MB Group (Seychelles) Ltd

MB Group (Seychelles) Ltd, trading as MEX-D, is a Seychelles-registered digital asset exchange operating from the official domain mex-d.com. The company presents itself as a regulated cryptocurrency trading platform, offering spot and derivatives trading in a range of digital assets. According to its website, it is regulated by the Financial Services Authority (FSA) of Seychelles as a Securities Dealer, though the Seychelles register does not publish licence numbers.

MEX-D positions itself as a bridge between traditional finance and the cryptocurrency market, with a stated focus on security, regulatory compliance, and accessibility. The platform supports fiat currencies such as USD and EUR, alongside a suite of over 20 cryptocurrencies, and aims to serve both retail and institutional clients. The company also highlights its custody infrastructure, which it describes as air-gapped and protected by physical vaults.

MEX-D is licensed by the Financial Services Authority (FSA) of Seychelles as a Securities Dealer. The Seychelles FSA is a well-known offshore regulator, but it is generally considered to have lighter oversight compared to major financial regulators in Europe or North America. Our records confirm one active licence with the FSA, though the register does not publish specific licence numbers.

The company's website states it is regulated under licence number SD086, but this number is not verifiable through public registers. Traders should note that Seychelles-based entities are often used by brokers seeking a cost-effective regulatory environment, which may offer less investor protection than more stringent jurisdictions. We recommend verifying the licence status directly with the FSA if considering this platform.

MEX-D offers trading in a range of cryptocurrencies, including major assets like Bitcoin, Ethereum, and Litecoin, as well as a selection of altcoins. The platform supports both spot trading and derivatives, allowing users to speculate on price movements with leverage. The website mentions competitive fees and spreads, though specific figures are not disclosed in our records.

The trading platform is described as simple and highly secure, with features such as multi-user, multi-currency, and multi-wallet options. It also provides a secure authentication app and triple-lock private key encryption for digital asset management. For institutional clients, MEX-D claims to offer deep liquidity, tight spreads, and 24/7 customer support.

MEX-D supports fiat and cryptocurrency deposits and withdrawals. At launch, bank transfers are available for fiat funding, with debit and credit cards expected to be added soon. The platform supports USD and EUR, and users can deposit fiat, trade, and withdraw in both fiat and crypto. The website does not specify minimum deposit requirements, directing users to its fee structure page for details.

Withdrawal methods are not detailed in our records, but the platform's FAQ indicates that users can withdraw fiat and crypto. The company also mentions a fiat on and off ramp, which simplifies the process of moving funds between traditional and digital currencies. As with any exchange, users should review the fee schedule and withdrawal limits before committing funds.

MEX-D appears to target both retail and institutional cryptocurrency traders. The platform's user-friendly interface and support for multiple cryptocurrencies make it accessible to beginners, while its institutional services cater to professional traders and financial firms. The website highlights a decade of experience in providing financial, technological, and regulatory expertise to banks and brokers.

Given its Seychelles registration and offshore regulatory status, MEX-D may be more suitable for experienced traders who understand the risks of trading on lightly regulated platforms. It is not recommended for traders seeking the highest level of regulatory protection, such as that offered by FCA or ASIC-regulated brokers. As always, we advise conducting thorough due diligence before opening an account.

In FXCanary's assessment, MEX-D is a legitimate cryptocurrency exchange with a clear regulatory presence in Seychelles, but it operates in a jurisdiction with relatively light oversight. The company's website provides transparent information about its corporate structure and regulatory status, which is a positive sign. However, the lack of verifiable licence numbers and the offshore nature of the regulator mean that investor protection may be limited.

We found no evidence of clone sites or impersonators, which reduces the risk of dealing with a fraudulent entity. Nevertheless, traders should approach with caution, as the cryptocurrency market is volatile and the regulatory framework in Seychelles may not offer the same safeguards as more established jurisdictions. We recommend verifying all details independently and starting with a small deposit to test the platform's reliability.