Broker Summary
What Wikilix has recorded about MC900: its history, the licences it holds, its trading conditions and its fees.
Introduction and Overview
In the rapidly integrating and sophisticated realm of financial trading operations, choosing a trustworthy broker becomes the key imperative for traders wishing to successfully and comprehensively navigate financial markets and opportunities. MC900 markets itself as a broker for financial trade and as a financial services firm that provides traders with access to various financial instruments and trade platforms. But even though MC900 operates online, very limited and trustworthy information is available about this firm.
This paper will try to offer a full discussion on MC900 based on secondary sources, to draw important points such as compliance, market conditions, charges, and user friendliness. The official site of the broker is accessible, but it’s quite limited, and so it’s necessary to consult other references to learn important aspects about MC900.
Background and History
There has been limited data provided about the establishment and development stages of the company, referred to by the name MC900. It has been suggested from the external sources that the broker has remained active for around 2 to 5 years, yet there has been no specific information released about the establishment and key developments in the company.
As there are no credible records available to support the necessary information, the trader/ investor is urged to tread with care before interacting with the services of MC900. Lack of a clear company history stands out as a significant missing piece that contributes to the reliability assessment of the broker.
Important Attributes and Offerings
MC900 allegedly provides account registration processes that include identity verification, which is aimed at meeting regulatory requirements. But this has not been confirmed. The broker is said to facilitate deposits using traditional money and cryptocurrency such as Bitcoin and USDT, though there is no information regarding the safety of deposits.
Details regarding the trading products that can be traded using the MC900 are not revealed in the public domain. Likewise, information on the types of trading accounts that can be opened, the trading platforms that are supported, or any additional tools such as learning centers or market analysis support is not explicitly available.
The above-mentioned factors, though essential
The aspect of regulation is also a key consideration in determining the reliability of any trading broker. For MC900, to the best of my knowledge, there are no known legitimate or authentic licenses from any foreign exchange regulator. The broker is purported to be regulated by CYSEC (Cyprus) and FCA (UK), but these are marked as suspicious by secondary verification.
The risk management index available for MC900 is zero, and this shows the potential risk the traders are exposed to is high by registration. A zero confirmed regulation implies there are no proven guidelines associated with the broker’s regulation and adherence upon registration.
Regulator
License Number
Status
CYSEC (Cy
Unverified
Cred
FCA (UK
Unverified
Suspicious
Other Regulators
N/A
None
Trading Conditions and Platform Technology
----------------------------------------
Detailed information regarding trading terms on MC900, such as spreads, leverage offered, minimum deposits, and commission charges, cannot be disclosed. This information makes it difficult to evaluate just how competitive trading on MC900 proves to be.
Likewise, there is no information available about the platforms for conducting trades that are facilitated by the MC900, whether it supports such platforms as MetaTrader 4 and/or MetaTrader5, or whether it has proprietary and mobile trade platforms.
Trading Condition
Details
Spreads
Not specified
Leverage
Not indicated
Minimum Deposit
Not disclosed
Commissions and Fees
A
Not disclosed
|
-----------------------------------------------
Not provided
Fee Structure
MC900 allegedly processes withdrawal requests in 1 to 3 business days. The withdrawal process sometimes has a zero fee, although the bank may charge otherwise. No specific data exists concerning any deposit fees, inactivity fees, or other possible deductions a trader may encounter.
The reason for this is that it is difficult to analyze the cost structure of the product MC900, given that there is no comprehensive list of the associated fees.
Fee Type
==========
Data
Deposit Fees
Not Applicable
Withdrawal Fees
Commonly free; bank dependent
Inactivity Fees:
Not disclosed
Commission
Not disclosed
User Experience and Market Reputation
Let us highlight the
Being that there is limited information and a lack of customer reviews, it is not possible to determine the user experience when utilizing MC900. Secondary research depicts a broker that should be handled carefully, mostly because it is not clear how it operates as a result of regulatory issues.
Absent any feedback on these aspects from the trading community and without any audits, it is hard to assess the level of customer service, execution speed, or satisfaction levels that are offered by MC900. These are some points that a potential trader should consider before sending any money to a broker.
Conclusion
MC900 prides itself on being a trading broker in the financial services industry, although the fact that little credible information exists, coupled with the lack of government regulations, should raise serious concerns. Little data exsts regarding the company’s background information, the terms and conditions under which it conducts trading, the technology that drives the platform, and the commissions involved. Would-be traders should approach the MC900 with caution and a focus on very thorough diligence before considering working with brokers who have a proven record before the regulatory bodies and clearer levels of operation. The presence of potential risk factors and a lack of clear understanding of the MC900 offerings should act as a warning towards using the MC900 for trading purposes.
Regulatory Licenses
MC900 is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked row is not a finding either way.
How far our check got
- 6 not yet checked
SFCTier 1
What the register says
- Licence number
- AXT242
- Type
- Dealing in securities
Client protection under this licence
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Client money kept separate
- Negative balance protection
- Complaints routeSFC Complaints / FDRC
- Maximum leverage1:13
These are the rules SFC sets for the firms it licenses. They are not a statement about how MC900 applies them, or about which of its companies would hold your account.
About Securities and Futures Commission
Onshore regulatorGovernment bodyCompensation: No mandatory insurance (but strict fund segregation)Public registerTransparency: high- Typical cost of this licence
- HKD 500000+
SFCTier 1
What the register says
- Licence number
- AXT242
- Type
- Advising on securities
Client protection under this licence
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Client money kept separate
- Negative balance protection
- Complaints routeSFC Complaints / FDRC
- Maximum leverage1:13
These are the rules SFC sets for the firms it licenses. They are not a statement about how MC900 applies them, or about which of its companies would hold your account.
About Securities and Futures Commission
Onshore regulatorGovernment bodyCompensation: No mandatory insurance (but strict fund segregation)Public registerTransparency: high- Typical cost of this licence
- HKD 500000+
SFCTier 1
What the register says
- Licence number
- AXT242
- Type
- Asset management
Client protection under this licence
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Client money kept separate
- Negative balance protection
- Complaints routeSFC Complaints / FDRC
- Maximum leverage1:13
These are the rules SFC sets for the firms it licenses. They are not a statement about how MC900 applies them, or about which of its companies would hold your account.
About Securities and Futures Commission
Onshore regulatorGovernment bodyCompensation: No mandatory insurance (but strict fund segregation)Public registerTransparency: high- Typical cost of this licence
- HKD 500000+
CySECTier 2
What the register says
- Licence number
- 299/16
- Type
- Financial Service
Client protection under this licence
- Compensation schemeUp to €20000 (ICF)
- Client money kept separate
- Negative balance protection
- Complaints routeCyprus Financial Ombudsman
- Maximum leverage1:30
These are the rules CySEC sets for the firms it licenses. They are not a statement about how MC900 applies them, or about which of its companies would hold your account.
About Cyprus Securities and Exchange Commission
Onshore regulatorGovernment bodyCompensation: Up to €20000 (ICF)Public registerTransparency: high- Typical cost of this licence
- €50000-100000
FSCTier 3Offshore
What the register says
- Licence number
- GB23201764
- Type
- Financial Service
Client protection under this licence
- No compensation scheme
- Complaints routeFSC Complaints
- Maximum leverage1:1000
These are the rules FSC sets for the firms it licenses. They are not a statement about how MC900 applies them, or about which of its companies would hold your account.
About Financial Services Commission
Offshore regulatorGovernment bodyNo compensation schemePublic registerTransparency: medium- Typical cost of this licence
- USD 20000-30000
FSATier 3Offshore
What the register says
- Licence number
- SD184
- Type
- Dealing in securities
Client protection under this licence
- No compensation scheme
- Complaints routeFSA Enquiries
- Maximum leverage1:1000
These are the rules FSA sets for the firms it licenses. They are not a statement about how MC900 applies them, or about which of its companies would hold your account.
About The Seychelles Financial Services Authority
Offshore regulatorGovernment bodyNo compensation schemePublic registerTransparency: low- Typical cost of this licence
- USD 10000-20000
Funding Methods
4 ways to fund an account. 2 with no deposit fee. 3 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| Credit/Debit Cards (Visa/Mastercard)Credit CardWithdrawals may take up to 5 days depending on broker; no fees typically. | Free | Free | USD 50 | USD 5Not recorded | Instant |
| Bank Transfer (Wire/SWIFT)Bank TransferThird-party fees apply; withdrawal fees average A$20 at Pepperstone; processing times vary. | Not recorded | AUD 20 | USD 50 | USD 100Not recorded | 2 days |
| E-Wallets (Skrill, Neteller, PayPal, FasaPay)E-WalletWithdrawals often instant or up to 3 days; no fees typically; minimum withdrawal $5. | Free | Free | USD 1 | USD 5Not recorded | Instant |
| Other (POLi, BPay, Union Pay)OtherSubject to geographic restrictions; availability varies by broker and region. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |

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