MGFCAPITAL

MGF Capital is a forex and CFD broker registered in the United Kingdom, founded on July 17, 2025. It operates the website mgfcap.com and presents itself as an international broker serving retail and institutional clients. The broker’s website claims regulation by the Australian Securities and Investments Commission (ASIC), though FXCanary’s records do not confirm any regulatory licences. This discrepancy is a key factor for traders to consider.

According to our known facts, MGF Capital has no regulators on file. The broker’s website, however, states that it is registered with ASIC. FXCanary advises that traders should verify regulatory claims directly with the claimed authority. The lack of independently confirmed regulation places this broker in a higher-risk category, especially given its recent establishment in 2025.

MGF Capital offers four account tiers: Standard, Raw+, Elite+, and Pro. All accounts require a minimum deposit of $5,000 except the Elite+, which requires $30,000. Maximum leverage is capped at 1:100 across all account types. These high deposit thresholds indicate the broker targets experienced traders with significant capital, not beginners.

The broker provides the MetaTrader 5 (MT5) platform, accessible on desktop, mobile, and web. It advertises over 2,000 products, including forex, indices, commodities, futures, and shares. The website also mentions synthetic indices with leverage up to 1:1000, though this is not reflected in the account types listed in our records.

MGF Capital offers various payment methods through a client portal, claiming zero deposit fees. Withdrawal policies include potential charges of up to 2.6% if requested before trading, and refunds are free within six months. The broker’s financial department operates on weekdays during limited hours, which may affect processing times.

Given the high minimum deposits ($5,000–$30,000) and leverage up to 1:100, MGF Capital appears to target experienced retail traders and institutional clients. The broker markets itself to traders in Europe, Asia, Africa, and Australia, offering bilingual support. Its feature set, such as zero deposit fees and a wide product range, aims to attract active traders with substantial capital.

As an unregulated broker with a very short operating history (founded mid-2025), MGF Capital carries elevated risks. The contradiction between the website’s ASIC claim and our lack of regulatory confirmation further reduces transparency. Traders should exercise caution and conduct thorough due diligence before committing funds.