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Global Broker governance & inquiry App
No Regulation
Score
0123456789
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/10
MIT
United Kingdom|2-5 years| Suspicious Regulatory License|White label MT5|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|
https://www.mitmarkets.com/en/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
2
Server Name
MITMarket-Demo MT5
Server Location 
Japan
JapanContact
cs@mitmarkets.com
https://www.mitmarkets.com/en/
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Broker Information
More
Company Name
MIT Market Limited
Company Abbreviation
MIT
Platform registered country and region
United Kingdom
Company website
Pyramid scheme complaint
Expose
Check whenever you want
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Warning: Low score, please stay away!
3
Previous Detection :
2024-04-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- United StatesNFA (license number: 0541565) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
WikiFX Verification
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Exposure
2 pieces of exposure in total Pyramid scheme complaint
ExposeMIT · Company Summary
General Information
MIT Market Limited (MIT) is a financial services provider registered in London, England. According to the registration information checked, we can see that MIT was registered in July 2021.
Market Instruments
MIT provides investors with a range of financial instruments, including foreign exchange, precious metals, CFDs and futures and other trading products.
Accounts & Leverage
MIT has four account types for investors to choose from, namely fixed mini-account, fixed standard account, professional account and institutional account. Users only need to deposit $200 to open an account, and the account standard is set on the minimum deposit amount. During trading, the maximum leverage available to the user is 100:1.
Spreads & Commissions
MIT does not charge any transaction fees, but does charge a certain amount of spreads. MIT does not disclose much about the spreads, but only mentions that it charges floating spreads. Take the EUR/USD currency pair as an example, the spread starts from 1.8 pips, and the minimum spread for professional accounts without slippage can be 0.2 pips.
Trading Platform
MIT offers its clients access to the world's financial markets via the MetaTrader 5 (MT5) platform, which is used by millions of traders worldwide and supports both PC and mobile use.
Deposit & Withdrawal
MIT only provides a rough overview of the ways clients can deposit/withdraw funds, including bank wire transfers, credit/debit cards, and recommends using internet banking for these operations.
Trading Hours
Clients can use MIT's portal at any time, but the trading hours depend on the specific market. Generally speaking, Forex is a 24/5 global trading market.
Customer Support
To meet the needs of clients from different countries and regions, MIT's official website supports Chinese, English and Japanese language versions for access. In addition, MIT provides basic trading terminology and process for novice clients.
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