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In my experience as an independent trader, the biggest concern I have with MGM stems from its lack of regulation. For me, this is a fundamental risk, because a broker that isn’t overseen by a reputable financial authority exposes clients to potential issues regarding fund safety and transparency. The complete absence of valid regulatory information means there is no overarching body to hold MGM accountable in case of disputes or malpractices, making it hard for me to trust them fully with my capital. Additionally, I’ve noticed MGM does not provide demo accounts or clear details on trading fees and spreads, which for me removes critical tools for evaluating platform quality and cost structure before making a real money commitment. While the broker does offer multiple platforms and a range of equity-related services, these features don’t offset the risk that comes with unregulated operations. The “high potential risk” and “suspicious regulatory license” tags are impossible for me to overlook. Ultimately, my caution is rooted in the fact that, without a strong regulatory framework, there are limited protections for traders, and this makes MGM a very high-risk choice for anyone serious about the safety of their investments.