Is Mgmglobal.com Legit or a Scam?
The online platform is a scammer. Mgmglobal is not a trusted broker because no official financial authorities regulate it. This has low trust and rating scores as Mgmglobal is regulated by CySEC and ASIC.
This broker is risky for your investment because more regulations and transparency are needed. According to Tranco, Mgmglobal reviews have a low ranking on the server. The registrar of this website has a high percentage of fraud and spam sites.
What is mgmglobal.com?
It is a forex-based broker. This platform is web and mobile-friendly for users. This provides options for 50 forex currencies in CFDs, cryptocurrencies, metals, indices, shares, and energies for investment and trading. This broker provides the user with various tools and resources to find the best investment opportunities in the financial market.
Mgmglobal Details.
| Regulated by: | Unregulated Offshore Broker |
| Is This Company Safe? | The absence of licenses makes any site unsafe! |
| Known Websites: | mgmglobal.com |
| Have Warnings from: | N/A |
| Registered in: | CloudFlare Inc. |
| Operating since: | 2013-07-28 |
| Trading Platforms: | Web trader, mobile trader( mobile apps) |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | $250 |
| Deposit Bonus: | 100% deposit bonus |
| Trading Assets: | Cryptocurrencies Bitcoin, Litecoin, Ethereum CFD Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard |
If you have lost money to companies like Bitonex or Lemax, please report it to us on our Report a Scam form.
Deposits and withdrawals
The Mgmglobal review says that it offers the same deposit and withdrawal methods and platforms, such as bank wire, VISA, Master Card, and e-wallets. However, this Mgmglobal scam broker house does not allow the PayPal payment method, which is inconvenient for investors.
Account Types
There are seven different types of accounts. These accounts are classified according to the amount of investment and the traders’ facilities. Investors can choose any account according to their needs and preferences.
- Bronze $10000
- Silver $25000
- Gold $50000
- Premium $100000
- Platinum $250000
Red flags and warning signs
The main concern about Mgmglobal.com is the widespread association of CFDs with scams in the market. The website preview is appealing but requires improvements, such as fixing the tool navigation that hinders the customer experience. These factors are recognized as signs of potential scams.
The website owner uses a service to hide their identity on the WHOIS database. Tranco indicates that this site has a low ranking. There are a significant number of suspicious websites hosted on this server. The registrar of this website has a high percentage of spammers and fraudulent sites. This website has mostly received negative reviews.
Read our carefully selected list of 100 top regulated brokers to make Safe investment decisions in legitimate companies.
Customer complaints and negative reviews
Customers complain about the hindrance to the withdrawal method. The Mgmglobal reviews on Trustpilot show meager ratings due to bad experiences happening to the users.
The identity of the owner is hidden. So many negative reviews forewarn about the Mgmglobal scam.
FAQs
What type of trading company is MGM?
MGM is a brokerage company that involves trading and investing money. It has worldwide customers. This company provides the benefits of powerful features, long-term or short-term, along with the best customer experience.
MGM performs equity trading functions. It benefits customers by valuing their invested money and providing handsome profits.
Who are MGM’s three principal shareholders?
The three principal shareholders of the MGM are William Hornbucle, John McManus, and Dorey Sanders.
What is the company profile of MGM?
MGM is an unregulated brokerage trading company located in the UK. This company uses cryptocurrencies, indices, and shares to trade worldwide.
How Can “Report Scammed Bitcoin” Help You If You Get Scammed?
If you have fallen victim to the Mgmglobal scam, we can help you retrieve your lost funds. Contact us for a fast resolution or Reportscammedbitcoin.com to report the scam and get your funds back.
Our team will offer a complimentary consultation and suggest services to assist in recovering your money. You can report to us today by the below form.
