✔️ Information reviewed and updated in May 2024 by Pedro Martínez González
In this section we will analyze the broker mag king (also called magkingfx.com or mk-forex.com), is a Forex, Cryptocurrency and CFD broker. Is MagKing really recommended to make an investment? Or is it better not to invest with this company? ⛔ Is it a safe broker? Is a gotcha? We will help you determine it. ✅
You may be wondering why we are reviewing MagKing. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
✅ The broker mentions being part of: MagKing Global Limited (MagKing Forex Instruments Limited, MagKing Global Limited, MagKing Point of Financial Instruments UK Limited, MagKing Point of Financial Instruments Pty Ltd and MagKing Point MENA Limited) and Union Standard International Group Ltd.
✅ Regarding its location, the broker mentions being based in: Hong Kong and Saint Vincent and the Grenadines.
✅ If we analyze broker regulation, the broker mentions several minor regulations, but none of these are important enough to take into account.
📌 Remember: the best (and safest) option are regulated brokersas they must meet very strict requirements. Work with an unregulated broker it is very risky. 📌
If now we go on to analyze account types that MagKing offers, we note that it offers a Real account and a Demo account.
Las platforms to operate that MagKing offers are: platforms MT4, MT5 and XM Web Trader
We will now analyze the different resources and aids for traders that MagKing provides on its website. We believe that the resources and help provided on the website can be a great point in favor of the broker.
MagKing provides the following aids or resources to traders or interested parties: information about the services it offers, explanation of some important concepts, not really much more than this.
| Other information about mag king |
Some more information in case you want to contact the company, or see its website for yourself.
Website: magkingfx.com | mk-forex.com | magking.com | forex80.com | forex43.com | forex40.com | usgmk.com
Telephone: does not have
Email: [email protected]
>>> Assessment on mag king <<
Ending with this section, in our opinion Do we believe that the company mag king is trustworthy? Should you invest your money with the company?
After analyzing it, we recommend to be cautious, since it is a broker that, despite being regulated, is located in one of the most insecure countries for these activities (Hong Kong), in addition, when looking for reviews about MagKing we find many that are negative and have fun about this broker. We suggest using caution.
⛔ Attention ⛔ : in March 2021 AFM (Netherlands) added magnifying to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to AFM's March 2021 warning ⚠️
⛔ Attention ⛔ : in April 2021 BCSC added magnifying to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to BCSC's April 2021 warning ⚠️
⛔ Attention ⛔ : in September 2021 CNMV added magnifying to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the CNMV September 2021 warning
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”979 ″]
I warn everyone that this broker has been denounced by CNMV, they are scammers, they will never refund their money
Hi Erik, thanks for commenting on MagKing. This broker is a SCAM. The CNMV (Spanish Financial Regulator) has already warned about them, due to fraud and not being regulated (See CNMV link). Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
Magking is a scam !!!! Avoid at any cost !!! Don't deposit your money, you will lose it all !!! It is a Chinese scam. Chinese women are luring man through dating sites into depositing money on various websites which are all scam. They are very convincing. But later on it is impossible to withdraw! Avoid at any cost and save yourself !!!!!
Hello, thank you for sharing your experience with MagKing. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it. They always try to manipulate you, they will not return your money, neither the initial one nor if you send them later you will not see it anymore, try to claim through our chat.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
I WAS STOLEN, I WANT TO WITHDRAW MY MONEY AND MY WITHDRAWAL REQUESTS ARE NOT ANSWERED. WHAT CAN BE DONE? ANY WAY TO WITHDRAW?
Hello Aldana, thank you for sharing your experience with MagKing. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it. They always try to manipulate you, they will not return your money, neither the initial one nor if you send them later you will not see it anymore, try to claim through our chat.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.