In this review, we will describe why MGM Markets is a scam that you should avoid at all cost !
Is MGM Markets Legit?
Looking at MGM Markets website, it shows that they are owned by Tube Global Marketing. Tube Global Marketing is located in Saint Vincent and the Grenadines, a well-known offshore zone and a preferred location for shady brokerage. MGM Markets is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why MGM Markets is a dangerous broker to deal with.
Are Funds Safe with MGM Markets ?
With such lack of information and MGM Markets being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is MGM Markets is withholding vital information to users.
MGM Markets could go bankrupt from one day to another since there are no banking information about this broker.
MGM Markets Review: our Conclusion!
MGM Markets is an unregulated broker to avoid at all cost. If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.
MGM Markets Scam Review
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Website URL : mgm-markets.com
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Type of Scam : Unregulated Broker (CFDs, Crypto Currency, Forex)
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Regulation : None
I invested $250.00 dollars MGM-Markets last week. Since than I’ve been hounded by the broker named Louis Wolf. He wanted my investment to be $2500.00. I refused to do this and he kept pushing me.
Will my money be recovered?
He is going to call me tomorrow at 10 am. What should I do?
Regards.
I am in the process of signing up with this brooker the name is Elana Fox. to now, i am only pushed for the $250. Is or will my funds be safe and will i be able to get it back?
i lost a lot of money
MGM had stolen my money and if I asked they always tell me its at the finince department. Im 60 and my dauhter cant find any work
DO NOT USE THIS FOMPANY THEY ARE SCAMMERS
CLAIM YOUR MONEY BACK
MGM markets and brokers are robbers.
Using anydesk to rob the clients from bank accounts and no acknowledgement of this money in the account.
No receipts given hence they are all thieves..
The robbers also do not trade after getting the money,
The robbers keep on changing hands…
This was promoted by Facebook hence FB must be accountable and pay us back double the money stolen…