FastBull BrokersView
Sign In
Unregulated
Save

MGM Global

Operating status: Unregulated
Website: https://mgmglobal.com/
High-Risk Active
Broker violations and abnormal records
  • Aug 15, 2023 The UK FCA issued a warning on MGM Global

    On August 16, 2023, the Financial Conduct Authority (FCA) issued a warning against MGM Global, this firm may be providing financial services or products without authorisation.https://www.fca.org.uk/news/warnings/mgm-global-https-mgmglobalcom

    On August 16, 2023, the Financial Conduct Authority (FCA) issued a warning against MGM Global, this firm may be providing financial services or products without authorisation.https://www.fca.org.uk/news/warnings/mgm-global-https-mgmglobalcom
  • Aug 17, 2023 BrokersView has reviewed that MGM Global is an unregulated broker

    Information about the regulatory status of MGM Global is not reliable as the Financial Conduct Authority (FCA) has indicated that it provides financial services or products without authorization.

    In essence, MGM Global is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Information about the regulatory status of MGM Global is not reliable as the Financial Conduct Authority (FCA) has indicated that it provides financial services or products without authorization.

    In essence, MGM Global is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

  • Sep 05, 2023 The Belgian FSMA added MGM Global to its warning list

    On September 6, 2023, the Belgian Financial Services and Markets Authority (FSMA) added MGM Global to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-1

    On September 6, 2023, the Belgian Financial Services and Markets Authority (FSMA) added MGM Global to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-1

  • Oct 11, 2023 The AMF adds MGM Global to its warning list

    On October 12, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added MGM Global to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

    On October 12, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added MGM Global to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

  • Nov 18, 2025 BrokersView has identified that MGM Global's website is currently offline

    BrokersView found that the domain "https://mgmglobal.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

    BrokersView found that the domain "https://mgmglobal.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Related Complaints

Q&A Complaints

Which agency is regulating MGM Global?

salah mahdi
Hong Kong
Sep 18, 2023
ANSWER MGM Global is not subject to any regulatory body. It is an unlicensed broker red-flagged by the Financial Conduct Authority (FCA) and the Belgian Financial Services and Markets Authority (FSMA).While the platform claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the FCA, our search for the company within the databases of the three financial watchdogs didn't return any results. This means the claim about its regulatory status is false.Furthermore, both the FCA and the FSMA have issued warnings against MGM Global for carrying out unlicensed activities. The full FCA warning can be accessed here and the full FSMA warning here.Therefore, BrokersView strongly suggests investors stay away from MGM Global. Entrusting it with funds and personal information is highly risky, as there are no rules in place to safeguard them. If any violation occurs, investors dealing with the platform may not be able to recover their money or get compensation from any official body. To mitigate such risks, it is advisable to choose a fully regulated broker instead.
See more

Transfer of bitcoin to EUR

AV
Switzerland
Sep 11, 2023
ANSWER MGM Global is a fake broker that wants to scam you and its fraudulent activities have drawn warnings from two financial regulators. Please stop sending any money or information to it and ignore its requests.While MGM Global is allegedly domiciled in the UK, there are no indications that it is registered with the Financial Conduct Authority (FCA). As such, to warn the public about this unauthorized firm, the FCA has issued a warning against it, advising investors to steer clear of MGM Global. Furthermore, the Belgian Financial Services and Markets Authority (FSMA) has also added MGM Global to its warning list as a fraudulent trading platform. The full warning list can be accessed here.Therefore, MGM Global is a fraud scheme and any requests or excuses they make are meant to deceive you. We strongly suggest you do not trust them.Moreover, crypto trading is a regulatory headache for governments across the world and regulators are still working on how to manage the risks involved. As a result, if any violation occurs, it is very hard for both victims and authorities to recover the money. Please think long and hard before investing in cryptocurrencies.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.