mForex Review 2026

Item: mForex
Rating: 5.49
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: May 09, 2026

Top Brokers Overview — United States

Min. deposit $2,000
Fees 7 /10
Account types 4.3 /10
Regulation 8 /10

5.5 /10

Moderate risk

mForex User Reviews 6.7
Commissions and Fees 7.0
Regulation and Safety 8.0
Account Types 4.3
Deposit and Withdrawal 3.0
Markets and Tradable Assets 5.8
Trading Account Opening 6.0
Customer Support 5.5

mForex Pros & Cons

Reliability of the parent company, operating under the supervision of the state regulator KNF;
Modernized MetaTrader 4 platforms supporting the MQL programming language;
ECN network for Forex and STP execution for all other types of trading instruments;
Tight spreads starting from 0.2 pips for currency pairs and low transaction fees;
No restrictions on automated trading and hedging;
Instant order execution without requotes;
Quality market research and newsfeeds with a focus on the Forex market.

Traders need to deposit a minimum of PLN 2,000 to start trading;
The broker does not offer popular investment solutions such as PAMM or MAM accounts, partnerships, or bonus programs;
Trading is not available on more advanced platforms like MetaTrader 5 and cTrader.

TU Expert Verdict

mForex demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

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mForex User Reviews

Score:

6.7 /10

3 total

5-star

0%
4-star

33%
3-star

67%
2-star

0%
1-star

0%

The main drawback of mForex, for me, is the limited selection of assets, especially currencies. However, the broker suits me in other aspects. Withdrawals are always prompt, taking no more than a day from the request. Transfer fees are not deducted as I use mBank internet banking. My trades are not canceled without reason, except for margin calls. There are no requotes. The desktop platform works smoothly without extended delays. I paid $5 for my last transaction with the USD/CAD pair, a very low cost compared to other brokers. The website publishes insightful analytics, which I regularly use for market analysis.

mForex employs floating spreads and market execution. The platform is not significantly different from the standard MT4, except that it supports smart order functions. The absence of MT5 is still a drawback. There are only 100 CFDs, and trading is not available for stocks, cryptocurrencies, and ETFs. The currency selection is also limited, but the spreads and fees are acceptable. I opened my account at the company's office, not wanting to submit document photos online. The entire procedure took less than 20 minutes, even though I am not an mBank client.

Not wanting to risk PLN 2,000, I initially opened a demo account with mForex. The spread sizes and execution speed suited me, so I transitioned to the real market. On it, the spreads are slightly higher than in the simulator, but just by a couple of pips. Regrettably, trading CFDs on cryptocurrencies isn't allowed, as I am increasingly interested in digital assets. Perhaps I'll have to find another broker for these purposes, but I will continue to use mForex for Forex market transactions. I've never had any issues with fund withdrawals, and the trading conditions are satisfactory.

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Commissions and Fees

Score:

7 /10

The trading and non-trading commissions of mForex have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No deposit fee
No withdrawal fee

Inactivity fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of mForex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, mForex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

mForex Standard spreads
	mForex	OANDA	FOREX.com
EUR/USD min, pips	0.2	0.1	0.7
EUR/USD max, pips	0.5	0.5	1.2
GPB/USD min, pips	0.4	0.1	0.9
GPB/USD max, pips	0.8	0.5	1.4

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

mForex RAW/ECN spreads
	mForex	OANDA	FOREX.com
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	3.00	3.5	5
EUR/USD avg spread	0.10	0.15	0.2
GBP/USD avg spread	0.10	0.2	0.4

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with mForex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

mForex Non-Trading Fees
	mForex	OANDA	FOREX.com
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0-15	0
Inactivity fee ($, per month)	50	0	15

Is mForex Safe?

Score:

8 /10

mForex has a safety score of 8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Tier-1 regulated
Negative balance protection

Track record of less than 8 years

mForex Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
Abbreviation KNF (Poland)	Full Name Komisja Nadzoru Finansowego (KNF) – Polish Financial Supervision Authority	Country of regulation Poland	Investor Protection Fund Up to €20,000 per investor	Regulation Level Tier-1

mForex Security Factors
Foundation date	-
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

4.3 /10

mForex offers the following account options: Demo, Standard, ECN/Raw spread, VIP.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Standard account with balanced trading conditions
Demo account
Low minimum deposit

No Swap Free account
Micro lots are not available

mForex account types vs top competitors
	mForex	Trading.com	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	No	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	No	Yes
VIP	Yes	No	No
Managed	No	No	No

mForex accounts trading conditions

To begin trading with mForex, open a standard account and deposit a minimum of PLN 2,000. Traders closing at least 200 lots in the previous month can upgrade to a VIP account. Standard and VIP accounts have the same spread levels and leverage up to 1:30. The accounts differ in trading fees and additional functions.

Account types:

Account Type	Description
Standard	A basic ECN account is suitable for both beginners and experienced traders. The fee for currency pair transactions is 0.0035%. Group training and standard support are available;
VIP	Account with reduced fees (0.0027%), access to individual training, and support from a personal manager. Designed for active traders with significant trading volumes and a professional approach to capital management.

Before using a user account, you can open a demo account on the MT4 platform with a virtual deposit of PLN 100,000.

mForex standard accounts are suitable for both experienced and novice traders due to low fees and access to trading micro-lots.

Deposit and Withdrawal

Score:

3 /10

mForex received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

mForex offers limited payment options and accessibility, which may impact its competitiveness.

No deposit fee
Bank wire transfers available
No withdrawal fee
Minimum deposit below industry average

BTC payments not accepted
USDT payments not accepted
No bank card option

What are mForex deposit and withdrawal options?

mForex offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making mForex less competitive for those seeking diverse payment options.

mForex Deposit and Withdrawal Methods vs Competitors
	mForex	Trading.com	Plus500
Bank Wire	Yes	Yes	Yes
Bank card	No	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	No	No	No

What are mForex base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. mForex supports the following base account currencies: PLN.

What are mForex's minimum deposit and withdrawal amounts?

The minimum deposit on mForex is $2,000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact mForex’s support team.

Markets and Tradable Assets

Score:

5.8 /10

mForex offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 40 Forex pairs.

Indices trading
Copy trading platform
40 supported currency pairs

Limited asset selection
Bonds not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by mForex with its competitors, making it easier for you to find the perfect fit.

	mForex	Trading.com	Plus500
Currency pairs	40	69	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	100	69	2800
Stocks	Yes	No	Yes
Commodity futures	Yes	No	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	No	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products mForex offers for beginner traders and investors who prefer not to engage in active trading.

	mForex	Trading.com	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	No	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

6 /10

We successfully registered an account with mForex in 12 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at mForex is $2,000.

The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.

Fully online account opening process
Fast registration time (up to 15 minutes)
Low minimum deposit requirement

Account approval may require extra time depending on the documentation.

mForex account opening
	mForex	Trading.com	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$2,000	$50	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	12	20	5
KYC time (days)	2	2	3

Is mForex available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

Creating an account on the mForex website takes no more than 15 minutes. The relevant procedures are as follows.

To create the account creation process, click on "Otwórz rachunek" (Open an account).
Subsequent actions depend on whether you have an account with mBank or mForex. TU experts have chosen the third option from the available list, initiating the registration process from scratch.
Next, indicate the method of confirming personal data — manually or using the eDO application.
Individuals must upload 2 identity documents and confirm the bank account number. When opening an over-the-counter account, it is not necessary to provide your taxpayer identification number (NIP). The broker requests only the PESEL number. Documents do not have to be uploaded online because you can bring them to the mForex office. The account is opened after document verification.

Customer Support

Score:

5.5 /10

Customer support at mForex is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. mForex provides basic support functionality but does not stand out in overall service performance.

Information

Hotline support is available 24/5 on weekdays. The offices in Warsaw operate from 9:00 to 17:00 (GMT+1). Email support is provided from Monday to Friday, 7:00 to 22:00 (GMT+1).

Round-the-clock phone support on trading session days
Communication with company representatives in the Polish language

No real-time online support
Email responses may take up to 24 hours

To contact mForex, you can:

Through the hotline.
Email.
Visit the office.

Note: Before visiting the physical brokerage office, it is necessary to schedule an appointment through the hotline.

Contacts
Registration address	mBank S.A., ul. Prosta 18 00-850, Warszawa, Polska
Regulation	KNF
Official site	https://www.mforex.pl/
Contacts	mforex@mbank.pl +48 22 697 47 74

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FAQs

How is mForex regulated and what investor protection does it provide?

mForex is regulated by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego, KNF), which is classified as a Tier-1 regulator in this review. The broker has a safety score of 8/10, offers negative balance protection, and participates in an investor protection fund that covers up to €20,000 per investor, while its exact foundation date is not specified in the section.

What commissions and fees should traders expect at mForex?

According to the review, mForex has a fees score of 7/10, with low forex trading fees, tight EUR/USD spreads on Standard accounts (typically 0.2–0.5 pips), and ECN accounts that charge a $3 commission per lot with average EUR/USD and GBP/USD spreads of 0.10 pips. There are no deposit or withdrawal fees, but an inactivity fee of $50 per month applies when an account is not used.

What do user reviews and feedback indicate about mForex?

Based on available user reviews, mForex has a user satisfaction score of 6.7/10 from 3 reviews, with 33% of ratings at 4 stars and 67% at 3 stars. This distribution suggests a mixed overall impression, with no 5-star, 2-star, or 1-star ratings reported in the section.

Which markets and tradable assets are available for clients of mForex?

The review states that mForex offers 100 tradable assets in total, including 40 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but does not support options, bonds, or ETFs. It also notes that the overall asset selection is limited compared with the market average, while a copy trading platform is available and products like PAMM investing and managed accounts are not offered.

How does the mForex account opening process work and how long does it take?

The account opening process at mForex is fully online, with registration taking about 12 minutes and KYC verification typically completed within 2 business days, and the minimum deposit set at $2,000. Applicants must provide personal data, upload or deliver identity documents and confirm a bank account number, and the review notes that account approval time can vary depending on the documentation provided.