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Why mit ic scam?

Started by Admin, May 07, 2023, 07:33 AM

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Topic keywords [SEO] scammiticmit-ic

Admin

This material contains the following information:
  • What is known about mit ic;
  • Irrefutable evidence that mit ic is a scam;
  • Secondary indications that mit ic is a scam;

Now let's move on to a comparison of what mit ic offers and an adequate average brokerage firm. How does a normal brokerage platform have to work? A good brokerage platform is the main tool for investors to access the global markets and make informed investment decisions. A quality platform must have both a cent and a demo account in addition to a basic account.

Comparing mit ic with an adequate company

This part of the article contains this information:
  • What a normal brokerage company's platform should look like;
  • What about the platform mit ic;
  • Comparison of a good trading platform with what mit ic has;
.
[/list].

Personal experience with the broker

The information that was given before is already enough for us to draw the right conclusion about the essence of mit ic. We took the decision and still have to see for ourselves.
We registered, were called back by mit ic's employee and immediately started to offer to make a deposit of a large amount. We funded the account for the minimum amount of 25$ and tried to use the signals of this broker. What happened next? We lost most of the money in a couple of transactions and tried to withdraw the money, but it was not transferred to us. A mit ic employee called again and tried to persuade me to withdraw the money and vice versa to put the money back into the account and open trades and according to him if I had done so I would have been compensated. It is unclear why they did not immediately refuse to refund the money without me giving the manager my money again. It is clear that if I had done so, the managers would still not have withdrawn the money, not a penny.

It's also bad enough that it had a tangible impact on me on an emotional level. Not only did I lose a tangible amount due to the worthlessness of mit ic, but the whole ordeal left me feeling betrayed and deeply distrustful of the field of trading. I cannot get rid of the bad memories of the countless hours used to sort out the difficulties and compensate for the financial losses triggered by the stupidity of this firm.

The most important fact that confirms that mit ic scam

Of course we are talking about the lack of regulation. The regulator performs a number of functions, especially checking brokerage offices, checking specialists, checking financial statements, checking investors and checking the solvency of the broker. But the most important function of the regulator is to prevent money manipulation. Money manipulation can be of many kinds, an example being the withdrawal of a trader's money without his knowledge, or the misuse of a client's money in transactions he has not consented to. In the months before the 2008-2009 crisis, the biggest banking institutions in the US did this on a massive scale. The client can, for example, recover the money through regulators. The regulator has its own criteria by which they verify the qualifications of employees of financial institutions, including trading firms. This, in turn, guarantees that their clients are dealt with by professionals. They do not have any regulation at all, not even the regulation of some non-existent office.

As we can see, the investor has not only lost money and nerve cells, but also did not receive any positive investment experience, only disappointment in Forex. If you look at other opinions, the content is basically the same. The most frequent reasoning is that mit ic does not withdraw the investment. Investors also write about the global ineptitude of the mit ic representatives. Looking at the reviews on mit ic we have repeatedly read the data about the fact that the managers of the broker when talking to customers are using obvious tricks and are allowed to be insulting. Opinions on a white investment organization should say otherwise, well at least it shouldn't be that terrible. In general, the reviews on mit ic also clearly demonstrate that mit ic is a common scam.

Entrusting your investment to mit ic is a decision you will surely worry about, as I do now. I have faced the bitter reality that this is the worst thing that could have happened to me as a trader, and I think personal experience knows a stop to traders who are considering the decision to give personal funds to this disgusting investment firm."

A quality brokerage platform is a must for both mobile and desktop versions. In today's fast-paced world, clients need to be able to access their brokerage platform on the go. This would allow, optionally, to watch the lightning fast changing environment and instantly sell or buy an asset if there is a compelling reason to do so. A normal platform is bound to have an adaptive mobile app as well as a fully functional desktop version to cater for different user preferences and requirements.

Initially, it was clear that the skill and competence level at mit ic was clearly near zero. Their platform was constantly problematic, with regular technical glitches and a user interface that can only be labelled as cluttered and confusing. This alone made the execution of operations nervous, but the difficulties did not end there.

Another very important feature of a good brokerage platform is reliable security features. Ensuring the security of individual information and user funds is of key importance. A good brokerage platform must have good security measures in place, such as two-factor authentication, encryption and secure socket layer technology (SSL). All of these and other things should strongly protect customers from scams, account theft, or the hacking of the brokerage site itself with a large data leak. None of these things are present on mit ic.

A good brokerage site should have a nice interface. A well-designed, subliminally understandable user interface is necessary for a trading floor. It makes it easy for users to navigate the platform, manage their portfolios, and execute trades with ease. There is none of this on the mit ic platform. We have seen a lot of different platforms and it's pretty much self-explanatory, but on this one alone it's difficult to navigate, even with a lot of experience.
A good trading platform should have a wide range of investment options. A good trading floor must provide a broad range of investment solutions, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This allows clients to protect their personal accounts from risk and gain access to different classes of instruments. There are quite a few assets on the mit ic platform, however the problem is that mit ic is a scam and trading these assets is not real, it is all artificial, like a game. You buy gold on the mit ic system you do not really buy anything because mit ic is not regulated and therefore not allowed to interact with the global exchanges, so you do not really buy anything through a brokerage company on the exchange. In general, mit ic not only has poor usability, but the platform is also quite unpleasant from an aesthetic point of view.

What other signs and evidence is there that mit ic is a scam?

As stated above, mit ic and its managers are no strangers to aggressive selling, insults, blatant stupidity, marketing tricks like promises of very high salaries and falsified reviews. The website does not have any legal information, not even an agreement of public offer, but there should be some documents confirming the fact that the brokerage firm has authorization for brokerage activities, registration papers and, perhaps, some awards. In the search the situation is the same as with the reviews, they are all the same. The fact that mit ic does not give back funds is a common sign of a scam. The manager of mit ic also like to give signals that do not work, on which it is not only unrealistic to make money, but on the contrary, all the money evaporates. The criminals often dump such signals in order to earn more commission and fees, but it's more likely to involve representatives of white brokerage companies that engage in such fraudulent activities. But the very frequent technical problems of the mit ic platform is also a standard sign of fraud.

What else must be present on the platform of an adequate broker? Research tools! A brokerage platform should provide investors with access to analytical tools and resources. These can be financial news, analyst reviews, corporate financials, technical analysis tools and more. These tools allow clients to make reasoned investment decisions rather than doing anything at all. And how can one make sound investment decisions when all that is present on the mit ic platform is a calendar? Real brokers care about their clients' ability to make good decisions, because it directly influences the long term prospects of partnering with each other.

What is known about mit ic

In brief, essentially nothing. The firm was registered last year. Where exactly it is located is unknown. There is no credible information for just over half a year of existence of the office. There is only negative information about the firm, but first things first. Our team decided to try and find information on the net about the office of the firm, but they didn't find anything. The company wants to be as open and transparent as possible, to let their investors know who they want to entrust with their money, but as we see, those who owns mit ic do not think so.

Consequences of doing business with mit ic

What happens if you or anyone else spits on all the facts stated here and decides to try to collaborate with mit ic? Let's look into it. Let's take a review on mit ic from the Reddit website:
"I'm leaving this review in order to share my personal traumatic experience with mit ic and to protect future victims before they even consider entrusting their hard-earned cash to this office. In my many years of trading experience I have never come across a more negative brokerage firm, and it has given me a nasty taste in my mouth and a huge decrease in confidence in the industry in general.

Reviews on mit ic

What are the opinions on mit ic talking about? Mostly about fraud and general incompetence of mit ic staff. The ratio of positive to negative reviews is naturally in favour of the critical ones. The positive opinions on mit ic are similarly not all that simple. The problem is that all of them are too complimentary and are published recently and almost at the same time. All this indicates that these good reviews are fake. Here is one of these reviews:
"mit ic is a great organisation! The company has a brokerage permit}. I earn 50-100% a month on my account and I spend 15 minutes a day on it all. I advise anyone to use mit ic!"
A really cool organisation indeed! The only one that is able to make the average person a multimillionaire in a few years, as a trader will earn one hundred and fifty to two hundred percent every four weeks. We're sure it's pretty obvious that this is a fake review.
We took another review on mit ic written on Reddit:
"This is the coolest broker in the world. I don't understand why mit ic is not already number one in the EU and America! The service is very favourable and the managers at mit ic are very smart. I've been working with them for almost two and a half years and I'm doing great."

And we also cannot understand why this broker is not number one... among the scammers until now.
Note that those people who corrected the reviews are not even aware of the fact that mit ic has been around for roughly six months, but certainly not for several years, which this personage is typically involved with mit ic. No evidence is given that the mit ic analysts are "pretty smart".

When it came to the basic aspect of investor support, I was really pissed off. Their managers were either unresponsive or unable to address my concerns with any semblance of competence. I felt like I was dealing with a robot and my requests for help were ignored. When I promptly needed help in a situation where quotes were moving critically, I found myself in a difficult position, which eventually resulted in me losing a large sum of money.

Conclusions

You have seen everything with your own eyes. mit ic is different even among scammers. The company is so awful that there is no place to put a stigma on it. Reviews on mit ic that don't appear to be fake are rife with criticism. The users often say that the investment is not returned, managers do not observe the norms of decorum, the site is uncomfortable, systematically lags, from cooperation with the company are only negative memories. If you do not want to face the same thing as other traders, in any case do not even leave personal data on the site mit ic, or if you have already left it, you should immediately block the phone numbers of the employees and do not respond to them. If you start discussing something with the managers, there is the risk that scammers with their talent and experience of trickery can wrap you around their fingers and steal your hard-earned money. Because scammers don't just offer investments, they try to gain the trust, to befriend their victims, to entice them by promising very high profits.