Global Broker Regulation Inquiry App
WikiFX
Xxpro 
1-2 years
Is MGK International a regulated broker?
Broker Issues
Regulation
08-03
United States
WikiFX
Reply
MGK International claims to be regulated by the Labuan Financial Services Authority (LFSA) of Malaysia with license number MB/12/0003. However, its regulatory status is unverified, which makes me cautious. I prefer brokers with fully verified regulatory status to ensure safety and legal compliance, so the unverified label here raises concerns.
Similar Questions
Is Shikoku overseen by any regulatory agencies, and if so, which ones?
J Forex Trader
08-11
Is Neomarkets overseen by any regulatory bodies, and if so, which financial authorities are responsible for its regulation?
Shoofar
09-05
What happens if a broker loses its regulatory license?
Ashraf20
06-06
What are the pros of Antos Pinnacles being regulated?
Interbank Trader
05-25
Can you highlight the main advantages E-Global offers in terms of its available trading instruments and its fee system?
edgeisedge
09-06