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