Recently, more and more companies have been registering in Mwali. In today’s review, we’ll discuss Mirrox, a firm that isn’t particularly well-known in trading circles. Let’s start with a warning — don’t fall for the company’s promises or attractive wording. It might turn out to be nothing more than an ordinary scam.
Brief Overview
- 🖥Official Website: https://www.mirrox.com/en/
- ✈️Contact Address: P.B. 1257 Bonovo Road, Fomboni, Comoros
- 📞Customer Support: [email protected], +447701426264
- 🔐Licensing and Accreditation: MISA
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:400
- 💰Additional Services: referral program, education
Mirrox.com Examination
The company’s official website has both pros and cons. Yes, it contains almost all the key information: details about licenses and the legal entity; a package of legal documents (AML & KYC policy, user agreement, and others), platform descriptions, account types, and additional tools. It also supports multiple languages, including some Asian ones, indicating the regions this organization is targeting.
However, the rest is riddled with flaws and negative aspects. For instance, brand icons like Nike and Tesla, are obviously inserted to create an illusion of scale and success. However, what do these companies have to do with Mirrox? Absolutely nothing. These are just visual tricks designed to exploit people’s trust in well-known brands. And the charts on the platform? Pure fakes. A few green and red candlesticks to make it look like “real trading”. A professional trading platform is far more complex and doesn’t try to be “pretty”, while here it’s just a picture for the gullible.
Most of the website’s text is meaningless fluff. It feels like it was written by an algorithm tasked with inserting as many generic phrases as possible. “Intuitive interface”, “advanced encryption”, and “transparent conditions”.
If you do a bit of research online, you’ll find dozens of similar websites. Change the logo, tweak the background color, add a few phrases, and voilà — a “new broker” is born. These sites lack individuality. They’re built on a “catch and release” principle. Their goal is to quickly attract clients, collect deposits, and vanish. That’s why there’s no depth in either the design or the content.
Overall, the Mirrox website is a textbook example of a broker that has invested more effort into packaging than substance. However, trading isn’t about flashy websites or bright colors. It’s about transparency, facts, and trust. And in this case, those qualities are clearly lacking.
Company Contacts
Users have several ways to communicate with managers:
- Email. Strangely, only one email address is provided, and it’s for technical support. Large companies typically categorize their emails by department: finance, tech support, verification, and others.
- Phone.
- Online chat. Response times are slow, and sometimes questions are left unanswered altogether.
- Social media accounts. Mirrox has few followers, and activity on their posts is minimal and weak. This suggests that the company has very little popularity among traders.
Key Conditions
The trading conditions offered by Mirrox are typical of any other offshore broker: high leverage, a steep minimum deposit, and no real competitive advantages.
First, the company employs a standard scam tactic. The broker offers five trading account types, and the better the plan, the more favorable the conditions. However, to access these benefits, clients need to invest more money. Classic. Want tighter spreads? Hand over more funds.
Second, the leverage of 1:400 carries enormous risks. There’s a reason why reputable financial regulators forbid companies from offering such high leverage. Mirrox is an offshore firm, and it doesn’t care about the restrictions imposed by respected financial commissions.
Third, spreads range from 0.9 to 2.5 pips, with no commission. Yes, the firm charges inactivity and maintenance fees, but they’re minor — $10 monthly. We doubt this even covers the company’s operational costs. This raises the question: “How does the platform make money?” The answer is simple. It profits when clients lose money. After all, it operates as a basic dealing desk.
In short, Mirrox encourages clients to take massive risks through high leverage because it benefits the company. They are financially incentivized for traders to lose money. Is there any point in trading under such conditions?
Exposing Mirrox
Now, let’s address the firm’s legitimacy. The broker provides details about its legal entity: Capital Crest Ltd, registered in Mwali, and licensed by MISA. We checked the official registry and confirmed this was true. Such a firm was indeed registered with MISA in 2024.
However, do not think that Mirrox is a safe broker where you can confidently invest your money. That is far from the truth, and here’s why.
What is MISA? It is a so-called “regulator” operating in the Comoros Islands. However, here’s the catch: this regulator is so “weak” that you won’t find any substantial information about it in professional circles. It doesn’t check brokers for reliability, enforce standards, or do much beyond issuing licenses for money. Essentially, anyone can obtain such a “license” without even having a legitimate company. It’s like buying a fake diploma — it sounds impressive, but it’s meaningless.
Why the Comoros Islands? It’s simple. This is a tiny offshore zone with minimal government oversight. Local authorities turn a blind eye to any schemes as long as they collect their registration fees. As a result, such places have become havens for scammers looking to evade real regulators, like those in the United States, the United Kingdom, or the European Union. Dealing with legitimate regulators is a complex process — you must follow laws, maintain reserves, and submit reports. However, here, you just pay the fee, and voilà, you’re a “broker”.
If a broker is registered in such a jurisdiction, it means that in case of any problems, you’re on your own. Nobody will return your money. Even if the company goes bankrupt or simply “disappears”, there’s no compensation fund or legal protection. Calling MISA is pointless. They’ll only confirm that the license was issued, but they can’t do anything to help. And seeking justice in the Comoros is like trying to catch smoke with your hands.
So, the question is: why would Mirrox choose such a dubious regulator if it were truly honest? The answer is obvious. Honest firms work with transparent regulators that actively monitor and control their operations. Here, it’s clearly an attempt to hide behind an offshore shield to avoid accountability.
What Reviews Do Users Leave?
To attract new victims to their scams, fraudsters post fake positive reviews — and this is hardly surprising. Only illegal and dishonest companies like Mirrox resort to such tactics. All the comments look alike, including their length. You don’t need extensive trading experience to see through this.
Conclusions
In trading, transparency, reliable regulation, and real funds protection are crucial. With Mirrox, all you get are empty promises, hiding an agenda to drain as much money as possible from you. If you want to safeguard your money and peace of mind, it’s better to steer clear of such “brokers”.
Pros/Cons
- The site supports several languages.
- The firm is officially registered with MISA.
- Huge risks.
- Offshore registration.
- Fake positive reviews.
- Conflict of interest as the firm benefits from client losses.
- A short period of operation.
You won’t find a worse broker. I traded here for two months, and it was a miserable and terrible experience. The huge spreads were a constant obstacle, along with platform lags and freezes. Stable, problem-free trading is impossible. It feels like the company deliberately hinders its clients. I even tried filing complaints with MISA, but they went unanswered. The regulator doesn’t care about traders’ issues. In the end, I lost my money and gained nothing but a negative experience. I wouldn’t recommend this scammy trash to anyone.
MIRROX is a textbook example of a fraudulent operation. Scammers register their fake brokerage platforms with MISA because it’s easy and cheap. People mistakenly believe these are legitimate companies, but that’s far from the truth. Traders and investors, if you see MWALI and MISA – consider it a red flag. This is a scam!