WikiFX

Sagot

Based on my review of M&G’s available information, I was unable to find any clear, specific data regarding the maximum leverage offered on major forex pairs—or how that leverage might differ across asset classes. As a trader, this is concerning, since transparency around leverage is essential for risk assessment and making informed trading decisions. When a broker lacks public details about their leverage structure, it raises red flags for me, particularly when coupled with additional risk indicators. What stands out to me is that M&G’s core business, as described, focuses largely on asset management, investments, and long-term savings, rather than typical leveraged forex trading. Their main platform, myM&G web, appears tailored for investment products like ISAs and OEICs, not high-leverage spot forex or CFD trading. While they are listed as having an FCA license, I noticed that this license is recorded as “exceeded”—which in regulated environments signals potential lapses in regulatory compliance, adding further risk. My experience has shown that reputable brokers are upfront about leverage, and regulatory frameworks (especially in the UK) enforce strict leverage caps on retail forex accounts. The lack of this core detail from M&G contributes to my overall caution. Without explicit leverage information and given the risk warnings available, I would personally refrain from using this broker for leveraged forex until more transparent disclosures are provided. Cautious, well-informed decision-making is crucial in such scenarios.