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Mic Market

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Operating status: SCAM

Website: https://micmarkfx.com/

Broker violations and abnormal records
  • 2024-12-02 The NZ FMA issues a warning against MIC markets and its associated websites

    On November 3, 2024, the New Zealand Financial Markets Authority (FMA) issued a warning against MIC markets and its associated websites, noting that they were not registered and licensed to offer trading services in financial products in New Zealand. https://www.fma.govt.nz/library/warnings-and-alerts/mic-market/

    On November 3, 2024, the New Zealand Financial Markets Authority (FMA) issued a warning against MIC markets and its associated websites, noting that they were not registered and licensed to offer trading services in financial products in New Zealand. https://www.fma.govt.nz/library/warnings-and-alerts/mic-market/
  • 2024-12-04 BrokersView has reviewed that MIC Market is an unregulated broker

    According to its website, it claims to be regulated by National Futures Assocaition (NFA), Cyprus Securities and Exchange Commission (CySEC) and Financial Services Conduct Authority (FSCA). Upon investigation, no matching information was found in the NFA. Moreover,  we found that the information of the brokers on file with CySEC and FSCA is completely different from that of MIC Market. It is obvious that MIC Market has stolen the information of compliant brokers. This is a very unreliable behavior. Investors are advised to be careful to identify and stay away from it.

    In addition, the New Zealand Financial Markets Authority (FMA) issued a warning against MIC markets and its associated websites, noting that they were not registered and licensed to offer trading services in financial products in New Zealand.

    In essence, MIC markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    MIC markets appears to be a scam. 

    According to its website, it claims to be regulated by National Futures Assocaition (NFA), Cyprus Securities and Exchange Commission (CySEC) and Financial Services Conduct Authority (FSCA). Upon investigation, no matching information was found in the NFA. Moreover, we found that the information of the brokers on file with CySEC and FSCA is completely different from that of MIC Market. It is obvious that MIC Market has stolen the information of compliant brokers. This is a very unreliable behavior. Investors are advised to be careful to identify and stay away from it. In addition, the New Zealand Financial Markets Authority (FMA) issued a warning against MIC markets and its associated websites, noting that they were not registered and licensed to offer trading services in financial products in New Zealand. In essence, MIC markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. MIC markets appears to be a scam.

Related Complaints

Q&A

Where to report the scam Mic Market?

Donna Mae
Australia
2025-02-24
ANSWER Dear Investor, It's crucial to act quickly and provide as much information as possible to help authorities take appropriate action. Given your location, you may try reporting Mic Market to your local authorities, such as your state or territory police, or the Australian Securities and Investments Commission (ASIC). Additionally, we encourage you to file a complaint on our platform. Our dedicated team will thoroughly review your case and work diligently to explore potential solutions or provide helpful suggestions. Please be aware of recovery room scams, where unsolicited messages or cold calls claim they can recover your money for a fee. These fraudsters aim to exploit victims of investment scams by preying on their urgency.
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Mic Market is a scam?!!

scouterdomin
Austria
2025-02-07
ANSWER Dear Investor, Mic Market is indeed a scam, and the New Zealand Financial Markets Authority (NZ FMA) has issued a warning detailing the dubious website. Currently, Mic Market has shut down its website, worsening the situation. We urge you to report it to your local authorities immediately. We also recommend filing a complaint on our platform. Our dedicated team will work diligently to explore any potential solutions or offer helpful suggestions. We strongly suggest you stay calm and avoid making impulsive decisions to get refunds, as you may fall prey to recovery room scams. These scams involve unsolicited messages or cold calls claiming to recover your money for a fee. This is another type of fraud scheme designed to drain your pocket.
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1 comments

Ana
It’s scam!!!! I had $29,143 and my money disappear today 02/19/25, please help meeee
2025-02-20
Reply
Brokersview Official
Dear, about your problems encountered in this broker, you can submit a complaint with your proofs, Please click the link to submit：https://www.brokersview.com/complaint service@brokersview.com
2025-02-21
Reply
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