Mirrox- Is this Broker Legit?
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Written by : Robert J. Williams Robert J. Williams Reviewed by: Sikirty Chatterjee Sikirty Chatterjee Published Date: September 24, 2025 Categories:
Forex Brokers

Mirrox- Is this Broker Legit?

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3/10 (Expert Score)
This score is provisional. The full broker review is still in progress.
Product is rated as #50

Mirrox- Is this Broker Legit? Overview & Company Background

Mirrox- Is this Broker Legit?

Thinking about trading with a new multi-asset broker in 2024? This Mirrox Review covers all critical details: spreads and fees, platform tools, asset range, safety aspects, account types, and customer support. Find out whether www.Mirrox.com is right for your trading goals before you open an account.

📋 Broker Overview
Broker Name
Mirrox
Year Established
2024
Headquarters
P.B. 1257 Bonovo Road, Fomboni, Comoros, KM
Regulation
MWALI International Services Authority (MISA) – License Number BFX2024064
Countries Supported
Not specified
🏦 Account Details
Account Types
Classic, Silver, Gold, Platinum, VIP, Demo
Minimum Deposit
$250
Max Leverage
Up to 1:400
Negative Balance Protection
Yes (100%)
💻 Trading Platforms & Assets
Trading Platforms
Web Trader, Trading App
Mobile App
Yes
Assets Available
CFDs on Forex, currency pairs, commodities, indices, stocks, cryptocurrencies, metals
💳 Deposits & Withdrawals
Deposit Methods
Bank cards (credit, debit, prepaid), Wire Transfer, E-wallets
Deposit Fees
No deposit fees
Withdrawal Methods
Bank Card, Bank Wire, E-wallets
Withdrawal Fees
First withdrawal free for verified accounts with at least one trade; otherwise $10 fee. Subsequent fees: 3.5% for cards/e-wallets, $30 for wire transfers
💰 Costs
Average Spread
Flexible (EUR/USD spreads range from 4.1 to 4.8 pips)
Commission
No commission per trade; trading costs are embedded in spreads
🎧 Customer Support
Support Channels
24/7 customer support via phone, email, live chat; multilingual support
Support Hours
24/7

Pros & Cons Analysis

PROS
  • Supports USD, EUR, JPY, INR, and KRW accounts.
  • User-friendly Web Trader & mobile app for seamless access.
  • Minimum deposit just $250; free deposits accepted.
  • Comprehensive educational resources including webinars & eBooks.
  • 24/7 multilingual customer support with dedicated manager options.
CONS
  • Regulated only by MISA-Comoros—not top-tier authorities like FCA or ASIC.
  • High monthly maintenance fee ($10), even if inactive.
  • Inactivity fees escalate quickly after one month of no activity.
  • Spread-only pricing model—spreads are higher than ECN brokers; no RAW/ECN accounts offered.
  • Withdrawal process may incur multiple charges depending on frequency/method.

Frequently Asked Questions

What is the minimum deposit at Mirrox?

The minimum deposit required to open an account at Mirrox is $250 (or equivalent in supported currencies).

Is Mirrox regulated and safe to use?

Mirrox holds a license from MWALI International Services Authority (MISA), but it’s not regulated by leading financial watchdogs such as the FCA or ASIC. As such, client protection standards may be different—traders should review risk disclosures carefully.

What assets can I trade on Mirrox?

You can trade CFDs on forex (over 160 pairs), commodities, indices, stocks, metals—and cryptocurrencies are also available although not specifically listed publicly.

Are there any inactivity or maintenance fees at Mirrox?

Yes. There is a $10 monthly maintenance fee regardless of activity. Inactivity penalties escalate steeply—from $100 after one month up to $500 over time until dormant status applies.

Does this broker charge commissions per trade?

No separate commissions are charged per lot; trading costs are embedded within relatively wide spreads according to account tier. No RAW/ECN true spread models exist here.

Can I practice first with a demo account on Mirrox?

Yes—a demo trading account with a virtual balance of 100,000 USD is instantly available upon registration without requiring an initial deposit.

How do withdrawal fees work at Mirrox?

The first withdrawal is free for verified/active clients; subsequent withdrawals cost either 3.5% via card/e-wallets or $30 via wire transfer—minimum limits apply based on method used.

Does Mirrox Review mention hedging strategies allowed by the broker?

Hedging is permitted under current terms and negative balance protection helps maintain margin safety for traders using advanced portfolio management techniques across supported base currencies.


About Author

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Robert J. Williams

Robert J. Williams, an MBA graduate from the University of Southern California with a significant background in finance. Extensive professional experience with top investment firms such as Balt Investment and Globe Investments, enhancing venture capital portfolios and developing sophisticated investment strategies. Contributing expert at PipPenguin, where he simplifies complex financial topics and online brokers for a broad audience, empowering them with the knowledge to succeed in trading.
Our Methodology
At BrokerInspect, we base our broker reviews on verified data from each broker's official website, supplemented by public regulatory disclosures. Using a structured scoring system, we evaluate key aspects like regulation, fees, platforms, and customer support. Each metric is individually rated and contributes to a broker's final score, which is reviewed by our editorial team. Reviews are regularly updated to ensure accuracy, transparency, and relevance.
Disclaimer
The information provided in this broker review is for educational and informational purposes only and does not constitute financial advice. Trading financial instruments involves substantial risk and may not be suitable for all investors. Readers should conduct their own research and consult with a licensed financial advisor before making investment decisions.

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Disclaimer: Trading forex, CFDs, cryptocurrencies, and other derivatives involves substantial risk and is not suitable for all investors. Leverage can amplify both gains and losses. Market volatility, system failures, and third-party service risks can result in significant financial loss. Past performance does not guarantee future results. This content is for informational purposes only and does not constitute investment advice. Seek professional guidance before making any financial decisions. For a full overview of associated risks and our disclaimers, click here.

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