Score

1.54 /10
Danger

MIEX

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 38

Exposure

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Website

Score

Regulatory Index0.00

Business Index7.26

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 32 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Resolved

I invested more than 20,000 US dollars in MIEX. I want to withdraw funds but they let me pay taxes. I also paid. But they just ignored me now

I invested more than 20,000 US dollars in MIEX. I want to withdraw funds but they let me pay taxes. I also paid. I said that I will invest in one to three days. Now it is a week. I now ask the customer service, saying that my account is abnormal, and I have to pay half of the guarantee. You can invest in one day, and now I don’t have any information to contact customer service

2021-04-05 07:23
Unable to Withdraw

Scam Company wont allow Withdrawals

My experience with this company has been quite unfortunate. I heard about them in October 2020 when i made an initial deposit of CNY 37000 (about £4200) into my trading account which yielded good profits. I became more interested and made another CNY 177000 (£20000) to make better returns. Late last year, towards Christmas, i tried to make a withdrawal which was denied. I reached out to Andy from their support who claimed withdrawals were a bit delayed due to an End of year system upgrade. Up till Last week, i didn't have access to my money and they stopped responding to my complaints. Like many other traders i spoke to, i lodged a complaint with Assetspoor.tech some sort of experts and they were able to get my money including my accruals. This awful situation with MIEX prevented me from enjoying the holidays with my family as i would have loved but i learnt a key lesson, Always test the waters before committing. I implore other investors to stay clear of MIEX, they have nothing to offer.

2021-01-25 08:07
    Sources
    MIEX · Company summary

    The official website of MIEX(https://miexglobal.com/?utm_source=fxeye&utm_medium=PC&utm_campaign=homelinkeng&utm_term=&utm_content=) is unable to open now.

    MIEX Review Summary
    Founded2011
    Registered Country/RegionUnited Kingdom
    RegulationUnregulated
    Market InstrumentsCryptocurrencies, Stocks, Indices, Forex, Commodities
    Account TypesStandard, VIP
    Demo Account
    Maximum Leverage1:888
    SpreadFrom 0.25
    CommissionNot mentioned
    Trading PlatformMI Trader, MIEX MT5
    Minimum Deposit$1,000
    Deposit MethodsUnion Pay, WeChat Pay, Alipay, VISA, Mastercard, Bitcoin
    Customer SupportPhone: +44 7308642365,
    Email: cs@miexglobal.com

    MIEX Information

    MIEX, established in 2011 and headquartered in the United Kingdom, is a trading platform that positions itself as a gateway to a diverse array of global markets. MIEX provides trading in equities, indices, currencies, metals, and commodities. With minimum deposits of $1000 and $30,000 respectively, the site offers Standard and VIP accounts with leverage up to 1:888. MIEX runs without regulatory control.

    MIEX Information

    Pros and Cons

    ProsCons
    Provides over 50 cryptocurrencies, 500+ traditional assets)Unregulated
    Offers 2 account typesNo mention of commission rate
    Offers two trading platforms: MI Trader and MIEX MT5High minimum deposit for VIP Account ($30,000)

    Is MIEX Legit?

    MIEX is unregulated now.

    Is MIEX Legit?

    What Can I Trade on MIEX?

    MIEX provides over 50 cryptocurrencies and 500 traditional assets, including forex, commodities, indices, and stocks.

    Tradable InstrumentsSupported
    Cryptocurrencies
    Stocks
    Indices
    Forex
    Commodities

    Account Types

    MIEX offers two account types: Standard and VIP account.

    Account TypeMinimum DepositMaximum LeverageSpreadAdditional Features
    Standard$1,000Up to 1:400From 0.35Negative balance protection
    VIP$30,000Up to 1:888From 0.25Dedicated account manager and VIP tickets

    Leverage

    MIEX provides high leverage. For Standard account, the leverage is up to 1:400. For VIP account, it's up to 1:888.

    MIEX Fees

    MIEX offers spreads starting from 0.35 pips on Standard Accounts and 0.25 pips on VIP Accounts. The commission rates and non-trading fees are not mentioned.

    Fee TypeStandard AccountVIP Account
    SpreadsFrom 0.35 pipsFrom 0.25 pips
    CommissionNot mentionedNot mentioned

    Trading Platforms

    MIEX provides two trading platforms: popular MT5 and Web-based MI Trader.

    Trading PlatformSupportedAvailable DevicesSuitable For
    MI TraderWebBeginners and traders preferring ease of use
    MIEX MT5iOS, Android, PCExperienced traders, supports Expert Advisors

    Deposit and Withdrawal

    MIEX supports a variety of deposit and withdrawal methods: Union Pay, WeChat Pay, Alipay.etc.

    Standard Account requires a $1000 minimum deposit, while VIP accounts start at $30,000.

    Deposit OptionsFeesProcessing Time
    Union PayNot mentionedImmediate
    WeChat PayNot mentionedImmediate
    AlipayNot mentionedImmediate
    VISA/MastercardNot mentioned1–2 business days
    BitcoinNot mentionedImmediate

    User Reviews

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    User comment

    2

    Comments

    Write a review

    dgsrg
    more than one year
    MIEX turned out to be a massive letdown. Despite their claims of association with NASDAQ, it's essentially an unreliable platform. Withdrawal problems arise, and when I threatened to report, they promptly froze my account and restricted my login. It's infuriating, and I genuinely wouldn't recommend anyone using MIEX. Exercise extreme caution before getting involved.
    MIEX turned out to be a massive letdown. Despite their claims of association with NASDAQ, it's essentially an unreliable platform. Withdrawal problems arise, and when I threatened to report, they promptly froze my account and restricted my login. It's infuriating, and I genuinely wouldn't recommend anyone using MIEX. Exercise extreme caution before getting involved.
    Translate to English
    2023-12-20 21:35
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    FX1358556360
    more than one year
    So far all are Okay. I've had nothing but a positive experience with MIEX. I had to go through the audition process a few times to finally get a funded account but the rules are simple and easy to follow.
    So far all are Okay. I've had nothing but a positive experience with MIEX. I had to go through the audition process a few times to finally get a funded account but the rules are simple and easy to follow.
    Translate to English
    2023-03-08 15:24
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    38