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What do I need to open an account with MIB700.com?

To activate your account, please provide a color copy of an official I.D. such as a passport, identity card or driving license. The document must show your full name, residency, date of birth, signature, and expiration date of the document. For proof of address you can use a recent bank statement or utility bill no older than six months from the account opening date.

How can I update my personal details?

If your information changes, simply contact our customer service team at [email protected], and inform us of the relevant changes. Changes will require documented proof.

How long does it take to open an MIB700 account?

If all the information provided is accurate, your account will be fully active within five minutes of acceptance.

When can I start trading?

You can start trading immediately after your account has been activated. With mib700 you can use the online platform or you can install the software directly to your computer.

For how long can I use the practice account?

MIB700 practice accounts do not have an expiration date. After you have begun to trade you can return to the demo account to test new strategies. The practice accounts will be deactivated if they remain inactive for three months.

Can I change the base currency of my account?

If you wish to change your currency, simply close your account without any penalties and open a new account in the currency of your choice.

Can I lose more money than what’s is in my account?

Mib700 protect our traders from losing more money than they have in their account.

Do I have to refund bonus funds if I lose them?

You do not have to pay back a bonus loss.

How does MIB700 keep my money secure?

Min700 are in accordance with the MiFID (Markets in Financial Instruments Directive) and Segregate client funds from Mib700 holding. Deposited funds and profits are transferred to a separate account, and cannot be used by Mib700 other than to credit the account holders.

What spreads are available?

Spreads vary depending on the assets and market price, but can go as low as 0.8 pip.

What hours are Mib700 operational?

From Sunday 22:05 GMT to Friday 21:50 GMT. Some markets may differ depending on location.

What leverage does MIB700 offer?

Leverage varies depending on trading category and your deposit. Range is typically 1:100 to 1:300.

Does MIB700 allow scalping?

Yes.

Can I open multiple trading accounts?

MIB700 allows customers to open up to five trading accounts, but is not recommended.

Do you close customer accounts when balances reach zero?

MIB700 will close a zeroed account if it has been inactive for 90 days.

Do you provide learning resources and tutorials?

Every MIB700 customer has access to an informative archive of learning resources and educational materials. A personal account manager will guide you through the process and recommend resources that best suit your trading needs.

Do you allow clients from the United States to trade?

In accordance with CFTC (Commodity Futures Trading Commission) no U.S. citizen can be accepted.

Does MIB700 cater to digital option trading?

No, and we do not recommend it.

What payment methods do you accept for deposits and withdrawals?

Mib700 offers a variety of payment methods, including mainstream credit cards, debit cards and bank wire transfers.

What currencies do you accept?

MIB700 accepts and converts all currencies.

Does Mib700 have withdrawal restrictions?

No.

Can I make a withdrawal if I have an open position?

Yes.

How long does it take to make a withdrawal?

Withdrawal times vary depending on country and selected payment type. Withdrawals generally take 1-3 working days, in rare cases 5 working days.

Do you charge any fees for deposits or withdrawals?

MIB700 does not impose fees on deposits unless by bank wire transfer for 500 USD or less, or the equivalent.

Is it possible to transfer funds between active trading accounts of different members?

MIB700 follow strict international guidelines and do not allow clients to transfer funds between accounts. All deposits and withdrawals can only be made through the original banking details.

Can I withdraw bonus funds?

Bonus funds are a complimentary tool provided to the clients so they can gain a larger market exposure or position. Only profits made from bonuses can be withdrawn according to Terms of Use.

Can I transfer funds between two of my own active accounts?

Yes. If both account names and banking details are the same.