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Global Broker Regulation & Inquiry App

Score

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/10

MG

Hong Kong|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.mgmetals.com.hk

Website

Rating Index

Contact

+852 3998 4916
info@MGMetals.com
https://www.mgmetals.com.hk
Unit F, 18F, MG Tower, 133 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong

Licenses

Licensed Institution:萬兆豐國際金業有限公司

License No.:023

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic information

Registered region
Hong Kong
Operating period
5-10 years
Company Name
MG Group
Abbreviation
MG
Company employee
--
Customer Service Email Address
info@MGMetals.com
Contact number
0085239984916
Company address
Unit F, 18F, MG Tower, 133 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong
Keywords 4
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Website
Company Summary
Review

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Official website

Website

  • mgmetals.com.hk

    Server Location

    Hong Kong

    Website Domain Name

    mgmetals.com.hk

    Website

    WHOIS.HKIRC.HK

    Company

    -

    Server IP

    146.196.54.204

Company Summary

MG Review Summary
Founded2001
Registered Country/RegionHong Kong
RegulationSuspicious Clone CGSE License
Market InstrumentsPrecious metals
Demo AccountNot Mentioned
LeverageNot Mentioned
Trading PlatformNot Mentioned
Min DepositNot Mentioned
Customer SupportContact form
Phone: (852) 3998 4916
Email: account@mgmetals.com.hk

MG is a financial provider in Hong Kong with a suspicious fake clone license. Their core businesses include a variety of financial services, real estate, entertainment, publishing, arts and cultures, education and training, multimedia, and environmental protection. Its subsidiary company, Marigold International Bullion Dealers Limited, primarily serves as a precious metal dealer.

MGs homepage

Pros & Cons

ProsCons
Specialized in Metal DealingSuspicious Clone License
Unclear Trading Conditions

Is MG Legit?

MG is not a legiable company since its license is suspected to be a fake clone.

Regulatory Status Suspicious Clone
Regulated by The Chinese Gold & Silver Exchange Society
Licensed Institution 萬兆豐國際金業有限公司
Licensed TypeType AA License
Licensed Number023
Suspicious clone CGSE license

What Can I Trade on MG?

Being a precious metal dealer. You can trade metals like gold and silver on MG.

Trading AssetAvailable
forex
metals
commodities
indices
energies
stocks /shares
cryptocurrencies
options
funds
ETFs

Trading Platform

Trading PlatformSupported Available Devices Suitable for
EZgoldMobile (iOS, Android)Beginner
MT4Desktop, Mobile, WebBeginner
MT5Desktop, Mobile, WebExperienced trader
Trading ViewDesktop, Mobile, Tablets, Web BrowsersBeginner

Deposit & Withdrawal

MG offers an upcoming payment app called MGPay for the traders on their platform. However, further details about this app are not provided.

Customer Service

MG provides contact channels including contact form, phone, email, and company address. The website shows that they also have social media, but the links direct you back to the company website instead of the social media page.

MG's customer service is open from Monday to Sunday. During working days, the service is available from 8:00 am to 8:00 pm. On Saturday, the service is available from 9:00 am to 7:00 pm. On Sunday, the service is available from 9:00 am to 9:00 pm.

Contact ChannelDetails
Contact form
Contact form
Phone
(852) 3998 4916
Email
account@mgmetals.com.hk
Address
Unit F, 18F, MG Tower, 133 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong

Q&A

Is MG regulated?

No. MG's license is suspected to be a fake clone.

Is MG safe?

MG is not safe since MG is not a regulated platform.

Is MG a good broker for beginners?

No. Beginners should preferably choose a reputable and well-regulated platform.

Risk Warning

Online trading involves significant risk. 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.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
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