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Score

3.13 /10
Danger

Mckay Global Markets

Australia

2-5 years

Regulated in Australia

Investment Advisory License

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

https://www.mckaymarkets.com

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index3.05

Business Index5.43

Risk Management Index0.00

Software Index4.00

License Index3.05

Time Machine
Website

Licenses

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

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2025-01-06
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 346282)Investment Advisory Licence Non-Forex License. Please be aware of the risk!

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Mckay Global Markets · Company summary
Mckay Global MarketsReview Summary
Founded2021
Registered Country/RegionAustralia
RegulationASIC (Exceeded)
Market InstrumentsSecurities, futures, CFDs, Margin FX
Demo Account/
Leverage/
Spread/
Trading Platform/
Min Deposit/
Customer SupportContact form
Tel: +61 2-8007-4673
Email: support@mckaymarkets.com
Social media: Facebook, Twitter, Instagram, YouTube, Linkedin
Contact Address: 3 BENNETT ST EAST PERTH WA 6004, Australia
Register Address: Suite 608 Level 6, 97-99 Bathurst Street, Sydney, NSW, 2000, Australia
Regional RestrictionUSA

Mckay Global Markets was established in 2010 in Australia, offering trading services related to securities, futures, CFDs, and margin FX. This company was once regulated in Australia, but its license was exceeded, which means potential risks may exist. Besides, it does not reveal much information about trading details and account choices.

Mckay Global Markets' homepage

Pros and Cons

Pros Cons
Diverse tradable assetsExceeded ASIC license
Various channels for customer supportLack of transparency
US clients are not allowed

Is Mckay Global Markets Legit?

Mckay Global Markets was once regulated by Australia Securities & Investment Commission (ASIC), but the license was exceeded. Besides, the current status shows that client transferring is prohibited. Therefore, potential risks cannot be ignored.

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
Australia Securities & Investment Commission (ASIC)ExceededAustraliaInvestment Advisory License346282
Exceeded ASIC license
Domain information

What Can I Trade on Mckay Global Markets?

Mckay Global Markets provides several types of products, including securities, futures, CFDs, and margin FX.

Tradable Instruments Supported
Securities✔
Futures✔
CFDs✔
Margin FX✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on Mckay Global Markets?

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Jan de Vries
more than one year
Amazing customer support, feel so warm❤❤❤
Amazing customer support, feel so warm❤❤❤
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2024-05-22 11:43
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Maarten
more than one year
Spreads on majors like EURUSD, GBPUSD rise above 30 pips (for newbies at 1vol = $300 between buy and sell instead of the usual $15) from 20:30 to 23:00 GMT every night Margin requirements are being doubled, at best with 8h pre-notice but, usually with an email on the next day. Yes the next day. So if you are not a seasoned trader don't even bother.
Spreads on majors like EURUSD, GBPUSD rise above 30 pips (for newbies at 1vol = $300 between buy and sell instead of the usual $15) from 20:30 to 23:00 GMT every night Margin requirements are being doubled, at best with 8h pre-notice but, usually with an email on the next day. Yes the next day. So if you are not a seasoned trader don't even bother.
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2024-03-14 16:27
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