Miki Forex Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-22 18:30

Abstract：Miki Forex, founded in the United Kingdom in 2007, is a brokerage that offers many trading assets including forex, CFDs, and metals. Meanwhile, the brokerage provides three different account types, competitive leverage options up to 1:500, a flexible spread starting from o,5 pips, and a user-friendly trading platform of Mobius Trader 7. However, Miki Forex's operation is not regulated by any authorities.

Miki ForexReview Summary
Founded	2007
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, CFDs, Metals
Demo Account	Not mentioned
Leverage	Up to 1: 500
Spread	Starting from 0.5 pips
Trading Platform	Mobius Trader 7
Min Deposit	$20

Miki Forex Information

　　Miki Forex, founded in the United Kingdom in 2007, is a brokerage that offers many trading assets including forex, CFDs, and metals. Meanwhile, the brokerage provides three different account types, competitive leverage options up to 1:500, a flexible spread starting from o,5 pips, and a user-friendly trading platform of Mobius Trader 7. However, Miki Forex's operation is not regulated by any authorities.

Pros and Cons

Pros	Cons
High leverage up to 1: 500	Lack of regulation
Offers three account types	No access to MetaTrader 4/5
Offers a user-friendly trading platform of Mobius Trader 7	Limited information on withdrawal

Is Miki Forex Legit?

　　CentralFx Markets is not regulated by any major financial authorities, meaning there is no guarantee that it is a safe platform to trade with.

What Can I Trade on Miki Forex?

　　Miki Forex offers many tradable assets including forex, CFDs, and metals.

Tradable Instruments	Supported
Forex	✔
Metals	✔
CFDs	✔
Shares	❌
Options	❌

Account Type

　　Miki Forex offers three account types. The Standard Account requires a minimum deposit of $1,500 with leverage of 1:200 and spreads starting from 0.5 pips, making it suitable for those looking for cost-effective trading. Miki Forex's Mini Account offers traders a more accessible entry point with leverage of 1:200, a lower minimum deposit of $200, and spreads starting from 0.8 pips. The Micro Account offers a high leverage of 1:500 and an incredibly low minimum deposit of $20.

Account Type	Standard	Mini	Micro
Leverage	1:200	1:200	1:500
Minimum Deposit	$1,500	$200	$20
Minimum Spread	from 0.5 pips	from 0.8 pips	from 1 pip
Products	Forex, CFD, Metals	Forex, CFD, Metals	Forex, CFD, Metals
Minimum Position	1	0.1	0.01
Supported EA	Yes	Yes	Yes

Miki Forex Fees

　　Miki Forex's three accounts have different spreads. You can check each of them below.

Account Type	Standard	Mini	Micro
Minimum Spread	from 0.5 pips	from 0.8 pips	from 1 pip

Miki Forex Leverage

　　Miki Forex offers different leverage options for traders across different account types. You can refer to the table.

Account Type	Standard	Mini	Micro
Leverage	1:200	1:200	1:500

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Mobius Trader 7 trading platform	✔	PC and Mobile	Investors of all experience levels
MetaTrader 4/5	❌	PC and Mobile	Investors of all experience levels

Deposit and Withdrawal

　　Miki Forex's minimum deposit requirement is different across the chosen account type. However, the information on the fees of deposit and withdrawal is not mentioned.