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

M&G

United Kingdom|5-10 years|
Regulated in United Kingdom|Investment Advisory License|Suspicious Overrun|High potential risk|

https://www.mandg.com/investments/gb

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Poland 4.89

Surpassed 90.66% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

info@mandg.co.uk
https://www.mandg.com/investments/gb
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

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Broker Information

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Company Name

M&G Investments

Company Abbreviation

M&G

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-04-13
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 119328)Investment Advisory Licence Non-Forex License. Please be aware of the risk!

WikiFX Verification

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M&G · Company Summary

M&G Review Summary
Founded 1931
Registered Country/Region United Kingdom
Regulation FCA (Exceeded)
Services & Products Investment options, fund options, fund charges, investment management
Customer Support Phone, email

What is M&G?

M&G Investments is a global asset manager with track record of serving customers and clients for nearly 100 years. Founded in 1931, M&G Investments holds the distinction of launching Europe's very first mutual fund.

As part of M&G plc, a family of brands, our primary objective is to assist individuals in managing and growing their savings and investments in a responsible manner. However, the FCA license is exceeded.

M&G's homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Global presence
  • FCA (Exceeded)
  • Many years' industry experience
  • Some reports of scam and withdrawal issues
  • Various trading products
  • Complex website

Pros of M&G Investments:

- Global presence: M&G Investments is a global asset manager, serving customers and clients worldwide. Our extensive experience in the industry allows us to understand the diverse needs of investors and offer tailored solutions.

- Industry experience: With nearly 100 years of experience in the investment industry, M&G Investments has a strong track record of delivering results and helping clients achieve their financial goals. Our long history is a testament to our commitment and expertise in the market.

- Wide range of trading products: M&G Investments offers a diverse range of investment options and fund choices. Whether you are looking for equity funds, fixed income products, or alternative investments, we provide a variety of options to suit different risk appetites and investment preferences.

Cons of M&G Investments:

- M&G operates beyond the business scope regulated by FCA, that suggests M&G Investments engages in activities that are not covered or supervised by the FCAs regulations.

- Reports of scams and withdrawal issues: There have been some reports of scams and difficulties in withdrawing funds associated with M&G Investments. Traders and investors should exercise caution and carefully review all available information before making any investment decisions.

- Complex website: The M&G Investments website has a complex design and navigation, which can sometimes make it challenging for users to find the information they are looking for.

Is M&G Safe or Scam?

M&G has implemented security processes to ensure the safety of personal information. They also provide fraud alerts to keep customers informed about the latest security threats. M&G believes that security is a shared responsibility and aims to help customers protect their personal information and financial assets to prevent financial crime.

Security Measures

However, M&G operates beyond the business scope regulated by the Financial Conduct Authority (FCA) and holds an Investment Advisory Licence Non-Forex License (License Type: Investment Advisory License, License number: 119328). Customers should be aware of the associated risks.

exceeded FCA license

Services & Products

M&G offers a range of services and products to cater to investors' needs.

  • Investment Options:

- Individual Savings Accounts (ISAs): M&G provides ISAs, which offer tax-efficient investment options.

- Junior ISAs: M&G offers Junior ISAs, specifically designed for investing on behalf of children.

- Open-Ended Investment Companies (OEICs): M&G provides OEICs, which are collective investment schemes offering access to a range of funds.

- Regular Savings Plan: M&G offers a regular savings plan for individuals looking to invest on a regular basis.

- Financial Advice: M&G provides financial advice services to assist customers in making informed investment decisions.

  • Fund Options:

- Choosing Fund Options: M&G allows clients to select from a variety of funds based on their investment goals and preferences.

- Sustainability: M&G offers funds that focus on sustainable and responsible investment practices.

- Multi-Asset: M&G provides multi-asset funds that invest across a diverse range of asset classes.

- Equities: M&G offers equity funds, focusing on investing in stocks and shares.

- Fixed Income (Bonds): M&G provides fixed income funds that invest in bonds and other fixed-income securities.

  • Fund Charges:

- Fund Charge Calculator: M&G offers a fund charge calculator to help investors estimate the charges associated with their investments.

- Share Classes: M&G provides different share classes for investors to choose from, offering flexibility based on their investment preferences.

- Annual Value Assessment: M&G conducts an annual value assessment to ensure transparency on charges and costs.

  • Investment Management:

- Online Investment Management: M&G offers online tools and platforms for investors to manage their investments and track their portfolio performance.

- Risk Considerations: M&G encourages investors to carefully consider the risks associated with their investments.

- Online Valuation: Clients can access online valuation tools to check the current value of their investments.

- ISA or Junior ISA Transfers: M&G allows investors to transfer their existing ISAs or Junior ISAs to their platform.

- Switching Between Funds: Investors have the option to switch between M&G products and funds based on their changing investment objectives.

- Withdrawing Funds and Products: M&G facilitates the withdrawal of funds and products when investors decide to liquidate their investments.

Services & Products

How to Open an Account?

To open an account with M&G, you will need to provide the following information:

Step1 Verification documents to verify identity
Step2 Email address
Step3 Contact number
Step4 Account information:
- First name
- Surname
- Date of birth
- Country
- Postcode
- M&G client reference (if applicable)
Contact Form

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw and scams. Please carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Customers can get in touch with customer service line using the information provided below:

Telephone: 0800 390 390

Email: info@mandg.co.uk

Conclusion

M&G is a long-established investment management company that has a global presence. The company offers a range of investment options, fund choices, and investment management services.

However, there have been reports of scams and withdrawal issues associated with M&G, possibly indicating challenges in customer experience. The company also offers various trading products and has a complex website.Last but not least, its license FCA has been exceeded. For investors considering M&G, carefully evaluate the available information, understand the associated risks, and assess whether the products and services align with their investment objectives and risk tolerance.

Frequently Asked Questions (FAQs)

Q 1: Is M&G regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at M&G?
A 2: You can contact via Telephone: 0800 390 390 and email: info@mandg.co.uk.
Q 3: What services and products M&G provides?
A 3: It provides investment options, fund options, fund charges, investment management.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

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4

Comments

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전윤미
more than one year
Even after the funds were received by the bank, they held onto the money for an extended period. When I reached out to the customer service department, it seemed like they were reluctant to provide a straightforward explanation as to why my banking information displayed one thing while I couldn't access my funds. I wouldn't recommend this brokerage firm. Unless, of course, you enjoy having your funds tied up for a week without being able to withdraw them, then this might be the right place for you.
2024-01-24 23:00
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0
0
feiigejh
more than one year
M&G, seriously? Deposited 3500 pesos, and when I tried to cash out 2300, they pull a "mistake" on me. Suddenly, it's not all mine, and they question my ethics?
2023-12-28 14:16
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0
0
广南杰灵通讯
more than one year
THIS COMPANY IS A SCAM!!!! TOTAL SCAM DON'T DO IT. I HAVE LOST A LOT OF HARD-EARNED MONEY BECAUSE OF THESE CRIMINALS!!!! THE ABSOLUTE WORST PLEASE STAY AWAY. I HOPE YOU GET CAUGHT AND PAY FOR ALL THE PAIN YOU HAVE CAUSED INNOCENT PEOPLE WHO TRUSTED YOU.
2023-03-10 18:19
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0
0
วิทยา ประธานทรง
more than one year
Hello, Witthaya Prathantrong or M entrepreneur.
2023-01-14 15:13
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