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(024) 39 44 55 66


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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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MSB · WikiFX Survey

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MSB · Company Summary

Aspect Information
Company Name MSB
Registered Country/Area Vietnam
Founded Year 2019
Regulation Unregulated
Minimum Deposit $100
Market Instruments Forex,Commodities,Funds,Stocks
Account Types Individual account,joint account
Spreads&commissions As low as 0 pips
Trading Platforms MSB MBANK app
Demo Account Available
Customer Support,Phone: 19006083
Deposit & Withdrawal MSB Mastercard World Elite,MSB Visa Signature Dining,MSB Mastercard SuperFree,MSB Mastercard mDigi

Overview of MSB

MSB, established in 2019 in Vietnam, is an unregulated financial entity offering a variety of market instruments, including Forex, commodities, funds, and stocks. It caters to a diverse clientele with a minimum deposit requirement of $100 and provides the flexibility of individual and joint accounts.

Known for competitive trading conditions, MSB boasts spreads as low as 0 pips and operates its own dedicated trading platform, the MSB app.

The firm also offers a demo account for practice and familiarization purposes. Client support is accessible via email at and phone at 19006083, and it accommodates various deposit and withdrawal methods,demonstrating its adaptability to the needs of Vietnamn market participants.

Overview of MSB

Is MSB Legit or a Scam?

MSB operates as an unregulated financial company in Vietnam. The absence of regulation implies that it does not fall under the supervision and oversight of any financial regulatory authority.

This status can be a critical factor for potential clients to consider, as it often raises concerns about the level of investor protection, transparency, and recourse available in the event of disputes or financial irregularities.

Without the oversight from regulatory bodies, which enforce stringent standards and practices in the financial industry, clients of unregulated entities like MSB may have to exercise extra caution and conduct thorough due diligence before engaging in financial activities with them.

Pros and Cons

Pros Cons
Diverse Market Instruments Unregulated
Low Minimum Deposit Limited Global Reach
Competitive Spreads Limited Platform Options
Custom Trading Platform Potential Risks with Unregulated Entities
Multiple Payment Options Customer Support Limitations

Pros of MSB:

  1. Diverse Market Instruments: Offers a range of trading options, including Forex, commodities, funds, and stocks, catering to a wide array of investment preferences.

  2. Low Minimum Deposit: With a minimum deposit of just $100, it is accessible to a broader range of investors, including beginners and those with limited capital.

  3. Competitive Spreads: Offers attractive trading conditions with spreads as low as 0 pips, beneficial for cost-effective trading strategies.

  4. Custom Trading Platform: The MSB app provides a tailored trading experience, potentially offering unique features and user-friendly interface.

  5. Multiple Payment Options: Supports a variety of deposit and withdrawal methods, including direct payment, online payment, UPI, and traditional banking methods like NEFT, RTGS, and Cheque, accommodating different user preferences.

Cons of MSB:

  1. Unregulated: Lacks oversight by any financial regulatory authority, raising concerns about investor protection and operational transparency.

  2. Limited Global Reach: Being based in Vietnam, its services and user experience might be primarily tailored to the Vietnamn market, potentially limiting its appeal to international traders.

  3. Limited Platform Options: Offers only its proprietary trading platform (MSB app), which might lack certain features or familiarity compared to more established platforms like MetaTrader.

  4. Potential Risks with Unregulated Entities: Higher risk of unfair practices and limited legal recourse in case of disputes due to the lack of regulatory oversight.

  5. Customer Support Limitations: Relies on traditional communication methods (email and phone), lacking instant support options like live chat, which could be a drawback for some users.

Market Instruments

MSB offers a diverse array of market instruments for its clients, encompassing various sectors of the financial market. These include:

  1. Forex (Foreign Exchange Market): Clients can trade in the global currency market, engaging in the exchange of different currency pairs. This market is known for its high liquidity and 24-hour trading opportunities.

  2. Commodities: This includes trading in physical or primary products, like gold, silver, oil, and agricultural products. Commodity trading allows investors to diversify their portfolios beyond traditional financial instruments.

  3. Funds: MSB provides opportunities in fund investments, which might include mutual funds, exchange-traded funds (ETFs), or other types of pooled investment vehicles. This allows investors to invest in a basket of assets managed by professionals.

  4. Stocks: Clients can trade in the stock market, buying and selling shares of publicly traded companies. This includes access to major stock exchanges, enabling investors to participate in the equity market.

This comprehensive range of market instruments enables MSBs clients to diversify their investment strategies across different asset classes, catering to a wide range of investment preferences and risk appetites.

Market Instruments

Account Types

MSB offers the M-Pro account, a versatile and lifetime-free account designed to provide customers with a host of convenient features. With just a one-minute registration process, account holders can enjoy a range of benefits, including free internal online transfers, Napas 247 interbank services, and the issuance of domestic debit cards for M-Pro.

This account has no minimum balance requirement, and the registration process is entirely online, making it quick and hassle-free. M-Pro also allows users to create account numbers with various options, such as phone number-based numbers, Feng Shui account numbers according to their zodiac signs, M-Nick account numbers for personalization, and more.

Furthermore, customers can benefit from cashback offers on bill payments and Visa Debit card spending, with the potential to receive refunds of up to 3.6 million VND/year. Additionally, M-Pro offers attractive savings interest rates, various deposit options, and online banking convenience.

Users can easily manage their finances, schedule future transfers, and access a range of utilities, all within one app.

Account Types

How to Open an Account?

Opening an account with MSB is a straightforward process that can be completed in just four simple steps:

  1. Download the MSB mBank App:

    1. Begin by downloading the MSB mBank app from your device's app store. Ensure you download the official app to guarantee security.

  2. Enter OTP & Online Identity Authentication:

    1. After installing the app, launch it and proceed to enter the One-Time Password (OTP) that you receive. This OTP will be sent to your registered mobile number and is crucial for account verification.

  3. Register Your Name and Basic Information:

    1. Follow the app's prompts to register your chosen username and provide basic personal information. This step typically involves entering your full name, identification details, and contact information.

  4. Daily Transactions via App & Receive Incentives:

    1. Once your account is set up, you can start using the app for your daily transactions, including bill payments, top-ups, and transfers. MSB offers various incentives and benefits, so explore the app to discover the rewards you can enjoy as an account holder.

With these four steps, you can quickly open an account with MSB and start leveraging the features and benefits offered through the MSB mBank app for your banking needs.

How to Open an Account?

Spreads & Commissions

MSB offers its clients competitive trading conditions, with spreads and commissions that are designed to be cost-effective. They advertise spreads as low as 0 pips, an appealing feature for traders looking to maximize their profits by minimizing trading costs.

This low spread can be particularly advantageous in markets like Forex, where the difference between the bid and ask price directly impacts trading profitability.

As for commissions, MSB does not provide explicit details in the available information, suggesting that traders should inquire directly with the company or refer to their official website for a comprehensive understanding of their commission structure.

This combination of low spreads and potentially favorable commission rates makes MSB an attractive option for traders focused on cost efficiency.

Trading Platform

MSB offers a convenient and user-friendly eBanking platform known as “MSB eBanking.” This platform is designed to provide quick and secure transaction services, allowing users to complete transactions within 1 minute.

MSB eBanking includes both Mobile Banking and Internet Banking services, offering customers flexibility in managing their accounts and performing various financial transactions online.

The platform's main features encompass account management, fund transfers, bill and service payments, mobile top-ups, and the ability to open overdrafts secured by online savings. Additionally, MSB eBanking facilitates MSB credit card management and provides access to other useful features.

Trading Platform

Deposit & Withdrawal

MSB offers a variety of payment options for deposit and withdrawal, each with its own characteristics, including the minimum deposit requirement of $100. Here's a detailed overview.

MSB offers a range of card options to cater to various financial needs. The MSB Mastercard World Elite provides substantial benefits, including a 10% refund on classy travel, culinary experiences, and shopping, with the potential to receive up to 36 million VND/year in refunds.

The MSB Visa Signature Dining card offers a 10% cashback on dining expenses during weekends, providing up to VND 12 million in rebates per year. The MSB Mastercard Super Free is a lifetime annual fee-free card, offering convenience and savings to cardholders.

Lastly, the MSB Mastercard mDigi provides up to 20% cashback on a chosen category each month, adding value to everyday spending. With these card options, MSB aims to enhance customers' financial experiences and offer a variety of rewards and benefits tailored to their preferences and lifestyle.

Deposit & Withdrawal

Customer Support

MSB provides comprehensive customer support to its clients through multiple channels. For general inquiries and support, clients can reach out via email at, or for more specific deposit-related queries, they can use

Additionally, the company offers phone support at 19006083, catering to clients who prefer direct verbal communication for immediate assistance or complex issues.

Located at 54A Nguyen Chi Thanh Street, Lang Thuong Province, Dong Da District, Ha Noi City, Vietnam, MSB also has a physical presence for potentially in-person customer service or postal communication.

This multi-faceted approach to customer support, combining email, phone, and physical location, aims to provide clients with accessible and effective avenues for addressing their needs and queries in a timely and efficient manner.

Customer Support


In conclusion, MSB emerges as a versatile and user-friendly trading platform based in Vietnam, offering a diverse range of financial instruments like Forex, commodities, funds, and stocks.

Despite being unregulated, it attracts clients with its low minimum deposit of $100, competitive spreads, and a proprietary trading app designed for ease of use in mutual fund investments. The company accommodates various deposit and withdrawal methods, catering to local preferences.

Additionally, MSB's commitment to customer service is evident through its multiple contact channels, including email, phone, and a physical address in Vietnam.

This blend of features makes MSB a noteworthy option for traders in the Vietnamn market, though its unregulated status warrants careful consideration.


Q:Is MSB a regulated entity?

A:No, MSB operates as an unregulated financial platform. This is an important consideration for potential clients regarding investor protection and transparency.

Q:What types of accounts can be opened with MSB?

A:MSB offers two types of accounts: Individual accounts for single users and Joint accounts for multiple users.

Q:What is the minimum deposit required for MSB?

A:The minimum deposit required to start trading with MSB is $100.

Q:What trading platform does MSB use?

A:MSB provides its own proprietary trading platform, the MSB app, which is designed specifically for mutual funds investment and available on Google Play.

Q:How can I contact MSBs customer support?

A:Customer support can be reached via email at , and by phone at 19006083.

Q:What are the spreads and commissions like at MSB?

A:MSB offers competitive trading conditions with spreads as low as 0 pips. However, detailed information on commissions should be directly obtained from the company.

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more than one year
MSB's account setup with the mBank app was smooth, but OTP entry felt unnecessary. The app's daily features are decent, and the promised perks are a plus.
2023-12-20 18:30


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