mgmglobal.com has been flagged by AMF (France) for "Unauthorised". Category: Forex 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 for about eight months with 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: Excellent charting|Personal attention
Cons: No live chat on mobile|Some tools only available on higher tiers
KYC with mgmglobal.com is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Full transparency|Smooth onboarding|Transparent fees|Low minimum deposit
Cons: Cannot customize dashboard fully|Onboarding videos are outdated
mgmglobal.com had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Personal attention|Instant funding
Cons: Website design could be more modern|Account statements could be more detailed
I opened an account with mgmglobal.com since last summer 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: Social trading features|Easy to use platform
Cons: Help articles are sometimes vague
After using mgmglobal.com for a few weeks now, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Portfolio tracking tools|Easy withdrawals
Cons: No integrated tax optimization|No fractional shares
The platform itself is okay, but the customer service at mgmglobal.com is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Detailed reporting|Educational resources
Cons: Limited cryptocurrency options|Limited ETF selection