Microbase is a forex broker that has been the subject of many complaints from traders who claim to have been scammed. The broker is unlicensed and unregulated, and there is no evidence that it is actually a legitimate trading platform.
Overview of microbase
Microbase claims to be a leading forex broker with over 10 years of experience in the industry. However, there is no information about the company on its website, and it is not listed on any of the major regulatory websites.
What Trading Platform Do They Use?
Microbase claims to use the MetaTrader 4 trading platform. However, there is no evidence that this is the case. The broker’s website does not have a demo account or any other way for traders to test the platform before they deposit money.
Minimum Deposit and Withdrawal policy.
The minimum deposit requirement for microbase is $250. However, there are no withdrawal fees. This seems too good to be true, and it is likely that the broker will make it difficult or impossible for traders to withdraw their money.
License and Regulation
Microbase is not licensed or regulated by any financial authority. This means that there is no protection for traders if the broker goes bankrupt or disappears.
Why Should You Avoid Unlicensed Brokers Like microbase?
There are many reasons why you should avoid unlicensed brokers like microbase. These brokers are often scams, and there is a high risk of losing your money. Additionally, unlicensed brokers are not subject to the same regulations as licensed brokers, which means that they may engage in unethical or illegal practices.
Scammed By microbase? Talk To Our experts
If you have been scammed by microbase, submit your case to us. We will evaluate your case and will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
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