Miki forex market

As expected, the minimum trading volume size is increased to 1 lot, thus a single trade will require a sizeable portion of the minimum deposit, even with the leverage offered. The leverage is not decreased and retains the same level as with the Mini Account. Platforms Miki Forex ceased with the MetaTrader 4 platform, even the logo is still on the website and introduced the Mobius Trader 7.

This platform is developed by Mobius Soft company based in Russia. Upon further inspection, MetaQuotes terminated the server with the Miki Forex as the broker used Mobius Soft services. After this event, MetaQuotes started a campaign against the Mobius Trader 7 platform.

The MT7 platform is all black by default, similar to the MT4 but simplified in certain areas and better in others. A web-accessible option is also offered and actually, you will be logged in to this platform automatically once you register. We have installed the desktop version and upon opening, we could see 3 sections, chart window on the left with integrated tools and settings, watchlist to the left and the bottom holds the trading info panel.

MT7 features a trading symbol search field but also a certain category asset listing. The Watchlist module does not display more info about the asset or at least not with Miki Forex except the Bid and Ask price and the full name of the asset. This is probably where more information could be filled in like in the MT4 specification window but nothing is found.

The module windows can be resized and chart windows can also be opened separately and detached. Charts have similar features like in the MT4 but the tools bars are set to the side and on top. Traders can change the timeframe to the same levels as in the MT4, starting from M1 to Monthly but with the addition of Tick chart presented as T1. The left side of the chart has several options to erase objects on the chart, save a workspace, open a console for errors made by indicators or algorithms, open mCode editor for coding new indicators, bug reporting, Chart, and General MT7 settings, and Traders Rating.

Traders Rating is a feature to compare traders available for copy trading service but in the case of Miki Forex, this is not available. Ordering has the option to set the size in lots or units, all pending orders, aggregation, and more features MT4 lack. The trade terminal module is very similar to the MT4 but enhanced with more features. Order History tab contains more information about your past trades such as Bid and Ask price. Active trade has the same columns as the MT4 and no noticeable differences.

As for the execution times, it is not presented in the Journal, we have manually measured it to be around ms. Indicators selection is similar in range as with the default MT4 installation. There is a market developed for MT7 by the Mobius Soft but there are no additional made from users. Indicator settings will be displayed once inserted and the options are similar as with the MT4. MT7 has several other modules integrated. These are Client account management panel, Economic Calendar, complete Profile and funds management and a switch to Binary Options trading.

These facilitate and round up the usual web login portal management. Overall, the platform does not have great reviews by users on Google Play. Aside from this, the MT7 is not popular, few brokers are actually using it. Whatsmore, these brokers have a very bad reputation among traders. Leverage The leverage offered for the Micro Account is maximum while other accounts are set to Still, from the MT7 Accounts tab you can select the leverage up to We are not certain if the leverage level published on the website is updated.

For Precious metals, the leverage is set to Trade Sizes For Micro Account the minimum trade size is set to 0. Additional minimal volume steps are also set to 0. As there is no information on the contract sizes, pending orders limits, etc, we are not able to find out their values. Mini Account has set the minimum trade size to 0. Standard Account has a very large minimum trade size of 1 lot. We are could not confirm what amount is applied in the MT7 platform. The minimum volume step is 0. Trading Costs Miki Forex does not state any commissions but to our surprise, they exist.

Other trading costs are related to negative swaps, which are under normal levels. It is not known how they are calculated but based on the values on the table published we assume it is in points. As for other trading costs such as inactivity and conversion fees, no info is available. In the MT7, funds transfer between accounts has a calculator for the estimation of using unknown rates.

Miki Forex may have its rates or conversion fees. We will mention what we see on the platform and actually available for trading. The overall asset range is very limited in each category. Starting with Forex, we have counted 31 currency pairs. Having all the majors, the range does not even feature all the crosses. As for the exotics, they are just indicative and not open for trading.

Precious metals range is limited to the standard spot Silver and Gold, without any other currency quotes except the USD. The company is a partner of the well-known British organization for the provision of Forex services. The staff of the company includes only professional employees who have trading experience and are well aware of what the trader needs for successful work.

Still, is Miki Forex a scam or a worthy company you can trust? We will answer this question in a detailed review of the broker. Demo Account Terms of trade with Miki Forex Miki Forex is an Israeli project, one of the market leaders, which, when concluding a trade contract, provides the trader with full administrative and technical services, and one of the best working conditions for today.

The company has successfully operated on the international Forex market for almost 20 years, with no competitors in Israel truth about Forex. The broker does not stop developing, it improves the service in accordance with the latest standards, gains an increasing number of customers around the world. Much attention is paid to the quality and professionalism of technical support, it allows to build an operational trustful and highly competent system of relationships with the user. The growing number of those who would like to master the profession of a trader, and the high quality of training and the provision of services have made the broker known not only in Europe but also beyond.

The broker has created the subdivision Exchange Office Miki Money Exchange Office , carrying out the exchange of real and electronic currencies without limits. This gives the company some openness, which also allows it to keep leading position.

Presence of own exchange office also guarantees the minimal commission. The broker provides a free demo account for work. The popular MetaTrader 4, the benchmark of quality and reliability in Forex with advanced mobile and web trading capabilities including with the help of advisors , was chosen as the main platform.

A convenient web platform Web Trader is also available. The official website of Miki Forex contains a large amount of information; and free seminars and high-quality training materials will be interesting and useful for both beginners and professional traders. Professional analytics, forecasts, news are published for users.

Deposit and withdrawal Miki Forex offers different deposit and withdrawal ways. There are numerous modern payment systems available for funds replenishment — from usual bank cards to electronic wallets: Bank transfers, Credit and debit cards Visa, MasterCard, Payment terminals: Skrill, Webmoney, Okpay, Yandex. Despite the majority of traders working with Webmoney, judging by references, please note that the amount of the provided payment systems is yet limited.

The money on the account is available right after its replenishment. The withdrawal is possible for authorized traders, only. The offer is available for all platform users. Ask your account manager about the details of the bonus terms. Complaints about Miki Forex Miki Forex, despite the fact that it has operated on the market for almost 20 years, has not so many comments most likely this happens because the company does not conduct active marketing , but there are some of them and they are diverse.

In general, there are more positive comments on work with a broker. Often negative comments can be met that relate to problems with the withdrawal of funds, the operation of the terminal lags, slippage , the incompetence of the support service long answers, etc. To avoid a negative while working with a broker, fully verify your account, ask with your personal manager about the features of using bonuses and withdrawal procedures.

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