Strange Broker — FOREX MMCIS
FOREX MMCIS is a rather strange broker that has been listed on my site today. They state that they were founded in 2007 by an investment company that was on-line since 2004, but all their websites came on-line only on February 29, 2008. They are registered in Panama and they provide some scans of the incorporation in the state of California but it seems very doubtful as they provide only NY contact phone and they aren’t registered with CFTC or NFA. Besides, all of their websites are registered in Russia. Apart from this they are fine — 1 pip spread on EUR/USD, $100 accounts, micro-lots, etc. Some of their highlights are:
* WebMoney as a deposit/withdrawal option.
* CFD, gold and index trading.
* Flexible leverage between 1:50 and 1:500.
* MetaTrader 4 platform.
* Interest rate on account’s balance.
By the way, all their websites have sounds on them, which is a very bad design practice and is disrespectful towards the visitors.