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MC Information Revealed

WikiFX | 2024-10-21 17:42

Abstract:MC Financial Services Limited is a financial institution based in Hong Kong, regulated by the Securities and Futures Commission of Hong Kong for dealing in futures contracts since April 20, 2018. The company offers many market instruments, including equities, futures contracts, foreign exchange (forex), bonds, and commodities. It offers accounts with a leverage of 10:01 and a spread between 0.2 and 0.5 pips on currency pairs.

MC Review Summary
Registered Country/RegionHong Kong
RegulationRegulated by the Securities and Futures Commission of Hong Kong
Market InstrumentsForex, CFDs, Stock Indices, Commodities, Cryptocurrencies
Demo AccountNot Mentioned
LeverageUp to 10:1
SpreadBetween 0.2 and 0.5 pips on currency pairs
Trading PlatformWeb-based platform and mobile app
Min DepositHKD 100

MC Information

MC Financial Services Limited is a financial institution based in Hong Kong, regulated by the Securities and Futures Commission of Hong Kong for dealing in futures contracts since April 20, 2018. The company offers many market instruments, including equities, futures contracts, foreign exchange (forex), bonds, and commodities. It offers accounts with a leverage of 10:01 and a spread between 0.2 and 0.5 pips on currency pairs.

Pros and Cons

ProsCons
  • Regulated by the Securities and Futures Commission of Hong Kong
  • The main website is currently down
  • Spreads start from 0.2 pips
  • Monthly fee for Premier Account
  • Offers a web-based and mobile trading platform

Is MC Legit?

MC has a license type of Dealing in futures contracts regulated by The Securities and Futures Commission (SFC) in Hong Kong with a license number of BLC140.

Is MC Legit?

What Can I Trade on MC?

MC offers many tradable assets including forex, indices, commodities, and cryptocurrencies.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Stock✔
Indices✔
Cryptocurrency❌
Shares❌
Metals❌

Account Type

MC Financial Services Limited offers two types of account options: the Basic Account and the Premier Account. The Basic Account does not require a monthly fee. The Premier Account imposes a monthly fee of HKD 100. However, specific details regarding additional benefits or features tied to each account type are not available.

MC Fees

The spreads are typically between 0.2 and 0.5 pips. MC Financial Services also charges commissions on trades, which are a fixed fee per trade. The commissions are typically between HKD 5 and HKD 10 per trade.

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Web-based platform and mobile app✔PC and MobileInvestors of all experience levels
Trading Platform

Deposit and Withdrawal

MC Financial Services allows customers to deposit and withdraw funds through a variety of channels, including online banking, mobile banking, ATMs, and bank branches. The minimum deposit amount is HKD 100 and the maximum withdrawal amount per day is HKD 10,000.

LeverageBrokerDealerForex tradingForex Broker

Related broker

Regulated
MC
Company name:美源金融服务有限公司
Score
6.86
Website:https://www.mcfinancial.com.hk/
5-10 years | Regulated in Hong Kong China | Derivatives Trading License (AGN) | Suspicious biz area
Score
6.86

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