Scam Brokers

Mira Investment Ltd – Are They Safe?

Chainbits Staff | Publish date: 02/17/2024 (Last updated: March 01, 2024 04:22 AM)

Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

Mira Investment Ltd - DO NOT TRADE WITH THIS PROVIDER

2.4/10

$100

Minimum Deposit

updated 2024

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The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.

Try these regulated brokers if you want to start trading cryptocurrencies

Plus500 Review - Regulated broker

Plus500CY Ltdauthorized & regulated by CySEC

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82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

Website URL: https://mirainvestments.ltd

Founded: 2024

Regulations: None

Languages: English, German, Romanian, French, Arabic, Czech, Spanish, Turkish, Russian, Azerbaijani, Portuguese

Deposit Methods: Bitcoin, USDT (Tether), Ethereum

Minimum Deposit: $250

Free Demo Account: Unavailable

Number of Assets: 450+

Types of Assets: Forex Pairs, Stocks and Shares, Indices, Commodities

Trading Accounts and Conditions

Mira Investments Ltd claims to offer their clients the following types of trading accounts:

Silver: $250 is the minimum investment amount. You are offered 100+ assets to trade with.
Gold: $5,000 is the minimum investment amount. You are offered 200+ assets to trade with.
Premium: $20,000 is the minimum investment amount. You are offered 300+ assets to trade with.
VIP: $50,000 is the minimum investment amount. You are offered 450+ assets to trade with.

The maximum leverage this broker offers is 1:200. The only thing that we are told about their spreads is that they are tight. There are no fees for deposits.

Mira Investments Ltd – Advantages

There are no advantages to trading with Mira Investments Ltd.

Mira Investments Ltd – Disadvantages

Listed below are all the disadvantages that tell us that Mira Investments Ltd is not a safe broker to do business with:

Anonymous and Unregulated Broker

Once again, we see a broker that offers up no information about themselves. All brokers that operate legally are required to present corporate information about themselves on their websites. This information must include details such as their parent company’s name and address/location, contact numbers, email addresses, and regulation/license information.

If you see that a broker has all or some of this information missing, it is a sure sign that you are dealing with a scammer. Mira Investments Ltd is a perfect example of this kind of a scammer; this broker is operating completely anonymously, and this is proof that they are out to scam traders.

It is advisable to never deal with a broker that hides their identity.

Plus500

$100

Minimum Deposit

Start Trading

Read Review

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

AvaTrade

$100

Minimum Deposit

Start Trading

Read Review

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

Blacklisted by CNMV

Mira Investments Ltd has been banned/blacklisted by the CNMV.

The Comisión Nacional del Mercado de Valores, or, CNMV in short, is Spain’s financial authority. As part of the European Union, they are required to follow the same stringent regulations as all other EU member nations. So, when they blacklist a broker, it is best for all traders to not do business with that broker.

We need to add that the CNMV clearly states that Mira Investments Ltd is operating in their country without their permission, and this means that they are scammers.

Issues with Trading Platform

Mira Investments Ltd claims to offer their clients a modern platform that is suitable for all levels of traders. This, unfortunately, is a lie. This broker has no such platform.

We checked Mira Investments Ltd’s trading platform. It is an almost non-functional software that does not do more than allow a trader to buy or sell a few assets. This software imports charts from TradingView to make it look more professional, but that doesn’t change the fact that this broker’s platform is actually a waste of time.

We cannot emphasize the importance of a good trading platform. And this is something that all legitimate brokers are aware of; their platform is their one product offering. Therefore, a real broker will ensure that this software is the best in the market.

So, when a broker offers their clients a less-than-decent trading software, you know that that broker cannot be trusted.

Issues with Trading Conditions

The second aspect of a broker’s offering is their trading conditions. These go hand-in-hand with their trading platform. These trading conditions need to be fair and advantageous to traders; the cost of a trade should be affordable, and the risk not too high. And these are just a few of the conditions that we mention here. There is a whole list that brokers are required to publish so that their prospective customers know exactly what they are getting.

With Mira Investments Ltd, it looks like they have given a lot of details about their trading conditions, segregated according to the account types they offer. However, when you get a closer look at them, you realize that half of the trading conditions are not specified, and the others are skewed.

We do not know the cost of a trade because the spreads and the commissions are missing. The minimum deposits for each of the account types are too high and so is the risk.

When a broker’s service offering is skewed in this manned, it is a clear indication that you are dealing with a scammer.

Single Payment Option

Another indicator that you are dealing with a scammer is when the broker offers just a single payment method.

Legitimate brokers offer their clients a wide range of payment options so that you can choose the one that you are most comfortable with.

If there is only a single payment option, it is suspicious. But when that payment option is cryptocurrencies, then you can take it for granted that you are dealing with a scammer. A crypto transaction is completely anonymous and it is also irreversible. So, if an anonymous broker such as Mira Investment Ltd offers an anonymous payment method, it is proof enough of their scam.

No Withdrawal Policy

Mira Investments Ltd also does not offer any information on their withdrawal policy. We have no idea if this broker charges withdrawal fees, has any withdrawal conditions or even what the minimum or maximum withdrawal limits are.

This lack of information on such a key issue is just another indicator that dealing with this broker would be trouble; you may be able to deposit your funds easily via cryptos, but there is no way that they will allow you to withdraw your funds!

Conclusion

Mira Investments Ltd is a scammer and they are not safe to do business with. This is a broker that must be avoided and reported to the authorities.