Mishov Forex

Mishov Forex Broker Overview

Mishov Forex is a retail forex brand operated by Mishov Markets Ltd, a company registered in Saint Lucia under number 2023-00616 at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet. The brand presents itself as an international business founded in 2016 with its headquarters in Istanbul and further offices in London, Kabul, Ankara, Denizli, Tbilisi and Dubai. Trading is offered on MetaTrader 5 only, across roughly 45 instruments covering currency pairs, gold, silver, crude and brent oil and a small set of stock indices.

Mishov Forex Regulation and License

Mishov Forex names no financial regulator and publishes no licence number anywhere on its website. Its regulation, security and risk pages describe email and SMS verification, SSL and a content delivery network, but make no claim to authorisation by any financial authority. There is therefore no confirmed regulation and no claimed regulation to assess, which is an unusual position for a broker accepting client deposits.

Is Mishov Forex Regulated?

No. Mishov Markets Ltd holds no financial services licence that the company itself asserts or that this research identified. The only official record behind the business is a company registration in Saint Lucia, and a company registration permits a company to exist without authorising it to take client money, hold client funds or deal in foreign exchange.

Mishov Markets Ltd

The operating entity is Mishov Markets Ltd, and its existence is confirmed. An authoritative entity record validated against the Saint Lucia Registry of Companies and Intellectual Property shows the company as active under registration number 2023-00616, with an entity creation date of 4 December 2023 and the Gros-Islet address the site publishes. That date matters: the brand's About page claims the business was established in 2016, so the company now taking deposits is materially younger than the history the site presents. The record also reports the ownership as natural persons under a reporting exception, so no owner is named on it and none is named on the site.

Is Mishov Forex Safe?

Mishov Forex carries the risks that come with an unregulated operator, and a prospective client should treat it on that basis. There is no regulator to complain to, no compensation scheme, and no statement anywhere on the site that client money is held separately from company money. The site also markets a cash desk: US dollars can be deposited and withdrawn in person in Tehran, Istanbul, Dubai, Tbilisi, Herat and Kabul at 2 percent. Handling client funds as physical cash across those locations leaves a client with little documentary trail if a balance is later disputed.

Mishov Forex Account Types

Mishov Forex publishes no account tiers. Its application form offers only a choice between a real and a demo account, and no minimum deposit, leverage cap, spread table or commission schedule is published for either.

Mishov Forex Spreads, Commissions and Fees

The site advertises spreads from 0.0 pips and describes its execution as STP with no dealing desk, but publishes no spread table and no trading commission schedule, so the advertised figure cannot be checked against a stated instrument or account. The costs it does state are funding costs: US dollar wire withdrawals carry 1.5 percent plus SWIFT fees, US dollar cash carries 2 percent in each direction, and Turkish lira and Iranian rial transfers carry no commission.

Mishov Forex Trading Platforms

MetaTrader 5 is the only platform offered, on the MishovMarkets-Live and MishovMarkets-Demo servers. The site links desktop, macOS, Android, iOS and web builds.

Mishov Forex Deposits and Withdrawals

Funding runs mainly through wire transfer and a physical cash desk. Turkish lira transfers are stated to work only in Turkey and Iranian rial transfers only in Iran, both free of commission and processed within 24 hours. US dollar wires are free to deposit and cost 1.5 percent plus SWIFT fees to withdraw. Visa, Mastercard, Webmoney, Perfect Money, Neteller and Skrill are listed as payment systems with no fee, timing or limit published against any of them. No minimum or maximum amounts are published for any channel.

Mishov Forex Support

Support is reachable by email at [email protected] and by telephone, with separate numbers listed for Istanbul, Denizli, London, Dubai, Kabul and Tbilisi. There is no live chat. The site is published in English and Persian, and its application form asks for the applicant's name in Persian, which indicates who the service is built for.

Mishov Forex Pros and Cons

• The operating company is named openly and its registration is confirmed on an authoritative record, which is more than many offshore brands disclose.
• MetaTrader 5 is a mainstream platform, offered across desktop, mobile and web.
• Funding costs and processing times are stated plainly for the wire and cash channels.
• No financial regulator supervises the business, so a client has no external recourse.
• The company was created in December 2023, against a claimed founding of 2016.
• No minimum deposit, leverage, spread table or account tiers are published.
• The site says it does not serve Turkiye or the UAE while listing offices, telephone numbers and cash desks in both.

Mishov Forex Review and Assessment

Mishov Forex is a real, identifiable business rather than an anonymous front, and that counts for something. What it lacks is the thing that protects a client's money: no financial authority licenses Mishov Markets Ltd, no compensation scheme stands behind a balance, and the terms make no commitment to segregate client funds. Anyone considering an account should weigh that against the commercial terms, which are themselves largely unpublished, and should treat the cash funding route as the point where a deposit becomes hardest to trace.