Getting to know MgBroker
MgBroker is a company registered in Poland, specializing in providing financial brokerage services through an online platform. Operating since 2018, it holds a certificate compliant with CCRFM requirements, allowing it to operate under license number JZ10054.
Brands Variety
Broker Tribunal analysts point out that MgBroker may use various names, such as Fintrust Trade, Financist Trade, Leader Money, and BerkShir. This may cause confusion among clients.
Client Categories
- Standard Client – for novice traders with assets less than 10,000 euros, offers standard commission fees: account maintenance 90 euros, 24% on credit, 100% bonuses.
- VIP Client – for experienced traders with assets ranging from 10,000 to 50,000 dollars, with improved conditions: account maintenance 50 euros, 12% on credit, 125% bonuses.
- Premium Client – for clients with assets over 50,000 dollars, with maximum limits and minimal commissions: free account maintenance, 6% on credit, 150% bonuses.
The full version of the company’s trading terms is not publicly available.
Western Conditions
Company materials are presented in English, which may hinder access for beginners. Information about MgBroker being blacklisted by the Financial Commission in May 2019 indicates unreliable data and client complaints.
One Set of Rules
MgBroker reserves the right to change the terms of the agreement without prior notice, posing additional risks to clients. The company may restrict access to accounts in case of suspected unethical activities.
Reputation Reliability
The lack of regulation of MgBroker’s activities raises questions about trust in the company.