Score
5-10 yearsSuspicious Regulatory License
White label MT4
Regional Brokers
High potential risk
Influence
Add brokers
Comparison
Expose
Exposure
Score
Regulatory Index0.00
Business Index7.37
Risk Management Index0.00
Software Index7.82
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
More
Company Name
Mongolian Forex Broker
Company Abbreviation
MGL Forex
Platform registered country and region
Mongolia
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
| MGL Forex Review Summary | |
| Founded | 2016 |
| Registered Country/Region | Mongolia |
| Regulation | No regulation |
| Market Instruments | Forex, CFDs indices, oil, Uneth metals, cryptos, CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.1 pips |
| Trading Platform | MT4, MGL Forex mobile app |
| Minimum Deposit | $50 |
| Customer Support | 24/5 support, contact form |
| Tel: +976 70177170 | |
| Email: account@mglforex.mn | |
| Address: Express Taur 12 Davhart 1201 Toot | |
| Facebook, Twitter, YouTube | |
MGL Forex is an unregulated broker, offering trading on forex, CFDs indices, oil, Uneth metals, cryptos, and CFDs with leverage up to 1:500 and spread from 0.1 pips on the MT4 and MGL Forex mobile app. The minimum deposit requirement is $50.
| Pros | Cons |
| Various trading products | No regulation |
| Demo accounts | Unclear fee structure |
| MT4 platform | Limited payment methods |
| Low minimum deposit |
No. MGL Forex currently has no valid regulations. Please be aware of the risk!
MGL Forex offers trading on forex, CFDs indices, oil, Uneth metals, cryptos, and CFDs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs indices | ✔ |
| Oil | ✔ |
| Uneth Metals | ✔ |
| Cryptos | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
MGL Forex offers maximum leverage at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.
| Trading Platform | Supported | Available Devices | Suitable for |
| MGL Forex mobile app | ✔ | Mobile | / |
| MT4 | ✔ | Desktop, mobile, web | Beginners |
| MT5 | ❌ | / | Experienced traders |
MGL Forex accepts payments via cash, bank transfer and cryptocurrencies. However, specific info like deposit and withdrawal processing time and associated fees is not revealed.
More
User comment
0
CommentsWrite a review
No comment yet
start to write first comment