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Mitrate is an offshore broker that aims to provide online trading services. The company offers Forex, Stocks, and Indices investment opportunities, among other assets. However, there are several obvious factors that you should consider before taking any steps further towards investing in any platform. Mitrate urges you to sign up via pop-ups that keep on appearing on the website.
Also, as you read this impartial review on Mitrate, we showcase some of the red flags that they expose. Meanwhile, these forex brokers apply tried and tested strategies. You can count on them for profit returns on your hard-earned money. Mitrate website is barely functional, and you can not access any valuable data. The About us section is blank and such traits are common among fraudulent companies.
Mitrate aims to make trading seem like a walk in the park. Furthermore, the trading world is not Child’s play, and without proper training, you’ll hardly make any profit. The investment firm provides trading services to all sorts of traders. Hence beginners should expect to find educational tools to grasp more market knowledge. They hardly provide any video tutorials or webinars to assist novice investors, and that’s a major red flag.
Mitrate.com does not seem to meet any transparency. The company is only after your funds. They do not reveal any proper strategy that they used to attract pleasing profits. They do not reveal any algorithm information, and there is no certainty that you will use reliable tools. Furthermore, automatic trading tools are preferable to humans as they do not mix emotional interference while investing.
Mitrate.com is not transparent at all but only with the information on the software. They hardly provide the founders’ or employees’ data. Hence it’s impossible to tell that you are working professionals without qualification documents. Scammers hardly provide any whereabouts information or personal data because open they result in opening new platforms and robbing more money from innocent traders.
Mitrate does not have any unique traits that help them beat the market’s vast competition. Also, the platform does not have any risk management measures such as store close to protect you from sudden market shifts. The trading world faces high volatility, and there is no such thing as constant returns. While investing, you may incur losses, and promising daily returns of the exact figure is a myth.
How Mitrate.com Operates
Mitrate.com does not have a suitable style of operation. Additionally, you can hardly count on anonymous people for any profits. They showcase so many similarities to scam companies, and the probability of operating any differently is low.
Therefore they will find ways to lower you into making hefty deposits. You will end up receiving phone calls or email alerts urging you to size one-time opportunities and earn massively. Consequently, when you fall for the catch and make a deposit with Mitrate.com, consider business between you and them over. May may result in denying you access to the website and their services upon having your money.
Also, you should be careful not to fall for bonuses on the first deposit. You’ll hardly have access to the reward money without meeting specific tasks. Even after attaining the levels for a bonus, you won’t receive the exact figures.
Mitrate does not have evidence of past trade activities to determine traders and going on the platform. They have a shady website, and you should at least find past trade data for three months or more. This information helps determine the results to expect from the entity since you do not receive preferential treatment.
Mitrate does not have any positive feedback from any of its customers. The software they use is also not compatible with MetaTrader or any well-established trading platform. Hence you might rely on a web trader platform that is not prone to attacks.
Mitrate does not guarantee any safety of your money. Hence you should not invest even a single coin with the entity. The security of your funds should always be a top priority to consider in any platform. Mitrate shows many red flags that should be a warning that your cash is at risk.
The company does not have a demo account to test and familiarise yourself with its operation before investing real money. Thus, you may purchase the wrong tools, which does not protect you from the loss of funds.
Mitrate does not have any bank details information. The only likely beneficiaries are the anonymous people behind the company. They might end up keeping your money in personal accounts as they persuade you to wait for profits that will never approach.
The lack of transparency should be a sign your funds are at risk. Mitrate operates with a lot of anonymity and trusting the company not only puts your money at risk, but personal information may also fall in the wrong hands as well.
Deposit and Withdrawals
Mitrate fails to reveal to its traders what the minimum trade amount is. Additionally, you should consider using the credit or debit options to find your account. Through this method, you get a chargeback of up to 540 days. On the other hand, wire transfer and crypto transactions are irreversible.
Mitrate does not have a refund policy, and if the services they offer do not please you, you cannot have your money back. The company does not provide any evidence of successful withdrawals made by any customer. Thus, you will have difficulty accessing money from the shady broker. You want to have instant withdrawals of your funds.
However, scammers will find ways to hold on to your money for as long as they can. Mitrate will expose you to high commission charges if you manage to withdraw your money. They do not elaborate how long it takes to process withdrawal requests and you should avoid the shady broker at all costs.
Mitrate does not have any reliable customer support that you can use to reach them. Additionally, you should receive instant responses to your queries if not fast. The company does not provide any location address information, which is a major red flag.
Mitrate explorers similarities to scam platforms they will cut off communications with upon receiving your funds. The company guarantees a friendly interface but maintaining the same is impossible without proper customer relations. Also, working customer support helps enhance more trust between you and the company.
Regulation staus of Mitrate
Mitrate is not regulated since they do not appear under any responsible regulator. Moreover, regulated companies do not last for long in the market. They end up breaking trade laws as they please or simply disappear anonymously.
Scammers can hardly afford regulation fees, and they easily face bankruptcy. Furthermore, these regulated forex companies a transparent, and you can easily find and verify similar information. In every country, if not all, it is impossible to have access to public funds without adhering to regulation policies.
Mitrate.com does not showcase any past trade activities. The company also has a shady reputation across social media and the internet at large. They have a terrible website that hardly has any relevant information.
Mitrate is only after the funds you deposit, and once this is over, consider any business between you and them. Consequently, these forex brokers apply tried-and-tested strategies for sensible prophets. Also, you will enjoy a pleasing trading experience, unlike Mitrate.com.