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Overview

Company MBCFX has been operating in the field of brokerage services since 2007 and it has been able to enter the international level, having opened representative offices in different countries during its existence. The Head Office of the company is located in Tunisia, and representative offices are situated in Cairo, Saudi Arabia and India.

Official site of the company supports English, Russian, German, Chinese, Polish, French, Arabic, giving traders from different countries the opportunity to use the services of the broker.

Novice traders can take advantage of numerous free educational materials and completely study Internet trading. Company also offers free opening of demo accounts, and opening of real accounts is carried out after submission of all necessary documents that confirm the identity and the customer's place of residence.

Bonuses

Currently there are no promotions for traders on the site of the MBCFX, which could allow them to get some cash prizes. The first deposit Forex bonuses and bonuses for the secondary replenishment of the deposit are not paid. Contests for traders with cash prizes are not held.

Training

A large number of educational materials about trading on the foreign exchange market are published on the official website of the MBCFX. All materials can be studied for free, and if traders have questions, they may contact employees of the company, who will always answer them.

Educational materials, dedicated to trading on the foreign exchange market:

1. Facts about the Forex market:

- history of the appearance of the currency market

- liquidity of the foreign exchange market

- conditions of trading on the currency market.

2. What is Forex:

- foreign exchange market

- advantages of trading on the market

- stability of the currency market.

3. Advantages of the foreign exchange market:

- self-employment

- trading 24 hours a day

- trading from any place on Earth

- trading volumes on the Forex market

- margin trading

- full awareness

- profiting in bear and bull market.

4. Technical analysis of the Forex market:

- introduction to technical analysis (price patterns, price analysis)

- concepts of technical analysis (diagrams, histograms, charts, patterns)

- recognition of basic patterns (triangle, pennant, flag, head and shoulders, double bottom)

- support and resistance (Edwards and Magee's criteria)

- moving averages

- basics of trading on the currency market by two moving averages

- technical indicator MACD and how to use it.

5. Fundamental analysis:

- introduction to fundamental analysis

- employment

- GDP

- Forex fundamental indicators

- industrial production

- housing

- trading, production, sales and stocks

- Consumer Sentiment Indices

- Consumer Price Indices

- Institute of Inventory Management

6. Correct risk management while working on the currency market:

- volatile markets

- unanticipated adjustments of foreign exchange rates

- shocking changes in rates

- risk management techniques using orders (stop loss and trailing stop-loss).

7. Rules for trading of the successful trader:

- trading using your own capital

- self-confidence in trading

- expected profit and its distribution

- attitude towards opinions of professional analysts

- work strictly according to the plan

- trading in a relaxed atmosphere

- margin trading

- high self-esteem and troubles associated with it

- rules for market entry.

Broker offers beginners to open demo accounts after studying Internet trading. Demo accounts allow novice traders to start trading on the Forex market on real conditions, but with virtual money. They allow customers to acquire practical knowledge about currency pair trading, as well as testing their own strategies, technical indicators and expert advisors, if necessary.

Terms of trading

MBCFX offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $500

- the leverage is from 1:100 to 1:200

- a large number of currency pairs, commodities, crude oil, gold, silver, futures, options

- fixed spread is from 2 points

- floating spread is from 0 points

- market swap

- scalping is available

- hedging is available.

MetaTrader 4

- multi-language support

- order execution - Instant Execution

- huge database of embedded Forex indicators

- addition of new technical indicators

- creation and installation of the Forex expert advisor on MetaQuotes Language 4

- export and import of currency quotes

- chart printing.

MBCFX CFD Pro

- multi-language support

- order execution - Instant Execution

- charts and diagrams

- in-depth technical analysis on the basis of numerous tools

- connection of Forex expert advisors

- historical data.

MBCFX Currenex Platform (for corporate clients)

- multi-language support

- trading using rates of the interbank foreign exchange market

- one click trading

- spreads are from 0 points

- tools for technical analysis.

To open a trading account in the MBCFX Company, it is necessary to fill in a special form, attaching copies of identity documents to it, and confirm the residence by providing copies of utility bills.

Company MBCFX offers two types for private and corporate clients:

- Private

- Corporate.

Trading account Private (for private persons):

- the minimum deposit is $500

- fixed spread is from 2 points

- the leverage is on a request

- no commission.

Trading account Corporate:

- the minimum deposit is $100,000

- floating spread is from 2 points

- the leverage is on a request

- commission.

When traders open one of the trading accounts they should indicate in a special form the desired leverage for trading on the foreign exchange market, as employees of the company have to approve it.

Forex indicators (recommended)

- Steinitz Fractal Breakout

- Instant Trend Line

- Range Expansion Index

- Belomor Trend Factor

- Super Signals Channel.

Forex expert advisors (recommended)

- Progressor v 1.9 (an automated Forex expert advisor that operates on the foreign exchange market using method of averaging, giving an opportunity to use it for trading any currency pair and in any time frame)

- PipLaser 1.02 (an automated Forex expert advisor, based on two technical indicators Fractals and Moving Average, and the minimum number of settings allow even novice traders to use it in trading)

- Forex EA Better (an automated Forex expert advisor that has numerous settings, giving an opportunity to set it up for trading in various time frames on different currency pairs, and its neural network makes it capable of self-learning).

Investments

Company MBCFX offers its customers to invest finances in successful traders, who show steady profits while trading on the international currency market.

A special system Money Managers is created for investing. In this system, managers have access to the master accounts LAMM, using which they can work with several trading accounts simultaneously. PAMM system enables investors to connect to the master accounts of traders, i.e. transfer funds in trust management. The entire process of investing is completely transparent, and investors can monitor the operation of the manager, withdrawing funds from the master account, if necessary. Managers receive for their work a certain percentage of profits on the basis of a contract offer, which is concluded before investing.

Profit, obtained by the manager in the past, does not guarantee it in the future, as trading on the foreign exchange market is associated with high risks.

Unique features

Company MBCFX invites all traders to take part in its affiliate program, participating in which they will be able to earn extra income from the Forex market.

The affiliate program is aimed at attracting new customers, and it has several directions:

- Introducing Broker

- Financial Manager

- White Label.

Introducing broker is provided with the back office and all necessary marketing materials, which later will help him to attract effectively new customers. Company will pay a commission to the partner from all attracted clients, which mainly depends on their total trading volumes.

Financial manager independently manages accounts of attracted customers with the help of the administrative tools, offered by MBCFX. Company pays a commission to the manager from all accounts that are controlled by the financial manager.

White Label is the direction that gives legal persons and financial companies an opportunity to start their own business under the new brand using all the tools provided by the company MBCFX. Profits of the partners depend on their initiative.

Add/withdraw funds

Company MBCFX offers traders the following methods to deposit and withdraw funds: MasterCard, Visa, MoneyBookers, American Express and bank transfers.

Contacts

Company MBCFX supports clients concerning all their questions via live-chat, e-mail: [email protected] (Information Department), [email protected] (Sales Department), [email protected] (technical support), [email protected] (Trading Department). They can also contact the company via the feedback form or call the international number + 44-124-555-0400.

Cons and pros

+ the world famous broker

+ small spread

+ good leverage

+ many learning materials

- the minimum deposit is $500

- no Forex bonuses

- no contests for traders

- few ways to deposit und withdraw funds from accounts.

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