In this MediaHomeLife review, another fraudulent broker pretending to be a safe and reliable company will be exposed. The platform boasts of having 231,000 clients, executing trades on ECN, and being legally registered in Saint Vincent and the Grenadines. However, it has not obtained a license, and its duration of operation remains a mystery to everyone except the fraudulent founders. Moreover, there is another interesting situation regarding this platform, which you will learn about further, clearly showing why this is an illegal intermediary deserving of negative reviews.
- MediaHomeLife General Information
- Is MediaHomeLife Broker a Safe Option for Traders?
- How Transparent Is MediaHomeLife Broker Regarding Regulations?
- Trading Conditions Breakdown: What to Expect?
- Platform Performance
- Does MediaHomeLife Provide Educational Tools for Traders?
- Hidden Fees and Charges: What Traders Need to Know?
- User Feedback: Insights from Existing Clients
- How Responsive Is MediaHomeLife Broker’s Customer Support Team in Resolving Issues?
- Pros and Cons
- Frequently Asked Questions (FAQ)
MediaHomeLife General Information
| Website | https://mediahome.international/ |
| Phone Number | +18887787970 |
| info@MediaHomeLife.com, backoffice@MediaHomeLife.com | |
| Address | Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines |
| License | None |
| Minimum Deposit | $250 |
| Assets | Forex, metals, indices, cryptocurrency, stocks, commodities |
| Leverage | 1:400 |
| Trading Platform | WebTrader |
Is MediaHomeLife Broker a Safe Option for Traders?
Spending just 1-2 minutes on the company’s official website is enough to form an opinion about its fraudulent and suspicious activities. A template website, hidden trading conditions, and a lack of key information all indicate that the firm should not be trusted. However, it is worth delving deeper into this pseudo-broker. Let’s investigate further.
How Transparent Is MediaHomeLife Broker Regarding Regulations?
Any brokerage firm must be officially registered as a legal entity. The broker provides a legal address located in the offshore country of Saint Vincent and the Grenadines. This fact alone is negative, but it is still necessary to check official registers, as fraudsters can easily provide fake information, and the company is unlikely to be an exception.
A check was conducted on the registry of Saint Vincent and the Grenadines. As seen in the screenshot above, this entity is absent from the SVGFSA, confirming suspicions about fake information. It is unknown where the firm is actually registered. There is even a possibility that it is not registered anywhere at all.
Obviously, there can be no talk of any license. To obtain permission to operate, a company must pass a check by the financial commission. How can a company without a legal entity do this? No reputable regulator would issue a license to such a pseudo-company. Therefore, the organization deservedly receives the status of an illegal broker.
Another significant drawback is the duration of the operation. As is known, the longer an organization operates, the more serious and safe it is. Old brokerage intermediaries are more trusted than new and little-known firms. The platform falls into the category of new companies since its launch took place in the spring of 2024. Notice the screenshot below, which shows when the domain of the official website was registered. And without a website, no online broker can operate. The scammers’ website appeared in March 2024, very recently.
Trading Conditions Breakdown: What to Expect?
It is important to study the trading conditions before starting to trade. Why? Because they can predict future problems that a trader might face. And there could be many such problems with the platform.
First, the massive leverage of up to 1:400 immediately catches the eye. Regulators prohibit brokerage companies from providing leverage higher than 1:30-1:50, and that too is for professional traders who can prove their qualifications. Leverage of 1:400 carries huge risks as it increases not only potential profits but also losses.
Second, the platform blatantly lies about being ECN/NDD. The broker claims zero commissions and no requotes or delays in order execution. However, requotes and slippage are normal for a real market (ECN/NDD), and their absence indicates an artificial market. Moreover, brokers earn from commissions, but here they are zero. So where does the profit come from? Spreads, but they are not even mentioned. Everything indicates that the firm actually operates as a dealing desk, meaning it has an interest in clients losing money. So, those who want to trade here should be prepared for the platform to work against them.
Third, as already mentioned, the spreads are unknown. They could be 3 pips or even 10. The real situation can only be known by opening a trade, which requires investing money. Honest brokers provide a detailed table with current spread and swap indicators for each instrument on their official website, but MediaHomeLife does not belong to the category of honest firms.
Platform Performance
Clients are offered a minimally functional, heavily limited trading platform with numerous drawbacks. For example, traders cannot trade automatically using advisors, as the software does not support such functions. Additionally, you cannot save your own settings and then use a ready-made template for quick workspace creation. The number of tools is limited to basic technical analysis using levels, Fibonacci, Elliott waves, and indicators. Custom indicators cannot be uploaded and used either. Therefore, that platform is not suitable for serious trading. At best, it allows opening and closing orders. Though, it is appreciated that the terminal supports limit order types.
Moreover, the platform does not have mobile versions for iOS or Android, nor desktop versions for Windows/MacOS/Linux. Although the official website claims the availability of mobile and desktop versions for download, in reality, these links lead nowhere. In the personal cabinet, there is no option to download the software, only the web version.
It is impossible to positively characterize such a platform. Performance is very poor. The terminal is not suitable for serious trading. It would be better if the broker replaced this primitive software with a more advanced and popular platform.
Does MediaHomeLife Provide Educational Tools for Traders?
Judging by the description of the tariff plans, the company offers daily market analysis, but only for those who can afford a minimum deposit of $10,000. For the rest, there is nothing. The official website offers only two additional services: expiration dates and economic events calendars. In other words, the broker offers nothing free to its clients.
Hidden Fees and Charges: What Traders Need to Know?
In the trading conditions section, it was mentioned that spreads are not indicated, which does not give a clear understanding of whether trading with a platform is beneficial or not. Additionally, the broker promises not to charge commission. On the one hand, such conditions sound interesting and advantageous, but on the other hand, it has already been proven that the broker can easily deceive, and there could be high spreads and hidden fees.
User Feedback: Insights from Existing Clients
The number of reviews of MediaHomeLife is very small due to the company’s youth. However, there is a notable feature in the comments. There are no reviews in the English-speaking segment of the internet, but there are in the Russian-speaking segment. This explains why the official website supports only one language besides English.
MediaHomeLife reviews are predominantly negative. Experienced traders expose the broker, pointing out its fraudulent activities. Clients face problems withdrawing money, and there are also complaints that company employees actively scam people in various ways.
How Responsive Is MediaHomeLife Broker’s Customer Support Team in Resolving Issues?
Clients have only two ways to communicate with managers: by phone and email. There is a third option, an online chat, but it is only available to registered users, as it is located within the personal cabinet.
There is no point in trying to contact them by phone or email, as these are fake details. The provided email address does not exist, and the phone number was found to belong to another brokerage company — TradersHome, which has a very similar official website, identical to the hero of the review.
The online chat is silent. Managers either do not want to respond, or the online chat simply does not work. Therefore, it is unknown how to actually contact technical support.
Pros and Cons
- Quick registration.
- Availability of an Islamic account.
- Legal documents are absent.
- The firm provides a fake legal address and other details.
- High minimum deposit.
- No reviews on the internet.
- Very short period of operation.
Can you trust a company that started operating a few months ago? Can you deposit with a firm that has no license, a fake legal address and contact details, unfavorable trading conditions, conflicts of interest, no insurance, and no reviews from real clients on the internet? Of course not. The MediaHomeLife review has proven that you cannot trade here because it is a scam.
Frequently Asked Questions (FAQ)
The company specializes in providing access to CFD trading using leverage.
According to the information on the official website, clients need a minimum amount of $250 to start trading here. This is the required capital, not our recommendation.
No, it is not a safe company. It lacks licenses and insurance, and its legal address is fake, so there are simply no guarantees of reliability.
What should I do? How do I get my money back?
How to get your money back? I deposited $250 using Tether TRC-20, but now I can’t even submit a withdrawal request. I received a message: “Wait for confirmation from your account manager before proceeding!” However, no one has contacted me, more than a week. What should I do? Are they scammers, a fake broker? Please advise.
I hope no one gives the crooks their money
I can’t imagine how anyone could fall for such an obvious scam. Thanks to the MediaHomeLife review, this useful information should help beginners avoid opening a brokerage account here. There is no doubt; this is a fake pseudo-broker, a typical fraud. The founders of the company are anonymous because they are criminals. And what criminal would reveal their name and face?
Moreover, their website is exactly the same as that of another scambroker, TradersHome. It’s as if the site was copied, only changing the name. I think it’s easy to guess that if two brokerage firms have identical official websites, these are fraudulent and unsafe trading places.