Miracle Broker Review

　　

Miracle 2025 Review: Everything You Need to Know

　　In this comprehensive review of Miracle, we delve into the broker's offerings, user experiences, regulatory status, and overall trustworthiness. Despite being established in 2019, Miracle has garnered a mixed reputation, with significant concerns regarding its lack of regulation and customer service issues. Users have reported difficulties with withdrawals, raising red flags about the broker's reliability.

　　Note: It is essential to consider that Miracle operates in different geographical regions, which may affect regulatory oversight and user experiences. We have utilized a balanced approach to present an accurate assessment based on multiple sources.

　　

Ratings Overview

Category	Score (out of 10)
Account Conditions	4.0
Tools and Resources	5.0
Customer Service and Support	3.0
Trading Setup/Experience	4.5
Trustworthiness	2.0
User Experience	3.5

　　We rate brokers based on user feedback, regulatory compliance, and overall service quality.

　　

Broker Overview

　　Miracle, established in 2019, is an Australian-based forex broker that operates without valid regulatory oversight, raising concerns about its legitimacy. The broker offers access to various trading instruments, including forex and CFDs, primarily through the popular MetaTrader 4 (MT4) platform. However, the absence of regulatory approval from recognized authorities is a significant drawback for potential investors.

　　

Detailed Analysis

　　

Regulatory Status and Geographical Regions

　　Miracle is not regulated by any recognized financial authority, which is a major concern for traders looking for a secure trading environment. According to WikiFX, Miracle has a low trust score of 1.49 out of 10, indicating high risks associated with trading through this broker. The lack of regulation means that if issues arise, traders may not have legal protections or recourse to recover their funds.

　　

Deposit/Withdrawal Currencies and Cryptocurrencies

　　Miracle supports multiple currencies for deposits and withdrawals, but specific details on accepted cryptocurrencies are not clearly stated in the available resources. Users have reported difficulties with withdrawals, with one complaint highlighting that a withdrawal was unavailable for 15 days (WikiFX).

　　

Minimum Deposit

　　The minimum deposit required to open an account with Miracle is not explicitly mentioned in the sources reviewed. However, potential traders should be cautious, as brokers without clear information often pose higher risks.

　　

Bonuses/Promotions

　　There is no mention of specific bonuses or promotional offers associated with Miracle in the sources reviewed. This absence may indicate a lack of competitive incentives compared to other brokers.

　　

Tradable Asset Classes

　　Miracle provides access to various asset classes, primarily focusing on forex and CFDs. However, the limited diversity in available instruments may not meet the needs of all traders.

　　

Costs (Spreads, Fees, Commissions)

　　The sources do not provide detailed information about the spreads, fees, or commissions associated with trading on the Miracle platform. Traders should be aware that hidden costs can significantly impact profitability.

　　

Leverage

　　Information regarding leverage options at Miracle is also scarce. Traders should exercise caution and ensure they understand the risks associated with high leverage trading.

　　

Allowed Trading Platforms

　　Miracle primarily offers trading through the MetaTrader 4 platform, which is well-regarded for its user-friendly interface and advanced trading features. However, the lack of additional platforms may limit options for some traders.

　　

Restricted Regions

　　The specific regions where Miracle operates or restricts access are not clearly outlined in the reviewed sources. Traders should verify this information to ensure compliance with local regulations.

　　

Customer Service Languages

　　Miracle provides customer support in English and one additional language, but users have reported long waiting times for responses. According to WikiFX, customer service has been criticized for its inefficiency, which can be frustrating for traders seeking assistance.

　　

Ratings Overview (Detailed)

　　

Account Conditions: 4.0

　　The account conditions at Miracle are not particularly favorable, primarily due to the lack of transparency regarding minimum deposits and trading fees.

　　

Tools and Resources: 5.0

　　While Miracle offers the MT4 platform, the overall tools and resources available to traders are limited compared to more established brokers.

　　

Customer Service and Support: 3.0

　　Customer service has received negative feedback, with users reporting long response times and unresolved issues, particularly regarding withdrawals.

　　

Trading Setup/Experience: 4.5

　　The trading experience on the MT4 platform is generally positive, but the lack of regulatory oversight raises concerns about the overall safety of trading with Miracle.

　　

Trustworthiness: 2.0

　　Miracle's lack of regulation and negative user experiences significantly impact its trustworthiness, making it a risky choice for traders.

　　

User Experience: 3.5

　　User experiences vary, but the reports of withdrawal issues and customer service challenges suggest that many traders may find their experience unsatisfactory.

　　In conclusion, while Miracle offers some appealing features, the overall lack of regulation, transparency, and customer support raises significant concerns. Potential traders should exercise caution and consider alternative brokers with better reputations and regulatory oversight. The findings from this Miracle review indicate that while the trading platform may have potential, the risks associated with unregulated brokers should not be overlooked.