Score
Malaysia
|
5-10 years
| https://mgk-global.com/en/
Website
Rating Index
MT4/5
Full License
MGKGlobal-Live-UK-4
Influence
D
Influence index NO.1
Japan 2.60
MT4/5 Identification
Full License
United KingdomInfluence
D
Influence index NO.1
Japan 2.60
LicensesLicensed Entity：MGK Global Limited
License No. MB/12/0003
Malaysia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
mgk-global.com United States
VIP is not activated.
| MGK InternationalReview Summary | |
| Founded | 5-10 years |
| Registered Country/Region | France |
| Regulation | Regulated by LFSA (Suspicious Clone) |
| Demo Account | ❌ |
| Trading Platform | MT4 |
| Customer Support | Email: info@mgk-global.com |
MGK International, founded 5-10 years ago, is registered in France. The broker offers three account types, provides the MT4 trading platform, and supports six deposit methods, making it a versatile choice for traders. However, its regulatory status is suspicious clone.
| Pros | Cons |
| Offers three account types | Suspicious clone |
| Provides MT4 trading platform | Demo account unavailable |
| Offers six deposit methods | No information on available trading products |
MGK International is regulated by the Labuan Financial Services Authority (LFSA) of Malaysia and holds license number MB/12/0003. However, its regulatory status is suspicious clone.
MGK International offers three main account types: Normal Account, SPEED Account, and MAM/PAMM Accounts.
| Features | Normal Account | SPEED Account | MAM & PAMM Accounts |
| Target Users | General traders and EA programmers | Veteran traders and fast execution needs | Fund managers and investors |
| Trading Method | Non-Dealing Desk (NDD) | Non-Dealing Desk (NDD) | Non-Dealing Desk (NDD) |
| Backtesting Function | Available on MT4 with historical data | Not specified | Not specified |
| Leverage Flexibility | Standard | Flexible, allows customized leverage options | Flexible, adjustable for sub-accounts |
| Trade Execution Speed | Regular execution | Super-fast, minimal delays | Depends on manager's settings and allocation method |
| Spread & Commission | Excellent rates and narrow spreads | Low spreads, fast execution | Cheaper commission and spreads |
| Performance Fees | Not applicable | Not applicable | Automatically deducted based on contract terms |
| Order Allocation | No allocation system | No allocation system | Allocated based on percentage or fixed lots |
| Account Flexibility | Standard trading flexibility | Fast execution with minimal server interference | More flexibility in risk allocation and trade sizing |
| Withdrawals | Client‘s discretion | Client’s discretion | Manager cannot withdraw; clients manage deposits and withdrawals |
| Additional Features | Supports 5 daily bars for accurate EA operation | Sophisticated algorithms for quick execution | Low operating costs due to investor-manager relationship |
MGK International supports MT4 but does not support MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Mobile and Desktop（Windows & macOS） | Beginner |
| MT5 | ❌ | Mobile and Desktop（Windows & macOS） | Experienced Trader |
MGK International offers six deposit methods, including bitwallet, wire transfer, BXONE, Bitcoin (BTC remittance), Ethereum (ETH remittance), and USDT (Tether remittance). The minimum withdrawal amount is US $50.00 (after transfer fees).
For bitwallet and BXONE, a dedicated account is required, with processing times of 24 hours and an unspecified timeframe, respectively. Wire transfers typically take 2-3 business days, while Bitcoin, Ethereum, and USDT deposits do not require a dedicated account and are reflected within 1-2 business days.
MGK International claims to be regulated by the Labuan Financial Services Authority (LFSA) of Malaysia with license number MB/12/0003. However, its regulatory status is unverified, which makes me cautious. I prefer brokers with fully verified regulatory status to ensure safety and legal compliance, so the unverified label here raises concerns.
MGK International offers different spreads and commissions depending on the account type. The Normal Account provides excellent rates and narrow spreads, while the SPEED Account has low spreads and fast execution. The MAM & PAMM Accounts offer cheaper commissions and spreads, which can be great if I’m managing multiple trades. However, the specific commission details are not entirely clear, so I’d need to confirm further based on my trading needs.
No, MGK International doesn’t offer a demo account, which is disappointing for me. As a beginner, I like to practice on demo accounts to get comfortable with a platform before putting in real money. Without this option, I would have to dive straight into live trading, which adds a level of risk.
MGK International offers a variety of assets, including forex, energy, metals, indices, and cryptocurrencies. However, I would have liked to see more asset types like bonds or options for further diversification. Still, the range of products is decent for someone who wants to trade across different markets like me.
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