MGK GLOBAL Review Overview
MGK GLOBAL is operated by MGK Global Limited (registration LL08755), established in 2015 with its head office in Labuan, Malaysia, and an office in Kuala Lumpur. It is licensed by the Labuan Financial Services Authority (MB/12/0003); Labuan is Malaysia’s offshore financial centre, so the license carries offshore rather than onshore protections. Japanese-language support is available.
| Specification | Detail |
|---|---|
| Operating Company | MGK Global Limited |
| Established | 2015 |
| License | Labuan FSA (MB/12/0003) |
| Client Funds | Segregated, OCBC Bank Malaysia |
Accounts and Conditions
MGK GLOBAL offers a Normal account (spreads from 1.5 pips, no commission) and a SPEED account for scalpers (commission of 7 dollars per round-turn lot). Both use NDD execution on MT4 or a web trader, at up to 1:200 leverage, with a 20,000-yen minimum deposit, 0.01-lot minimum, JPY or USD denomination, and 28 forex pairs plus indices and gold and silver. Scalping, hedging, and EAs are allowed, and PAMM and MAM accounts are offered.
| Specification | Detail |
|---|---|
| Normal Account | From 1.5 pips, no commission |
| SPEED Account | $7 per round-turn lot |
| Leverage | 1:200 |
| Minimum Deposit | 20,000 yen |
Deposits and Withdrawals
Deposits are by bank transfer only, with domestic transfers handled through the Asian Pay remittance service (an Asian Pay account is required). Credit cards and online wallets are not supported. Its official materials state that losses cannot exceed the deposited amount.
Pros and Cons
| Pros | Cons |
|---|---|
| Licensed by Labuan FSA with segregated client funds | No bonuses or promotions |
| Operating since 2015 | Limited instruments and bank-transfer-only funding |
| NDD execution and MT4 | Labuan is an offshore jurisdiction |
Is MGK GLOBAL a Broker Worth Considering?
MGK GLOBAL is a comparatively transparent, long-established broker with segregated funds, suited to traders who value a licensed operator over bonuses or instrument variety. Readers should still confirm current terms directly.
FAQ
- Is MGK GLOBAL regulated?
- It holds a Labuan FSA license (MB/12/0003); Labuan is an offshore financial centre.
- What is the maximum leverage?
- 1:200.
- Does it offer bonuses?
- No.
- How can I deposit?
- By bank transfer only.
