MGK International Forex Broker

MGK InternationalReview SummaryFounded5-10 yearsRegistered Country/RegionFranceRegulationRegulated by LFSA (Suspicious Clone)Demo Account❌Trading PlatformMT4Customer SupportEmail: info@mgk-global.comMGK International Information MGK International, founded 5-10 years ago, is registered in France. The broker offers three account types, provides the MT4 trading platform, and supports six deposit methods, making it a versatile choice for traders. However, its regulatory status is suspicious clone.Pros and ConsProsConsOffers three account typesSuspicious cloneProvides MT4 trading platformDemo account unavailableOffers six deposit methodsNo information on available trading productsIs MGK International Legit ? MGK International is regulated by the Labuan Financial Services Authority (LFSA) of Malaysia and holds license number MB/12/0003. However, its regulatory status is suspicious clone.Account Type MGK International offers three main account types: Normal Account, SPEED Account, and MAM/PAMM Accounts.FeaturesNormal AccountSPEED AccountMAM & PAMM AccountsTarget UsersGeneral traders and EA programmersVeteran traders and fast execution needsFund managers and investorsTrading MethodNon-Dealing Desk (NDD)Non-Dealing Desk (NDD)Non-Dealing Desk (NDD)Backtesting FunctionAvailable on MT4 with historical dataNot specifiedNot specifiedLeverage FlexibilityStandardFlexible, allows customized leverage optionsFlexible, adjustable for sub-accountsTrade Execution SpeedRegular executionSuper-fast, minimal delaysDepends on manager's settings and allocation methodSpread & CommissionExcellent rates and narrow spreadsLow spreads, fast executionCheaper commission and spreadsPerformance FeesNot applicableNot applicableAutomatically deducted based on contract termsOrder AllocationNo allocation systemNo allocation systemAllocated based on percentage or fixed lotsAccount FlexibilityStandard trading flexibilityFast execution with minimal server interferenceMore flexibility in risk allocation and trade sizingWithdrawalsClient‘s discretionClient’s discretionManager cannot withdraw; clients manage deposits and withdrawalsAdditional FeaturesSupports 5 daily bars for accurate EA operationSophisticated algorithms for quick executionLow operating costs due to investor-manager relationshipTrading Platform MGK International supports MT4 but does not support MT5.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Mobile and Desktop（Windows & macOS）BeginnerMT5❌Mobile and Desktop（Windows & macOS）Experienced TraderDeposit and Withdrawal MGK International offers six deposit methods, including bitwallet, wire transfer, BXONE, Bitcoin (BTC remittance), Ethereum (ETH remittance), and USDT (Tether remittance). The minimum withdrawal amount is US $50.00 (after transfer fees). For bitwallet and BXONE, a dedicated account is required, with processing times of 24 hours and an unspecified timeframe, respectively. Wire transfers typically take 2-3 business days, while Bitcoin, Ethereum, and USDT deposits do not require a dedicated account and are reflected within 1-2 business days.