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

General Information

Dom Maklerski mBanku SA (mForex) is one of the longest operating Polish brokerage houses; has been operating since 1991. Previously as the BRE Bank Investment House, today as mDom Maklerski. Bank mFrorex platform offers access to 57 most important currency pairs from around the world.

Market Instruments

Tradable financial instruments available on the mBank platform include currency pairs, as well as CFDs on global indices and commodities, bonds.

Order Types

Market and pending orders are available. Among the market orders, we distinguish the Buy (buy) and Sell (sell) of the instrument. In the case of pending orders, we distinguish Buy Limit, Buy Stop, Sell Limit and Sell Stop orders. Additionally, stop loss and take profit orders are available to modify open or pending positions.

Account Types

There are two trading accounts on offer for forex trading: Standard and VIP. The Standard account is designed for beginners and advanced players, and the VIP account is for the most active and experienced players. The minimum activation amount is PLN 2000 for persons physical and PLN 10,000 for companies for both accounts.

Leverage

The maximum trading leverage for retail clients is up to 30:1, while professional clients can apply the higher leverage level.

Micro Trade Size

The minimum order size allowed by mBank is 0.01 lots, which sounds quite friendly to beginners.

Spreads & Commission

mBank offers variable spreads, as low as 0.2 pips on major pairs, with a commission of 0.0035%.

Trading Platform

When it comes to trading platform available, what mBank offers are mForex Trader and mForex Web. mForex Trader is based on the Meta Trader 4 platform-the worlds most popular platform for concluding transactions on the currency market. mForex Web is intuitive to use, available from any computer or mobile device via a web browser.

Customer Support

The mBank customer support can be reached through hotline or write an email to this broker atmforex@mbank.pl. This companys inbox is serviced on an ongoing basis on working days from 7:00am to 10:00pm.