MIAXTrading is a platform that claims to offer online trading services. The platform advertises the opportunity for users to earn passive income through online trading. However, public online sources, including Traderknows, have not found any entity registration information about the company. The domain of the company's official website was registered on July 31, 2023, and the domain registration time is less than 4 months as of November 22, 2023
Account Registration:
According to MIAX's website, the company provides investors with a link to register for a real account. To register a real account, click "Logup" at the upper right corner of MIAX official website to enter the account registration page, fill in the Email, password and invitation code, and click "Logup" to complete the registration of the real account. MIAX official website account registration page also supports simplified Chinese and English. However, the MIAX website does not provide a link to sign up for a demo account.
Account Type:
The MIAX website does not provide information on the types of trading accounts.
Trading Products:
MIAX official website information shows that the company provides investors with foreign exchange, commodities trading services. In addition, although the official website of MIAX provides specific trading products covered by foreign exchange and commodities, the official website of MIAX does not provide commission, spread, minimum trading unit, maximum trading unit, overnight interest and other information of specific trading products.
Margin ratio:
The MIAX website does not provide information on margin (leverage) ratios for specific trading products covered by Foreign exchange, bulk commodities.
Trading Hours:
The MIAX website does not provide information on trading hours for specific trading products covered by Foreign exchange, bulk commodities.
Deposits and Withdrawals:
MIAX's official website does not provide information about the deposit and withdrawal methods and channels it supports, nor does it provide information about the deposit and withdrawal currencies it supports, as well as the deposit and withdrawal fees and deposit and withdrawal times.
Trading Software:
MIAX website information shows that the company provides investors with self-developed trading software, MIAX provides trading software support for computer (Winodws/MacOS) and mobile (IOS/Android). However, the Android version of the software cannot be downloaded or installed in some countries or regions, or the download and installation speed is slow.
Regulatory information:
MIAX official website information shows that the company holds the United States MBA license, but the main regulatory bodies of the United States financial system are the United States Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), the United States Commodity Futures Trading Commission (CFTC), and so on, and the United States does not have a financial regulatory body referred to as MBA.
Summary:
MIAX is suspected of fraud. On the one hand, MIAX's official website does not provide company registration information, nor does it provide an office address, and it is impossible to confirm and verify the company's registration information. On the other hand, the information on MIAX's official website shows that the company holds an MBA license in the United States, but the main regulators of the United States financial system are the United States Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), the United States Commodity Futures Trading Commission (CFTC) and so on, and the United States does not have a financial regulator referred to as MBA. Judging from this, MIAX is suspected of fraud, and investors should be careful to choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
