trading in Forex, Indices, and Commodities with leverage up to 1:30 and spread from 0.2 pips via the MT4 and mForex Web platforms.

mBank's homepage

Pros and Cons

ProsCons
Tight spreadsNo regulation
MT4 supportedLimited tradable assets
Conservative levearge
Commission charged
High minimum deposit
Unknown payment options

Is mBank Legit?

No, mBank currently has no valid regulations. Please be aware of the risk!

No license

What Can I Trade on mBank?

Trading AssetAvailable
forex✔
indices✔
commodities✔
stocks ❌
cryptocurrencies❌
bonds❌
options❌
ETFs❌

Account Type/Leverage/Fees

Standard and VIP are the two account types that mForex offers. The activation fee for both accounts is PLN 2,000, or roughly 430 USD, which is seen as a large amount.

Account TypeStandardVIP
Activation PaymentMin. PLN 2,000 for individuals, PLN 10,000 for companies
LeverageUp to 1:30 (for retail customers)
SpreadFrom 0.2 pips
Commission0.0039%0.0027%
Account comparison

Trading Platform

In addition to MT4, mBank also offers a mForex Web platform which is said to be available from a web browser, allows for easy and efficient adjustment of the chart appearance, the quick placing of orders, and the built-in calculator optimizes the investment process.

Trading PlatformSupported Available Devices Suitable for
mForex✔Web/
MT4✔Desktop, Mobile, WebBeginners
MT5❌/Experienced traders
mForex Web
BrokerDealerCurrency PairForex tradingforex pips

Related broker

No Regulation
mBank
Company name:mBank S.A.
Score
2.31
Website:https://www.mbank.pl/indywidualny
5-10 years | Suspicious Regulatory License | MT4 Full License | Self-developed
Score
2.31

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