MikiForex reviews

MikiForex_logo MikiForex 6/10 (votes 4131)

On-line since: 2003
Country of origin: Israel
Regulation: Israel’s Ministry of Finance
Payment options: VISA and MasterCard, wire transfers, cash, American Express, WebMoney, Skrill, OkPay, and Yandex.Money
Minimum account size: $20
Minimum lot size: 0.01 lot
Leverage: 1:200
Spreads: floating from 0.5 pip

International company Mikiforex was founded by a group of experts who have a considerable working experience in the international stock market. CFDs, 32 currency pairs, gold and silver, as well as binary options are available for trading.

There are several binary options types. They are Up/Down, Range, Even/Odd, and Big/Small.

The company strives to work with every client individually, offers them profitable trading conditions and is characterized by transparent business activity. Mikiforex is controlled by the Israeli Ministry of Finance.

Trading is conducted in the MetaTrader 4 trading platform that is available for various gadgets. Using UMAM account, clients also can manage different accounts from one trading platform. That contributes to proportional division in the system of separate accounts on the percentage rate, balance, and funds share.

Trading conditions

Traders may choose from three various trading accounts. Micro account will be good for beginners with the initial deposit of $20 and the 10% bonus is provided for a deposit (maximum bonus size is $100). More experienced traders will be interested in Mini account with an initial deposit of $200 and the 50% bonus on the deposit (maximum bonus size is $5,000). For advanced users Standard account with the deposit starting with $15,000 is available with STP technologies, no requotes, 60% bonus (maximum bonus size is $6,000).

Spreads start from 0.5 pips for Standard account and from 1 pip for Micro account. Leverage is up to 1:200 for Standard and Mini account, up to 1:500 for Micro account. Moreover, the brokerage company charges additional 2% on funds not involving in trading.

Moreover, it provides clients with Miki Money Exchange Office, which are WebMoney exchange services. Thus, customers may convert USD, EUR, and ILS to WMZ, WME, and WMR by means of bank transfer or cash and convert WMZ, WME, and WMR to USD, EUR and ILS by means of bank transfer or cash.

AL Trade, the leading British brokerage company, is the company’s partner. Leave your comments about Mikiforex.

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Comments about broker

FrogyFX trader
review MikiForex

I have a standard account with Miki Forex, and I will close it soon because of the delays on their platform and the fact that the spread is changing from 0.2 pips per EUR/USD to 3 pips during volatility times. I had some negative slippage after my 4th month of trading, and I lost around $90 with 3 trades. I called their support team about the delays of the platform, but they can't help me because mainly they don't admit it is from their servers.

Neolin trader
review MikiForex

I have very painful experience with MikiForex. Terrible trading platform especially during the news. During the last US Average Hourly Earnings m/m publish time I got 74 slippage on Usd/Chf pair.. This slippage happen not only one time, I got slippage on every news publish time. in addition this, they take very long time for processing my withdrawals. Last month I put withdrawal request of $350 through OkPay which I made deposit. They charged me fee $71 and 18 days later they transferred my money into my OkPay account! I decided to leave MikiForex broker and move forward.

Malin trader
review MikiForex

MikiForex is a great broker. I have been with them for almost two years now and my whole trading experience has been productive. I can say that they have a quality platform because I can trade during news announcements without trouble. Their platform could handle the high volatility and they are able to control the surge in the fees.

Cleve trader
review MikiForex

From the start, they showed very good ethics. But after I deposited $1500, they started to be less intense, and slow to respond. The spreads go wild around important news. I like that they use MT as a trading platform, as it allows many plugins and different services. What's wrong with this broker? why suddenly they change the trading schedule again ? I am very disappointed because it has happened many times and I concluded that the information system is very bad broker. I didn't get anything after five months joined with Miki Forex, there was no significant profit that I can get from using their analytical and trading platforms. I leave this broker.

Krenkfx trader
review MikiForex

I trade with MikiForex for sometime now, and I like their services. I have a Mini trading account with a first deposit of 250$, the transfer was made with OKPay and was credited instantly to my account. After that I applied for the 100% bonus for Forex Options which was credited the next working day. I started to trade with MT4 platform currency pairs EUR/USD, USD/CHF, USD/JPY, GBP/EUR, GBP/USD, after that I added also Gold and Silver and for the past month I started to trade also Crude Oil. My monthly profit is over 1000$. I recommend the broker because has a transparent fee policy.

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