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

Mgmex

United States|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

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

Website

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

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic information

Registered region
United States
Operating period
2-5 years
Company Name
Mgmex
Abbreviation
Mgmex
Company employee
--
Keywords 4
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

ひよこ

Japan

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.

Exposure

04-12

Ve2523

Indonesia

After trading, I can't access the application and website. All my money cannot be withdrawn.Be careful this guy is doing investment fraud.

Exposure

2023-12-08

Nguyễn Khắc Duy

Vietnam

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.

Exposure

2023-11-01

HuyenTrang

Vietnam

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

Exposure

2023-10-25

tu2319

Vietnam

Asked me to deposit more money to withdraw \

Exposure

2023-09-20

Natashi

Vietnam

At the beginning of May 2023, there was a person who became acquainted with me and said he was an investment finance expert. They instructed me to open an account and after that I was unable to withdraw from my account. Noticing it a scam I sent a message to the NFA licensing authority. However, this agency does not regulate the Mgmex trading platform. After that, I contacted IT to check the information and this exchange was set up and launched in Hong Kong, China. Everyone beware of this exchange. I hope the mediation center can contact and investigate so I can get my lost money back.

Exposure

2023-07-30

Natashi

Vietnam

I can't withdraw money from my investment account. Even though my account is at $1,100,000. I need help.

Exposure

2023-07-11

7
Website
Company Summary
Review

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Official website

Website

  • mgmexport.com

    Server Location

    United States

    Website Domain Name

    mgmexport.com

    Website

    WHOIS.PUBLICDOMAINREGISTRY.COM

    Company

    PDR LTD. D/B/A PUBLICDOMAINREGISTRY.COM

    Domain Effective Date

    2017-03-14

    Server IP

    172.67.183.209

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
MgmexMobile (iOS, Android)
mg4.jpg

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

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