Mciinvestments is a forex broker supposedly located in the Marshall Islands. In the review below, we take an in-depth look at the features MCIINVESTMENTS.COM allegedly offers. This review answers the questions: is mci investments legit? Is MCI investments good? The review covers aspects of its licensing, its account types, its leverages, its withdrawal, and deposit methods. Read through our review to see what we and other experts have to say about MCI investments.
Table of Contents
MCIINVESTMENTS Trading Platform
MCIINVESTMENTS.COM is littered with questionable design choices. And the website lacks the air of professionalism.
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At first glance, we discover that this broker support neither the MT4 nor the MT5 trading platform despite their claims of doing so. They use a web-based platform to offer assets such as Forex (with leverages up to 1:400) CFDs, Indices, Stocks, and Precious metals.
MCIINVESTMENTS Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea of how a broker might work.
After checking, we discovered that this broker has four account types.
MCIInvesments Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The payment section claims that clients can deposit or withdraw via the standard Visa and MasterCard, bank wire, QIWI, AstroPay and paysafecard.
This broker claims not to have any withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume to be eligible for withdrawal. They do this to stop traders from making a withdrawal.
Is MCI Investments Licensed?
Licensing is another important part because we can trust a regulated broker to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it regulates said brokerage.
Aside from the fact that MCI Investments doesn’t give any licensing information, we cannot ignore the fact that this Broker resides in the Marshall Islands. The Marshall Islands is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body.
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Accounts
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Minimum Trade Deposit $100
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
In fact-checking this broker, we found that many of its claims were false or unverifiable. We can’t confirm their location, and also, there is a lack of transparency in depositing funds and even a foggier and non-explained process of withdrawing. We don’t advise you to invest with this broker, any attempts to do so we lead to loss of your funds.