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Mina Group Fx foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://live.minagroupfx.com/signup, about the company's legal and temporary regulatory information, the company's address Ground Floor, The Sotheby building, rodney bay, gros-islet, saint lucia P.O Box 838, Castries, Saint Lucia.

Mina Group Fx Forex Broker

Basic Information

Registered Region
Saint Lucia
Operating Period
--
Company Name
Mina Group Fx LTD
Abbreviation
Mina Group Fx
Company employee
--
Customer Service Email Address
info@minagroupfx.com
Contact Number
+9647703373338
Company Website
Company address
Ground Floor, The Sotheby building, rodney bay, gros-islet, saint lucia P.O Box 838, Castries, Saint Lucia
Keywords
2-5 years
Suspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk

Company profile

Mina Group Fx Review SummaryFounded2023Registered Country/RegionSaint LuciaRegulationNo regulationMarket InstrumentsCurrencies, Cryptocurrencies, Indicates, MaterialsDemo Account✔Trading PlatformMeta Trader 5Customer SupportPhone: +964 770 337 33 38 (10:00 - 18:00)Email: info@minagroupfx.comPhysical Address: No: 496 Italian Village, Erbil, IraqMina Group Fx Information Mina Group Fx is a new brokerage registered in Saint Lucia.It founded in 2023. It offers trsders currencies, cryptocurrencies, indicates and materials to trade. But it is currently unregulated. Because its founding year is less than 2 years, there isn't much information on its official website.Pros and ConsPros Cons Offers diverse market instrumentsUnregulatedMT4 supportedLimited customer support optionsDemo account availableNot too much information providedIs Mina Group Fx Legit? It is clear that Mina Group Fx is currently unregulated. The Whois website shows that the registration date of this dealer is 2023-09-07.What Can I Trade on Mina Group Fx? Mina Group Fx offers traders the opportunity to trade currencies, cryptocurrencies, indicates, materials.Tradable Instruments Supported Currencies✔Indicates,✔Materials✔Cryptocurrencies✔Bonds❌Derivatives❌Futures❌Options❌Trading Platform Mina Group Fx's trading platform is MT5 Margin WebTrader, which supports traders on PC,Mac,iPhone and Android.Trading PlatformSupported Available Devices Suitable for MT5 Margin WebTrader✔Web, MobileProficientMT4❌

Rating Index

How to login to Mina Group Fx?
mina group fx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a mina group fx Account The first step to starting your trading journey with mina group fx is to complete the registration process. This guide will walk you

  

Mina Group FX Broker - Complete Information Guide

  

1. Broker Overview

  Mina Group FX Ltd, established in September 2023, operates as a private limited company. The company is headquartered at the Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia, with a postal address of P.O. Box 838, Castries, Saint Lucia. Mina Group FX aims to provide a diverse range of investment opportunities to clients, primarily targeting retail forex traders looking to enhance their financial portfolios.

  Since its inception, Mina Group FX has positioned itself as a platform for forex trading, offering various financial instruments to its clientele. The company has sought to establish a reputation based on trust and transparency, although it has faced scrutiny regarding its regulatory compliance. The business model focuses on retail forex trading, providing clients with access to multiple currency pairs and other financial products.

  Mina Group FX operates independently, with no publicly listed parent company. The firm has aimed to grow its customer base by offering competitive trading conditions and educational resources to new and experienced traders alike. This growth trajectory is marked by the introduction of innovative trading tools and market insights to assist clients in making informed decisions.

  

2. Regulation and Compliance Information

  Mina Group FX is currently unregulated, which poses significant risks to potential investors. The absence of oversight from reputable financial authorities such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC) raises concerns about the platform's legitimacy. Regulatory compliance is essential for protecting investor funds and ensuring transparent operations.

  As of now, there are no available regulatory numbers associated with Mina Group FX, and it does not hold any valid licenses from recognized financial bodies. The company has not disclosed any information regarding customer fund segregation policies, which is critical for safeguarding client assets. Furthermore, there is no evidence of participation in investor compensation schemes, which typically provide a safety net for clients in the event of broker insolvency.

  Mina Group FX claims to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) measures; however, the lack of regulatory oversight makes it difficult to verify the effectiveness of these protocols. Potential investors are advised to conduct thorough research and exercise caution when considering investments with unregulated platforms like Mina Group FX.

  

3. Trading Products and Services

  Mina Group FX offers a variety of trading products, primarily focusing on forex currency pairs. The platform provides access to numerous major and minor currency pairs, catering to the diverse trading preferences of its clients. Additionally, the broker offers Contracts for Difference (CFDs) across various asset classes, including indices, commodities, stocks, and cryptocurrencies.

  The specific number of forex pairs available for trading is not explicitly stated in the available information, but the platform is designed to accommodate both novice and experienced traders. Mina Group FX continually updates its product offerings, although details regarding the frequency of these updates or the introduction of new trading instruments have not been disclosed.

  For retail traders, Mina Group FX emphasizes user-friendly trading services, including educational resources and market analysis tools. Institutional clients may also find tailored services, though specific details regarding institutional offerings are limited. The broker does not appear to provide white-label solutions or asset management services at this time.

  

4. Trading Platforms and Technology

  Mina Group FX supports the MetaTrader 5 (MT5) trading platform, which is known for its advanced analytical tools and user-friendly interface. This platform is favored by many traders for its comprehensive features, including automated trading capabilities and extensive charting options.

  The broker does not mention any proprietary trading platform, which could limit customization and unique features compared to other brokers in the market. Additionally, there is no indication of a web-based trading platform being offered, which may restrict accessibility for some users.

  Mobile trading is supported through a dedicated app available for both iOS and Android devices, allowing clients to trade on-the-go. The execution model employed by Mina Group FX is not explicitly stated, leaving potential clients uncertain about whether the broker operates as an ECN, STP, or Market Maker.

  The technical infrastructure details, including server locations and API access for automated trading, are not provided, which could be a concern for algorithmic traders seeking reliable execution and connectivity.

  

5. Account Types and Trading Conditions

  Mina Group FX offers several account types tailored to different trading needs, although specific details regarding each account's conditions are limited. The standard account typically requires a minimum deposit, with competitive spreads and commission structures, but exact figures are not disclosed.

  For advanced traders, the broker may provide premium account options such as VIP or professional accounts, which often come with enhanced trading conditions. Additionally, there may be special accounts available, such as Islamic accounts for traders who require compliance with Sharia law.

  The availability of a demo account is confirmed, allowing prospective clients to practice trading strategies without financial risk. Leverage ratios offered by Mina Group FX vary, but specific ranges for different products are not explicitly stated.

  The minimum trade size and overnight fees are also not detailed in the available information, which could impact traders' decision-making processes.

  

6. Fund Management

  Mina Group FX supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements differ across account types, although specific amounts are not provided.

  Deposits are generally processed quickly, but precise processing times and any associated fees have not been disclosed. Withdrawal methods are available, but clients have reported issues with withdrawal requests, including delays and additional fee demands, raising concerns about the platform's reliability.

  The time taken for withdrawal processing is reportedly longer than expected, with some users experiencing difficulties in accessing their funds. The fee structure related to withdrawals is also unclear, which could lead to unexpected costs for clients.

  

7. Customer Support and Educational Resources

  Mina Group FX provides customer support through multiple channels, including phone, email, and online chat. The service hours are not explicitly stated, which may affect clients' ability to receive timely assistance.

  The broker does not specify the languages supported for customer service, potentially limiting accessibility for non-English speaking clients. Educational resources available to traders include webinars, tutorials, and e-books, although the depth and variety of these materials are not detailed.

  Market analysis services are offered, providing clients with daily insights and research reports to aid in trading decisions. Additionally, trading tools such as calculators and economic calendars are likely available, enhancing the trading experience for users.

  

8. Regional Coverage and Restrictions

  Mina Group FX primarily serves clients in various regions, with a focus on international markets. However, specific details regarding regional offices or the geographical distribution of its services are not provided.

  The broker does not accept clients from certain countries, including the USA, Iran, and Canada, due to regulatory restrictions. Further information regarding other restricted jurisdictions is not available, which may limit potential clients' understanding of the broker's service areas.

  In summary, while Mina Group FX presents itself as a competitive forex broker, the lack of regulation, unclear trading conditions, and reported withdrawal issues raise significant concerns for potential investors. As always, thorough research and caution are paramount when considering engagement with unregulated trading platforms like Mina Group FX.

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Latest Reviews

Baghdad Karbala

Baghdad Karbala

Verified

Iraq

I contacted the company manager and told him that my account was working, so I bought from it. I asked to withdraw $56,000 from my account. I'm coming. He told me to cancel the withdrawal because they cheated me. But I know their company manager. I deal with a direct manager because I know him, but Mena Group is a scam company. Every day, those who work in the company carry the name of another company. Be careful!

Exposure

01-10

altaie

altaie

Iraq

声明:我想分享我在Mena Croup的经验,因为它被认为是一家可靠且安全的公司。我定期提取利润,并确保提取过程轻松且毫不拖延。每日提款可用,这让我安心并对我的投资充满信心。我强烈建议与米娜·克虏伯进行交易!

Positive

2024-09-20

Amaar abrahem

Amaar abrahem

Iraq

This is a scam company that stole $2400 from me.

Exposure

2024-05-18

Mina Group Fx Forex Broker has an overall rating of 1.93, Regulatory Index 0.00, License Index 0.00, Business Index 5.48, Software Index 8.09 Risk Control Index 0.00.
Mina Group Fx