MEVP Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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DFSA Suspicious Clone 
They tell you to deposit the money to them which was 140 in my case and then they tell you that the fact is not like that. It is false and absolutely no one gives you an answer
In this comprehensive review of Mevp, we delve into the various aspects of this forex broker, highlighting both its strengths and weaknesses based on recent analyses. The overall sentiment surrounding Mevp is largely negative, primarily due to its lack of regulation and transparency. Users have reported difficulties in withdrawing funds and expressed concerns about the broker's credibility.
Note: It is crucial to recognize that different entities may operate under the Mevp name across various regions, which could affect the regulatory landscape and user experience. This review aims to provide a balanced overview, drawing from multiple sources to ensure fairness and accuracy.
| Rating Category | Score (out of 10) |
|---|---|
| Account Conditions | 4.0 |
| Tools and Resources | 3.5 |
| Customer Service & Support | 4.0 |
| Trading Experience | 4.2 |
| Trustworthiness | 2.0 |
| User Experience | 3.8 |
We evaluate brokers based on user feedback, expert opinions, and factual data from credible sources.
Established in 2010, Mevp is a forex brokerage based in the United Arab Emirates, specifically located at Emirates Financial Towers in Dubai. The broker offers a range of trading services across various asset classes, including forex, commodities, and contracts for difference (CFDs). However, it notably lacks support for popular trading platforms like MetaTrader 4 or MetaTrader 5. Mevp is currently unregulated, which raises significant concerns about its operational integrity and the safety of client funds.
Regulatory Regions:
Mevp operates primarily in the UAE but is not regulated by any major financial authority. This absence of regulation is a significant red flag for potential traders. According to multiple sources, including PediaFX and WikiFX, the lack of oversight could expose traders to various risks, including potential fraud and difficulty in fund recovery.
Deposit/Withdrawal Currencies & Cryptocurrencies:
The specific currencies accepted for deposits and withdrawals by Mevp are not explicitly mentioned in the available sources. However, users have noted that the broker's withdrawal processes can be problematic, with many expressing frustration over delays and complications.
Minimum Deposit:
The minimum deposit requirement for Mevp accounts is not clearly outlined in the reviews. This ambiguity can deter potential clients who prefer transparent conditions before committing their funds.
Bonuses/Promotions:
There are currently no bonuses or promotions offered by Mevp, as indicated by sources like Reliable Forex Broker. This lack of incentives may make it less appealing compared to other brokers that offer competitive bonuses for new clients.
Tradable Asset Classes:
Mevp provides access to various asset classes, including forex pairs, commodities, and indices. However, the absence of cryptocurrencies and a limited selection of CFDs may restrict trading opportunities for some users.
Costs (Spreads, Fees, Commissions):
While specific spread and commission rates are not detailed in the reviews, the general consensus suggests that the costs associated with trading on Mevp may not be as competitive as those offered by regulated brokers. This factor could impact profitability for traders.
Leverage:
The leverage options available through Mevp are not specified in the available reviews. Traders should be cautious, as high leverage can lead to significant risks, especially in volatile markets.
Permitted Trading Platforms:
Mevp does not support popular trading platforms like MetaTrader 4 or MetaTrader 5, which could be a disadvantage for traders who prefer these widely-used interfaces. Instead, the broker appears to operate on a proprietary platform, which may not offer the same level of functionality or user-friendliness.
Restricted Regions:
Mevp's operational restrictions by region are not clearly defined in the reviews. However, the lack of regulation suggests that it may not be accessible or advisable for traders in certain jurisdictions, particularly those with stringent forex trading laws.
Available Customer Service Languages:
Mevp reportedly offers customer service in English, but the quality and responsiveness of this support have been called into question. Users have expressed concerns about the effectiveness of customer service, particularly regarding withdrawal issues.
| Rating Category | Score (out of 10) |
|---|---|
| Account Conditions | 4.0 |
| Tools and Resources | 3.5 |
| Customer Service & Support | 4.0 |
| Trading Experience | 4.2 |
| Trustworthiness | 2.0 |
| User Experience | 3.8 |
Account Conditions:
User feedback indicates that account conditions at Mevp are below par, particularly due to the lack of regulation and clarity regarding fees. Traders have reported difficulties in understanding the terms of service and the implications of their trading activities.
Tools and Resources:
The tools and resources available to traders on Mevp are limited. Many users have expressed disappointment with the lack of educational materials and trading tools that are typically standard with more established brokers.
Customer Service & Support:
Customer service has received mixed reviews, with some users reporting delays in response times and inadequate support for resolving issues, particularly concerning withdrawals.
Trading Experience:
While the trading experience on Mevp is generally acceptable, the lack of a robust trading platform and limited asset classes can hinder the overall trading environment for users.
Trustworthiness:
The trustworthiness of Mevp is a major concern, primarily due to its unregulated status. Multiple sources warn potential clients about the risks associated with trading through an unregulated broker, emphasizing the importance of due diligence.
User Experience:
Overall, user experience on Mevp is affected by the broker's lack of transparency and regulatory oversight. Many users have reported negative experiences, particularly concerning fund withdrawals and customer support.
In summary, while Mevp may offer some trading opportunities, potential users should proceed with caution. The lack of regulation, transparency, and user-friendly features raises significant concerns about the safety and reliability of this broker. Always conduct thorough research and consider alternatives before committing your funds.
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