✔️ Information reviewed and updated in October 2024 by Eduardo López
IS MGS A RELIABLE BROKER? REVIEWS
In this post, I will be analyzing MGS. Is the forex, stocks, indices and cryptocurrencies broker MGS (with website mgsmzz.net) really reliable? Is it wise to invest your money with this company? Let's take a closer look at this company.
I will explain why I consider MGS to be a company WITH POOR SECURITY AND LOW TRUST. BE VERY CAREFUL WITH THIS TYPE OF COMPANIES!
ℹ️ BROKER DATA:
It is crucial to consider two important aspects: (1) the regulation of the company and (2) its location. These factors are essential to assess the seriousness and reliability of any entity.
Is the company unregulated or regulated in a country with lax standards? Does it not provide clear information about its location? These are key questions to consider when evaluating trust in a company.
Information | About the company |
---|---|
(I.e. Company | Managed Global Securities Trade Ltd (MGS) |
???? Address | 1312 17th Street Suite 1402, Denver, CO 80202, United States – 20 W 38th ST, New York, NY 10001, USA |
📄 Attend the event | Colorado State License: No. 20241273956 FinCen License: No. 31000266012111 NFA License: No. 0562709 |
🛡️ Regulapain | Financial Crimes Enforcement Network (FinCen) under the U.S. Department of the Treasury. National Futures Association (NFA) (ID: 0562709) |
???? Live Chat | No |
🌐 Website | mgstrade.ne, mgstra.net, mgsmzz.net |
🕑 Website age | Your registration date was: December 17, 2023 (very recent) |
❓ Company type | Forex, stocks, indices and cryptocurrencies broker |
(I.e. Payment | Not mentioned |
️ ️ Telephone number | Does not have |
Does not have |
📞 PHONE NUMBERS:
No contact phone number is provided. The absence of accessible means of communication is a worrying sign. It is unusual for a serious company.
💰 DEPOSITS AND ACCOUNTS:
MGS does not provide a variety of account types.
🌐 WEBSITE:
Here is an overview of the company's website, accompanied by a brief analysis:
- Age of the website: The domain “mgsmzz.net” was registered on December 17, 2023, which indicates that it is a fairly new website. 🚩
- The company is mentioned on the website, but I have not found any reference to “Managed Global Securities Trade Ltd” in official records. This suggests that it could be a fictitious entity. 🚩
- Although the company claims to be regulated in United States, this information appears to be misleading. The company seems to be trying to present itself as regulated without actually being so. 🚩
⭐ MGS REVIEW:
After a detailed examination of the company, I have come to the following observations:
1) Although the company claims to be based in the United States, it seems to be trying to hide its true location. I advise you to be extremely cautious.
2) The company claims to be regulated in the United States, but this appears not to be true. All indications are that it is posing as a regulated entity.
3) The company's age seems to be very short. I have verified that the domain “mgsmzz.net” was registered on December 17, 2023, so it is quite recent.
4) The company's online reputation is very negative; I have found multiple complaints from users.
“To be honest, I would not recommend investing in this company – it falsely claims to be regulated in the US and also mentions that it belongs to a company called Managed Global Securities Trade Ltd, which appears to be non-existent. I cannot recommend such a company.”
💬 WHAT TO THINK ABOUT A COMPANY LIKE MGS?:
The MGS broker, with the domain “mgsmzz.net” registered on December 17, 2023, is a relatively new website. This recent age may be a warning sign, as brokers that have been in business for a short time often lack a proven track record and could pose additional risks.
The MGS website mentions that it is owned by “Managed Global Securities Trade Ltd”, but I have not found any information about this company in official records, suggesting that it could be a fake entity. Furthermore, although the company claims to be regulated in the United States, this statement appears to be misleading. The lack of verifiable information about its actual regulation and location reinforces the idea that it could be trying to present an image of legitimacy without meeting the necessary standards.
MGS's online reputation is very negative, with several customer complaints already documented. The combination of its short track record, lack of verifiable information, and poor reputation suggests that it is an untrustworthy broker. It is recommended to proceed with extreme caution and consider more established and verifiable options before investing with MGS.
📣 LATEST UPDATES:
At the moment there are no updates.
✔️ CLAIM MONEY FROM MGS:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can recover your capital.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT MGS:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
Managed Global Securities Trade Ltd (MGS) is a broker that provides access to a variety of financial products. They offer Contracts for Difference (CFDs) on assets such as currencies, stocks, indices and cryptocurrencies.
Based on the characteristics and information available about MGS, there are reasons to believe that it could be a scam. The assessment suggests that the company may present significant risks, so it is wise to proceed with caution and conduct thorough research before getting involved.
MGS appears to have aspects that may make it an unreliable option. The observed characteristics indicate that the company may not offer the expected level of security and transparency. It is advisable to be cautious and explore safer alternatives.
If you have lost your money or been scammed, I recommend you try the capital recovery service.
If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month. .
I have been scammed so we are not allowed to withdraw within 10 business days due to legal issues
Hello Matías, MGS is a SCAM, we are receiving many complaints from investors, they do not return the money, you should never invest in a broker without REGULATION.
They create positive comments of their own to confuse investors and pose as a serious and legal company but everything is invented and if you mention our review they say that we are the competition and that is not true (we only do reviews of brokers).
When you request a withdrawal of capital or benefits, if they make excuses and force you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.
If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you
Greetings.
This company will not refund your money. I know firsthand, don't do it, listen to me.
Hi Asher, MGS is a SCAM, we are receiving many complaints from investors, they do not return the money, you should never invest in an unREGULATED broker.
They create positive comments of their own to confuse investors and pose as a serious and legal company but everything is invented and if you mention our review they say that we are the competition and that is not true (we only do reviews of brokers).
When you request a withdrawal of capital or benefits, if they make excuses and force you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.
If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you
Greetings.