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MiTRADE -

Score

1.44 /10
Danger

MiTRADE

China

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://tradepro.com.tw/Pc/Index/index/l/en-us.html

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Comparison

Quantity 5

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.50

Risk Management Index0.00

Software Index4.00

License Index0.00

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

open now

Broker Information

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Company Name

MiTRADE Ltd.

Company Abbreviation

MiTRADE

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-23
  • 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 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

Liquidation invalid

The website occurred some problems. The account was wiped out after several times loading.

FX2148210639
2021-08-05 17:04
Unable to Withdraw

Unable to withdraw

The girl in the picture cheated people to deposit by scams and fake activities. You would be unable to withdraw.

FX2920326369
2021-10-11 19:53
Unable to Withdraw

Scam

Unable to withdraw The customer service also disappeared. Now there is stil la campaign that you can get a rebate if you deposit funds. Do not be cheated

Layna
2021-06-24 08:34
Scam

Scam. Unable to withdraw.

It liquidated my account. I deposited $3,500 and only withdrew $350. Then it asked me for $3,500 and refused withdrawal. I don’t know what to do. That was all my property.

CHENGAHUI
2021-07-25 20:27
Scam

Scam platform

The platform claims to be an IB of MiTRADE and informs that the broker on the platform is regulated by Australia and all deposits will be in the Bank of Australia. If the broker fails, you can call the Bank of Australia and inform the account to check the balance amount. The balance will be remitted back to Taiwan. After verifying the genuine MiTRADE customer service, we learned that MiTRADE does not have the so-called overseas regulation. The registration of the fake MiTRADE website is only valid for one year, which is February 2022. Investors want to make money. They advocate investing more into the platform. It also provides a way for community groups to exercise, call orders or 1v1 orders, so that investors feel that this is profitable. When investors was deceived by profits in the operation, improper operation will lead to the loss of the position. It will say that the investor’s personal problem has caused the broker to lose money. After the original withdrawal amount is cancelled, the investor is then required to make up the so-called negative balance of the position and use the investor. Credit problems can be used to deceive the money, or use the morals of human relations to inform that he will deal with the loss of money. There is no need to worry about it. It is morally kidnapped. As long as a large amount of money is invested, he strives to make the money lost on the book back. He can do it. The senior foreign exchange personnel who have inquired about the normal channels told that, normally, it is difficult for foreign exchange to blow up the position, because there will be the so-called loss problem, and if the position is really accidentally broken into a negative number, there will not be so-called compensation issues, just call the customer service to reset to zero. Investors, please be careful of this platform

FX2028058700
2021-07-11 11:56

User Reviews

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User comment

2

Comments

Write a review

FX1448000683
more than one year
Oh man, I have had a terrible experience with MiTRADE! They promised me low spreads, but I ended up losing money constantly on my account. Their customer service kept pushing me to deposit more and more money, but it just felt like they were trying to scam me. Don't trust this broker, they are not to be recommended.
Oh man, I have had a terrible experience with MiTRADE! They promised me low spreads, but I ended up losing money constantly on my account. Their customer service kept pushing me to deposit more and more money, but it just felt like they were trying to scam me. Don't trust this broker, they are not to be recommended.
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2023-03-27 10:53
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南宫逸风
more than one year
MiTRADE is a scammer! At first it tempted me with the deposit bonus, and I foolishly believed it. As a result, I lost all my principal and their so-called bonus. Don't trust these bonuses!
MiTRADE is a scammer! At first it tempted me with the deposit bonus, and I foolishly believed it. As a result, I lost all my principal and their so-called bonus. Don't trust these bonuses!
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2023-02-28 14:00
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5