MGSEXC has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I signed up with MGSEXC from a blog post comparing services and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Fast support response|Regular updates|Easy to use platform
Cons: Slow to add new assets|Live chat only during business hours
The platform at MGSEXC is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about eight months of dealing with this, I have had enough.
Pros: Smooth onboarding|Easy to use platform
Cons: Alert system is basic
MGSEXC changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Low minimum deposit|Fast deposits|Clean UI
Cons: Desktop app not available on Linux
My withdrawal request from MGSEXC has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Two-factor authentication|Professional team
Cons: No fractional shares
Where do I even begin with MGSEXC? for close to eighteen 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: Economic calendar|Professional team
Cons: No fractional shares