Forex MGK International Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

2.2

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.4

Business 1.7

Risk Control 2.0

Software 2.7

Regulatory 2.2

Terminal Snapshot

MGK International Trading Conditions

Registered Region Malaysia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@mgk-global.com

Contact Number N/A

Website mgk-global.com

Balanced Review

Pros & Cons

Pros

Regulated by Labuan Financial Services Authority (FSA)
Diverse trading instruments: 63+ forex pairs, commodities, indices, stocks, and cryptocurrencies
Utilizes MetaTrader 4 for robust trading capabilities
Competitive spreads starting from 1.2 pips
24/5 customer support with multilingual assistance

Cons

Lacks robust regulatory oversight
Limited customer support options
Withdrawal process may face difficulties
No educational resources for traders
High minimum deposit for certain accounts

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	MGK International	VPFX	EC Investment Bank	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Malaysia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	2.2/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does MGK International Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Normal Account	All traders	Suitable for a wide range of trading styles, including discretionary and automated trading.	Designed for general trading with a maximum lot limit of 30.
Pro Account	Experienced traders	Direct access to deep liquidity and competitive spreads.	Suitable for traders seeking faster execution and higher trading volumes with a maximum lot limit of 30.

Account Opening Process

Opening an account with MGK International is a straightforward process. Traders will need to follow these steps: First, submit personal information such as name, email, and contact details. Next, provide employment and financial background information as required. Then, identity verification is necessary, which includes uploading documents like an ID and proof of address. Once the account is verified, traders have the flexibility to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Starting from 1.2	$0	Competitive spreads for major currency pairs.
CFDs (Gold, Silver)	Varies	Variable depending on the specific instrument.	Flexible trading options available.
Cryptos (BTC, ETH)	Varies	Variable depending on market conditions.	Reflects the volatility of the crypto market.

Other Fees

In addition to trading fees, MGK International may charge for deposits and withdrawals, depending on the method used. There could also be inactivity fees if accounts are dormant for extended periods. Platform usage fees are generally not applied, but overnight interest (swap rates) may occur on positions held overnight. Currency conversion fees may apply as well, depending on the transaction and account currency.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

MGK International User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Doe

Kuala Lumpur

★ ★ ★ ★ ★

I had high hopes for MGK International, but the withdrawal process has been a nightmare. It took much longer than expected, and I had trouble getting a clear answer from customer support. They need to improve their service significantly.

Sarah Lee

Penang

★ ★ ★ ★ ★

Overall, I’m quite satisfied with MGK International. The MetaTrader 4 platform is user-friendly, and I’ve found the execution speed to be impressive. A few minor issues with customer support, but the trading experience has been solid.

Mike Tan

Johor Bahru

★ ★ ★ ★ ★

My experience with MGK International has been disappointing. The customer support is limited, and I faced issues withdrawing my funds. I wouldn’t recommend this broker to others based on my experience.

Emily Wong

Malacca

★ ★ ★ ★ ★

I’ve been trading with MGK International for over a year now, and I love it! They offer a wide range of forex pairs, and the spreads are competitive. The platform works flawlessly, making my trading experience enjoyable.

Malaysia Market