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MG Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-09-13 18:08

Abstract：MG is a financial provider in Hong Kong with a suspicious fake clone license. Their core businesses include a variety of financial services, real estate, entertainment, publishing, arts and cultures, education and training, multimedia, and environmental protection. Its subsidiary company, Marigold International Bullion Dealers Limited, primarily serves as a precious metal dealer.

MG Review Summary
Founded	2001
Registered Country/Region	Hong Kong
Regulation	Suspicious Clone CGSE License
Market Instruments	Precious metals
Demo Account	Not Mentioned
Leverage	Not Mentioned
Trading Platform	Not Mentioned
Min Deposit	Not Mentioned
Customer Support	Contact form
	Phone: (852) 3998 4916
	Email: account@mgmetals.com.hk

　　MG is a financial provider in Hong Kong with a suspicious fake clone license. Their core businesses include a variety of financial services, real estate, entertainment, publishing, arts and cultures, education and training, multimedia, and environmental protection. Its subsidiary company, Marigold International Bullion Dealers Limited, primarily serves as a precious metal dealer.

Pros & Cons

Pros	Cons
Specialized in Metal Dealing	Suspicious Clone License
	Unclear Trading Conditions

Is MG Legit?

　　MG is not a legiable company since its license is suspected to be a fake clone.

Regulatory Status	Suspicious Clone
Regulated by	The Chinese Gold & Silver Exchange Society
Licensed Institution	萬兆豐國際金業有限公司
Licensed Type	Type AA License
Licensed Number	023

What Can I Trade on MG?

　　Being a precious metal dealer. You can trade metals like gold and silver on MG.

Trading Asset	Available
forex	❌
metals	✔
commodities	❌
indices	❌
energies	❌
stocks /shares	❌
cryptocurrencies	❌
options	❌
funds	❌
ETFs	❌

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
EZgold	✔	Mobile (iOS, Android)	Beginner
MT4	❌	Desktop, Mobile, Web	Beginner
MT5	❌	Desktop, Mobile, Web	Experienced trader
Trading View	❌	Desktop, Mobile, Tablets, Web Browsers	Beginner

Deposit & Withdrawal

　　MG offers an upcoming payment app called MGPay for the traders on their platform. However, further details about this app are not provided.

Customer Service

　　MG provides contact channels including contact form, phone, email, and company address. The website shows that they also have social media, but the links direct you back to the company website instead of the social media page.

　　MG's customer service is open from Monday to Sunday. During working days, the service is available from 8:00 am to 8:00 pm. On Saturday, the service is available from 9:00 am to 7:00 pm. On Sunday, the service is available from 9:00 am to 9:00 pm.

Contact Channel	Details
	Contact form
	(852) 3998 4916
	account@mgmetals.com.hk
	Unit F, 18F, MG Tower, 133 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong

Q&A

　　Is MG regulated?

　　No. MG's license is suspected to be a fake clone.

　　Is MG safe?

　　MG is not safe since MG is not a regulated platform.

　　Is MG a good broker for beginners?

　　No. Beginners should preferably choose a reputable and well-regulated platform.

Risk Warning

　　Online trading involves significant risk. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.