Company Profile
| MGK InternationalReview Summary | |
| Founded | 5-10 years |
| Registered Country/Region | France |
| Regulation | Regulated by LFSA (Suspicious Clone) |
| Demo Account | ❌ |
| Trading Platform | MT4 |
| Customer Support | Email: info@mgk-global.com |
MGK 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 Cons
| Pros | Cons |
| Offers three account types | Suspicious clone |
| Provides MT4 trading platform | Demo account unavailable |
| Offers six deposit methods | No information on available trading products |
Is 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.
| Features | Normal Account | SPEED Account | MAM & PAMM Accounts |
| Target Users | General traders and EA programmers | Veteran traders and fast execution needs | Fund managers and investors |
| Trading Method | Non-Dealing Desk (NDD) | Non-Dealing Desk (NDD) | Non-Dealing Desk (NDD) |
| Backtesting Function | Available on MT4 with historical data | Not specified | Not specified |
| Leverage Flexibility | Standard | Flexible, allows customized leverage options | Flexible, adjustable for sub-accounts |
| Trade Execution Speed | Regular execution | Super-fast, minimal delays | Depends on manager's settings and allocation method |
| Spread & Commission | Excellent rates and narrow spreads | Low spreads, fast execution | Cheaper commission and spreads |
| Performance Fees | Not applicable | Not applicable | Automatically deducted based on contract terms |
| Order Allocation | No allocation system | No allocation system | Allocated based on percentage or fixed lots |
| Account Flexibility | Standard trading flexibility | Fast execution with minimal server interference | More flexibility in risk allocation and trade sizing |
| Withdrawals | Client‘s discretion | Client’s discretion | Manager cannot withdraw; clients manage deposits and withdrawals |
| Additional Features | Supports 5 daily bars for accurate EA operation | Sophisticated algorithms for quick execution | Low operating costs due to investor-manager relationship |
Trading Platform
MGK International supports MT4 but does not support MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Mobile and Desktop（Windows & macOS） | Beginner |
| MT5 | ❌ | Mobile and Desktop（Windows & macOS） | Experienced Trader |
Deposit 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.
