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Mgmex -

Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Mgmex

United States|1-2 years|
Suspicious Scope of Business|High potential risk|

https://www.mgmexport.com/#/

Website

Time Machine

Rating Index

Contact

https://www.mgmexport.com/#/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

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Company Name

Mgmex

Abbreviation

Mgmex

Platform registered country and region

United States

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Mgmex · WikiFX Survey

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Mgmex · Company Summary

Note: Mgmex's official website https://www.mgmexport.com/#/ is currently inaccessible normally.

MgmexReview Summary
Founded2018
Registered Country/RegionUnited States
RegulationNo regulation
Market InstrumentsCommodity Futures
Demo Account/
Leverage/
Trading PlatformMgmex Platform APP
Min Deposit/
Customer Support24/7 live chat

Mgmex is a commodity futures trading company which was registered in 2018 in the United States. It is not regulated, and detailed information is limited. This company uses its own trading platform, and it offers 24/7 live chat services. Since it lacks regulation, potential risks cannot be ignored.

MgmexReview Summary

Pros and Cons

Pros Cons
NoneLack of regulation
Unavailable website
Limited information

Is Mgmex Legit?

Mgmex is not regulated by the financial services regulatory authority in the United States. Moreover, the current status shows that client transferring is prohibited.

Is Mgmex Legit?

What Can I Trade on Mgmex?

Mgmex is a commodity futures company, and the products offered by it include USOil, XAGUSD, UKOil, NGAS, NG0W, HO0W, RB0W, and G0W.

What Can I Trade on Mgmex?
What Can I Trade on Mgmex?

Trading Platform

Trading PlatformSupported Available Devices
Mgmex✔Mobile (iOS, Android)
mg4.jpg

Review 7

7 Comments
Write a comment
All(7) Latest Exposure(7)
Exposure
Can't withdraw money
I installed the app, presented my ID, and opened an account. Deposit money into your personal account several times according to the instructions of customer service. I made a profit on dozens of trades. When I requested a full withdrawal, I was asked to pay a 20% service fee within 3 days. Since I can't pay, I asked them to stop the withdrawal, but it has already been approved. If you don't pay within 3 days, it will be frozen. The transaction was carried out as instructed by Hank, who calls himself Korean, on LINE. The total amount of damage deposited was 9.5 million yen.
ひよこ
04-12
Exposure
Cannot access and withdraw funds
After trading, I can't access the application and website. All my money cannot be withdrawn.Be careful this guy is doing investment fraud.
Ve2523
2023-12-08
Exposure
I deposited 20,000usd into my account, my account is currently over 100,000usd. But no withdrawal is allowed.
My account was frozen and I was not allowed to withdraw money. And I had to pay extra money to withdraw. I deposited 20,000 USD into my account, my account currently has an interest of more than 100,000 USD. I was not allowed to withdraw money but had to pay an additional 32,000 USD for it. I hope you can help me solve it.
Nguyễn Khắc Duy
2023-11-01
Exposure
Require payment to verify account
The exchange asked me to pay money to verify my account and I did. But after I finished depositing money, the exchange froze my account. I asked customer service and received an unsatisfactory explanation and I was asked to continue depositing for verification. The amount in my frozen account is $17374.6576. Please help me
HuyenTrang
2023-10-25
Exposure
I can't withdraw money, I need to pay to withdraw
Asked me to deposit more money to withdraw \
tu2319
2023-09-20
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