Global Forex Broker Regulatory Inquiry APP

Broker Search

English

简体中文繁體中文 English Pусский 日本語 ภาษาไทย Tiếng Việt Bahasa Indonesia Español हिन्दी Filippiiniläinen Français Deutsch Português Türkçe العربية

Download

Home -

MIA -

Scam Brokers

Score

1.52 /10

Danger

MIA

Item: MIA
Rating: 1.52

Australia

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://www.mia491.com/#

Add brokers

Comparison

Quantity 14

Exposure

Open Account

Website

Score

License Index	0.00
Business Index	7.10
Risk Management Index	0.00
Software Index	4.00
Regulatory Index	0.00

The WikiFX Score of this broker is reduced because of too many complaints!

Open Account

Website

Licenses

ASIC Suspicious Clone

Investment Advisory License

NFA Suspicious Clone

Common fin.

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

open now

Regulatory disclosure

Danger

2020-01-01

INVESTOR ALERT LIST

MIA

Warning

SG MAS

2019-08-14

Investor Alert List

MIA

Broker Information

Company Name

My Group Fintech Co Pty Ltd.

Company Abbreviation

MIA

Platform registered country and region

Australia

Company website

https://www.mia491.com/#

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Download on the

WikiFX (Global)

Download on the

外汇天眼（中国）

GET IT ON

WikiFX Google Play

Download Apk

WikiFX APK

This platform is a Ponzi Scheme. Please stay away! 6

Previous Detection : 2023-06-10

This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!

The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

14 pieces of exposure in total

Pyramid scheme complaint

Expose

Others

MIA

The fund was gone overnight. MIA might has absconded.

2019-11-16 13:31

Severe Slippage

In June 3rd it maliciously made two orders. All my money was lost. I think they might have absconded. Victims are all over the country, losing great amount. Even legit companies can’t go over such a thing. They must have ran away.

2019-06-05 17:54

Others

MIA lied to clients, saying the platform was hacked. All my money lost.

All money on MIA was gone overnight. My balance became negative. Now they told us the platform was hacked. But the data show that my orders are abnormal.

2019-06-05 02:55

Scam

The superior of MIA sucks

Bong Fong Ping is so sarcastic. She kept inducing people to invest here before things happen to make her become a regional manager.

2021-03-11 12:31

Others

The clients’ money on MIA disappear overnight

I can't see that there is a chance to take the money back . Some have lost nearly 30k USD.

2019-06-05 17:54

Others

MIA and FintechFX

I traded gold on MIA and let FintechFX trade for me. Every time they traded 0.6 lot according to our contract and my stop earn or stop loss level for manual orders were 4 pips. Last night, they suddenly traded 10 times more lots for 2 orders and didn’t set stop loss. My position was liquidated and the balance turned to negative. FintechFX and MIA are pushing the buck. They traded in abnormal hour in an abnormal way, for the first time.

2019-06-05 01:19

Others

All gone overnight! Malicious order operation!

All gone! ! ! It used to be very good. Just last night, I made two orders. I suspected that it was a malicious one. I have not given a reasonable explanation until now!

2019-06-04 21:33

Scam

MIA is a scam platform

MIA cheated all clients of all balances overnight. The money was huge. Pay attention to this person, who is the head of the platform.

2019-06-05 17:56

Scam

MIA is a scam platform, making orders at his will

MIA is a scam platform, making ten times of the orders I wanted to made.Please stay away from it.

2019-06-05 17:52

Unable to withdraw

Abnormal trading time and operation mode

I traded gold and forex in MIA,docking Fengdi plus broke..According to the contract,0.6 lot each time,the take-profit and stop-loss price didn’t exceed 4 pips.Last night,I didn’t stop loss for 2 orders since the original lot increased by more than 20 times, thus my account became negative because of forced liquidation.The broker and MIA kept shirking the responsibility.The is the first time I encountered with abnormal trading time and operation mode.

2019-06-06 01:24

Scam

Fraud

My capital was gone within one night. That turns out to be a pyramid-scheme-liked fraud! Leaders at different levels still incredibly have faith in the platform, especially Chen Shanshan from Qinhai.

2019-07-04 23:24

Scam

All investors were cheated out overnight by the platform that made orders at it will

It is really a financial pyramid schemes with a killing acquaintances mode. There is no sign of closing! Many people completely ruined overnight!

2019-06-05 17:53

Others

Orders were made at its will

Two large money-lossing orders were made in a row, causing a negative balance. As far as I know, all accounts are involved.

2019-06-04 23:37

Scam

Pay attention! MIA is informal! Expose the fraud broker!

Mr. Li was a victim of investing in MIA. Because he couldn't make money from doing business, he began to find another way to make money. Recently, Mr. Li received the information about the MIA introduced to him by the salesperson of the MIA when he was trading stocks online, promoting high-yield and zero-risk. It is a good way to make a fortune. Although Mr. Li doubts but can't stand some of the profit temptation sent to him by the other party, he made a fascinating deposit of 200,000 yuan and followed the so-called analyst to make orders, but the next few days were not the same at all. The profitable list was very high. Less and less profit, but the loss is a large amount, not as good as the salesman promised. Mr. Li felt that something was wrong but subconsciously did not want to believe it, and every time he lost money, MIA analysts would confuse him and talk a lot of professional terms, and induce him to increase the amount of money. Increase the position, get more profits, and get back the previous losses and there are more. In this way, Mr. Li invested a total of more than 330,000 from the deposit to the increase. Almost all his family savings were used up. He lost more than 170,000 and has more than 160,000 in lock-up. At this time, Mr. Li had realized that he had been cheated and wanted to withdraw the money, but the analyst of the Michi platform meant that he would add another 200,000 to the money before he could withdraw the money. The same thing has been said several times, Mr. Li is angry and aggrieved but helpless

2021-03-12 15:18

MIA · Company summary

General Information & Regulation

Mia has a very professional, experienced, and trustworthy team in the field of financial investment. Mia works with reputable brokers through a brand new technology - Mirror Trading System, which allows a beginner to profit with peace of mind 24 hours a day, 5 days a week in the most transparent way. My Group Fitech Co Pty Ltd, registered under number 24375, has an Australian financial services license (license number 493603).

Market Instruments

The Mia forex broker claims to provide investors with foreign exchange, precious metals, indices, crude oil, and other financial trading products.

Accounts Management

Mia uses a new technology - Mirror Trade System (MIRROR TRADE) to make profits for customers in various areas of the international foreign exchange trading platform.

Minimum Deposit

Since Mia official website cannot be opened, we have no idea about the precise fund amout to start trading with broker.

Mia Spreads

Spreads related information is not disclosed. As the core part of forex trading, trading conditions not transparent means this broker is an illgeal one.

Mia Leverage

Lverage related information is also not mentio.

User Reviews

Sort by content

Sort by content
Sort by time

User comment

Comments

Write a review

FX1352371297

more than one year

Let me tell you the cruel truth, buddies: the real trading experience in Live account was different from demo account. On demo accounts there were no slippage. It was instant execution. On Live accounts, there were much slippages. These two trading environments were totally different. I finally gave up opening real trading opening advanced trading accounts here. It was so horrible. Losses were not big…

2023-03-23 10:09

Stevano

more than one year

Mia is a terrible company! I was defrauded of nearly 10,000 US dollars, can wikifx help me recover the funds? We victims really need help... please!

2022-12-12 11:20

MIA

Licenses

Regulatory disclosure

Contact number

Broker Information

Broker Information

Check whenever you want

Download App for complete information

WikiFX Verification

Broker Information

Exposure

MIA

MIA maliciously made orders

MIA lied to clients, saying the platform was hacked. All my money lost.

The superior of MIA sucks

The clients’ money on MIA disappear overnight

MIA and FintechFX

All gone overnight! Malicious order operation!

MIA is a scam platform

MIA is a scam platform, making orders at his will

Abnormal trading time and operation mode

Fraud

All investors were cheated out overnight by the platform that made orders at it will

Orders were made at its will

Pay attention! MIA is informal! Expose the fraud broker!

Broker Information

User Reviews