MGX Brokers

MGX Brokers (mgxbrokers.com) is an international forex and CFD broker registered in Saint Vincent and the Grenadines (SVG)—an offshore jurisdiction without strict financial oversight from reputable authorities like FCA, ASIC, or CySEC. MGX Brokers offers web and mobile trading platforms, supporting a wide range of products including forex, indices, commodities, metals, stocks, CFDs, and cryptocurrencies.

The broker advertises competitive spreads, maximum leverage up to 1:500, and a minimum deposit of 100 USD. MGX Brokers supports various deposit and withdrawal methods such as bank transfers, international cards, e-wallets, and cryptocurrencies (BTC, USDT). However, MGX Brokers is not licensed by any reputable financial authority, and its registration in SVG only provides legal status without investor protection or real oversight.

International forums and reviews warn of very high risks associated with MGX Brokers, including withdrawal issues, account freezes, and poor customer service. Experts advise caution when trading here, especially for new or inexperienced traders.