Score

1.56 /10
Danger

MGC

New Zealand

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

Add brokers

Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.42

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

MGCFOREX

Company Abbreviation

MGC

Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose

User Reviews

More

User comment

1

Comments

Write a review

READYOUNG
more than one year
They say we can only cash out on the 5th of each month due to bank processes – quite inconvenient. What's worse, my withdrawal requests got canceled without any heads up, and I can't get a hold of customer support. They initially talked about a T+2 withdrawal system, but it feels like they're playing by their own rules. Forex is supposed to be 24/7, right?
They say we can only cash out on the 5th of each month due to bank processes – quite inconvenient. What's worse, my withdrawal requests got canceled without any heads up, and I can't get a hold of customer support. They initially talked about a T+2 withdrawal system, but it feels like they're playing by their own rules. Forex is supposed to be 24/7, right?
Translate to English
2024-01-10 17:17
Reply
0
0
2