Mgm Global Review

Read our Mgm Global review to see if we recommend this broker for trading. Just to clear doubts, this is a mgmglobal.com review.

Is Mgm Global Legit?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are infamous for scamming schemes.

So, Mgm Global is just another unregulated forex broker, which means the customers aren’t protected, and there is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.

How does the scam work?

Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try any conceivable method in order to make that happen. They will offer deals that sound too good to be true. Like we will double your initial deposit or you will make hundreds of dollars per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Mgm Global reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It doesn’t matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back Mgm Global?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you. Or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how they deceived you into depositing money for a non-regulated trading company. Mention also that they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact [email protected] but don’t let your broker know they you read this article or that you are contacting us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.

Make sure you leave Mgm Global reviews in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Mgm Global, and describe shortly what happened. If you fallen victim, please leave a review and a comment on this site at the comment section. Also, when these people change their website, they tend to call the old clients. So, if they call you from a new website, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.

Mgm Global Review Conclusions

Making the Mgm Global review was our pleasure, and we hope to save as many people from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Mgm Global review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade, please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

Was this article helpful?
YesNo
etoro

12 COMMENTS

  1. I had opened a trading account with MGM Global with US250, then after few days they asked me to invest more 1000 US or 2000 US, I refused to invest more, I asked for refund my capital US250, then some one claimed that he is the finance manager from MGM Global call me via whatapps asked me for my mobile banking USER ID and Password, said that he will help me to refund back my money, after I felt uneasy about they asked me for my mobile banking info. I called the bank, they suggest to block my mobile banking. The next day when the Finance manager realised that my mobile banking been blocked, he called me and texted that if I don’t unblock my mobile banking they will not be able to refund the money back to me. According to bank officer with my credit card number MGM Global is able to refund transfer the money to my credit card. so something is wrong. they may use my mobile banking to invest more into them.

    (1/5)

  2. omg lucky for me, the guy actually used anydesk and nearly transferred 6000 worth of crypto, but the transaction process from the crypto wallet took too long to authorize and as I was waiting, i saw this website, read the article and quickly cancelled the anydesk control and the transaction process

    (1/5)

  3. They are scammers, I invested US $250 and after several requests to have my refunds returned to me, I have never seen a cent from them. I am leaving reviews on them every where I can. Karma is a bitch and I hope they get what is coming for them!

    (1/5)

  4. Scam!!!
    If you hear anything about Mgm global run on opposite direction. Do not listen their lies. Do not invest anything because you won’t get your money out of them.
    Bunch of scammers!!!!

    (1/5)

  5. They use different tricks all the time. Like using the AnyDesk app with the excuse to show you how to manage your account.
    They want to get acres to your personal info and banking.
    They also change their names all the time.
    All is fake and stay away.

    (1/5)

  6. 100% a scam. I transferred crypto. I did a test withdrawal of a small amount which they did. I sent more crypto. I requested some money a few weeks ago. Broker, Frank Russo, made a couple of excuses for and not has gone completely silent. MGM does not respond or pick up the phone.

    (1/5)

  7. Scam!!!
    I fell hook line and sinker,
    70’000 EUR.
    No joke!!
    Careful they’re good and convincing,
    Clever cunning and ruthless.
    All my savings
    I have myself to blame, but I wanted to believe and they fooled me, I could do with some help please!!!
    Any advice on how to get a refund… would be much appreciated…

    (1/5)

    • If u did bank transfer, you could ask your bank and try for a refund by telling them how you got scammed, but I feel chances are low for u since urs is a really huge amount.

  8. Scam!!!
    I fell hook line and sinker,
    30’000 EUR.
    Careful they’re good and convincing,
    Clever cunning and ruthless.
    They used Anydesk and Revolt to scam me.
    All my savings, they also took my prearranged Overdraft and left me overdrawn by €700. .
    I have myself to blame, but I wanted to believe and they fooled me, I could do with some help please!!!
    Any advice on how to get a refund… would be much appreciated…

    (1/5)

  9. When the market is short they show you profit earned with long contract. They don’t even follow the basic market rules when cheating. They never give back your money. Don’t trust them and don’t waste your money.

    (1/5)

LEAVE A REPLY

Please enter your name here
Please enter your comment!

This site uses Akismet to reduce spam. Learn how your comment data is processed.