Should You Trade with Midea Investment?
Midea Investment doesn’t have proof of a license. However, that doesn’t stop this broker from claiming that it is licensed to offer trading services in the UK and EU. To back up this claim, Midea Investment would need to show an FCA license, required for any financial services provider in the UK as well as other European licenses. Since Midea Investment doesn’t show any proof of its licensing claims, it is reasonable to suspect they are false. Why? Because regulated brokers almost always provide proof of licensing on their website.
We Have Found Some Problems with Midea Investment
A lack of a license is enough of a problem, but it gets worse. Midea Investment claims that its clients get at least an 85% return on their investments. It is absurd to guarantee this level of a return. Most brokers do not promise specific returns and 85% is unrealistic. Stay away from Midea Investment.
Here Are Some Midea Investment Red Flags:
- No transparency
- No contact information
- False claims
- Not regulated
- Bad reviews
What Should You Do If You Have an Account with Midea Investment?
We do not recommend opening an account with Midea Investment. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.