MigoTrade-Overview of Minimum Deposit, Spreads & Leverage

MIGOTRADE | 2024-11-06 16:32

Abstract：MIGOTRADE is an unregulated broker, offering trading on forex, indices, shares, commodities, cryptocurrency, and metals with leverage up to 1:200 and EUR/USD spread floating around 1.0 pips via Sirix trading platform.

Note: MIGOTRADE's official website: https://www.migotrade.com/ is currently inaccessible normally.

MIGOTRADEReview Summary
Founded	2020
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No regulation
Market Instruments	Forex, indices, shares, commodities, cryptocurrency, metals
Demo Account	❌
Leverage	Up to 1:200
EUR/USD Spread	Floating around 1.0 pips
Trading Platform	Sirix webtrader
Min Deposit	/
Customer Support	/

MIGOTRADE Information

MIGOTRADE is an unregulated broker, offering trading on forex, indices, shares, commodities, cryptocurrency, and metals with leverage up to 1:200 and EUR/USD spread floating around 1.0 pips via Sirix trading platform.

Pros and Cons

Pros	Cons
Various trading products	No regulation
Tight spreads	Inaccessible website
	No demo accounts
	No MT4/MT5 platform
	No contact channels

Is MIGOTRADE Legit?

No. It is registered in Saint Vincent and the Grenadines. It has no valid regulations currently. It does not offer guaranteed funds or segregated accounts.

What Can I Trade on MIGOTRADE?

MigoTrade claims to provide a diverse range of trading instruments, encompassing major and minor forex pairs, market indices, shares, commodities, cryptocurrency, and metals for CFD trading.

Tradable Instruments	Supported
Forex	✔
Indices	✔
Commodities	✔
Shares	✔
Cryptocurrency	✔
Metals	✔
Bonds	❌
Options	❌
Mutual Funds	❌
ETFs	❌

Account Type

Here are four account types MIGOTRADE offers:

Account Type	Min Deposit
Bronze	Not mentioned
Gold
Platinum
Diamond

Leverage

The broker provides leverage up to 1:200.

MIGOTRADE Fees

EUR/USD spread is floating around 1.0 pips.

The broker reserves the right to introduce additional fees and charges and the right to change existing ones at any time. An administrative fee of 5% or 25 USD is required, in case the broker decides clients do not hold some minimum required amount in the account, determined by their sole discretion.

Trading Platform

MigoTrade utilizes the Sirix webtrader, developed by Leverate, as its trading platform. The Sirix webtrader is available in both web-based and mobile app versions.

Trading Platform	Supported	Available Devices	Suitable for
Sirix webtrader	✔	Web, Mobile	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

The broker accepts deposit payments done via VISA, MasterCard or Migopay.

It accepts withdrawal payments done via Neteller, credit card, wire transfer, MoneyBookers and Migotrade Mastercard.

The broker charges a deposit and a withdraw commission, but not specified.

Leverage Broker Currency Pair Dealer Forex trading Forex Broker

Related broker

No Regulation

MIGOTRADE

Company name：Smart iSolution LLC

Score

1.48

Website：https://www.migotrade.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.48

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