WikiFX

Reply

From my perspective as a trader with a strong focus on safety and transparency, I have to point out that detailed information about typical EUR/USD spreads with MIB’s standard account is not provided in the available data. This absence is significant for me because spreads directly impact trading costs and are one of the primary factors I use to compare brokers. For a forex trader, knowing the average or typical spread on key pairs like EUR/USD is not only standard practice but essential for risk and cost management. My broader concern stems from the various risk factors highlighted for MIB. Despite the company’s long operational history and a previous SFC license, the mention of a suspicious regulatory license and the revocation of their futures license in Hong Kong raises red flags. From experience, I’ve learned that when a broker’s scope of business or regulatory details are in doubt, I proceed with extra caution—particularly if fee or spread transparency is lacking. Given these factors, I would be very careful submitting funds or executing trades with MIB until I could verify their current regulatory standing and receive explicit, up-to-date information directly from their official sources about spread costs for pairs like EUR/USD. For me, transparency on trading conditions is non-negotiable, especially with core metrics like spreads.