WikiFX

Reply

Based on my review and experience evaluating MBKET, I found that the broker does not provide clear or specific information about their spread types—whether fixed or variable—on their public channels. This absence of detail immediately raises a concern for me, particularly since MBKET operates without any formal regulatory oversight. When a broker is unregulated, transparency in all aspects—especially regarding trading conditions like spreads and execution quality—is crucial since traders have fewer avenues for recourse in the event of disputes or irregularities. In my experience, with brokers that do not clarify their spread model, it is very likely spreads are variable and may be susceptible to significant widening, particularly during moments of heightened volatility or major news releases. During such periods, market liquidity often drops and price movement accelerates, which almost always leads to higher costs of trading unless the broker explicitly offers fixed spreads (which MBKET does not claim to do). For me, this lack of clear communication represents a material risk, both in terms of unpredictable costs and potential execution issues at critical market times. In summary, because MBKET is unregulated and does not publish concrete information about spreads, I find it difficult to trust their pricing or reliability, especially when the market is volatile. For my trading, this lack of transparency is a major factor that makes me extremely cautious about considering MBKET as a viable broker.