MI Financial Trading Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +44 (0) 2088 196 901 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.mift.co.uk.
I am in a dispute with MI Financial Trading Limited over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Dividend tracking|Comprehensive tools|Clean UI|Easy withdrawals
Cons: Limited ETF selection
What really bothers me about MI Financial Trading Limited is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after a friend recommended them and I fell for the polished exterior. Never again.
Pros: Intuitive for beginners|Segregated accounts|Good analytical tools
Cons: Wish they had more educational resources
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. MI Financial Trading Limited recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Tax reports included|Transparent fees|Economic calendar|Multi-currency support
Cons: Wish they had more educational resources|Withdrawal takes 1-2 business days
MI Financial Trading Limited advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Risk management tools|Easy withdrawals
Cons: Charting tools need more indicators|Live chat only during business hours
MI Financial Trading Limited 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: Low minimum deposit|Professional team|Competitive fees|Multiple order types
Cons: No dark mode on mobile|None so far
The mobile app from MI Financial Trading Limited is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Regular updates|Full transparency
Cons: Email notifications too frequent|Could offer more webinars
After spending for about three months trying to make MI Financial Trading Limited work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Smooth onboarding|Multiple order types|API access|Comprehensive tools
Cons: Cannot customize dashboard fully
MI Financial Trading Limited has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Multi-currency support|Market news feed|Regular platform improvements
Cons: None so far
The spread at MI Financial Trading Limited is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Personal attention|Professional team
Cons: Inactivity fee applies after 12 months|Minimum deposit could be lower
I have been trying to close my account with MI Financial Trading Limited for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Helpful community forum|Quick verification
Cons: Alert system is basic|No integrated tax optimization