Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Mckay Global Markets

Australia|1-2 years|
Investment Advisory License|Suspicious Scope of Business|Suspicious Overrun|Medium potential risk|

https://www.mckaymarkets.com/

Website

Rating Index

Contact

+61 2-8007-4673
support@mckaymarkets.com
https://www.mckaymarkets.com/
Suite 608 Level 6, 97-99 Bathurst Street, sydney,NSW, 2000, Australia

Licenses

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

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-04-27
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 346282)Investment Advisory Licence Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Users who viewed Mckay Global Markets also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

VT Markets

8.64
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

HFM

8.25
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

Mckay Global Markets · Company Summary

Aspect Information
Company Name Mckay Global Markets
Registered Country/Area Australia
Founded Year 2021
Regulation Suspicious Clone(ASIC)
Products & Services N/A
Spreads N/A
Trading Platforms N/A
Customer Support Email:support@mckaymarkets.com;Phone:+61 2-8007-4673

Overview of Mckay Global Markets

Mckay Global Markets is an Australian-based company established in 2021, identified as a suspicious clone by the Australian Securities and Investments Commission (ASIC).

The specific details about its products, services, spreads, and trading platforms are not available (N/A). However, the company provides customer support through email at support@mckaymarkets.com and by phone at +61 2-8007-4673, offering assistance and information to its clients or interested parties.

However, the official website of Mckay Global Markets, namely https://www.mckaymarkets.com/, is currently experiencing functionality issues.

Overview of Mckay Global Markets

Is Mckay Global Markets Legit or a Scam?

Mckay Global Markets is under scrutiny by the Australian Securities & Investment Commission (ASIC), labeled as a “suspicious clone,” indicating potential concerns about its legitimacy. The company holds an Investment Advisory License in Australia, with the license number 346282.

Is Mckay Global Markets Legit or a Scam?

Pros and Cons

Pros Cons
N/A Suspicious Clone Status
Lack of Transparency
Regulatory Concerns
Limited Customer Support Information
New Market Player

Cons:

  1. Suspicious Clone Status: Mckay Global Markets is flagged as a “suspicious clone” by ASIC, which raises serious concerns about its credibility and the authenticity of its operations. This status can deter potential clients who seek trustworthy and reliable financial services.

  2. Lack of Transparency: The unavailability of information regarding the company's products, services, spreads, and trading platforms indicates a lack of transparency. This absence of detailed information can hinder informed decision-making for potential clients and partners.

  3. Regulatory Concerns: Being labeled as a suspicious clone will imply that Mckay Global Markets could be mimicking a legitimate firm or engaging in misleading practices. This not only affects client trust but also exposes clients to potential risks and regulatory issues.

  4. Limited Customer Support Information: While the company provides an email and phone number for customer support, the absence of additional information or resources such as a comprehensive FAQ section, user guides, or a community forum will limit the effectiveness of their customer service.

  5. New Market Player: As a company founded in 2021, Mckay Global Markets lacks an established track record, which will make it difficult for clients to gauge the firm's stability, performance history, and the overall reliability of its investment advice or services.

Customer Support

Mckay Global Markets provides customer support through both email and telephone to address queries and concerns from clients or potential customers.

Individuals can reach out via email at support@mckaymarkets.com for detailed inquiries, feedback, or support requests.

Additionally, for more immediate or direct communication, customers can contact the company by phone at +61 2-8007-4673.

Conclusion

In summary, Mckay Global Markets, an Australian firm established in 2021, is under considerable examination as a “potential clone” by ASIC. Traders are exercising heightened vigilance towards such brokers with limited information.

FAQs

Q: What does “suspicious clone” mean for Mckay Global Markets?

A: Being labeled as a “suspicious clone” indicates that ASIC has identified Mckay Global Markets as potentially mimicking a legitimate entity or engaging in deceptive practices, which raises concerns about its authenticity and the safety of engaging with the firm.

Q: How can I contact Mckay Global Markets for support?

A: You can contact Mckay Global Markets' customer support by sending an email to support@mckaymarkets.com or by calling their support line at +61 2-8007-4673 for any inquiries or assistance.

Broker Information

Company Name

Mckay Global Markets Pty Ltd

Company Abbreviation

Mckay Global Markets

Regulatory Status

Exceeded

Platform registered country and region

Australia

Phone of the company
  • +61 2-8007-4673

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • Suite 608 Level 6, 97-99 Bathurst Street, sydney,NSW, 2000, Australia

  • 3 BENNETT ST EAST PERTH WA 6004,Australia

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@mckaymarkets.com

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

1

Comments

Write a review

Maarten
more than one year
Spreads on majors like EURUSD, GBPUSD rise above 30 pips (for newbies at 1vol = $300 between buy and sell instead of the usual $15) from 20:30 to 23:00 GMT every night Margin requirements are being doubled, at best with 8h pre-notice but, usually with an email on the next day. Yes the next day. So if you are not a seasoned trader don't even bother.
2024-03-14 16:27
Reply
0
0
TOP
Select Country/Region
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com