MIKI Broker Review

Miki 2025 Review: Everything You Need to Know

　　Miki Forex, a broker that has been operating since 1998, is currently facing significant scrutiny and mixed reviews from its users. While some praise its trading conditions and range of assets, a troubling number of negative experiences highlight issues related to withdrawal processes and overall trustworthiness. Notably, the broker claims regulation by the Israel Ministry of Finance, but many users express concerns over its reliability.

　　Note: It is essential to recognize that Miki operates under different regulatory entities depending on the region, which may affect user experiences and protections. This review aims for fairness and accuracy by considering various perspectives.

Rating Overview

　　How We Rate Brokers: Our ratings are based on user feedback, expert opinions, and factual data gathered from multiple sources.

Broker Overview

　　Founded in 1998, Miki Forex is a broker that primarily operates in the Forex and CFD markets. The company claims to offer a variety of trading services, including access to different asset classes such as forex pairs, commodities, and indices. Miki operates on its proprietary trading platform, Mobius Trader 7, which is available for both desktop and mobile users. However, it does not support popular platforms like MetaTrader 4 or 5. The broker claims to be regulated by the Israel Ministry of Finance, although this claim has been met with skepticism from various users.

Detailed Analysis

• 　　Regulatory Regions: Miki Forex is primarily regulated in Israel. However, it operates under varying regulatory standards depending on the region, which raises concerns about client protection and the legitimacy of its operations.

• 　　Deposit/Withdrawal Currencies: The broker supports several major currencies for deposits and withdrawals, although specific details regarding cryptocurrencies are not prominently featured.

• 　　Minimum Deposit: Miki Forex offers various account types, with minimum deposits ranging from $20 for a micro account to $1,500 for a standard account.

• 　　Bonuses/Promotions: There is limited information regarding bonuses or promotions available to users, which could be a disadvantage for traders seeking incentives.

• 　　Tradable Asset Classes: Miki Forex provides access to a range of assets, including forex pairs, CFDs, and commodities, though it lacks options for trading stocks or shares.

• 　　Costs (Spreads, Fees, Commissions): Users have reported high spreads, with some noting that spreads can widen significantly during volatile market conditions. This has been cited as a major drawback in various user reviews.

• 　　Leverage: Miki offers leverage options up to 1:500, which can be appealing to traders looking for high-risk, high-reward opportunities. However, this also increases the potential for significant losses.

• 　　Allowed Trading Platforms: The primary trading platform is Mobius Trader 7, which lacks the advanced features found in more popular platforms like MT4 or MT5.

• 　　Restricted Regions: Miki Forex has not clearly stated any specific regions where it is restricted, but the lack of robust regulation may pose risks for users in certain jurisdictions.

• 　　Available Customer Support Languages: Customer support is available primarily in English, with limited options for other languages, which could be a barrier for non-English speaking users.

  　　

　　

Repeated Rating Overview

Category	Rating (out of 10)
Account Conditions	5
Tools and Resources	6
Customer Service and Support	4
Trading Experience	5
Trustworthiness	3
User Experience	4
Withdrawal Processes	2

　　

Detailed Breakdown

• 　　Account Conditions (5/10): Miki Forex offers three types of accounts with varying minimum deposits, but the lack of competitive conditions and high spreads detracts from its overall rating.

• 　　Tools and Resources (6/10): While the broker provides basic educational resources, the absence of a demo account and advanced trading tools limits its appeal to more experienced traders.

• 　　Customer Service and Support (4/10): User reviews frequently mention poor customer service, particularly regarding withdrawal issues, which is a critical factor for traders.

• 　　Trading Experience (5/10): The proprietary trading platform, Mobius Trader 7, offers a user-friendly experience but lacks the advanced features that many traders expect from leading platforms.

• 　　Trustworthiness (3/10): Numerous complaints about withdrawal difficulties and poor customer service have led to concerns about Miki's reliability. The broker's claims of regulation are often viewed with skepticism.

• 　　User Experience (4/10): Overall user experiences are mixed, with many reporting dissatisfaction with the trading conditions and support, while a few users have had positive experiences.

• 　　Withdrawal Processes (2/10): A significant number of users have reported long wait times and difficulties in processing withdrawals, leading to a very low score in this category.

　　In conclusion, while Miki Forex presents itself as a long-standing broker with a range of trading options, the significant number of negative user experiences and concerns about its regulatory status raise serious questions about its reliability. Potential users should proceed with caution and consider alternative brokers with stronger reputations and regulatory oversight.