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Mmtig.com review ; This is a very confusing forex broker. This company was established in early 2019. Mmtig claim to be a team of professional forex traders. Meanwhile, according to their claim, they offer the best trading plartform for both beginners and professionals. Moreover, the information about this company is very ambiguous. But we shall get to that later.
Mmtig appears to be an offshore broker. It is licensed in a small country called Vanuatu by Vanuatu financial services commission. This regulatory body has no reputation. Meanwhile, The main issue with offshore regulators like the Commission in Vanuatu is that they simply lack the resources to oversee internationally operating brokers like mmtig.
Also an offshore license in any way cannot be compared to a license issued by respectable institutions like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC), where brokers are subject to strict control.
Moreover, to get across to these people, you call 442080028720 or send a mail to email@example.com. In addition, their physical address is 2nd floor, Transpacific House, Lini Highway, Port Vila, Vanuatu.
Mmtig is a highly unpredictable forex broker. The regulation of this company is questionable. Meanwhile, the mmtig is a very new broker that lacks significant online presence. At the moment, investing in this broker has a higher risk. Therefore, you can choose from any of these regulated brokers .
Meanwhile, in mmtig, there is no segregation of clients funds. Therefore, if hackers temper with this company you will surely loose your money. Unlike regulated brokers, where investors money is kept in segregated account; Mmtig don’t do that which is very risky. Moreover, this broker is an offshore broker with no clients compensation scheme. Therefore, there’s no way you will get a refund if this company folds.
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In addition, there is no evidence that this company is profitable. They didn’t provide any verifiable trading history. We expect them to show their myfxbook account. With this account, we can verify if it’s really worth it. But there is no such information.
The Weaknesses of mmtig.com
1. This company is an offshore broker. It’s not regulated by a recognized regulatory body.
2. There is no segregation of clients funds. Therefore if hackers temper with the company, then you will loose all your money.
3. Meanwhile, this company is very new. Moreover the domain registration was just on 11 February, 2019.
4. There is no verifiable proof of trading.
5. Mmtig does not accept Skrill as a method of payment.
Mmtig.com review on their advantages.
Mmtig has a comprehensive list of instruments to trade. This is a good advantage; Since it helps reduce the limitation of a trader’s choice. According to the demo account, the following instruments are available – 49 forex pairs, lots of which exotic or minor. They include; USDARS, USDSGD, USDSEK, USDTRY, USDMXN, USDILS, USDHKD, USDCNY, USDRON, USDRUB, USDDKK, USDPLN and USDKRW. And there were also a number of CFDs – on gold, silver, platinum, palladium, copper, nickel, aluminum and zinc. Others are soft commodities like corn, rice, wheat, sugar, coffee, cocoa, soybean, oil and natural gas, bonds, stocks, as well as 16 indices.
In addition, they have a leverage of up to 1:200, which is very tempting. But this is a clear evidence that this broker lacks regulation. Moreover, areas with tight regulation like Canada, U.S.A, UK, AUSTRALIA, capped their leverage at 1: 100. Therefore, after reading this mmtig.com review, we encourage you to avoid it. Instead, you can choose from any of these regulated and reliable brokers.
Mmtig utilizes the mt4 trading plartform. This is obviously the most widely used trading plartform. It features over 50 market indicators with some advanced charting tools. In addition, mt4 gives access to expert advisor trading robot. This will help you run logarithmic trading sessions – And this basically what every trader needs.
The activities of this company is very ambiguous. Unfortunately, they make interesting offers like their leverage, which we don’t think is good enough to distract you. Moreover, there is no evidence that the broker is profitable. Therefore, we really suggest that you avoid it at all cost.