MB Group Deposit & Withdrawal

When we at FXCanary set out to review MB Group, the first thing that struck us was how little concrete information the broker publishes about deposits and withdrawals. The structured data we hold lists no deposit methods and no withdrawal methods, and the company description itself concedes that regulatory verification is lacking. For a trader, that is already a warning sign: a broker that is opaque about how money moves in and out is a broker that is hard to trust with your capital.

MB Group, founded in June 2024 and operating under the full legal name MB Group Limited, presents itself as a retail CFD provider offering over 250 instruments. But the funding side of the business is where the cracks begin to show. In this deep-dive, we focus exclusively on the deposit and withdrawal experience, drawing on the real user reviews we have collected and the regulatory picture we have pieced together from public registers and industry databases. Our goal is to give you a clear-eyed view of what happens when you send money to MB Group — and what happens when you try to get it back.

MB Group's website and our structured data do not disclose the specific deposit methods available. We cannot confirm whether the broker accepts bank transfers, credit cards, e-wallets, or cryptocurrencies. This lack of transparency is unusual for a broker that claims to serve retail traders, and it makes it impossible for us to verify the security of the funding channels or the speed of deposits.

What we do know is that both account types — the ECN Account and the Standard Account — require a minimum deposit of $200. That is a relatively low barrier to entry, which may appeal to new traders. However, low minimums can also be a lure: scammers often set modest thresholds to attract a wide pool of victims. Without clear information on deposit methods, we advise caution. If you cannot see exactly how your money will be transferred, you cannot assess the risk.

Just as deposit methods are undisclosed, MB Group does not publish its withdrawal methods or any associated fees. In our experience, legitimate brokers usually provide a clear withdrawal policy, including processing times and any charges. The absence of such information at MB Group is a red flag.

The user reviews we collected paint a more troubling picture. One trader reported that after requesting a withdrawal of $114,393.43, they were asked to pay a 19% fee on the profits — $21,734.75 — supposedly for tax purposes. Another review describes being asked to pay a 19% fee and then an additional fee, and still not receiving the funds. These are not isolated complaints; they form a pattern that suggests the broker may be using withdrawal fees as a way to extract more money from clients rather than facilitating legitimate payouts.

Our analysis of the withdrawal-related complaints found seven mentions, with four negative and one positive. The positive review claims that withdrawals arrive quickly, but the negative reviews are far more detailed and alarming. One trader wrote: 'I invested in the mbgroups platform, and when I requested to withdraw my money, they asked me to pay a 19% fee and then asked me to pay another fee. Even after completing the payments, I still did not receive my money.' Another reported being charged a $20,000 penalty for being 'late to cancel' a withdrawal.

These complaints describe a classic scam pattern: easy deposits, but when it comes time to withdraw, the broker invents fees, fines, and penalties. The trader who mentioned the $114,393.43 withdrawal also said they had to borrow money to pay the 19% fee, only to be asked for more. This is not a legitimate business practice; it is a hallmark of a fraudulent operation. The single positive review, which praises quick withdrawals, may be an outlier or even a fake review planted to balance the negative record.

MB Group lists two regulators on file: the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). Our structured data shows an ASIC Derivatives Trading License (STP) with number 296805 and a VFSC Forex Trading License (EP) with number 700455. However, the company description itself states that there is a 'lack of verification from any regulatory bodies like ASIC & VSFC', which contradicts the licence claims.

We cross-checked these licences against public registers and industry databases, and we found no evidence that MB Group Limited is actually authorised by ASIC or VFSC. The licence numbers may belong to other entities, or they may be fabricated. In our assessment, the regulatory picture is at best unclear and at worst deceptive. A broker that falsely claims regulation is a serious red flag, and it directly impacts the safety of your funds. If the broker is not regulated, there is no independent oversight of how it handles deposits and withdrawals.

The speed of withdrawals is a key concern for any trader. Our data shows two mentions of speed, one positive and one negative. The positive review claims that 'withdrawals arrive quickly' and that the platform is reliable. The negative review, however, describes a withdrawal that was delayed for days, with the broker demanding additional payments before releasing funds.

We find the negative account more credible because it aligns with the broader pattern of complaints. In our experience, brokers that delay withdrawals or impose unexpected fees are often trying to discourage clients from withdrawing. The fact that MB Group does not disclose its processing times only adds to the uncertainty. If you cannot know how long a withdrawal will take, you cannot plan your finances, and you are at the mercy of the broker's whims.

The reviews we collected repeatedly mention a 19% fee on profits, which the broker claims is a tax. This is a red flag because legitimate brokers do not deduct taxes from client withdrawals; taxes are a matter between the trader and their local tax authority. Charging a 19% 'tax' on profits is a common scam tactic to extract more money from victims.

One trader also mentioned a $20,000 penalty for being 'late to cancel' a withdrawal. This is an absurd charge that has no basis in legitimate trading. In our assessment, these fees are designed to make it impossible for clients to recover their funds without paying more. The broker may also ask for a 'fine' of $16,500 to 'recover' funds, as another review noted. These are all signs of a fraudulent operation that profits from the desperation of its victims.

While we do not have specific deposit method details, the complaint record suggests that depositing money with MB Group is easy. The broker likely accepts a variety of payment methods, and the low minimum deposit of $200 makes it accessible. However, the ease of depositing is precisely what makes the scam work: once your money is in, the broker has little incentive to let you take it out.

Our analysis of the 'Deposits & funding' topic found two negative mentions and no positive ones. One trader reported that after investing, they were asked to pay more money to recover their funds. Another mentioned being charged a penalty for being late to cancel a withdrawal. These complaints indicate that the funding process is not just about depositing money; it is about the broker finding ways to extract additional payments. We advise traders to be extremely cautious about depositing any funds with MB Group, given the lack of transparency and the negative user record.

Based on our investigation, we cannot recommend MB Group as a safe broker for deposits or withdrawals. The lack of disclosed funding methods, the unverified regulatory claims, and the pattern of withdrawal complaints all point to a high risk of losing your money. If you are considering trading with MB Group, we strongly advise you to look for a fully regulated broker with a transparent funding policy.

If you have already deposited funds and are facing withdrawal issues, do not pay any additional fees or fines. These are almost certainly scams designed to take more of your money. Instead, report the broker to your local financial regulator and seek legal advice.

You should also consider contacting your payment provider to see if you can reverse the transaction. Remember, a legitimate broker will never ask you to pay a fee to release your own funds. Protect yourself by staying informed and by choosing brokers that are verifiably regulated and have a clean user record.