MGM Global Review – Why should you trust this broker?
| General Information |
|
|---|---|
| Broker Name: | MGM Global |
| Broker Type: | Forex & CFDs |
| Country: | UK |
| Operating since year: | N/A |
| Regulation: | N/A |
| Address: | 5 Harbour Exchange E14 9GE. |
| Broker status: | Active |
| Customer Service | |
| Phone: | 442039961490 |
| Email: | N/A |
| Languages: | English |
| Availability: | N/A |
| Trading | N/A |
| The Trading platforms: | Proprietary |
| Trading platform Time zone: | N/A |
| Demo account: | No |
| Mobile trading: | Yes |
| Web-based trading: | Yes |
| Bonuses: | Yes |
| Other trading instruments: | Yes |
| Account | |
| Minimum deposit: | $250 |
| Maximal leverage: | 1:400 |
| Spread: | Floating From 0.0 Pips |
| Scalping allowed: | Yes |
General Information & First Impressions of MGM Global
MGM Global is a brokerage that provides various trading and investing services to clients around the globe. Its main upsides are a streamlined and straightforward customer experience, powerful features, and a long-term orientation. As you know, these are all significant advantages for traders, making the broker attract a good bit of attention. Our MGM Global review will go over its most important conditions and present the broker.
However, that’s not nearly the end, as CFDs by themselves lower costs significantly. They allow the broker to structure service costs via spreads, lowering trading expenses for the vast majority of traders. Additionally, the broker doesn’t add any extra fees, so there are no added costs to using it.
And one thing we haven’t mentioned in our MGM Global review is the broker’s versatility. It offers seven different accounts, with two VIP options, covering every group of traders. The broker is also fairly accessible, only requiring a $250 initial deposit.
As such, the broker covers all the bases and, even at a glance, looks fantastic. It made us eager to continue exploring for our mgmglobal.com review.
Account and Fund Security
Before we carry on with the other service details, we need to run a security checkup. Sadly, the online brokerage world is dangerously littered with scammers, to the point where users need to practice extreme caution. That’s because even brokers that aren’t scams, regulated brokers, employ borderline malicious marketing and business tactics.
Of course, that makes the customer experience much more miserable and makes it much more difficult to engage with a broker. It also creates a bit of a minefield, especially for newer traders who may not recognize scam warning signs. Altogether, the situation isn’t great.
That’s why we’ve chosen this part of our MGM Global review to analyze its security. We also recommend doing your own research, as all we’re doing is providing a baseline.
However, we’re glad to say that, during our investigation, the broker didn’t show any malicious intent. Furthermore, it has numerous reassuring features and qualities.
Additionally, the brokerage operates from the UK. As you know, that means it’s under the eye of a lot of the world’s leading regulators. In other words, that further lowers the chance of anything malicious going on. If the broker were fraudulent, it would be very detrimental for it to put in all that effort to make customers feel safe. As such, we’re entirely confident that you won’t face any security issues at all.
Account Info at MGM Global
As we said earlier in our mgmglobal.com review, the broker offers its users seven different accounts. They rank from Bronze to VIP +, and each requires users to reach a particular level of deposits. We like that structure, as it effectively reduces the account costs to nothing.
Of course, we aren’t going to pretend that everyone can easily meet the higher account requirements. That’s why we need to judge the experience at each tier separately, as that’s the only way to cover the full spectrum of traders.
Additionally, there’s an extremely useful bonus that you can use to double your initial deposit. The broker will double whatever you deposit, so higher initial investments are encouraged.
Altogether, account diversity meaningfully contributes to the service. Here are the exact details of the accounts on mgmglobal.com:
Bronze
- Minimum deposit requirement: $250
- Dedicated Account Manager
- Introduction to Trading Platform
- Guidance on Risk Management Strategies
- Educational Sessions on Fundamental Market Concepts
Silver
- Dedicated Account Manager
- Introduction to Trading Platform
- Guidance on Risk Management Strategies
- Foundational Market Education Sessions
- Customized Trading Alerts
Gold
- Dedicated Account Manager
- Introduction to the Trading Platform
- Strategies and Guidance for Risk Management
- Fundamental Market Education Sessions
- Personalized Trading Alerts
- Risk-Free Trades
- Hands-on Guided Trading Sessions
Premium
- Assigned Personal Account Manager
- Introduction to the Trading Platform
- Guidance on Risk Management Strategies
- Fundamental Market Education Sessions
- Customized Trading Alerts
- Trades with Zero Risk
- Hands-on Guided Trading Sessions
- Qualify for the MGM Global Managed Account Service
Platinum
- Dedicated Account Manager
- Introduction to the Trading Platform
- Assistance with Risk Management Strategies
- Foundational Market Education Sessions
- Customized Trading Alerts
- Trades without Risk
- Interactive Guided Trading Sessions
- Qualify for the MGM Global Managed Account Service
- Enhanced Leverage Opportunities
VIP
- Become a Member of the Broker’s Elite VIP Trading Club to Enjoy Exceptional Returns on Your Investment!
- Benefit from unrestricted entry to the brokerage’s esteemed trading team within a private Telegram group. The top-notch trading experts of the broker will share trades, trading strategies, and risk management strategies. Gain a competitive edge that only a select few traders possess.
VIP +
- Invest Today, Benefit Tomorrow!
- Investors with Managed Accounts witness exceptional returns on their investments. Presently, the broker extends an opportunity for you to explore the Managed Account services firsthand with a 30-day trial period. If you seek a remarkable return on investment (ROI), schedule a consultation with your dedicated Account Manager to experience the benefits of the Managed Account.
MGM Global’s Trading Platform
As previously mentioned in our review of MGM Global, the broker utilizes an exclusive platform. It offers a fantastic service, especially when you account that you get double funds from the broker’s bonus.
MGM Global Review: Conclusion
As we said numerous times in our MGM Global review, the brokerage offers a fantastic service across all levels. It’s versatile, with numerous asset types, numerous choices in each type, and seven accounts. Also, their customer service is efficient and available 24/7.
Its bonus guarantees a positive initial experience, which you can then take to become an entirely self-sufficient trader. It’s also secure, without any indication of malicious behavior toward its customers.
If you’re in search of a new broker, we’d wager MGM Global is up your alley. Give it a shot, as we’re sure you’ll be satisfied.
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Satisfied
I would not consider using any other broker. I am satisfied with this broker’s signals and services. Happy to recommend.
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Wonderful forex broker
The most wonderful broker to trade forex. They’ve proven excellent in market forecast. I get good profit trading with them and I am happy with the services.
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The best broker
One of the best among the brokers I have traded with. The signals are really amazing.
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Accurate signals
Faster execution than the rest of the brokers I have dealt with. Signals are accurate and they address all concerns promptly.
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Great customer service
The best customer service, they are willing to help me anytime. They are resourceful and efficient.
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Good instruments
There are so many good trading instruments to choose from. All are affordable and profitable.
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Great services
Fast and easy withdrawals. Great services, highly recommended broker for forex trading.
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Great forex tools
Great forex tools and signals. They provide not only profitable signals but also updated market news and forex educational materials.
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