Abstract:Established in 2021, MGCCKJ is an independent financial derivatives and foreign exchange trading service provider based in Hong Kong. It specializes in foreign exchange advisory services, including foreign exchange trading and asset management. MGCCKJ LIMITED is authorized and regulated by the National Futures Association (NFA), with Regulatory License No.0542561.
General Information & Regulation
Established in 2021, MGCCKJ is an independent financial derivatives and foreign exchange trading service provider based in Hong Kong. It specializes in foreign exchange advisory services, including foreign exchange trading and asset management. MGCCKJ LIMITED is authorized and regulated by the National Futures Association (NFA), with Regulatory License No.0542561.
Market Instruments
MGCCKJ provides a platform to trade global financial products in one account. Tradable financial instruments available include forex pairs, precious metals, as well as energies.
Account Opening
MGCCKJ offers two trading accounts: STP and ECN accounts and opening accounts requires no fees. To open an account, traders can complete the account application form and send it to the broker by email with proof of identify and a certified copy of recent proof of address: info@ MGCCKJ.com. Traders can also contact its account manager to help you to open your account.
Minimum Deposit
The minimum initial capital to start a real trading account is just $100, which sounds reasonable for most regular traders who want to give a try in the forex world.
Leverage
MGCCKJ offers traders generous trading leverage, reaching up to 400:1. Still, keep in mind that leverage can amplify gains as well as losses, so use it with extra caution.
Micro Trade Size
The minimum trade size per order allowed by MGCCKJ is 0.01 lot, which is quite friendly to new traders.
Spreads & Commissions
The minimum spread offered by MGCCKJ is as low as 0.0 pips, but it does not specify spreads on particular instruments.
Trading Platform Available
When it comes to trading platform available, what MGCCKJ offers is the industry-recognized MT5 trading platform. MT5 trading platform features 6 type of order, over 80 built-in metrics and charts, built-in trading tools, as well as 21 time categories. The MGCCKJ MT5 is available in PC, IOS, Android versions.
Deposit & Withdrawal
The minimum deposit is $100. Payment methods working with MGCCKJ include China UnionPay, Bank Wire Transfer, Credit Card, as well as e-bank wire transfer.
Customer Service
MGCCKJ offers 24/5 multilingual customer support, and they can be reached through online chat (needs to filling in your phone number and email address), WhatsApp with +85253784240, email: support@mgc-fx.com. Corporate Address: 68 Johnston Road WAN CHAI HONG KONG
In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.
Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.
Doo Financial, a subsidiary of Singapore-based Doo Group, has expanded its regulatory footprint by securing new offshore licenses from the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).
A new programme has been launched by CFI to address the growing need for transparency and awareness in online trading. Named “Trading Transparency+: Empowering Awareness and Clarity in Trading,” the initiative seeks to combat misinformation and equip individuals with resources to evaluate whether trading aligns with their financial goals and circumstances.