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4.99/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $250
Trading platform:
  • WebTrader
Regulation:
  • MISA
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Our Evaluation of Mirrox

4.99/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Mirrox is a broker with higher-than-average risk and the TU Overall Score of 4.99 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Mirrox clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.

Mirrox offers straightforward trading conditions, a wide selection of assets, and reliable client support. With demo accounts and various account types available, it caters to traders of all levels. However, it is worth noting that Mirrox does not offer passive income options.

Brief Look at Mirrox

Mirrox is a brokerage firm catering to both beginner and seasoned traders. It offers a diverse portfolio of over 160 CFDs, encompassing stocks, cryptocurrencies, Forex pairs, commodities, and indices. The company’s proprietary trading platform is designed for user-friendliness, enabling easy navigation, technical analysis, and execution of various order types. Mirrox is a regulated broker, operating under the supervision of the MISA (Mwali International Services Authority) with license number BFX2024064.

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Advantages of trading with Mirrox:
  • User-friendly interface;
  • Wide selection of trading instruments in CFD format;
  • Negative balance protection for all accounts;
  • Transparent commission structure with no hidden charges;
  • Support for various account types catering to traders of different experience levels;
  • Access to Forex trading with high leverage;
  • Availability of market and pending orders.
Disadvantages of Mirrox:
  • The minimum deposit is $250;
  • No passive income options are available.

TU Expert Advice

Anastasiia Chabaniuk

Author, Financial Expert at Traders Union

Mirrox provides a range of services including CFDs on stocks, cryptocurrencies, Forex pairs, commodities, and indices via its WebTrader platform. The broker offers leverage up to 1:400, supporting manual order execution and negative balance protection across various account types, catering to both novice and experienced traders. With a minimum deposit of $250, traders have access to user-friendly tools and a transparent fee structure, alongside robust client support.

However, Mirrox presents certain drawbacks, such as higher-than-average Forex trading fees and a 3.5% withdrawal fee. The absence of passive income options and ECN/Raw Spread accounts may limit its appeal to specific traders, especially those seeking automated trading or passive investment strategies. As such, Mirrox is more suited to traders focused on active CFD trading.

Mirrox Trading Conditions

Your capital is at risk.  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

💻 Trading platform: Proprietary WebTrader
📊 Accounts: Demo, Classic, Silver, Gold, Platinum, VIP
💰 Account currency: USD
💵 Deposit / Withdrawal: Bank cards (credit, debit, prepaid), Wire Transfer, E-wallets
🚀 Minimum deposit: $250
⚖️ Leverage: Up to 1:400
💼 PAMM-accounts: No
📈️ Min Order: 0.01 lot
💱 EUR/USD spread: 4,1-4,8 pips
🔧 Instruments: Forex CFDs, index CFDs, commodity CFDs (energies and metals), stock CFDs, crypto CFDs
💹 Margin Call / Stop Out: 100%/20%
🏛 Liquidity provider: N/a
📱 Mobile trading: Through browser
➕ Affiliate program: Yes
📋 Order execution: Market
⭐ Trading features: Only manual CFD trading
🎁 Contests and bonuses: Yes

The Mirrox trading platform supports market and pending orders, as well as the ability to set Stop Loss and Take Profit levels. All assets are traded in the CFD (Contract for Difference) format. Leverage is applied automatically depending on the asset class. Spread sizes vary for different account types.

Mirrox Key Parameters Evaluation

User Satisfaction i

Score:
6/10

Share your experience

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advocateone
40 weeks ago

I’ve been using Mirrox’s services for about six months. As a novice trader, I found the broker convenient due to its intuitive platform and support for various trading instruments, including stocks and cryptocurrencies. I appreciate the negative balance protection on all accounts, and the minimum deposit of $250 is reasonable for me. The only thing missing is the opportunity for passive income. Trading commissions are quite transparent, but you do need to be aware of the non-trading fees, as the withdrawal and inactivity fees can be substantial.

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Rwema
46 weeks ago

Mirrox is decent for active trading, but there are some drawbacks. I’ve been trading on its platform for about three months and have encountered some limitations. For instance, there’s no option for copy trading or trading based on signals. It’s primarily manual trading, which may not suit those seeking more passive strategies. However, the broker does offer a demo account, which is helpful for beginners to practice without risk. The withdrawal process can take up to 10 business days, which can be inconvenient, but this is somewhat offset by access to a variety of assets and a user-friendly WebTrader interface.

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Iridia
15 weeks ago

One of the first pleasant things I noticed when working with the Mirrox broker was the very user-friendly interface. Everything is logically organized, and it's easy to find the functions, charts and tools you need. This is especially important when you're working in a dynamic market and don't have time to figure out where everything is. Frankly, a practical, well-thought-out interface is a rarity, and here it really deserves a "plus" in its own right. Among the negative points is the minimum deposit of $250. For beginners, this may seem a bit high, especially if you just want to try and start small. But if you're serious, this amount is entirely justified by the conditions and quality of the platform.

L'une des premières choses agréables que j'ai remarquées en travaillant avec le courtier Mirrox a été l'interface très conviviale. Tout est organisé de manière logique, il est facile de trouver les fonctions, les graphiques et les outils nécessaires. C'est particulièrement important lorsque vous travaillez sur un marché dynamique et que vous n'avez pas le temps de comprendre où tout se trouve. Franchement, une interface pratique et bien pensée est une rareté, et ici elle mérite vraiment un « plus » à part entière.
Parmi les points négatifs, citons le dépôt minimum de 250 $. Pour les débutants, cela peut sembler un peu élevé, surtout si vous voulez juste essayer et commencer petit. Mais si vous êtes sérieux, ce montant est tout à fait justifié en raison des conditions et de la qualité de la plateforme.

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kompetenti
20 weeks ago

Trading at mirrox is a pleasure - the choice of CFD instruments is truly extensive, with access to currencies, equities, commodities and even crypto-currencies. This gives you flexibility in developing your strategies, and enables you to move quickly from one market to another as the situation demands. Such a wide range is an undeniable asset, especially if you don't want to limit yourself to a single asset class. But in this context, the lack of passive income options is particularly noticeable. Today, it's already seen as a serious drawback, as many brokers offer at least basic forms such as steaking or portfolio investments. Here, if you don't trade yourself, there's nothing to gain. I'd like to see some investment tools added over time for those who aren't ready to be in front of the screen all the time.

Trader chez mirrox est un plaisir - le choix d'instruments CFD est vraiment large, avec un accès aux devises, aux actions, aux matières premières et même aux crypto-monnaies. Cela vous donne de la flexibilité dans l'élaboration de vos stratégies et vous permet de passer rapidement d'un marché à l'autre en fonction de la situation. Un tel éventail est un atout indéniable, surtout si vous ne souhaitez pas vous limiter à une seule catégorie d'actifs.
Mais dans ce contexte, l'absence d'options de revenus passifs se fait particulièrement sentir. Aujourd'hui, elle est déjà perçue comme un sérieux inconvénient, car de nombreux courtiers proposent au moins des formes de base telles que le steaking ou les investissements de portefeuille. Ici, si vous ne négociez pas vous-même, il n'y a rien à gagner. J'aimerais que certains outils d'investissement soient ajoutés au fil du temps pour ceux qui ne sont pas prêts à être devant l'écran en permanence.

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Akashdev
42 weeks ago

I recently started trading with Mirrox, drawn in by the large number of available instruments. The platform offers more than 160 CFDs, which allows for experimenting with different strategies. The broker is regulated by MISA, but I would prefer a more reputable regulator. The spreads on VIP accounts are minimal, but on basic accounts they are higher than average. The lack of PAMM accounts and automated trading is somewhat limiting, but overall, I am satisfied with the stability of order execution and the quality of client support.

Score:
7.16/10

Trading Account Opening

To open a live account, navigate to the official Mirrox website and complete the registration process. Once registered, you will have the option to open either a live trading account or a demo account for practice. The following is a brief guide to the registration process:

1

Complete the registration form. This will appear on the screen once you begin the registration process.

2

Provide your current personal data.

3

Answer questions about your financial situation and trading experience.

4

Log in to your personal account and click “Open live account.”

5

Make a deposit to begin trading. You can complete verification later, before your first withdrawal request.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
3.7/10

Regulation and safety

Mirrox has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Is regulated
  • Negative balance protection
Disadvantages
  • Not tier-1 regulated
  • Track record of less than 8 years

Mirrox Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
MISA (Mwali) Mwali International Services Authority The Comoros No specific fund Tier-3

Mirrox Security Factors

Foundation date -
Negative balance protection Yes
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
2/10

Commissions and fees

The trading and non-trading commissions of broker Mirrox have been analyzed and rated as High with a fees score of 2/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • No deposit fee
Disadvantages
  • Above-average Forex trading fees

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Mirrox with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Mirrox’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Mirrox Standard spreads

Mirrox Pepperstone OANDA
EUR/USD min, pips 4,1 0,5 0,1
EUR/USD max, pips 4,8 1,5 0,5
GPB/USD min, pips 4,7 0,4 0,1
GPB/USD max, pips 5,5 1,4 0,5

Does Mirrox support RAW/ECN accounts?

As we discovered, Mirrox does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Mirrox. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Mirrox Non-Trading Fees

Mirrox Pepperstone OANDA
Deposit fee, % 0 0 0
Withdrawal fee, % 3,5 0 0
Withdrawal fee, USD 30 0 0-15
Inactivity fee ($, per month) 100-500 0 0
Score:
7.51/10

Account types

Mirrox accounts vary in terms of spread levels and swap fees (the fee for holding positions overnight). Before opening a live account, any registered trader on the Mirrox website can activate a demo account with a virtual balance of $100,000.

Account types:

Account Type
Description
Classic
Accounts with spreads from 2.5 pips. These are basic accounts, so there are no discounts on swap fees.
Silver
Accounts with more loyal conditions for calculating swap fees. Minimum EUR/USD spreads are 2.5 pips.
Gold
Accounts with the minimum spread at 1.8 pips.
Platinum
Accounts, where spreads on the EUR/USD pair, start from 1.4 pips.
VIP
Accounts with the tightest spreads starting from 0.9 pips on EUR/USD.
Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
3.5/10

Deposit and withdrawal

Mirrox received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

Mirrox offers limited payment options and accessibility, which may impact its competitiveness.

Advantages
  • Bank wire transfers available
  • Bank card deposits and withdrawals
  • No deposit fee
  • Low minimum withdrawal requirement
Disadvantages
  • PayPal not supported
  • Wise not supported
  • Limited deposit and withdrawal flexibility, leading to higher costs

What are Mirrox deposit and withdrawal options?

Mirrox offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making Mirrox less competitive for those seeking diverse payment options.

Mirrox Deposit and Withdrawal Methods vs Competitors

Mirrox Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card Yes Yes Yes
PayPal No Yes Yes
Wise No No No
BTC No No No

What are Mirrox base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Mirrox supports the following base account currencies:

What are Mirrox's minimum deposit and withdrawal amounts?

The minimum deposit on Mirrox is $250, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Mirrox’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
4.75/10

Markets and tradable assets

Mirrox offers a limited selection of trading assets compared to the market average. The platform supports 160 assets in total, including 45 Forex pairs.

Advantages
  • 45 supported currency pairs
  • Indices trading
  • Crypto trading
Disadvantages
  • Bonds not available
  • Copy trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by Mirrox with its competitors, making it easier for you to find the perfect fit.

Mirrox Plus500 Pepperstone
Currency pairs 45 60 90
Total tradable assets 160 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto Yes Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment options

We also explored the trading assets and products Mirrox offers for beginner traders and investors who prefer not to engage in active trading.

Mirrox Plus500 Pepperstone
Bonds No No No
ETFs No Yes Yes
Copy trading No No Yes
PAMM investing No No Yes
Managed accounts No No No
Score:
5.41/10

Customer support

Information

Mirrox’s support operates 24/7, with various communication channels available.

Advantages

  • Live chat on the broker’s website
  • Multilingual support

Disadvantages

  • No callback option
  • Responses in live chat are not always quick

Traders can contact Mirrox through:

  • Live chat;

  • Email;

  • Phone;

  • Feedback form;

  • Help button in user account.

Contacts

Registration address P.B. 1257 Bonovo Road, Fomboni, Comoros
Regulation MISA
Official site https://www.mirrox.com/en/
Contacts
Score:
5.09/10

Education

Information

The Education section of the official Mirrox website is designed for beginner traders who require basic information about trading in the Forex and CFD markets. It also provides market data and other useful tools for traders of all levels.

What is on Mirrox’s website
What is not on Mirrox’s website
Trading courses for beginners and more experienced traders
Video tutorials on WebTrader
Glossary of terms
Information on the psychological aspects of trading
Fundamental data (economic calendar)
Money and risk management in financial markets
Daily technical analysis
An explanation of trading strategies and their importance
Information about Trading Central
Detailed instructions on trading with leverage

Comparison of Mirrox with other Brokers

Mirrox Bybit Eightcap XM Group Octa FBS
Trading
platform
WebTrader MetaTrader5 MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MetaTrader4, MetaTrader5, OctaTrader MT4, MobileTrading, MT5, FBS app
Min deposit $250 No $100 $5 $25 $5
Leverage From 1:1
to 1:400
From 1:1
to 1:500
From 1:30
to 1:500
From 1:1
to 1:30
From 1:40
to 1:1000
From 1:1
to 1:3000
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0.9 points From 0 points From 0 points From 0.8 points From 0.6 points From 1 point
Level of margin call
/ stop out
100%  /  20% No  /  50% 80%  /  50% 100%  /  50% 25%  /  15% 40%  /  20%
Order Execution Market Execution Market Execution Market Execution Market Execution Market Execution Market Execution
No deposit bonus No No No No No No
Cent accounts No No No No No No

Detailed Review of Mirrox

Mirrox offers access to Forex (with over 40 currency pairs) and other CFD markets. Its platform allows for trading with high leverage: up to 1:400 for currency pairs, up to 1:200 for commodities, indices, and metals, and up to 1:5 for stocks and cryptocurrencies. The Mirrox trading platform, available in more than 20 languages, features 20 built-in technical analysis indicators and advanced price charts. It also supports instant price alerts and one-click trading. WebTrader is the broker’s proprietary platform with real-time streaming quotes, access to stop-loss/take-profit options, watchlists, and advanced statistics on trades and financial transactions.

Mirrox’s trading platforms:

  • WebTrader: Mirrox’s proprietary browser-based platform, compatible with any device. It streams TradingView charts, has a customizable interface, and offers built-in tools for conducting technical analysis of markets.

Mirrox by the numbers:

  • 5 live account types;

  • Demo account with a deposit of $100,000;

  • 160+ trading instruments;

  • Leverage up to 1:5-1:400 depending on the asset.

Services offered by Mirrox:

  • Active CFD trading with leverage;

  • Trading support 24/7;

  • Market data and educational materials.

Promotions and bonuses:

  • Rebate for trading fees for partners;

  • Bonus Scheme.

Advantages:

1

Access to educational materials for beginners;

2

24/7 client support;

3

Ability to start trading without verification;

4

Flexible leverage options for trading;

5

Robust personal data and client funds protection;

6

Regular platform updates and feature enhancements.

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