FOREX MMCIS

MMCIS Inc.

FOREX MMCIS - Forex Broker

Broker nameFOREX MMCIS
Company nameMMCIS Inc.
Online since2008-01-01
Site urlhttp://forex-mmcis.com
CountryPanama
Minimum account size100.00
Minimum account size currencyUSD
Minimum position size0.010000
Maximum leverage500
Maximum leverage description1:50, 1:100, 1:200, 1:300, 1:400 and 1:500
Spread levellow
Spread description1 pip on EUR/USD
Is regulatedYES
Regulation descriptionRegistered in Panama.
Easy registrationYES
Votes count37
Rating4.60
Email

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Advantages

  • MetaTrader Forex broker.
  • Low spreads.
  • Generous interest rates on account balance.

Disadvantages

  • No important disadvantages.

Payments

  • Credit cards
  • WebMoney
  • Western Union
  • Wire transfer

Categories

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4 Reviews

  1. WILYAM:

    They are scammers. And their rules are tricky so that you could not benefit anything. For instance I won in a contest but I can use these money neither in trading nor for withdrawal.

  2. Jabert:

    What a bad broker! My advice is – read carefully their contract, terms and conditions before starting trading with them. the bonus they give for opening an account cannot be used until you deposit money onto your account. The same is with the price you win in contests – you can’t use the amount until you make your first deposit. And I was frustrated to learn that even after depositing I can’t use this money in trading. Once they made me lose, closing my order right in the moment when it started increasing. With this broker you never know where you are. I think they’re very skillful scammers.

  3. Finance Guide:

    Prior to depositing to your account with this broker read the trading conditions which are REALLY, REALLY BAD.
    “3. AUTHORITIES
    3.1. MMCIS Company reserves to itself the right to unilaterally cancel the Agreement or Contract on the whole, if the Company Security Service establishes one of the following cases: application of trading methods that threaten Company existence, both directly and indirectly, fraud, violation of the Agreement or Contract on the whole, including threat to any technical or economic aspects of its activity, including increased load on Company servers. However, the Company undertakes to reimburse the User his/her initial deposit with no commissions withheld.”
    Claiming there was a threat to their company they can remove the profit you’ve made from your account and block it and cancel your withdrawal and deprive you of both the principal and earned amounts.

  4. hariyono:

    With his broker you’ll lose your money: as soon as you make profit and try to withdraw some, they’ll remove it and wouldn’t even let you have the principal amount you’ve deposited!
    This is the way it works:
    Hari Yono
    Dear
    You has been received it since 14th October 2010
    but I got no answer to it
    Please
    On Thu, 10/14/10, Security
    From: Security Subject: Re: Appeal against the decision (Account 335541)
    To: hariyono50
    Date: Thursday, October 14, 2010, 7:57 AM
    Hi, mr. Hari Yono.
    Your request has been submitted and is being considered.
    According to the Contract, the request will be considered within 10 business days.
    Best Regards,
    Security FOREX MMCIS Group.
    On Wed, 10/13/10, Hari Yono
    From: Hari Yono Subject: Appeal against the decision (Account 335541)
    To: security
    Date: Wednesday, October 13, 2010, 3:00 PM

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