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No Regulation
Score
1.52 /10
Danger
MGM
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
D
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.11
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| MGM Review Summary | |
| Founded | 2003 |
| Registered Country/Region | Pakistan |
| Regulation | Not regulated |
| Market Instruments | Equity Brokerage, Shares Custodian Services, Corporate Finance, Online Share Trading |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | KITS, Remote Trading Terminals, Web-Based Trading |
| Min Deposit | / |
| Customer Support | Address: Room # G-10, Ground Floor, LSE Plaza, 19-Khyaban-e-Aiwan-e-Iqbal, Lahore |
| Email: mgmsecurities@mgm-lse.com / mgmsecurities@yahoo.com / info@mgm-lse.com | |
| Phone: 042-36279181-2 / 042-36280761 / 042-36310753 | |
| Cell: 0333-4296005 | |
MGM Information
Founded in 2003 and registered in Pakistan, MGM provides corporate finance, internet share trading, stock broking, and share custody services. Despite offering a wide range of services, it is not subject to regulatory scrutiny, which could put investors at risk.
Pros and Cons
| Pros | Cons |
| Provides a variety of trading services | Not regulated |
| Offers multiple platforms for online trading | No demo accounts |
| No information on fees |
Is MGM Legit?
MGM is not regulated in its registered country, Pakistan, and does not hold any licenses from recognized regulatory bodies such as the FCA (UK) or ASIC (Australia). Kindly be aware of the potential risk.
Having been registered on April 19, 2005, mgm-lse.com is currently in use with a clientTransferProhibited status, which denotes limited administrative control.
Services of MGM
MGM offers trading in equities, shares custodian services, corporate finance, and online share trading through various platforms.
| Services | Supported |
| Equity Brokerage | ✔ |
| Shares Custodian Services | ✔ |
| Corporate Finance | ✔ |
| Online Shares Trading | ✔ |
| Remote Trading Terminals | ✔ |
| Web-Based Trading | ✔ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| KITS | ✔ | Desktop | Active traders requiring advanced tools |
| Remote Trading Terminals | ✔ | Desktop | Institutional and professional traders |
| Web-Based Trading | ✔ | Web (Browser) | Retail traders seeking convenience and flexibility |
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