is migotrade trustworthy?

By Robert Chambers, from United Kingdom, September 21, 2020 at 08:36 PM

Hi there, just in my first search about this company, the review came up I would like you professional option if this site is note trust worthy. Cheers Rob.

Answer: Hi Robert Chambers,

Migotrade is registered by the Financial Services Authority of St Vincent and the Grenadines. St Vincent & Grenadines doesn’t have the regulation of Forex activity under its jurisdiction. You can read our detailed article on why brokers from St Vincent & Grenadines should be avoided. The broker only provides the contact phone number with Swiss country code, however, there is no information about broker’s actual location. We couldn’t find any information about broker’s regulation, especially in the Swiss regulator’s register.

We would not recommend to invest with this brokers and choose from those regulated by reputable authorities.

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