Score

1.56 /10
Danger

MGC

New Zealand

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

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Comparison

Quantity 2

Exposure

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Website

Score

Regulatory Index0.00

Business Index7.40

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

MGCFOREX

Company Abbreviation

MGC

Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-16
  • 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!

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User Reviews

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User comment

1

Comments

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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?
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2024-01-10 17:17
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