MediaHomeLife

Investigating MediaHomeLife: A Comprehensive Review

The MediaHomeLife review is written to warn traders about issues with this Forex/CFD, specifically, scam broker. The company’s offers may seem enticing, but its main goal is to take traders’ money. It’s not difficult to prove this, as some of our arguments are listed below.

Key Takeaways

• The company’s official website is an exact copy of the TradersHome broker’s site, with the name not even changed everywhere.
• The broker operates without a license, illegally.
• There is a significant amount of false information on the website.

Is MediaHomeLife Trustworthy?

We realized that the broker cannot be trusted as soon as we saw its official website. It looks quite appealing, but this is not due to the company’s developers. Almost all the pages are copied almost unchanged from another broker’s site. They even forgot to change the inscription under the main banners, which still reads: “Welcome to Trader’s Home.” Yes, that’s the name of the platform from which the resource was copied — TradersHome.

Just like in the original, the broker’s footer states that it is located at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. This address is well-known to us and all traders — it is typically used by similar scam brokers for registration in the offshore zone of St. Vincent and the Grenadines (we have seen several dozen platforms here).

However, a check in the SVGFSA registry, the local regulator, shows that such a financial service is not listed. We checked all variations of the company name, but the result did not change.

Since there is no other information about MediaHomeLife’s addresses, it is easy to conclude: the company is not registered even in the offshore zone, at least it is not officially a financial service. Therefore, it does not have the right to work with clients’ money.

Another factor must also be considered: SVGFSA does not license or regulate Forex brokers (this is stated on the regulator’s official website). Therefore, even if registered in St. Vincent and the Grenadines, the platform does not have permission to provide brokerage services. Consequently, any activity in this direction is illegal.

It should be noted that the entire content was copied from the original site without exception. Even the numbers in the page titles ended up on MediaHomeLife without changes. However, they look simply ridiculous here.

For example, the number of active traders is given as 231,775. But according to whois, the company’s working domain, mediahome.international, was registered only on March 25, 2023, just 3.5 months before our review was written. Attracting over 200,000 clients in such a short time is simply impossible, especially if, according to the traffic monitoring service, the site is visited by no more than 500 people monthly.

However, it is unclear what is better for MediaHomeLife: to copy everything or to make some changes. For instance, the broker decided not to take documents that regulate ‌cooperation between the company and the trader. As a result, they are completely absent. This means that the client does not enter into an agreement with the platform and, in case of force majeure, will not be able to seek protection of their rights from the regulator or law enforcement agencies.

The broker has other issues as well. For example:

• The user cannot register independently. They will have to contact customer support for assistance.
• The company has not determined the number of tradable assets: sometimes it’s over 250, other times 400+ or 500+, and on some pages, it even exceeds 1000.
• The list of assets only mentions spot instruments. This is very strange for a broker promising trading in the ECN network rather than on exchange platforms.

Overall, there are more than enough arguments to understand that the broker decided to copy what it considers to be a more successful project, repeated its mistakes, and added some of its own. Perhaps it did not know that TradersHome also operates without a license and provides services illegally. Another possibility is that both platforms belong to the same owner who did not want to bother developing a new site. In any case, it is clear that MediaHomeLife cannot be trusted with even a cent of your own money.

Exploring Fees and Charges

As we mentioned earlier, a prospective client of MediaHomeLife cannot register independently. Getting assistance from their support team is not easy either; our request was ignored by their specialists. Therefore, discussions about financial operations, commissions, and other trader costs will have to rely solely on the website materials. Note that there are very few of them.

1. The company claims zero transaction fees. However, it does not mention that any available payment methods have system fees that are charged to the trader (for both deposits and withdrawals). These can be quite substantial, for example, in the Bitcoin blockchain or when sending funds via SWIFT bank transfer (20-50 dollars).
2. There is not a word about trading commissions. However, if we are to believe MediaHomeLife, it provides ECN trading services (which, of course, is not true; the broker contradicts itself by claiming narrow spreads, and even fixed spreads on the PRO account). Why not disclose the trading commission rates? Are they so high?
3. There is also no mention of other trader costs, such as account maintenance fees, trading terminal usage fees, swaps, etc.

Since this information is hidden, a trader cannot reasonably determine whether profitable trading with MediaHomeLife is possible. There is a non-zero probability that one needs to earn too much per trade to achieve a positive financial result.

The situation with financial operations is also unclear. In its self-promotion, the company lists only the safest transfer methods: bank transfers and using VISA/MasterCard cards. However, among the logos of the payment systems that the platform works with, there is also a Bitcoin logo. Meanwhile, payment details are nowhere to be found on the website. Can such an approach be called transparent? We don’t think so.

How User-Friendly Is the Trading Platform?

MediaHomeLife does not say a word about its trading terminal. All descriptions of desktop, mobile, and web platforms refer to TH Trader, which is provided to customers by the TradersHome broker. Whether the company has its own software for order placement, execution, and trade management remains a mystery. How easy is it for a client to learn and use it? This question remains unanswered.

What Do Clients Say?

In three months of operation, the MediaHomeLife broker has not earned the attention of the trading community. At least there are not many reviews about it online.

Users mention the company in reviews on only a few sites. The platform has not earned high ratings either — its average score ranges between 1 and 2 out of 5.

Experts on thematic portals express similar opinions about the broker. They all note that the broker has copied someone else’s site, has no registration or license. Do you think such a project can be rated highly?

Final Thoughts: Can You Rely on MediaHomeLife?

We believe that the MediaHomeLife review provides enough facts to prove that this is a scam project and dealing with it is extremely risky. The platform operates without registration or a license, and its owners did not even manage to develop their own website and create content for it. Why should traders trust such an incompetent broker? We hope that most potential clients of this pseudo-company will think about this and make the right decision.

Strengths and Weaknesses