MGMC is authorized and regulated by the Financial Services Commission(FSC), current status is Revoked, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with MGMC.

　　After a Whois query, we found that this company's domain name is for sale, which shows that this company has not registered it securely.

Downsides of MGMC

• Unavailable Website

　　MGMC's official website is currently inaccessible, raising concerns about its reliability and accessibility.

• Lack of Transparency

　　Since MGMC does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

• Regulatory Concerns

　　The FSC regulates MGMC. However, the Revoked status is less safe than a regulated one.

• MGMC Reviews

　　According to a report on WikiFX, few users from Australia and Taiwan believe the company turned into a gambling website. You may visit: https://www.wikifx.com/en/comments/detail/Co202212136681494198.html.

Conclusion

　　MGMC Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Revoked status and unregistered domain name indicate that this brokers trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.