Forex MIAX Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.4

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.6

Business 0.9

Risk Control 1.2

Software 1.9

Regulatory 1.4

Terminal Snapshot

MIAX Trading Conditions

Registered Region France

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number N/A

Website miaxforex.vip

Balanced Review

Pros & Cons

Pros

User-friendly trading platforms: MT4/MT5 and mobile app available
Diverse range of trading instruments including Forex and cryptocurrencies
24/7 customer support via multiple channels
Demo account for risk-free practice and strategy testing
Flexible account types catering to different trader needs

Cons

Not regulated by any recognized financial authority
Limited educational resources available for traders
Potential risks associated with unregulated trading
Ambiguous regulatory status may deter potential clients
Complex features that may not be beginner-friendly

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	MIAX	Finveo	ProRealTime Trading	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	France	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does MIAX Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners	Access to a wide range of digital assets, straightforward trading experience.	Suitable for those new to trading.
Premium Account	Experienced traders and high-volume investors	Lower trading fees, priority customer support, advanced trading tools.	Ideal for those seeking enhanced features.
Demo Account	New traders	Risk-free trading with virtual currency.	Allows practice and strategy testing before real investments.

Account Opening Process

To open an account with MIAX, follow these steps: First, visit the official MIAX website. Next, choose the appropriate client for your device and register your account by providing personal information such as your email address and setting a secure password. After registration, you’ll need to verify your identity, which may include submitting identification documents and proof of address. Once your account is verified, you have the flexibility to upgrade to a professional account later if you meet the necessary requirements.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0 (Standard Account: 0.02% / Premium Account: 0.01%)	Tight spreads for major pairs.
CFDs (Stocks, Indices, Commodities)	Variable	$X	Commission rates vary by instrument.
Cryptocurrencies	1.0%	0.1%	Variable depending on volatility.

Other Fees

Other potential fees to consider include deposit and withdrawal fees, which may apply depending on the method used. MIAX does not charge any deposit fees, but there might be fees associated with certain withdrawal methods, such as bank transfers. Additionally, users should be aware of inactivity fees and charges related to overnight interest (swap rates) when holding positions overnight. Currency conversion fees may also apply when dealing with multi-currency transactions.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

MIAX User Reviews

2.5

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Alice Johnson

Paris

★ ★ ★ ★ ★

I had a terrible experience with MIAX. My withdrawal request has been pending for over a week, and customer support is unresponsive. I’m really worried about my funds and regret choosing this broker.

Mark Thompson

Lyon

★ ★ ★ ★ ★

MIAX has a user-friendly platform and I appreciate the demo account feature to practice trading. However, the lack of educational resources is a downside for new traders. Overall, it’s decent but could improve.

Sophie Dubois

Marseille

★ ★ ★ ★ ★

I was drawn to MIAX because of their wide range of cryptocurrencies, but I’ve faced issues with their customer service. It seems like they are understaffed, and I had to wait too long for responses to my inquiries.

Lucas Moreau

Nice

★ ★ ★ ★ ★

I’ve been trading with MIAX for a few months now, and I really like their MT4 platform. Trades execute quickly, and the mobile app is great for on-the-go trading. Just wish they had more educational resources for beginners.

France Market