WikiFX

Reply

After a thorough review of MIB, I remain cautious about considering them for trading. Despite their long standing presence in the market—over twenty years according to public records—I’ve found several red flags that make me pause. My experience has taught me that regulatory integrity is non-negotiable. While MIB previously held a license from the Hong Kong SFC for dealing in futures contracts, this license has since been revoked. This is particularly troubling since an active, recognized regulatory license is a baseline safeguard for client funds and dispute resolution. A revoked license, combined with WikiFX’s warnings of a suspicious regulatory status and high potential risk, significantly lowers my trust. From a practical standpoint, I notice their proprietary trading platform (MIB Trade) feels outdated and less user-friendly, with reliance on older technology like Java and Adobe Reader. The only detailed user review currently available echoes my concerns about unclear fee structures and lack of transparency—two issues that are critically important for risk management and long-term profitability. While responsive customer service is a plus, for me, it does not offset the lower regulatory scores and operational concerns. All considered, I would advise exercising extreme caution. Without robust and current regulation, transparency around costs, and up-to-date technology, I cannot confidently consider MIB a secure or reliable choice for my trading needs. My risk tolerance simply does not accommodate these uncertainties.