Rating Index
Pros
Offers a popular trading platform (MT4) which is widely used among traders.
Provides a variety of account types catering to different trading needs, including Islamic accounts.
Claims to offer attractive bonuses and promotions to entice new traders.
Cons
Unregulated and lacks a valid financial services license, raising serious trust issues.
Multiple reports label it as a scam broker, indicating a high risk of fund loss.
Website functionality issues and poor customer support options, making it difficult for users to get assistance.
MICFX broker Accounts
MICFX Account Type
MICFX offers a variety of account types tailored to different trading needs. The available account types include:
- Classic Account
- Minimum Spread: 1.5 pips
- Commission: Zero
- Suitable for EA traders.
- Standard Account
- Minimum Spread: 0.5 pips
- Commission: Zero
- Ideal for general trading.
- Advanced Account
- Minimum Spread: 1.0 pips
- Commission: Variable
- Designed for experienced traders.
- Business Account
- Minimum Spread: 2.0 pips
- Commission: Zero
- Tailored for team and group trading.
- Swap-Free Account
- Minimum Spread: 1.5 pips
- Commission: Zero
- Designed for Muslim traders.
- ECN Pro Account
- Minimum Spread: -1.0 pips
- Commission: Variable
- Best suited for professional traders.
- Visit the MICFX Website
- Go to micfx.com.
- Select Account Type
- Choose the desired account type from the options provided.
- Fill Out Registration Form
- Provide personal information including your name, email address, and phone number.
- Submit Identification Documents
- Upload a valid government-issued ID and proof of residence (e.g., a recent utility bill).
- Deposit Funds
- Fund your account using one of the available payment methods (credit card, wire transfer, etc.). The minimum deposit requirement may vary by account type.
- Start Trading
- Once your account is verified and funded, you can begin trading on the MICFX platform.
Each account type has specific features and benefits, allowing traders to choose the one that best fits their trading strategy.
MICFX Broker Account Opening Process
To open an account with MICFX, follow these steps:
Make sure to review the specific terms and conditions associated with each account type before proceeding with the registration process.
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