Regarding the legitimacy of MagKing forex brokers, it provides ASIC, FCA, VFSC and WikiBit, .
Is MagKing safe?
Business
License
VFSC Unverified 
Is MagKing markets regulated?
The regulatory license is the strongest proof.
ASIC Market Making License (MM)
Australia Securities & Investment Commission
Australia Securities & Investment Commission
Current Status:
UnverifiedLicense Type:
Market Making License (MM)
Licensed Entity:
UNION STANDARD INTERNATIONAL GROUP PTY LTD
Effective Date:
2006-09-14Email Address of Licensed Institution:
smonis@brifnsw.com.auSharing Status:
No SharingWebsite of Licensed Institution:
http://www.usgfx.comExpiration Time:
--Address of Licensed Institution:
SuiTe 3 G, 135 Macquarie STreeT, SYDNEY NSW 2000Phone Number of Licensed Institution:
02 8263 2300Licensed Institution Certified Documents:
FCA Forex Execution License (STP)
Financial Conduct Authority
Financial Conduct Authority
Current Status:
UnverifiedLicense Type:
Forex Execution License (STP)
Licensed Entity:
Effective Date:
2018-11-05Email Address of Licensed Institution:
compliance@ukusg.co.ukSharing Status:
No SharingWebsite of Licensed Institution:
https://www.ukusg.co.uk/Expiration Time:
2022-12-16Address of Licensed Institution:
75 King William Street London EC4N 7BE UNITED KINGDOMPhone Number of Licensed Institution:
+4402078463712Licensed Institution Certified Documents:
VFSC Forex Trading License (EP)
Vanuatu Financial Services Commission
Vanuatu Financial Services Commission
Current Status:
UnverifiedLicense Type:
Forex Trading License (EP)
Licensed Entity:
Effective Date:
2020-01-13Email Address of Licensed Institution:
--Sharing Status:
No SharingWebsite of Licensed Institution:
--Expiration Time:
--Address of Licensed Institution:
--Phone Number of Licensed Institution:
--Licensed Institution Certified Documents:
MagKing Similar Brokers Safe
Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license.
MagKing latest industry rating score is 1.52, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 1.52 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.