Score

1.52 /10
Danger

mithum

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Regulatory Index0.00

Business Index7.08

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

mithum · Company summary
Aspect Information
Company Name mithum
Registered Country/Area India
Founded Year 2017
Regulation Unregulated
Customer Support Phone:+91 11-47344444,website:pranav@mithunsecurities.com

Overview of mithum

Mithum is an Indian enterprise established in 2017, which is currently operating without any regulatory oversight, as it is unregulated. There are no details provided regarding its products, services, spreads, or trading platforms.

However, Mithum does offer customer support, which can be reached via email at pranav@mithunsecurities.com and by phone at +91 11-47344444, ready to assist clients or those interested in its services.

Overview of mithum

Is mithum Legit or a Scam?

Mithum is unregulated, indicating an absence of formal oversight by financial regulatory authorities. This situation could present various risks to clients since regulatory supervision generally mandates compliance with established operational norms, financial transparency, and protection of client funds.

Pros and Cons

Pros Cons
Customer Accessibility Lack of Regulation
Transparency Issues
Client Safeguards
Reputation in the Market

Pros:

  1. Customer Accessibility: Mithum offers direct lines of communication via email and phone, which could be indicative of their commitment to customer service and support.

Cons:

  1. Lack of Regulation: As an unregulated entity, Mithum does not comply with the stringent standards typically enforced by financial regulatory bodies, which could heighten the risk for its clients.

  2. Transparency Issues: The absence of regulatory oversight might result in less transparency regarding Mithums business practices, operational procedures, and financial reporting, potentially diminishing clients' confidence and security.

  3. Client Safeguards: Clients may lack the safeguarding measures that come with regulation, such as assurance of fair practice and a formal process for addressing grievances or disputes.

  4. Reputation in the Market: Mithum‘s unregulated status could adversely affect its reputation among potential and existing clients, influencing their trust and the company’s ability to sustain and grow its client base.

Customer Support

Mithum extends customer support through both email and telephone channels. Inquiries, assistance requirements, or requests for information can be addressed via email to pranav@mithunsecurities.com.

In addition, Mithum has made available telephone support at +91 11-47344444, facilitating direct and prompt communication for issue resolution or to acquire assistance related to their services.

Conclusion

In conclusion, Mithum is an Indian-based company founded in 2017, presently functioning without the safeguards of regulatory oversight. While detailed information on its products, services, and trading platforms is not provided, Mithum upholds a dedication to customer support with readily available communication avenues for assistance.

FAQs

  1. Question: How can I contact Mithum's customer support?

  2. Answer: You can contact Mithum's customer support via email at pranav@mithunsecurities.com or by phone at +91 11-47344444.

  3. Question: What should I be aware of when dealing with an unregulated company like mithum?

  4. Answer: When dealing with an unregulated company like Mithum, it's important to be aware of the potential risks related to the lack of regulatory oversight.

Risk Warning

Mithum is an unregulated entity, lacking formal oversight from financial regulatory authorities. This lack of regulation may expose clients to increased risks, including potential issues with transparency, operational integrity, and the security of client funds.

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杨峰
more than one year
I tried to check out mithum's website, but the pictures weren't loading properly. It was super frustrating! I mean, how am I supposed to trust a company that can't even get their website right? It definitely left me with a bad impression. I hope they can fix this issue soon because I need a website that works properly.
I tried to check out mithum's website, but the pictures weren't loading properly. It was super frustrating! I mean, how am I supposed to trust a company that can't even get their website right? It definitely left me with a bad impression. I hope they can fix this issue soon because I need a website that works properly.
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2023-03-24 15:30
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