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No Regulation
Score
1.53 /10
Danger
mBank
Influence
B
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index7.12
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2025-01-11
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| mBank Review Summary | |
| Founded | 2013 |
| Registered Country/Region | Poland |
| Regulation | Unregulated |
| Market Instruments | Forex, Indices, Commodities |
| Demo Account | / |
| Leverage | Up to 1:30 |
| Spread | From 0.2 pips |
| Trading Platform | MT4, mForex Web |
| Min Deposit | PLN 2,000 |
| Customer Support | Tel: 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.
Pros and Cons
| Pros | Cons |
| Tight spreads | No regulation |
| MT4 supported | Limited 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!
What Can I Trade on mBank?
| Trading Asset | Available |
| 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 Type | Standard | VIP |
| Activation Payment | Min. PLN 2,000 for individuals, PLN 10,000 for companies | |
| Leverage | Up to 1:30 (for retail customers) | |
| Spread | From 0.2 pips | |
| Commission | 0.0039% | 0.0027% |
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 Platform | Supported | Available Devices | Suitable for |
| mForex | ✔ | Web | / |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ❌ | / | Experienced traders |
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