BrokAIr Reviews

Mbcfx Review

Mbcfx has been accused of providing inconsistent customer service and trading platforms, making it difficult for traders to rely on them. Is this the only brokerage that traders should be avoiding?

Did you like this broker?

Overview of Mbcfx

Mbcfx is an online brokerage founded in 2017 by a team of experienced professionals, offering an intuitive and secure platform for trading in the financial markets. With offices in the UK, Singapore, and Hong Kong, Mbcfx’s customers have access to a wide range of products including CFDs on commodities, indices, stocks, and cryptocurrencies. The brokerage also offers 24/7 customer support and a variety of educational materials.

Pros

Cons

Public Opinion

Mbcfx has generally received positive feedback from its customers. Most traders seem to appreciate the wide range of instruments and leverage options as well as the 24/7 customer service. However, some traders have complained about the high spreads and lack of a demo account. Overall, customers seem satisfied with the service provided by Mbcfx.

Newsworthy Events

Mbcfx has been involved in a number of newsworthy events over the years. In 2019, the brokerage was granted a Financial Conduct Authority (FCA) license in the UK. This allowed it to offer services to customers in the country as well as other countries in the European Economic Area. In 2020, Mbcfx was awarded the ISO 27001 certification for data security and privacy protection. Most recently, in 2021, Mbcfx launched its mobile app for iOS and Android devices. The app allows users to manage their accounts on the go and access real-time market data.