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

MGCCKJ

Hong Kong|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 White Label|Chinese market only|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.mgcckjs.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
MGCCKJLimited-Live MT5
Server Location Hong Kong

Contact

+852 3601 5338
support@mgc-fx.com
https://www.mgcckjs.com
ROOM 32, 11/F, LEE KAINDUSTRIAL BUILDING, 8 NG FONGSTREET, SAN PO KONG, KL,HONG KONG
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+852 3601 5338

Broker Information

More

Company Name

MGCCKJ LTD

Company Abbreviation

MGCCKJ

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 5
Previous Detection : 2023-12-04
  • 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 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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MGCCKJ · Company Summary

General Information & Regulation

Established in 2021, MGCCKJ is an independent financial derivatives and foreign exchange trading service provider based in Hong Kong. It specializes in foreign exchange advisory services, including foreign exchange trading and asset management. MGCCKJ LIMITED is authorized and regulated by the National Futures Association (NFA), with Regulatory License No.0542561.

Market Instruments

MGCCKJ provides a platform to trade global financial products in one account. Tradable financial instruments available include forex pairs, precious metals, as well as energies.

Account Opening

MGCCKJ offers two trading accounts: STP and ECN accounts and opening accounts requires no fees. To open an account, traders can complete the account application form and send it to the broker by email with proof of identify and a certified copy of recent proof of address: info@ MGCCKJ.com. Traders can also contact its account manager to help you to open your account.

Minimum Deposit

The minimum initial capital to start a real trading account is just $100, which sounds reasonable for most regular traders who want to give a try in the forex world.

Leverage

MGCCKJ offers traders generous trading leverage, reaching up to 400:1. Still, keep in mind that leverage can amplify gains as well as losses, so use it with extra caution.

Micro Trade Size

The minimum trade size per order allowed by MGCCKJ is 0.01 lot, which is quite friendly to new traders.

Spreads & Commissions

The minimum spread offered by MGCCKJ is as low as 0.0 pips, but it does not specify spreads on particular instruments.

Trading Platform Available

When it comes to trading platform available, what MGCCKJ offers is the industry-recognized MT5 trading platform. MT5 trading platform features 6 type of order, over 80 built-in metrics and charts, built-in trading tools, as well as 21 time categories. The MGCCKJ MT5 is available in PC, IOS, Android versions.

Deposit & Withdrawal

The minimum deposit is $100. Payment methods working with MGCCKJ include China UnionPay, Bank Wire Transfer, Credit Card, as well as e-bank wire transfer.

Customer Service

MGCCKJ offers 24/5 multilingual customer support, and they can be reached through online chat (needs to filling in your phone number and email address), WhatsApp with +85253784240, email: support@mgc-fx.com. Corporate Address: 68 Johnston Road WAN CHAI HONG KONG

User Reviews

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User comment

3

Comments

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Daniel3541
6-12months
MGCCKJ is a Scam. When I asked for the withdrawal, MGCCKJ asked me to pay a big chunk of tax from the profit. I said that I just wanted to withdraw my deposit funds, and they refused to process any of my withdrawals. All of my deposit funds are NOT able to withdraw.
2023-01-18 06:31
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0
0
FX1177956577
more than one year
MGCCKJ is unregulated!!! All their staff just tell you lies and the long-term goal is to cheat you out of your money. You are better off choosing a more reputable & professional financial institution.
2022-12-14 17:09
Reply
0
0
Tamba Sissoko
more than one year
I attempted to withdraw my money, but they refused without explanation. Send an email to inquire why they never respond to you. If you put money in there, you will never get it returned.
2022-12-11 16:51
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0
0
6
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