✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the MIBTrades broker (also called mibtrades.com), is a Forex and CFD broker. Is MIBTrades really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we review MIBTrades. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
It is worth mentioning that the MIBTrades website does not have a Spanish version, although due to messages from Spanish-speaking clients, we have also decided to review MIBTrades.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: NOT MENTIONED.
As to its location, the broker mentions being based on: UNMENTIONED.
If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
If now we go on to analyze account types that MIBTrades offers, we note that they do not really provide information about owning different plans or account types.
The platforms to operate that MIBTrades offers are: MT4.
We will now analyze the different resources and aids for traders that MIBTrades provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
MIBTrades provides the following help or resources to traders or interested parties: some live charts, explanation of financial products that MIBTrades offers, FAQ section, glossary, really not much more than this.
| Other information about MIBTrades |
Some more information in case you want to contact the company, or see its website for yourself.
Website: mibtrades.com
Telephone: + 442031908719
Email: [email protected]
>>> Assessment on MIBTrades <<
Ending with this section, in our opinion Do we believe that MIBTrades company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it does not mention where it is based, it does not mention which company it belongs to, when looking for reviews about MIBTrades We did not find other reviews, which makes us think that it is a new company, without a track record. We suggest using caution.
⛔ Attention ⛔ : in November 2020 CONSOB added MIBTrades to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to CONSOB's November 2020 advertencia️ warning
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
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It is a scam, they do not have authorization from the DFSA they say they are in the United Arab Emirates