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 lost a significant amount because MGS Financial (mgs-financial.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: Two-factor authentication|Quick verification|Detailed reporting
Cons: Website design could be more modern|Onboarding videos are outdated
I joined MGS Financial (mgs-financial.com) after hearing about them at a conference and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Excellent charting|Instant funding
Cons: Desktop app not available on Linux|Charting tools need more indicators
The platform at MGS Financial (mgs-financial.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since last summer of dealing with this, I have had enough.
Pros: Regular updates|Dedicated account manager|Good analytical tools
Cons: No dark mode on mobile|Website design could be more modern