Fake MBG Markets

Fake MBG Markets is a forex and CFD broker registered in the Virgin Islands, having been founded on 3 June 2019. It operates through the domain mbg.asia.

The broker describes itself as part of the MultiBank Group, an entity that was established in California, USA, in 2005. According to its corporate profile, MultiBank Group claims a paid-in capital of over USD 322 million and a daily trading volume exceeding USD 6.2 billion in forex and financial derivatives.

Fake MBG Markets lists three regulators in its public records: the Australian Securities and Investments Commission (ASIC), the German Federal Financial Supervisory Authority (BaFin), and the Financial Services Commission of the Virgin Islands (FSC). However, the status for each of these licences is marked as '—', indicating that the operational validity or active nature of these permits is unconfirmed.

This lack of clear regulatory verification is a significant concern. Without a confirmed licence from a reputable authority, the broker does not offer the standard protections that regulated brokers provide, such as negative balance protection or compensation schemes.

The broker offers two main account types: an ECN account and a Professional account. The ECN account requires a minimum deposit of USD 500, while the Professional account minimum deposit is either USD 500 (for the '1.Biz center' option) or USD 150 (for the 'new CRM' option). Both accounts offer a maximum leverage of 1:400.

This high leverage is attractive to experienced traders seeking amplified exposure, but it also carries substantial risk, particularly in volatile markets. The structure of the Professional account suggests different tiers or platforms, but details are sparse.

Fake MBG Markets provides access to a range of instruments including forex, indices, commodities, oil, gold, and silver. This is a standard set of offerings for a retail CFD broker, covering currency pairs, stock indices, and precious metals.

The lack of a comprehensive list of specific instruments or contract details makes it difficult to assess the breadth of the product suite. Traders would need to consult the broker directly for such information.

In FXCanary's assessment, Fake MBG Markets carries a scam risk score of 85 out of 100, classified as 'Severe'. This is based on the absence of verified regulatory status, the limited public information about the broker's operations, and the address in a jurisdiction known for minimal oversight.

The high score serves as a strong caution for traders. The broker's claims of affiliation with a large group and substantial capital are not independently substantiated, and the opaque regulatory picture leaves clients with little recourse in case of disputes.