Meibit has been flagged by Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". • Platform operating an Illegal investment scheme
• Operating a digital asset exchange (DAX) without registration This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Meibit said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Easy to use platform|Tax reports included
Cons: Limited cryptocurrency options|No phone support on weekends
Meibit changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Fast support response|High security standards|Responsive team|Full transparency
Cons: Cannot customize dashboard fully
The so-called education at Meibit is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about ten months thinking they would help me learn.
Pros: Transparent fees|Real-time alerts|Full transparency|Good mobile app
Cons: Slow to add new assets|No dark mode on mobile
If you are reading this considering Meibit - run. I wish I had read more negative reviews after hearing about them at a conference. I thought the positive ones were real. Maybe some are. My experience over for a few weeks now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Multi-currency support|Demo account available|Customizable dashboard
Cons: Limited demo account features|Research section could be deeper
I looked into Meibit and found they appear in the regulatory warnings database. Securities Commission has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction