Brokers  /  MGI-FX.com

MGI-FX.com

Moderate riskForex / CFD broker
🇬🇧 United Kingdom · 5-10 years · since 2021-05-06 · MGI-FX LIMITED
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.52/10
Trustpilot/5
Forex Peace Army/5
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No sign that MGI-FX.com actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
45
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)7810%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMGI-FX LIMITED
Headquarters🇬🇧 United Kingdom
Founded2021-05-06
Years operating5-10 years
Employees0
Official websitemgi-fx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
KEMP HOUSE, 160 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

MGI-FX.com is an unregulated UK-registered company with no verifiable trading platform or public presence. The lack of regulatory oversight and absence of operational details make it a high-risk entity unsuitable for retail investors. We strongly recommend avoiding any business with this broker until it demonstrates full regulatory compliance and transparent operations.

Best for
  • Traders willing to accept extreme risk with unregulated brokers
  • Experienced professionals seeking speculative opportunities
Not for
  • Beginner traders
  • Anyone seeking regulated protections like FCA compensation
  • Investors requiring transparent fee structures or support
Period:

Real user reviews

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About MGI-FX.com

Company Overview

MGI-FX.com is a forex and CFD broker registered in the United Kingdom. The company was founded on 6 May 2021 and lists its registered address as Kemp House, 160 City Road, London, EC1V 2NX, United Kingdom.

According to the UK Companies House, the entity is registered as a private limited company. However, our review found no evidence of an operational website or publicly available trading platform details. The broker does not appear to have an active online presence beyond its registration records.

Regulation and Safety

A critical point for potential traders is that MGI-FX.com holds no recognised financial regulator licence. Our records show no authorisation from the Financial Conduct Authority (FCA) or any other regulatory body.

This lack of regulatory oversight means traders have no recourse to a compensation scheme or ombudsman in the event of disputes or financial loss. The absence of regulation is a significant risk factor, especially for retail clients.

Trading Offerings

Due to the limited independent information available, it is unclear what instruments MGI-FX.com offers. The broker's domain name suggests a focus on forex and possibly CFDs, but no official list of tradable assets has been verified.

Similarly, details about trading platforms, account types, and execution methods are not publicly available. Traders should exercise extreme caution when dealing with a broker that does not transparently disclose its services.

Account Types and Platforms

We were unable to find any information on account types, minimum deposits, or spreads from MGI-FX.com. The official website appears to be either inactive or inaccessible.

Without confirmed details on account tiers, leverage, or platform software (e.g., MetaTrader 4/5), it is impossible to assess the trading conditions. This opacity is a major red flag for any potential investor.

Deposits and Withdrawals

No deposit or withdrawal methods have been listed by MGI-FX.com in any public record we can access. Typical brokers would provide information on bank transfers, credit cards, or e-wallets.

The absence of such basic financial infrastructure suggests that the broker may not have operational payment processing. Clients should be wary of providing any payment information.

Customer Support

We found no customer support channels for MGI-FX.com, such as phone numbers, email addresses, or live chat. The registered address is a standard virtual office location (Kemp House on City Road), which is commonly used for incorporations but not necessarily for actual business operations.

A lack of verifiable customer support is a strong indicator of a high-risk entity. Traders should expect difficulty in resolving any issues.

Conclusion

MGI-FX.com is a UK-registered company with no regulatory oversight and no accessible public information about its trading services. The broker's profile suggests it is either dormant or a shell entity.

For traders, the combination of no regulation, an inactive website, and no verifiable operations makes this broker extremely risky. We advise extreme caution and recommend avoiding any engagement until transparent and authorised information is provided.

Overview compiled by FXCanary from regulatory records and public data. full MGI-FX.com review