Migotrade withdrawal issues https://migotrade.net/

By SUN, from Slovenia, October 17, 2021 at 05:11 AM

Gradually I am with multiple deposits, with the first deposit of 3T, … and then with more than 10T so now my deposit is more than € 100T invested and I want a refund. He would still have a profit from them for further trading. They demand that I make an additional cash investment of € 50T due to the operation “Equation” on “CL” (oil) first opened with BUY lev. 75 and SELL lev. 78 With two positions, GBPJPY and EURGBP, I still have a good profit, which I generate on CL. We can provide an opinion rating for this company

  • Migotrade Withdrawal Issues
Answer: Hi SUN,

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 brokersfrom St Vincent & Grenadines should be avoided.

We never advise trading with an offshore or non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

Most probably it is the case with Migotrade, and there is actually a small chance of getting your investments back. The first thing you should do it to stop investing and depositing more and more money by their request. Try withdrawing small amounts first. Also, you can report about this issue to your local regulatory authority.

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