Migesco is it a scam? Reviews and description

Migesco broker from the first day of its work focuses on the development of long-term relationships and works closely with each customer of the company. Migesco offers services to make binary options trading easier and more accessible, which is especially important for novice traders. Most recently, the broker introduced new versions of its trading terminal and website, which has become faster and more convenient for users.

The features of the Migesco trading platform are following:

• The platform offers wide field for trade: available options with expiry times from 5 ticks to six months, a solid selection of assets to trade, 5 types of binary options, including the fastest and most profitable — 5 ticks.
• Multiple trading displays are available: 4 on-screen charts, a large chart with a selection of assets to trade, the ability to select “favorite” and “hot” assets.
• Migesco platform allows performing high-level Technical analysis: more than 100 indicators, 8 types of charts (candles, bars, lines) and more than 50 drawing tools have been implemented.

Useful trading instruments are built-in the platform:

• Trading Plan — the most famous review of Migesco Analytical Department
• Trader’s Calendars — economic, records of companies and holiday calendars
• Trading Ideas
• Binary Options Trading Strategies.

As for the terms of trading, the minimum possible deposit of the broker is 250 RUB, the minimum sum of the transaction — 60 RUB.

It is especially worth mentioning the Levels of service in the company, which differ in a set of services and privileges.

Cash Withdrawal

Migesco allows depositing your trading account and withdrawing cash through the most popular payment methods: Bank cards, Yandex.Money, Qiwi, WebMoney, Bank account.

Depending on the Level of service, Migesco customers receive compensation for payment systems’ Fees for withdrawal from the trading account.

The quickness of withdrawal in Migesco depends on The Level of service; for VIP clients withdrawal is instantaneous, for others it can take up to three working days.

The withdrawal procedure includes mandatory verification, so the first withdrawal can take longer; this is required to prepare and send all necessary documents.

Complaints against Migesco

The general tone of Migesco reviews is positive: traders of the company note the high level of customer support, a good selection of assets for trading, a convenient and fast trading platform, free analytics and available training materials.

The analysis of the reviews about Migesco on the forums can provide some of the main negative themes. The main theme is related to the need of documents’ verification, and unfortunately, not all customers like it. A number of clients note that the company does not open a demo account, explaining this by the fact that the trading platform is freely available and the minimum replenishment is only 6000 RUB. Although, as far as we know, company managers often open a demo account for a few days if you are not really ready to start trading for real money without test trading on demo. If there are negative reviews about the company on the forums, Migesco support service is always ready to clarify the situation in the public, to explain the misunderstanding.

Migesco: Is It a Scam?

Migesco is regulated by the FMRRC, and relations between the company and its customers are strictly regulated by official documents, which are freely available on the broker’s website. These are, first of all, the Client agreement, Trading Rules and Rules for Deposit and Withdrawal. All documents according to which the broker works are carefully worked out and give answers to all questions of interaction.

The broker carefully monitors its reputation and does not allow the occurrence of situations that would fall under the category of doubtful or even «scam».

Broker’s Regulator

Migesco broker reissued its license (No CRF RU 0395 AA Vv0098) after thorough audit by Financial Market Relations Regulation Center (FMRRC) which is one of the most respected regulators of financial companies in the binary options market.

This license guarantees additional protection to the trader, because in the event of a dispute, the trader has the right to appeal to FMRRC with a complaint against the broker, and the broker will face a serious trial.
Check the license at the regulator’s website

Bonus

Migesco broker offers a solid bonus program that may be of interest to both novice and experienced traders. The first bonuses Migesco traders can count on are the «First Deposit Bonus» and «Risk-Free Transactions». The amount of bonus (up to 120%) and the number of risk-free transactions (up to 40) depend on the Level of service. For customers who regularly trade on Migesco platform, there is «Regular Customer Bonus», which is accrued when a certain level of trading turnover is reached.

In addition to the abovementioned bonuses, the broker regularly offers bonuses on shares and special offers, allowing to get a higher level of service at a lower price.

Migesco regularly notifies customers about all bonuses, promotions and special offers via e-mail newsletter and social networks, as well as through personal managers.

Summary

Migesco deserves the attention of both novice and experienced traders in the financial markets. The beginner will benefit from analytical materials and training programs, and an experienced trader will be able to take advantage of a large selection of trading assets, the most popular binary options, and a large selection of expiry times.
FMRRC regulator that issued a corresponding license to Migesco gives additional guarantees of reliability and safety of work with the broker.

Conclusion

In conclusion, Migesco is a dynamically developing company that constantly introduces new services, regularly offers new trading assets, including those that have just entered the IPO, allows taking advantage of an extensive bonus program. It should be especially noticed the availability of training and analytical materials, which are regularly developed by Migesco Analytical Department and the friendly and active support service of the broker.