MIC-Some Important Details about This Broker

Since MICs official website (https://micfx.co/home) cannot be opened for now, we could only piece together the rough picture of this brokerage house by gathering some relevant information from other websites.

General Information

Multi Investment Company Ltd (MIC) is a company registered in Saint Vincent and the Grenadines, providing easy access to a series of trading instruments through multiple trading accounts. The minimum deposit to trade with this broker is unknown, and this forex broker does not hold any regulatory license to show it operates legally. Please be aware of the risk.

Account Types

Multi Investment Company Ltd offers a total of six trading accounts to accommodate different traders trading needs, with the minimum deposit for each account not disclosed.

Leverage

Trading leverage cannot be found anywhere. Since leverage may magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads

Spreads are significantly determined by trading accounts. The spread offered by the Classic account starts from 1.5 pips, chiming with the industry standards.

Trading Platform

Surprisingly, MIC provides access to the industry-leading MT4 trading platform. The MT4 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.

More importantly, EAs (Expert Advisor) are supported for traders to automate trading during all trading session.

Customer Support

Unfortunately, traders with any inquiries or trading-related issues can only get in touch with Multi Investment Company Ltd through an email it gives: support@micfx.co. Other more direct channels like telephone or whatsapp, are not available.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.