According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- no
- MBH Bank mobile app
- No
- Fractional shares
- Automated rebalancing
- Low fees.
Our Evaluation of MBH Bank
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
MBH Bank is a high-risk broker with the TU Overall Score of 2.64 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by MBH Bank clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
MBH Bank is a reliable and stable bank offering a wide range of services to Hungarian clients and supporting environmental initiatives.
Brief Look at MBH Bank
MBH Bank is one of leading Hungarian banks, headquartered in Budapest. Formed in 2023 through the merger of MKB Bank and Takarékbank, MBH Bank offers a comprehensive range of financial services, including bank accounts, loans, investment products, and insurance to both individuals and businesses.
The bank is committed to sustainable development and focuses on building infrastructure and products that support its clients' goals. MBH Bank also provides mobile and internet banking services, offering its clients convenient access to their finances.
MBH Bank is regulated by the National Bank of Hungary (MNB).
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- Extensive branch network across Hungary;
- Wide range of financial services for various categories of clients;
- Support for sustainable development and environmental initiatives;
- User-friendly and advanced digital banking services;
- Reliability and experience confirmed by a long-standing existence.
- Primary activities are limited to the Hungarian market;
- Higher fees compared to international banks may apply.
TU Expert Advice
Financial expert and analyst at Traders Union
MBH Bank boasts an extensive branch network throughout Hungary, ensuring easy access for its clients. The bank offers a comprehensive range of financial services, including bank accounts, loans, investments, and insurance. With a commitment to sustainability, MBH Bank provides environment-friendly financial solutions. The bank's advanced digital banking services offer convenience and flexibility.
However, its primary focus on the Hungarian market may limit international operations. Additionally, its fees may be higher compared to some international banks. Despite these limitations, MBH Bank's strong reputation, extensive experience, and client focus makes it a great choice for Hungarian clients seeking reliable financial services.
MBH Bank Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | MBH Bank mobile app |
|---|---|
| 📊 Accounts: | Standard Investment Account |
| 💰 Account currency: | HUF, EUR, and USD |
| 💵 Deposit / Withdrawal: | Bank cards and bank transfers |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 EUR/USD spread: | Based on the investment type |
| 🔧 Instruments: | Stocks, bonds, and mutual funds |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Automated rebalancing |
| ⭐ Trading features: |
Fractional shares; Automated rebalancing; Low fees. |
| 🎁 Contests and bonuses: | No |
MBH Bank offers simple and reliable investment packages, making it an excellent choice for investors of all levels.
MBH Bank Key Parameters Evaluation
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Trading Account Opening
To start investing with MBH Bank, create a user account on its website following simple steps.
Go to the MBH Bank website or download its app from the App Store or Google Play Market.
Open the app and click “Create Account”. Then provide your email and create a reliable password.
Provide your first and last names, address, and date of birth.
Answer questions to estimate your risk tolerance and investment goals.
Pass identity verification by providing required documents.
Link your bank account to your MBH Bank’s user account for convenient transfers.
Additional features of MBH Bank’s user account allow traders to:
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Set up and manage investment plans;
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Make deposits and withdrawals;
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View financial statistics and reports;
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Contact client support.
Regulation and safety
MBH Bank prioritizes investor protection by adhering to strict regulatory standards set by the National Bank of Hungary. Additionally, client deposits are insured by the National Deposit Insurance Fund (NDIF) up to EUR 100,000 per client in case of the bank's insolvency.
Advantages
- MNB regulation
- Participation in NDIF
- Transparent fee structure
Disadvantages
- Limited investment options
- Focus on the Hungarian market
- Higher fees compared to international banks
Commissions and fees
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Management fees: MBH Bank charges management fees for its investment services, which vary based on the type and volume of services provided. These include a fixed account management fee and a variable investment management fee.
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Total Expense Ratio (TER): The funds in MBH Bank's portfolio have a low TER, which is automatically deducted from the fund's returns.
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Withdrawal fees: MBH Bank does not charge any additional withdrawal fees.
MBH Bank offers diverse investment instruments such as stocks, bonds, and mutual funds but does not provide trading in Forex, metals, cryptocurrencies, CFDs, or options
Conclusion. MBH Bank offers a transparent and competitive fee structure. With management fees ranging from 0.50% to 0.75%, the bank provides favorable conditions for long-term investors seeking reliable investment management. Fractional shares and automated rebalancing, combined with the absence of hidden transaction or withdrawal fees, make MBH Bank an attractive choice.
| Broker | Average commission | Level |
|---|---|---|
|
$0.5 | |
|
$2 |
Account types
MBH Bank offers a user-friendly investment platform accessible to all, regardless of investment experience.
Account type:
Steps to start investing with MBH Bank:
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Download the MBH Bank app from App Store or Google Play Market.
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Register and create a user account by following the in-app instructions. Provide your personal information and complete a risk tolerance questionnaire.
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Choose your investment plan based on your risk profile and financial goals.
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Automate your savings by setting up regular contributions.
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Use the app to monitor your investments, track performance, and make adjustments as needed. The platform also handles automatic rebalancing to optimize your portfolio.
Deposit and withdrawal
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MBH Bank offers two withdrawal methods: bank cards and bank transfers. E-wallets are not supported.
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Withdrawal fees are not charged.
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Withdrawal requests are processed quickly, although the website does not provide exact processing times.
Investment Options
MBH Bank offers a range of investment programs tailored to the needs of both individual and corporate clients, seeking capital growth and long-term investments.
Automated investment plans
MBH Bank’s basic program focuses on automated passive investments:
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Diversified Portfolios. The bank provides access to various investment portfolios that include stocks, bonds, and other assets.
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Low Fees. Fees are transparent and competitive.
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Automated Rebalancing. MBH Bank ensures the best portfolio balance according to investor goals.
Investor comfort
MBH Bank offers user-friendly digital investment management services, including mobile and online banking. All investments are protected and regulated by adhering to strict security measures.
Customer support
MBH Bank offers reliable and responsive client support.
Advantages
- Availability during business hours
- Several communication channels
Disadvantages
- No live chat on the website
- Limited text support options
Available communication channels:
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Email;
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Direct access through MBH Bank app;
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FAQs on the website and in the mobile app.
Contacts
| Registration address | Váci út 38, 1132 Budapest, Hungary |
|---|---|
| Regulation | the National Bank of Hungary |
| Official site | https://www.mbhbank.com |
| Contacts |
Education
MBH Bank offers a variety of educational resources on its website and mobile app to help users understand the basics of investing, including the benefits of diversification and passive investing.
Help Center
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Educational Blog. It features articles covering diversification, passive investing, and investment tips for novice investors.
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Investment Guides. These are tutorials explaining the MBH Bank investment process, including automated rebalancing, fractional shares, and fee structure.
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Support and FAQs. Here investors may find answers to their questions and request assistance in solving problems.
Detailed review of MBH Bank
MBH Bank offers a diverse range of investment products, including stocks, bonds, and mutual funds. The bank prioritizes investor security, low fees, and automated investment management.
Key features of MBH Bank:
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Investment options. MBH Bank offers diverse investment instruments, including stocks, bonds, and mutual funds.
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Security and regulation. Client funds are protected by strict security measures and regulatory compliance.
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User experience. MBH Bank offers user-friendly digital tools for investment management, such as online banking and mobile apps. Automated investment plans and portfolio rebalancing further simplify the investment process.
Useful services offered by MBH Bank:
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Investment Calculator. This tool allows clients to plan their investments based on different scenarios.
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Pension Planner: It helps estimate future pension based on current savings and contributions.
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Portfolio Analysis. Detailed information on portfolio composition and performance is available here.
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Compound Interest Calculator. This tool demonstrates the impact of compound interest on investments, helping the bank’s clients estimate capital growth.
Advantages:
User-Friendly Platform. The MBH Bank intuitive mobile app ensures seamless investing experience.
Automated Investment Plans. Monthly automated investments provide for regular capital growth without active management.
Low Fees. The transparent fee structure makes the investment process accessible and profitable.
Fee-Free Withdrawals. There are no additional transaction or withdrawal fees.
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