Mirollex
Pros and Cons
Pros
- Diverse deposit methods available
- Customer support via phone, email, and social media
- Average execution speed on MT4/5 platforms
- Operating for 5-10 years in the industry
- Accessible customer service contact information
Cons
- No valid regulatory oversight
- Inaccessible official website
- Lack of transparency regarding trading conditions
- Limited information on trading instruments
- Poor user reviews indicating reliability issues
Basic Information
User Reviews
Mirollex Overview
Founded in 2020, Mirollex is an unregulated forex broker based in Saint Vincent and the Grenadines. Operating without formal oversight, Mirollex raises significant concerns regarding its reliability and trustworthiness. The lack of regulation means that the broker’s practices are not subject to scrutiny by recognized financial authorities, which can pose risks to traders. Potential clients should be aware of these factors when considering engaging with the broker.
Is Mirollex Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| None | Saint Vincent and the Grenadines | No investor protection |
Is Mirollex Regulated and How Are Client Funds Protected?
Mirollex is not regulated by any recognized financial authority, which raises significant concerns regarding its legitimacy and safety as a trading platform. The absence of regulatory oversight means that the broker’s practices and operations are not subject to formal scrutiny, leaving clients vulnerable to potential fraud and mismanagement. Additionally, there are no investor protection measures in place, such as segregated accounts or compensation schemes, which are typically provided by regulated brokers to safeguard client funds. This lack of regulation and protection highlights the risks associated with trading through Mirollex and suggests that prospective clients should exercise caution when considering this broker.
Trading Products and Services
What trading instruments does Mirollex offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Many |
| Cryptocurrencies | BTC, ETH, XRP | Many |
Mirollex offers a diverse range of trading instruments across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection caters to various types of traders, from beginners looking to explore the Forex markets to seasoned professionals seeking to diversify their portfolios with commodities and stocks. The availability of multiple asset categories allows traders to adopt flexible strategies, enabling them to respond effectively to changing market conditions. With such a broad array of products, Mirollex supports users in crafting tailored trading strategies that align with their investment goals.
Account Types and Trading Conditions
What Account Types and Fees Does Mirollex Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly platform | Suitable for small-capital practice |
| Professional Account | Experienced traders | High leverage, tight spreads | Requires minimum trading volume qualifications |
| Corporate Account | Corporate clients | Customized solutions, dedicated account manager | Requires corporate documentation for account setup |
| Islamic Account | Traders requiring swap-free options | Complies with Sharia law, no overnight interest | Available upon request, subject to verification |
| Demo Account | All traders for practice | Risk-free environment, access to real market conditions | Ideal for testing strategies and platform features |
Account Opening Process
To open an account with Mirollex, potential clients must follow a structured process. First, users should provide personal information, which includes their full name, date of birth, and contact details. Next, employment and financial information must be submitted to assess the user’s trading profile. Identity verification is essential; clients will need to upload identification documents such as a government-issued ID and proof of address. This process ensures compliance and security. Additionally, Mirollex offers account flexibility, allowing users to upgrade from a retail to a professional account as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive rates for popular currencies |
| CFDs (Stocks) | 0.1% | $5 per lot | Varies by stock liquidity |
| CFDs (Indices) | 0.5% | $2 per lot | Low fees for major indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
Mirollex has several additional fees to be aware of. Deposit and withdrawal fees may apply, although specific amounts are not currently disclosed. Clients should also consider potential inactivity fees for dormant accounts. If applicable, platform usage fees may be charged, and overnight interest, or swap rates, will apply to positions held beyond the trading day. Additionally, currency conversion fees might be incurred when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Mirollex Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | 2FA, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| Web Version | Windows, macOS, Linux | Encryption, symbol lookup, push notifications | Demo accounts |
| Mobile App | iOS, Android | Biometric login, one-click trading, real-time alerts | API interfaces |
Mirollex offers a range of platforms tailored to different trading needs. MT4/MT5 is suitable for advanced traders, providing a comprehensive suite of tools and features. The web version allows access from various operating systems, ensuring flexibility. The mobile app supports trading on the go, emphasizing secure logins and real-time notifications. All platforms prioritize user security and efficient market search tools, catering to the diverse requirements of traders.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-3 business days | No platform fee, €0.50 third-party fee | Min €50, Max €10,000/day | EUR, USD |
| GrabPay | Instant | No platform fee | Min $20, Max $5,000/day | SGD, USD |
| SPEI | Instant | No platform fee, 1% charge for amounts > $1,000 | Min $100, Max $15,000/day | MXN, USD |
| Bank Transfer (International) | 3-5 business days | No platform fee, $20 international wire fee | Min $200, Max $20,000/day | USD, EUR |
| Cryptocurrency (BTC, ETH) | Instant | No platform fee | Min $50, Max $10,000/day | BTC, ETH |
Minimum Deposit
Mirollex requires a minimum deposit of $50 to open an account. This amount is consistent across all payment methods, ensuring accessibility for all users. However, higher minimums may apply for certain account types, such as professional accounts, which may require a minimum deposit of $5,000.
How to Withdraw
To withdraw funds from your Mirollex account, follow these simple steps:
- Log in to your Mirollex account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal request and check for any additional verification steps.
- Submit your request and await processing based on the selected method’s timeframe.
Customer Support
Mirollex Customer Support Overview
Support Channels
Mirollex offers multiple contact methods for customer support to ensure that clients receive the help they need. The primary channels include:
- Email: Clients can reach the support team via email at support@mirollex.com, where responses are typically prompt and detailed.
- Live Chat: For immediate assistance, Mirollex provides a live chat option on their website, allowing users to get real-time help.
- Telephone: Users can contact customer service by phone at +18299568652 for direct support.
- Social Media: Mirollex is active on social media platforms like Facebook and Twitter, providing another avenue for customer inquiries and support.
Service Availability
Mirollex’s customer support is available 24/5, ensuring that clients can receive assistance during the trading week. They also provide multilingual support in several languages, making it easier for international clients to communicate effectively.
Additional Resources
In addition to direct support services, Mirollex offers various educational resources, including:
- Video tutorials that guide users through the trading platform and strategies.
- Webinars hosted by experienced traders to provide insights and tips.
- Market analysis reports to help clients make informed trading decisions.
- Trading signals to assist clients in identifying potential trading opportunities.
Overall, Mirollex is committed to providing comprehensive support services to ensure that customers receive the necessary help and resources for their trading activities.
Frequently Asked Questions
No, Mirollex is currently unregulated and does not have valid regulatory oversight. This means that its practices are not subject to formal scrutiny, which can increase risks for traders.
Unfortunately, specific details about trading conditions such as leverage, spreads, and minimum deposit requirements are not provided on Mirollex’s website. Potential clients should be cautious due to the lack of transparency.
Given that Mirollex is unregulated, there are significant concerns regarding the security of client funds. It is advisable to research thoroughly and consider the inherent risks before investing with unregulated brokers.
Mirollex offers customer support via phone at +18299568652 and email at support@mirollex.com. Additionally, they have a presence on social media platforms like Twitter and Facebook for client inquiries.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.