MG Group

Overview of MIBD

MIBD Group is a diversified enterprise with nearly 20 years of history. The Group's business mainly includes real estate development and operation management, property investment and leasing, financial investment services, and consultancy management. In terms of finance, MJF International Fund Limited was established in 2007, and MIBD-Gold has developed into a one-stop global financial supermarket for “gold, stocks, futures, foreign exchange, capital, insurance, banking, and loans” and obtained a Class AA license from the Chinese Gold and Silver Exchange in Hong Kong in 2008 (Membership No. 023), to carry out the business of physical gold recovery, approved delivery of gold bars, foundry, warehousing, trading of physical gold bars, global distribution, and agency for gold and silver coins.

Is MIBD legit or a scam？

MIBD is regulated by the Chinese Gold & Silver Exchange Society(CGSE), and the regulation license classifies MIBD as a reputable financial institution that has met the necessary requirements and standards to operate within the financial sector.

Under the supervision of the Hong Kong regulatory body, MIBD's operations are conducted in accordance with the established guidelines and regulations. This ensures that the interests of investors and market participants are safeguarded, promoting transparency, fairness, and efficiency in the financial market.

MIBD's license number is 023, serving as a unique identifier that confirms its status as a licensed financial institution. This license is granted solely to MIBD and is not transferable or shareable with any other entity, emphasizing the exclusivity and responsibility associated with its operation.

To learn more about MIBD and its regulated services, interested parties can visit the licensed institution's website at http://www.mibd-gold.com. Additionally, for further inquiries or information, the licensed institution can be contacted directly at the phone number (852) 37508888.

Pros and Cons

MIBD, regulated by the Chinese Gold & Silver Exchange Society, offers several advantages and disadvantages. On the positive side, MIBD offers the convenience of free deposits and withdrawals, making it easier for users to manage their funds. The availability of demo accounts allows users to practice and familiarize themselves with the platform before committing real funds. MIBD also offers a range of professional services related to gold and silver, providing expertise and guidance in these markets. The use of the MT4 trading platform is another advantage, offering a widely recognized and versatile platform for trading.

However, there are also drawbacks to consider. MIBD has a high margin requirement, which may limit accessibility for some traders who do not have substantial capital. Additionally, the trading commissions charged by MIBD are relatively high, which can impact overall profitability. It's important for potential users to weigh these pros and cons to determine if MIBD aligns with their trading needs and preferences.

Market Instruments

MIBD, established in 2007, obtained its license as a member of the Gold and Silver Exchange Society and Gold Group from RNA Holdings Limited, a former listed company on the Stock Exchange of Hong Kong. After a lengthy negotiation and processing period involving various authorities, MIBD successfully obtained the necessary license on August 5, 2008.

This approval enabled MIBD to operate as an authorized precious metal dealer, engaging in a range of activities such as physical gold recovery, approved gold bar casting, foundry casting, warehousing, physical gold bar trading, global distribution, and acting as an agent for gold and silver coin products from different countries.

Account Types

While the specific account types are not mentioned in MIBDs provided information, it is highlighted that MIBD provides demo accounts to help reduce customer losses. This feature allows investors to practice trading without risking real funds, which can be beneficial for gaining experience and understanding the platform.

One advantage of opening an account with MIBD is that there is no fee associated with the account opening process. Additionally, MIBD does not impose a minimum capital requirement for new accounts, meaning that investors can start with any amount they are comfortable with, even if it is a small sum.

By offering demo accounts and waiving account opening fees and minimum capital requirements, MIBD aims to provide a more accessible and flexible trading experience for investors.

Demo Account

MIBD also provides free demo accounts for investors, who can apply for registration through the client installed on PC computers or mobile phones/tablets. The demo account and the real account of the same trading platform will use the same software, see the precious metal quotes and carry out exactly the same mode of operation. Demo accounts are not allowed to use the telephone system for trading.

How to Open an Account？

To open an account with MIBD International Bullion Limited, you can follow these general steps:

1. Visit the MIBD website: Go to the official website of MIBD International Bullion Limited. The website URL you provided is https://www.mibd-gold.com/.

2. Navigate to the account opening section: Look for a section on the website that provides information or guidelines on opening an account. This may be labeled as “Open Account”.

3. Review account types and requirements: MIBD may offer different types of accounts with varying features. Take the time to review the available options and determine which account type suits your needs.

4. Complete the online application form: On the MIBD website, you should find an online application form for opening an account. Fill out the form accurately and provide all the requested information.

5. Submit the application: Once you have filled out the application form, submit it through the designated online submission process. This could involve clicking a “Submit” button or following instructions provided on the website. Ensure that all the information provided is accurate before submitting.

6. Fund your account: Follow the instructions provided by MIBD to deposit funds into your account. This could involve bank transfers, online payment methods, or other specified payment options.

Spreads &Commissions

MIBD provides floating spreads for gold and silver trading. The specific spread amount may vary depending on market conditions and other factors. Additionally, MIBD charges a commission for each open trade, ranging from $0 to $50 per lot. The exact commission will depend on the size of the trade and other factors determined by MIBD.

It's crucial to remember that different brokers may have their own business models and fee structures, which can result in varying spreads and commissions. Therefore, it is recommended to compare the spreads and commissions offered by different brokers before making a decision. By comparing these factors, you can assess which broker provides the most favorable terms for your trading needs.

To obtain accurate and up-to-date information regarding MIBD's specific spreads, commissions, and any other associated fees, it's advisable to refer to their official website or contact their customer service. This will ensure that you have the most accurate and current details to make an informed decision about your trading activities.

Trading Platforms

MIBD provides traders with the most popular MT4 trading platform in the world. MT4 allows traders to use technical indicators and graphical objects for trading and analyzing the precious metals trading market. Thus, MT4 is one of the best trading platforms for precious metals, supporting multiple platforms. Traders can download MT4 on their iPhone and iPad and trade precious metals anytime, anywhere.

It also has a proprietary platform that named MG Trader, and can be downloaded in a variety of devices, including iPhone/iPad, Android, and Huawei.

Deposit & Withdrawal

MIBD International Bullion Limited offers online deposit and withdrawal options for traders, and in general, they do not impose fees for these transactions. However, it's important to note that there is a flat fee of $3 applied if a client makes a single withdrawal of less than $50. This means that if you withdraw an amount less than $50 in a single transaction, a fee of $3 will be charged.

Please keep in mind that specific fee structures and policies may be subject to change over time. It's always advisable to consult the latest information available on MIBD's official website or contact their customer service for the most accurate and up-to-date details regarding fees and charges associated with deposits and withdrawals.

Customer Support

If clients have any inquiries or trading-related issues, they can easily get in touch with MIBD through various contact channels. For immediate assistance, clients can reach out to MIBD via telephone at +852 3750 8889. Alternatively, they can send their queries or concerns via email to cs@mibd-gold.com. MIBD's registered company address is located at 18F, MG Tower, No.133 Hoi Bun Road, Kwun Tong, Hong Kong. It is conveniently accessible via the MTR Kwun Tong line, specifically Ngau Tau Kok Station exit B6. Clients can utilize these contact channels to seek support, clarify doubts, or address any trading-related matters with MIBD.

Conclusion

In conclusion, MIBD International Bullion Limited is a regulated financial institution authorized by the Chinese Gold & Silver Exchange Society (CGSE) with license number 023. Operating under the supervision of Hong Kong's regulatory body, MIBD adheres to established guidelines and regulations, ensuring transparency, fairness, and efficiency in the financial market. MIBD offers advantages such as free deposits and withdrawals, demo accounts for practice, a range of professional services related to gold and silver, and the use of the widely recognized MT4 trading platform. However, some potential drawbacks include a high margin requirement and relatively high trading commissions. Traders should consider these pros and cons to determine if MIBD aligns with their trading needs and preferences. For further information, individuals can visit MIBD's official website or contact their customer support through various channels.

FAQs

Q: Is MIBD a legitimate company or a scam？

A: MIBD is a regulated financial institution, authorized by the Chinese Gold & Silver Exchange Society (CGSE), and its license number is 023, confirming its status as a licensed institution.

Q: What market instruments does MIBD offer？

A: MIBD offers a range of market instruments, including physical gold recovery, approved gold bar casting, foundry casting, warehousing, physical gold bar trading, global distribution, and acting as an agent for gold and silver coin products.

Q: Does MIBD provide demo accounts？

A: Yes, MIBD offers free demo accounts. Traders can apply for registration through the client software installed on PC computers or mobile devices.

Q: What trading platforms are available with MIBD？

A: MIBD offers the popular MT4 trading platform, and its proprietary platform available for download on various devices.

Q: How can I contact MIBD's customer support？

A: For immediate assistance, you can reach MIBD via telephone at +852 3750 8889. Alternatively, you can send inquiries or concerns via email to cs@mibd-gold.com.