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Micron Group

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Operating status: SCAM

Website: https://microngroup.ltd/fr

Broker violations and abnormal records
  • 2023-07-12 The French AMF issued a warning against Micron Group

    On July 13, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Micron Group to warning list for it being an unauthorized company engaging in forex activities: https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

    On July 13, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Micron Group to warning list for it being an unauthorized company engaging in forex activities: https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224
  • 2023-07-13 BrokersView has reviewed that Micron Group is an unregulated broker

    Micron Group displays the Legal Entity Identifier (LEI) as the license to support its legitimacy. However, the LEI only works to enable clear and unique identification of legal entities engaging in financial transactions. Having an LEI doesn't mean being authorized to legally engaging in financial activities.

    Additionally, the Financial Authority (Autorité des Marchés Financiers, AMF) has added Micron Group to warning list for it being an unauthorized company engaging in forex activities.

    In essence, Micron Group is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Micron Group displays the Legal Entity Identifier (LEI) as the license to support its legitimacy. However, the LEI only works to enable clear and unique identification of legal entities engaging in financial transactions. Having an LEI doesn't mean being authorized to legally engaging in financial activities.Additionally, the Financial Authority (Autorité des Marchés Financiers, AMF) has added Micron Group to warning list for it being an unauthorized company engaging in forex activities.In essence, Micron Group is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

How to trade with Micron Group? Where can I open an account?

Matthew Dusting
San Marino
2023-07-21
ANSWER Given it's unregulated status and the warning it has received, we strongly suggest you drop the plan to engage with Micron Group, a fraudulent trading platform posing huge risks to both funds and personal information.Micron Group is trying to use the Legal Entity Identifier (LEI) to convince unsuspecting investors that they are legitimate. However, the LEI only works to enable clear and unique identification of legal entities involved in financial transactions. Having an LEI doesn't mean being authorized to legally engaging in financial activities.Additionally, the Financial Authority (Autorité des Marchés Financiers, AMF) has added Micron Group to warning list for it being an unauthorized company engaging in forex activities. You can read the full warning here.In conclusion, dealing with Micron Group could lead to financial losses and identity theft as there are no legal protections to safeguard investors. Therefore, to mitigate such risks, investors are encouraged to stay away from unlicensed brokers like Micron Group and instead choose a fully regulated one.
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