258 brokers
23583 reviews
Broker
Broker
Adviser

Independent rating of Forex broker MikiForex

0/10 (votes 100)

On-line since
2003
Country of origin
Israel
Regulation
Israel Ministry of Finance
Payment options
debit/credit cards, bank wire, Webmoney, Yandex-money, OKPay
Minimum account size
$20
Minimum lot size
0.01
Leverage
1:500
Spreads
0.5 pips and up
Miki Forex is one of the leaders in the forex market in Israel, as well as in other countries.
The company is licensed and regulated by the Ministry of Finance, Israel. The broker has been providing forex trading since 2003. MikiForex has been developing not only in the brokerage field but in other areas as well.
In particular, MiKi Forex provides exchange services: electronic and real currencies exchange through Miki Money Exchange Office. The service allows exchange electronic money - WMZ, WME, WMR to USD, EUR, ILS and other currencies.
The MetaTrader4 platform is available on the company's website for trading in the forex market.
Trading conditions guarantee low spreads of 0.5 pips and up when trading major currencies, as well as free analytics and forecasts. Campaigns and contests held by the broker will be interesting not only for beginners but also for experienced traders. Moreover, MikiForex holds free seminars where its clients can learn more about currency trading. To register for the individual educational course is possible on the company's website, the Education section.

Comments

Author: Andy Chalk Date: 2022-05-10 07:11:58 (UTC+3)
I closed my account with this broker the past week. I had a live account with $200 as a first deposit. The transfer was made with Skrill. I made a low profit the first 3 weeks trading major pairs EUR/USD, USD/JPY AND USD/CHF. The withdrawal process took 2 days and from 500$ they actually held 100$ fees. I was their client for 2 months only and the support was nonexistent I called them, e-mails were never answered. I got 2 times negative slippage of 12 pips from 5 trades. In the last 2 weeks, the platform MetaTrader 4 started to have delays of 2-3 seconds, and the spreads were crazy high during the news feed. I called nobody ever answered my questions. I decided to close the account and I went to another broker.
Author: Meghan Date: 2022-01-03 01:07:47 (UTC+3)
I can't apply scalping strategies due to slippage. Till now I have tried hard but I had lost $650 invest money. In the past, I had terrible experience with Hantec Markets when I traded with this broker. First, the demo and real feed prices, I couldn't trade a day in real account due to slippage. It's a kind of cheating. Also, I can't trade with an EA and the FX asset manager also failed to works. The demo and real feed prices and excecution are completely different. I tried my scalping strategies on demo succesfully but I couldn't trade a day in real account due to slippage. It's a kind of cheating and fooling people with tricks like this. I think, many traders will stay away of this broker.
Author: Marcelo Date: 2021-10-28 04:58:14 (UTC+3)
I had the worst trading experience at MikiForex. Their customer support representatives were pleasant to speak with that is why I did not hesitate to invest with them. I never thought that their services were terrible. The platform was unstable, there was always a slippage, and the spread was wide.
Author: Vinan Date: 2021-09-13 01:31:33 (UTC+3)
And when I make profit continuously then set my account 3-5 pips extra spread to any major pairs i trade. I am able to login my platform and I was surprised that I lost $325. I sent them an email regarding this issue but they agreed to adjust only 50%. They should pay me full not 50%. I'm closing my account this week. I've tried to contact support team many times using the live chat forum but no one answer me. I have followed all rules to get it but now, I consider it as a waste of time. Also, spreads are not ideal for trading because you see low earnings and if you would like to see big earnings, you must deposit big amounts of money and wait for a long time.
Author: Austin Date: 2021-07-06 04:29:14 (UTC+3)
People have been saying good things about Miki Forex that is why I opened an account with them. But I was only disappointed because their services are not that good. For one, the platform always lags and the chart is delayed. The spread is also floating so it changes endlessly and unreasonably. Right now, I already closed my account. I hope I get my remaining balance soon.
Author: Dasom Date: 2021-05-04 01:06:03 (UTC+3)
I suggest that you don't choose to join this broker. They will drain your money on your account. Yes, they will drain your money whenever they want and no one that you can do to prevent it. So finally in your account is not nothing left. They also don’t offer such a wide range of trading tools, as some of the leading brokers on the market. I find it unreasonable to ask for such amounts for minimum deposit, I wouldn't refer anyone else. You better never trade with Miki forex. $2500 was lost, due to a sudden change in their leverage.
Author: Knisso Date: 2021-03-16 06:45:24 (UTC+3)
The only problem I have with MikiForex is their customer support team. Their trading services are good overall, but I would appreciate it more if their support team was more responsive. At least, through the live chat, they should be prompt in answering to messages.
Author: Kewal Date: 2021-01-24 13:35:06 (UTC+3)
I am dealing in an ECN account with MikiForex & I can place accurate position on their MT4 platform, while their spread is low. I can make more money with this advantage! I made approximately $250 in this last month! I want to Thanks MikiForex.
Author: Saloni Date: 2020-11-16 07:32:02 (UTC+3)
I only tried trading with MikiForex because of their low minimum deposit. Sadly, their trading platform is of poor quality. It was very hard to operate and most of the time, it just crashes. Good thing, I only deposited $20 and it was not much of a loss.
Author: Jonnie Date: 2020-09-14 05:04:24 (UTC+3)
They have tons of hidden commissions. Their commission is greater than the profit I have. I was really shocked and it is the worst experience that I will never forget in mytrading career. At the moment, I thought I was smart enough to escape this broker. Miki Forex made my account be disable, so I lost everything. I lost $500. Trading with them is difficult and sometimes I had re-quotes also.

Leave a comment

empty
Start trading
without any investments and risks
With new Startup BONUS 1000$
empty
Get Bonus
55%
from InstaForex
on every deposit