Verified: Mic Market operates https://micmarkfx.com/ through the website.
The company's website is currently inactive, inaccessible, appears to be out of business, and detailed information about the company is not immediately available, so traders are advised to exercise extreme caution in case their funds are compromised due to scams.
On November 3, 2024, the New Zealand Financial Markets Authority (FMA) issued a warning against Mic Market and its associated websites, stating that they are not registered and licensed in New Zealand to provide trading services in financial products.
Reviewed Mic Market is an unregulated broker
According to its website, it claims to be regulated by the National Futures Association (NFA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Conduct Authority (FSCA). After investigation, no matching information was found in the NFA.
Secondly, we found that the broker information on file with CySEC and FSCA is completely different from the information on MIC Market. It is clear that MIC Market has stolen information from compliant brokers. This is a very unreliable behavior. Investors are advised to carefully identify and stay away from it.
Additionally, the New Zealand Financial Markets Authority (FMA) has issued a warning against Mic Market and its associated website, stating that they are not registered and licensed in New Zealand to provide trading services in financial products.
In essence, Mic Market is not regulated by any governing body. Entrusting its funds to investors is high-risk, as there are no legal safeguards in place to protect the funds.
Mic Market seems to be a scam.
And most non-compliant brokers do not disclose providing their direct and authentic contact information, such as phone numbers or company addresses.
Note: Mic Market operates as an unregulated broker, which means that clients' investments may not be adequately protected. The absence of regulatory authority to hold companies accountable increases the risk of potential financial losses.
If you invest with an unregulated broker, there's a good chance they'll run away with your hard-earned money without any recourse. Therefore, investors must be extremely cautious and remind everyone to stay away from these unregulated as much as possible when choosing a broker.
