MGS Financial (mgs-financial.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Suite 701 Level 7 77 Castlereagh Street Sydney NSW 2000 Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: mgs-financial.com.
I am in a dispute with MGS Financial (mgs-financial.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: Transparent fees|Fast execution|Stable platform|Dedicated account manager
Cons: Mobile app could be improved
I gave MGS Financial (mgs-financial.com) a fair chance. After since I retired last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Intuitive for beginners|Risk management tools|Social trading features|Easy withdrawals
Cons: Research section could be deeper
I trusted MGS Financial (mgs-financial.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Good analytical tools|Portfolio tracking tools|Intuitive for beginners
Cons: No dark mode on mobile|Spreads widen during volatile periods
I referred a friend to MGS Financial (mgs-financial.com) through a forum discussion. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Multi-currency support|Copy trading available|Responsive team|Instant funding
Cons: Limited social trading features
MGS Financial (mgs-financial.com) locked my account without warning and demanded documents I had already submitted. since last summer later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Portfolio tracking tools|Instant funding|Quick verification
Cons: Currency conversion fee exists
MGS Financial (mgs-financial.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Full transparency|Customizable dashboard
Cons: None so far
I had a dispute with MGS Financial (mgs-financial.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Social trading features|Smooth onboarding
Cons: No crypto staking
My withdrawal from MGS Financial (mgs-financial.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over three years of being strung along.
Pros: Fast execution|Copy trading available
Cons: Research section could be deeper|Limited demo account features
I experienced a security concern with my MGS Financial (mgs-financial.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: Wide product range|Customizable dashboard
Cons: Wait times can be long during peak hours|No phone support on weekends
After spending for the past year and a half trying to make MGS Financial (mgs-financial.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: Real-time alerts|Tax reports included
Cons: Minor UI glitches occasionally|No live chat on mobile