MGM Markets is an unlicensed Forex and CFD broker that is based in the United Kingdom UK, that published a phone number to solicit for traders in jurisdiction in which they are not authorized to operate. As a rule of thumb, it is always better for everyone to deal only with entities which have proper certification. Nowadays technology has made it possible for everyone to invest through online means.
However, keep in mind that, more than 95% of the offers on the marketplace are scams. With regards to MGM Markets, they claim to be operating from the UK, but they fail to provide any information about their location or licenses. This kind of mysterious operating style is a common trait of offshore brokers.
MGM Markets is powered by Tube Global Marketing. If you have to speak with the customer care of this platform, then you can do so through a UK phone number: +44 1617685057.
Broker Information
Headquater: United Kingdom
Minimum deposit: $250
Spread: N/A
Leverage: up to 1:200.
Assets: Forex pairs, CFDs on indices, commodities, precious metals, stocks, and cryptocurrencies.
Support MT4: Not available
License: Unlicensed (Fraud!)
The minimum deposit is in line with the best Forex brokers, but MGM Market is not a legal broker.
MGM Markets Review
Pros
- Acceptable Minimum Deposit
Cons
- High Spread
- Unlicensed