Life on a New Level
When visiting the main page of the Micron Group website, you will encounter the invitation “Raise the bar of your existence!”. This broker assures clients that they provide a wide range of opportunities for safe, convenient, and profitable trading. However, user reviews indicate that these are just empty promises, as traders face issues with fund withdrawals. Let’s take a closer look at what this financial scam actually entails and why collaborating with them leads to financial losses in 100% of cases.
Information about Micron Group
According to the information provided, Micron Group only employs experts ready to assist clients at any stage of collaboration. While this sounds appealing, the lack of details about the employees raises doubts. Typically, reputable brokers publish information about their company leaders on their websites. In the case of scams, they prefer to hide their faces and names to avoid scrutiny by law enforcement agencies.
On the websites of legitimate brokers, information about their history and the founding date of the company is always available. However, this data is missing on the Micron Group portal. Scammers often embellish their background to attract more investors, but fraudsters do not waste time on such tactics. Information about the Micron Group domain indicates its creation in April 2023, although earlier negative reviews mention another scam site — microngroup.ltd. Scammers create multiple websites to continue deceiving users when their previous platforms get blocked.
The absence of a physical office address for Micron Group raises suspicions: why would a reputable firm conceal its location? Instead of a actual address, scammers provide a LEI link — a unique identification code assigned to European financial entities. After verification, it was confirmed that these fraudsters have no authority. Public sources mention a company named Micron engaged in business since 1987. However, the “kitchen” of Micron Group only emerged in 2023. It is evident that scammers found real company data and are using it in their services.
Experience shows that fraudsters often post fake contacts to evade questions about fund losses. Micron Group followed suit. They did not provide a contact phone number, which is logical, considering that scammers themselves make calls to victims from various numbers. The postal address turned out to be invalid. Users cannot pose questions to their team; they are left with expressing their outrage in reviews.
Working Conditions
Micron Group promises:
- access to 450+ assets,
- four tariff plans,
- order execution within 0.05 seconds,
- protection against negative balance,
- economic calendar and charts.
Scammers encourage using their platform without offering demo accounts. It is evident that the scammer’s goal is to capture the client’s funds as quickly as possible. Through a manipulated terminal, fraudsters can show the trader the desired result. The lack of opportunity to practice on a demo account may lead to deposit loss even before the user realizes that not everything is fair here.
Reviews of Scammers
There are plenty of reviews online about Micron Group. Most former clients complain about the inability to withdraw their funds. They also point out the inadequate performance of the trading platform, hindering their earnings.
Fraud Methods
Fraudsters target novices. Experienced scammers posing as analysts work with them. They aim to extract as much money as possible from the client, as well as demand payment for non-existent taxes and the opening of capital management accounts. One former client detailed the scam scheme in his review.
Conclusion
Collaborating with Micron Group will result in financial failure. This firm operates without the necessary documents, and its activities are not subject to any control. To avoid falling into the hands of scammers, it is best to steer clear of any interaction with them.
