MIGOTRADE Forex Broker

Note: MIGOTRADE's official website: https://www.migotrade.com/ is currently inaccessible normally.MIGOTRADEReview SummaryFounded2020Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsForex, indices, shares, commodities, cryptocurrency, metalsDemo Account❌LeverageUp to 1:200EUR/USD SpreadFloating around 1.0 pipsTrading PlatformSirix webtraderMin 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 ConsPros Cons Various trading productsNo regulationTight spreadsInaccessible websiteNo demo accountsNo MT4/MT5 platformNo contact channelsIs 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 TypeMin DepositBronzeNot mentionedGoldPlatinumDiamondLeverage 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 PlatformSupported Available Devices Suitable for Sirix webtrader✔Web, Mobile/MT4❌/BeginnersMT5❌/Experienced tradersDeposit 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.