Today, the guest of our column will be the broker Milro-Inc, which promises expert advice, access to the world of finance on the author's platform, maximum liquidity with minimal additional costs. All this is great, but the company's website is very similar in content to the heroes of our previous review. Availce. Let's try to figure out whether it is worth trusting today's office, or they are the same "successful professionals" as the previous scammers.
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Milro Inc. General information
Broker's main website:
milroinc.com
Trustorg rating:
Site analysis
As we skimmed through the Milro-Inc home page, we felt a persistent sense of dislike. This is because the broker did not bother to create at least something original. Standard structure, crooked layout, non-unique text content. The site evaluation service supported our opinion.
The main page of the brokerage resource has the following structure:
- menu (market overview, trading conditions, about the company, contacts, language selection) + registration/login buttons;
- a header with the main benefits, stock images and a target action button “start trading”;
- arguments why you should choose Milro-Inc;
- instructions for registration and getting started in 3 stages;
- slider with additional benefits;
- current news of the world economy;
- overview of types of deposit packages.
It seems that the broker really wants you to give him the money as soon as possible. Indeed, in almost every block, he talks about how well done he is and calls to open an account.
The main menu is duplicated in the site footer, contact details and license numbers are given, which are issued to the office by eminent regulators. This is the only official information that we found by scrolling through the uncomplicated Milro-Inc resource, so let's dwell on it in more detail.
Expertise of legal information, Milro-Inc licenses
Milro-Inc specifies the Cypriot town of Nicosia as the registration address. At the same time, according to the results of checking the domain in Trustorg (the very first screen), we found that it was created in the USA. But if you can still turn a blind eye to this, referring to the fact that the office trusts American suppliers more. The fact that an insurance company is registered at this address does not fit in with the theme of the resource and the activities of the broker.
The situation is unclear with the specified phone number. The check showed that although it is located in Cyprus, it is spelled incorrectly, therefore, most likely, it is invalid.
It turns out that it is not possible to contact or find an office on your own. Of course, you can write them a letter of happiness to the e-mail given in the "contacts" section, but you can wait a very long time for a clear answer. At the same time, your e-mail address will remain in the contact database of this incomprehensible office, which can, if necessary, use it to resell it to scammers or spam mailings about new “profitable projects”.
It's time to check the licenses. The organization refers to three authoritative regulators at once - the Cyprus Securities and Exchange Commission, IFSC and the Financial Services Commission of the Republic of Mauritius. However, having checked the numbers of these licenses against the databases of regulators, we got a quite predictable result.
The same story with permission to work with clients from the Russian Federation and the CIS, without which Russian-speaking traders simply have nothing to talk about with a broker.
Thus, by giving money to such an organization, whose activities are not controlled by anyone, you voluntarily agree that you can do whatever you want with your hard-earned money.
And for dessert, our favorite is the legends about “successful success” and “experienced team of professionals”, which are written in the “about the company” section.
Milro-Inc claims to have been on the market for more than 4 years, during which time they managed to reach a daily turnover of 150 million dollars, which is traded by 36,524 clients. All this, of course, is not true, because according to the results of the Whois analysis, the site appeared on August 1, 2021.
The domain name was registered much earlier, but for a long time it was empty and was on sale. We learned about this from the web archive.
For 2 months of existence, the site could not get such a volume of active users. In addition, the numbers that Milro-Inc gives in its beautiful counter absolutely completely match the data on the project website. Availcewhich we talked about last time.
It turns out that both offices either did not bother to change the statistics section in the standard template, which they stupidly put on the domain. Or these are the same players who are hiding behind different legal entities. One way or another, false information about the work of a broker is the main reason to send him to hell.
Features of the work of Milro-Inc. Tools and conditions for traders
For its clients, Milro-Inc kindly provides the following list of "goodies":
- more than 250 trading instruments;
- full transparency of work with a regulated service provider;
- absolute security of transactions, guarantee of complete safety of funds;
- round-the-clock support, professional advice from the best financial experts;
- convenient platform, the largest liquidity aggregators and completely real trading.
To get into this fairy tale, you just need to fill out the registration form, choose a deposit package and go to the platform.
There are three service packages to choose from. The minimum entry threshold is $150. For this money, you will get the smallest set of options - 1:100 leverage and instant order execution. A more advanced “Amateur” account involves depositing $ 1,000 into the account and additional services in the form of trading crypto and metals, deposit insurance. For a maximum deposit of 10 thousand c.u. the trader receives a full range of services, including personal support, deposit protection.
However, as can be seen from what we described in the previous section, all this is a lie and a provocation. You will not receive any services from a robbery office. The maximum that you can count on is a quick account blocking without opening loans for your data and additional “upsells” in the form of requirements to pay for insurance and other non-existent services.
Real customer reviews Milro-Inc
Despite the fact that the Milro-Inc office positions itself as an experienced market participant that has existed for more than 4 years, we did not find a single review of their activities. On the one hand, this is upsetting, because we cannot solemnly stick here a screen with angry tirades about what Milro-Inc radishes are. On the other hand, it makes me happy, because so many people have not yet fallen for the bait of this black broker.
If you have become victims of Milro-Inc scams, leave comments below this article. Perhaps it is your review that will save someone from losing money.
Milro-Inc User Scam Scheme
Like the previous heroes of our reviews, who do not differ in intelligence and ingenuity, the Milro-Inc client divorce scheme is extremely primitive and, as they put it, “transparent”.
- Search for potential victims on job search sites, thematic forums, social networks.
- Establishing contact with the client, misleading him with stories about successful trading on the monitored resource.
- The use of manipulation and other psychological techniques to force the victim to deposit money into the account.
- The use of animations, fake copies of the trading terminal, painting the results of trading, "advice" of deliberately unprofitable transactions, demands to pay non-existent insurance / commission, the amount of which almost reaches the withdrawn amount. This can continue for several cycles until the scammers realize that there is nothing more to take from the victim.
- Blocking the client's account and account for "violating the rules for using the resource."
This is an approximate divorce algorithm for beginners, which they will definitely encounter if they trust their money to unverified, illegal organizations. The scheme may differ slightly, but the result is always the same - a complete loss of money.
Results
On the website of the broker Milro-Inc, we found the following signs of an unreliable company:
- non-unique template, copying data from other fraudulent projects;
- false information about the address of registration, contact details;
- use of fake licenses, lack of permission from the regulator of the Central Bank of the Russian Federation;
- lack of reviews;
- false data about the time the company has been on the market, the achievements of the team, misleading users.
All this, in total or separately, leads to the conclusion that it is better to stay away from such offices. So close the Milro-Inc tab and go learn how to trade competently and check brokers for lice.
If you are a victim of Milro-Inc or other black brokers and want your hard-earned money back, leave your mail in the form at the beginning of the article. We will send you a step-by-step, illustrated plan of action to take.
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