Reported as a scam / unregulated
Why MIC is on the register
MIC is not a reliable broker for traders even though it states offers that look good to be true. MIC claims to be registered in Hong Kong. However, we did not find any match results to MIC in the Hong Kong regulator Securities And Futures Commission (HK SFC). That means MIC is not an approved broker in Hong Kong. Besides, MIC claims it has branches in China mainland and the United States. As per the information we hold, There are no authorities that issue licenses for forex trading or regulate forex activities on China’s mainland. Then we searched in the US regulator National Futures Association (NFA) but did not find any matching results to MIC. That means MIC is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.