MBM Capitals Broker Review

The United Kingdom’s Financial Conduct Authority has issued a warning against MBM Capitals in October 2023

If you are looking for a reliable and trustworthy online broker, you might have come across MBM Capitals. This company claims to offer a wide range of trading services, including forex, stocks, commodities, indices, and cryptocurrencies. But is MBM Capitals a scam or a legit broker? In this review, we will examine the features, advantages, and disadvantages of MBM Capitals, and help you decide whether it is worth your time and money.

What is MBM Capitals?

MBM Capitals is an online broker that was founded in 2017 and is based in St. Vincent and the Grenadines. The company is registered under the name MBM Capital Markets Ltd, and claims to be regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines. However, we could not find any evidence of this regulation on the FSA website, which raises some doubts about the credibility of MBM Capitals.

MBM Capitals offers four types of trading accounts: Basic, Standard, Gold, and Platinum. The minimum deposit for the Basic account is $250, while the maximum leverage is 1:200. The Standard account requires a minimum deposit of $1,000 and offers a leverage of 1:300. The Gold account has a minimum deposit of $5,000 and a leverage of 1:400. The Platinum account is the most expensive one, with a minimum deposit of $25,000 and a leverage of 1:500. All accounts have access to the same trading platform, which is MetaTrader 4 (MT4), one of the most popular and user-friendly platforms in the industry.

MBM Capitals claims to offer competitive spreads and commissions, as well as fast execution and low slippage. The company also provides various educational resources, such as webinars, ebooks, videos, and articles, to help traders improve their skills and knowledge. Moreover, MBM Capitals offers customer support via phone, email, and live chat, 24/5.

What are the pros and cons of MBM Capitals?

Pros:

  • Wide range of trading instruments
  • MT4 platform available
  • Educational resources provided
  • Customer support 24/5

Cons:

  • Lack of regulation
  • High minimum deposit for some accounts
  • No demo account available
  • No information about withdrawal fees and methods

Is MBM Capitals a scam or a legit broker?

Based on our research, we cannot recommend MBM Capitals as a reliable and trustworthy broker. The main reason for this is the lack of regulation, which means that there is no guarantee that your funds and personal information are safe and secure with this company. Moreover, the high minimum deposit for some accounts and the lack of a demo account make it difficult for beginners and low-budget traders to test the services of MBM Capitals before investing their money. Furthermore, the company does not provide any information about its withdrawal fees and methods, which could lead to unpleasant surprises and delays when you want to cash out your profits.

Therefore, we advise you to avoid MBM Capitals and look for other brokers that have a solid reputation and regulation in the online trading industry. There are many reputable brokers that offer better trading conditions and security than MBM Capitals.

What to Do If You’ve Lost Money with MBM Capitals?

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