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No Regulation
Score
1.33 /10
Danger
Mgmex
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 7
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index5.62
Risk Management Index0.00
Software Index4.00
License Index0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
3
Previous Detection :
2025-05-04
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
Exposure
7 pieces of exposure in total Pyramid scheme complaint
ExposeNote: Mgmex's official website https://www.mgmexport.com/#/ is currently inaccessible normally.
| MgmexReview Summary | |
| Founded | 2018 |
| Registered Country/Region | United States |
| Regulation | No regulation |
| Market Instruments | Commodity Futures |
| Demo Account | / |
| Leverage | / |
| Trading Platform | Mgmex Platform APP |
| Min Deposit | / |
| Customer Support | 24/7 live chat |
Mgmex is a commodity futures trading company which was registered in 2018 in the United States. It is not regulated, and detailed information is limited. This company uses its own trading platform, and it offers 24/7 live chat services. Since it lacks regulation, potential risks cannot be ignored.
Pros and Cons
| Pros | Cons |
| None | Lack of regulation |
| Unavailable website | |
| Limited information |
Is Mgmex Legit?
Mgmex is not regulated by the financial services regulatory authority in the United States. Moreover, the current status shows that client transferring is prohibited.
What Can I Trade on Mgmex?
Mgmex is a commodity futures company, and the products offered by it include USOil, XAGUSD, UKOil, NGAS, NG0W, HO0W, RB0W, and G0W.
Trading Platform
| Trading Platform | Supported | Available Devices |
| Mgmex | ✔ | Mobile (iOS, Android) |
7
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