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• Our Review Method

• Is Mib700 Scam or Legit Broker?

• What is Mib700?

• Pros

• Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Mib700 due to the issues we've identified.

Is Mib700 Scam or Legit Broker? ▲

Mib700 emerges as a broker without regulatory oversight, making it a hazardous choice for traders. Our exhaustive checks reveal an absence of authorization or registration for the company's address, casting significant doubt on its operations. The firm appears to operate from a completely different location than claimed, marking it as highly suspicious. Given these findings, Mib700 is deemed NOT SAFE for trading activities. The absence of regulation signals a lack of adherence to industry standards and protective measures for traders, underscoring the risks involved in engaging with this broker.

What is Mib700? ▲

Mib700 positions itself as an online trading and financial service provider, touting its professionalism, exceptional support team, and an assortment of trading instruments on leading-edge technologies, including market-dominant platforms. The broker proclaims its dedication to delivering financial services aimed at fostering long-term success, bolstered by advanced client protection and safety protocols. However, these claims are belied by the reality of the broker's operations. Mib700, a brand under the umbrella of Blonde Bear OU based in Estonia, has been exposed for fraudulent and scam operations that have affected traders globally, with its history peppered with warnings from various jurisdictions and authorities. The company's lack of a legitimate license, despite being located in EU countries where such authorization is mandatory, raises serious concerns. The firm's continued pursuit of new clients, who often end up unable to withdraw funds or secure their profits, further cements its reputation as an unreliable trading partner.

Pros ▲

• The broker claims to offer a range of trading instruments and platforms.

Cons ▲

• Nonregulated Broker with no license.

• Part of a group with a history of fraud and scam operations.

• Absence of authorization in EU countries where it claims to operate.

• Numerous negative reviews and warnings from regulatory bodies.

• Reports of clients unable to withdraw funds or secure profits.

• Inactive website, indicating cessation of operations.

• Misleading claims of professionalism and client protection.

Conclusion ▲

Conclusively, it is unequivocally unsafe to engage in trading activities with Mib700 and its associated brands. This broker's lack of regulatory oversight and its affiliation with groups known for fraudulent operations highlight the significant risks involved. Our extensive evaluation, part of a broader assessment of over 1000 brokers, underscores the importance of dealing with licensed companies that adhere to regulatory standards. Traders are strongly advised to exercise caution and conduct thorough due diligence on a broker's history, reputation, and regulatory status before making any investment. Engaging with well-regulated brokers, such as those authorized by the FCA in the UK or ASIC in Australia, is recommended to ensure a safer and more reliable trading experience. Given the findings of our review, we advocate for avoiding Mib700 and remaining vigilant against any offers that may arise from this broker or its affiliates.