Is Mib700 a scam or a legit broker?

Mib700 broker is Non-Regulated Broker. It is NOT SAFE to trade with this company. We have checked the company and there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

About Mib700
🗺️ Registered inEstonia
🗺️ Type of LicenseNo License
🛡️ Is Mib700 safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

Mib700 is an Online trading and financial service provider that claims its professionalism, remarkable support team and a range of instruments to trade on the newest technologies that include market-leading platforms. The broker states its expertise in providing financial services with a goal to keep long-term success with advanced client protection and safety measures.

Mib700 Review

However, all abovestated is just sweet words that, unfortunately, have nothing to do with how exactly the things are going with the broker. In fact, the Mib700 brand is just another name of the numerous branches and trade names used by the firm Blonde Bear OU, located in Estonia and that proved its fraud and scam operations to many worldwide traders and the history of its warnings. All companies that the group uses were blacklisted by various jurisdictions or authorities,  scam reviews appear all over the internet, but the company still delivers its tricky business under various names.

The company, obviously do not hold any license, while being located in EU countries should obtain an authorization for its service delivery. Meanwhile, the firm didn’t receive any and just continuously searching new clients, that are facing afterward a failure to withdraw any funds or get their profits.

Conclusion

Actually, this is a typical scam practice, while the broker does not hold any authorization and acts in their own behalf to its own good and purpose, while numerous traders remain with looses. In conclusion, it is definitely not safe to trade with Mib700 and with all its affiliated group of brands. Exactly for that reason, we always advise to stay far away from unlicensed companies and to check carefully the company history, reputation and applicable authorization before any investment is done.


Mib700 website is no longer active.

No news available.

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