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Mena Investing Review - Is it scam or safe?

Mena Investing Review - is mena-investing.com scam or good forex broker?

RATING: 1.2 / 3 REVIEWS Mena Investing
Mena Investing is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit  Minimum trade size Maximum leverage Spreads
Main $50 0.01 1:500 From 1.8 pips
Prime $500 0.1 1:200 Average 0.9 pips

 

There are two basic account types offered to clients of Mena Investing, both offering commission-free trading on MetaTrader 5 platform. According to the information on the broker’s website, there is a choice of either fixed, or variable spreads, and micro tradable lots are available on Main accounts.

Besides, Mena Investing offers swap-free services for investors of Islamic belief.

 

We checked out the broker’s demo MT5 and found that the typical spread on EUR/USD is around 0.9 pips, and no commission fees apply. This is indeed a competitive pricing, as most brokers offer spread within the range of 1.0 – 1.5 for this pair. The problem with Mena Investing, however, is that it lacks credibility, which is way more important than trading costs.

 

The Company. Security of Funds

 

Company

Country

Regulation

Mena Investing LTD.

N/A

N/A

 

Mena Investing offers trading in forex, as well as CFDs on the robust MT5 platform. According to the information on its website, the company behind the brand, Mena Investing LTD, is a privately held company operating in the Middle East and in the Arabian Gulf in particular. There is no specific information on the company headquarters, and what is worse, on its regulation. While this scenario is probably better than making false claims of holding forex brokerage licenses, the fact that Mena Investing is not authorized to provide brokerage services sends it directly to the “Not recommended” category.\

 

It is not a secret that most non-regulated and offshore brokers are scams and doing business with such is extremely risky. So, you’d better choose among brokers regulated by the CySEC in Cyprus, FCA in UK or another trustworthy regulatory body.

 

Trading Platforms

 

The broker supports the MetaTrader 5 (MT5) platform, developed by Russian fintech company MetaQuotes.

 

The main advantage of MT5 over its predecessor MT4 is the fact that it enables traders to execute trades on different financial markets (including stock markets) through a single account. In addition, MetaTrader 5's execution is faster than MetaTrader 4 and after the hedging option was added to it last year, among other enhancements, it gained popularity both among forex traders and brokers.

 

 

Promotion

By the time of writing this review, the broker offers 10% deposit bonus up to $100.

 

Methods of Payment

 

Mena Investing offers a large number of payments methods to accommodate all our clients: bank wire transfer, credit/debit cards and e-wallets Skrill, PayPal and others.

 

Conclusion

 

Although Mena is MT5 forex and CFD broker offering competitive trading conditions, it is not recommended, because it is not regulated.  Here are, in a nutshell, the advantages and disadvantages of this broker:

 

Pros Cons
Competitive spreads, commission-free trading No info on headquarters and regulation
MT5 available  No choice of trading platforms
   

 

Latest news about Mena Investing
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Traders` reviews for Mena Investing

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

misunderstanding

I was hasty to rule
I was informed yesterday that they will solve the problem but forgot to delete the comment
And I think if they think of fraud they will not communicate and tell
I apologize for my pleasure in commenting and I am talking about mena investing

dana kasem 10/11/2017

scam

stay away from them there scam never will not get ur money if u deposit or using no deposit bonus
if close them condition its 5 lots trade for no deposit bonus the will tell u u deduct the rules any one want to show u history i have

dana kasem 10/10/2017

Mena Investing - total scam

when i create my account, i wasnt able to log in on web page, i clearly put 1/100 as my leverage, howerver they loss all my info, and when my acc was reset my levarage was auto put 1/500. custommer chat told me it 1/500 to check the rule 2.4 who says CANT EXcEED 1/500 , i really put leverage 1/100 who the fuck use 1/500 with 500. so i loss it all in 5 sec. please be aware and stay far away from mena investing

jean francois dube 10/06/2017
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