Miki Forex is this a scam? Review and Customers Reviews

Miki Forex – Forex broker number 1 in the Middle East, providing the full range of trading services in the financial markets since 2003. The company is a partner of the well-known British organization for the provision of Forex services. The staff of the company includes only professional employees who have trading experience and are well aware of what the trader needs for successful work.

Still, is Miki Forex a scam or a worthy company you can trust? We will answer this question in a detailed review of the broker.

Terms of trade with Miki Forex

Miki Forex is an Israeli project, one of the market leaders, which, when concluding a trade contract, provides the trader with full administrative and technical services, and one of the best working conditions for today. The company has successfully operated on the international Forex market for almost 20 years, with no competitors in Israel (truth about Forex). The broker does not stop developing, it improves the service in accordance with the latest standards, gains an increasing number of customers around the world.

Much attention is paid to the quality and professionalism of technical support, it allows to build an operational trustful and highly competent system of relationships with the user. The growing number of those who would like to master the profession of a trader, and the high quality of training and the provision of services have made the broker known not only in Europe but also beyond. The broker has created the subdivision Exchange Office (Miki Money Exchange Office), carrying out the exchange of real and electronic currencies without limits. This gives the company some openness, which also allows it to keep leading position. Presence of own exchange office also guarantees the minimal commission.

Users, both newcomers and professionals, are provided with the most convenient trade, the features of which you can learn at the company’s free seminar. The broker provides a free demo account for work. The popular MetaTrader 4, the benchmark of quality and reliability in Forex with advanced mobile and web trading capabilities (including with the help of advisors), was chosen as the main platform. A convenient web platform Web Trader is also available. The official website of Miki Forex contains a large amount of information; and free seminars and high-quality training materials will be interesting and useful for both beginners and professional traders. Professional analytics, forecasts, news are published for users.

Deposit and withdrawal

Miki Forex offers different deposit and withdrawal ways. To replenish the account you need to pass the quick registration procedure, choose the comfortable funds transfer way (minimal deposit is 20$). There are numerous modern payment systems available for funds replenishment – from usual bank cards to electronic wallets:

• Bank transfers,
• Credit and debit cards Visa, MasterCard,
• Payment terminals: Skrill, Webmoney, Okpay, Yandex.Money.

Despite the majority of traders working with Webmoney, judging by references, please note that the amount of the provided payment systems is yet limited. The money on the account is available right after its replenishment. The withdrawal is possible for authorized traders, only.

Bonuses in Miki Forex

Any trader of the company may get 2 types of bonuses:

1) Bonus up to 135%

The gainful trading bonus of the broker allowing you to get extra funds up 100% to 135%. The offer is available for all platform users. Ask your account manager about the details of the bonus terms.

2) Moving bonus: 60+15%

A unique broker offer for those traders, who are ready to come to it from other platforms. A trader can receive a bonus of 60% of the amount of funds that he deposits on an existing or new account, as well as, for coming from another broker, an additional 15% ($1,500).

Complaints about Miki Forex

Miki Forex, despite the fact that it has operated on the market for almost 20 years, has not so many comments (most likely this happens because the company does not conduct active marketing), but there are some of them and they are diverse. Some traders comment on the company’s reliability, its continuous development, high-quality technical support, favorable trading conditions, no problems with withdrawal of funds, fast execution, a large selection of financial instruments, high-quality training materials, ideal conditions for scalping. In general, there are more positive comments on work with a broker.

Often negative comments can be met that relate to problems with the withdrawal of funds, the operation of the terminal (lags, slippage), the incompetence of the support service (long answers, etc.), high spreads that make trading unprofitable. To avoid a negative while working with a broker, fully verify your account, ask with your personal manager about the features of using bonuses and withdrawal procedures.

Miki Forex broker regulator

The activity of Miki Forex is regulated by the Ministry of Finance of Israel, which has issued a broker an appropriate license for the implementation of financial services. Miki Forex fully meets the requirements of the regulator, is a fully functional market participant. However, there is no regulation information on the broker’s website, and there is no supporting documentation online, which reduces level of trust.

Is Miki Forex a scam?

Broker today is one of the most experienced and dynamically developing in the Forex market, demonstrating advanced Forex trading options. The company was founded in Israel, successfully took a leading position in the Middle East and rushed further, working with traders around the world for almost 20 years, providing favorable trading conditions (low spreads, fast execution, minimum deposit requirements, etc.) and quality service. At the moment, the broker has not so many comments of users, more positive among them. There are negative comments, but we did not see representatives of the company working with them on the forums. It seems that the broker plans to work in this direction.

One of the positive factors is the provision of a reliable platform MetaTrader 4 for trading, as well as other unique options that make working with a broker more effective. Thanks to the Exchange Office division, real and electronic currencies can be exchanged for traders without any restrictions at a favorable rate with minimal fees. This also indicates that this is are not a one-day broker.

The company pays great attention not only to the quality of service, marked in different comments, but also to the professionalism of technical support, which is positively commented by users. High-quality training for a broker is also one of the goals that it successfully fulfills. Another advantage of the company is the ability to get a lot of useful information from the official site: the presence of a system of bonuses, accounts, different types of feedback, etc. – all this indicates a well-thought-out policy of working with the user, which is also unavailable for fraud sites. And yet, the site has some problems: not all the information is presented, although it is simple and convenient, some of the material is designed poorly. There is no license information, which reduces customer trust.

Should we consider Miki Forex a scam? It seems that at this stage of the company’s development, we will answer this question: no. For the most part, the decision was influenced by the fact that the company is a leader in Israel, working with traders around the world, providing quality service, and openly announcing ambitious goals, the fulfillment of which is confirmed in user comments (analytics, training, support, etc.) And yet, to avoid problems in working with a broker, work correctly with your personal manager, clarifying with him the necessary information about the rules for using bonuses, the procedure for withdrawing funds, etc.

Conclusion

Miki Forex trading Forex broker has been successfully providing services for 14 years, being a professional market player. Having an extended base of traders around the world, providing quality service and favorable conditions for trading, it is constantly improving, offering more unique services, following the current trends in financial markets. Broker pays special attention to the professionalism of technical support, the quality of analytics and training materials, which was confirmed in the comments of traders. It remains to hope that there will be more comments, and a company representative will work with them.

Today, we will not evaluate a broker as a fraudster, relying largely on its openness, honesty in fulfilling the stated goals, leadership positions in Israel. Most likely, the company will show itself more dynamically and will not stop developing. However, comments of traders which we are waiting for this review cannot only change our decision on the broker’s rating, but also caution other Forex market players against possible problems.