| Website Address | https://mgfcap.com |
| info@mgfcap.com | |
| Founded Date | Operating since 2010 |
| Head Office | not specified |
| Support Phone | not specified |
MGF Capital positions itself as an international CFD broker offering trading in over 2,000 instruments.
The company describes itself as a broker providing services to clients in Europe, Asia, Africa, Australia, and other regions.
It is claimed that the platform offers 24/7 multilingual support, high order execution speed, and a range of trading solutions for both retail and institutional traders.
The broker's website features the following domains: the main site mgfcap.com and the personal account at clientarea.mgf-capital.vip.
As of the time of this report, the broker's legal information and licenses are either absent or not publicly available on the mentioned websites.
According to the information on MGFCap's website, the registration process includes three steps:
Account Creation — filling out an online form with personal information, financial situation, and uploading an identity document.
Data Verification — KYC verification in the client portal.
Fund Deposit — topping up the account using one of the available methods.
The company states that registration is simple and tailored for users from different regions.
MGF Capital provides access to a wide range of markets:
Forex: over 50 currency pairs.
Metals: gold, silver, platinum.
Energy Resources: oil and natural gas (spot and futures).
Stocks: hundreds of publicly traded companies.
Indices: major and secondary global indices.
Futures: trading index and commodity contracts.
Additionally, the broker offers:
MetaTrader 5
WebTrader (MTTrader Webtrader)
Economic Calendar
Educational Materials
Demo Account
Partnership Program
Declared advantages include high execution speed (up to 13 ms), deep liquidity, and round-the-clock support in more than 17 languages.
The broker's website presents four main types of accounts:
Standard — the basic account on MT5 platform with leverage 1:100 and spreads starting from 1.2 pips, allowing trading from 0.01 lots with a minimum deposit of $5,000 USD.
Pro — also uses MT5, offers “all-in” spreads from 0.6 pips, leverage 1:100, and requires a minimum deposit of $5,000 USD.
Raw+ — features almost zero spreads (over 90% of the time) and charges a commission of up to $3.5 USD per lot per side, working on MT5 with a minimum deposit of $5,000 USD.
Elite+ — a premium account with zero commissions, up to 21% cashback from fees, also on MT5, with a minimum deposit of $30,000 USD.
All accounts allow trading volumes from 0.01 lots and provide access to all broker’s tools.
Regarding financial transactions, the company states:
No commissions are charged by MGF Capital for deposits and withdrawals.
Sending banks and correspondent banks may apply their own fees.
Funds sent via international bank transfers typically arrive within 3–5 business days.
GBP transfers within the UK can be credited within a day.
SEPA transfers usually arrive on the same day and have a small fee.
If the client has not made trading operations, a fee may be charged when withdrawing to electronic wallets.
The broker promises 24/7 processing of requests and customer support.
MGF Capital positions itself as an international CFD broker offering a wide range of instruments, multiple account types, and access to the MetaTrader 5 platform. It highlights many benefits: fast order execution, multilingual support, no internal operation fees, and a demo account.
However, transparent legal data and licenses are absent from the official website and other sources, which is a significant factor when assessing the broker's reliability. Users are advised to thoroughly study the risks and verify regulatory status before starting trading.
The overwhelming majority of brokers are scammers. Traders can identify illegitimate ones by using free online resources. It is essential to verify the company's registration, the licensing of its services, and its operational history. It is also important to assess the completeness and authenticity of contact information and the transparency of trading conditions.
You can consult specialists who can help evaluate the broker and identify signs of fraud, and if necessary, assist in opening an account with a reliable service provider. A knowledgeable and comprehensive approach will help avoid negative trading experiences.
First and foremost, pay attention to the content of the comments. Excessively emotional opinions without specifics may indicate paid content. Additionally, a broker's positive reputation may be indicated by mass activity on a single online portal or forum. Another sign of fake reviews is their formulaic nature. Such comments are filled with general phrases and advertising slogans. Fraudulent projects use paid content to confuse traders and lure them into cooperation.
It is important not to fall for the tricks of company representatives. This can lead to additional financial losses. With legitimate brokers, withdrawing funds is a free service that is not subject to any fees such as insurance, taxes, commissions, etc.
If you need assistance in withdrawing capital, it is advisable to consult specialists. Timely consultation with experts can help achieve positive results and withdraw funds from the brokerage account.
In the case of scam brokers, account blocking may be related to a simple refusal to withdraw funds. Clients are accused of violating agreements, money laundering, technical work on the platform, etc. Such manipulations are aimed at depriving traders of the ability to withdraw capital.
When a brokerage account or personal account is blocked, it is better to use the services of professionals . Depending on the reason for the blockage, experts can find the optimal solution to the problem.
The reasons for the inactivity of a brokerage company's presentation portal can vary widely. Blocking due to numerous complaints, cessation of project activities, inclusion in the blacklist of trading platforms — all of this can lead to access issues to the broker's site. Additionally, unstable internet connection and browser restrictions can cause improper functioning of the resource.
If the official broker's website does not open, seek help from experts. They will advise on any questions and provide recommendations for further actions.
First and foremost, it is important to ensure that there are no assets in the account and no debts to the broker. If there are instruments in the investment portfolio, they should be sold, and you should wait for the settlements to be completed. After that, you can submit a request for the withdrawal of funds and the closure of the brokerage account.
If the broker refuses to fulfill requests, it is better to consult experts. They can assist in closing the brokerage account and recovering funds through chargebacks . When preparing to dispute transactions, it is necessary to gather all available evidence of cooperation with the project. This will help increase the chances of successfully initiating refunds.
