MGM Global (mgmglobal.com) has been flagged by ASIC (Australia) for "Unlicensed". https://www.fca.org.uk/news/warnings/mgm-global-mgmglobalcom
Phones: 442039961490
Addresses: 5 Harbour Exchange E14 9GE UK This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: mgmglobal.com.
After spending since the beginning of the year trying to make MGM Global (mgmglobal.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Great customer service|Dividend tracking
Cons: No live chat on mobile|Currency conversion fee exists
Do not use MGM Global (mgmglobal.com) for anything serious. I used them for about eight months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Multiple order types|API access|Transparent fees|High security standards
Cons: No crypto staking
I wanted to transfer my portfolio from another broker to MGM Global (mgmglobal.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Smooth onboarding|Good analytical tools|Wide product range|Detailed reporting
Cons: Would like more payment methods
I lost a significant amount because MGM Global (mgmglobal.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Intuitive for beginners|Helpful community forum|Tax reports included|Social trading features
Cons: Limited social trading features
Opened my account with MGM Global (mgmglobal.com) based on a colleague's recommendation and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Full transparency|Professional team|Transparent fees|Reliable uptime
Cons: Website design could be more modern|Mobile app could be improved
I experienced a security concern with my MGM Global (mgmglobal.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Good mobile app|Low minimum deposit
Cons: None so far|Search feature is basic
I opened an account with MGM Global (mgmglobal.com) for about eight months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Multi-currency support|Reliable uptime
Cons: Help articles are sometimes vague
After since early this year with MGM Global (mgmglobal.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Automated trading options|Easy to use platform|Competitive fees
Cons: Limited cryptocurrency options
Where do I even begin with MGM Global (mgmglobal.com)? for roughly four months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: High security standards|Intuitive for beginners|Risk management tools
Cons: No phone support on weekends|Wait times can be long during peak hours
I am in a dispute with MGM Global (mgmglobal.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Social trading features|Quick verification
Cons: Nothing significant