Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

MG TRADE SOLUTIONS

Bulgaria Bulgaria | 2-5 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://mgtrades8.com/

Website

Rating Index

Contact

+359 897679082
https://mgtrades8.com/
Polyanata 21, 1252 Sofia, Bulgarie

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Bulgaria
Operating Period
2-5 years
Company Name
MG TRADE SOLUTIONS
Contact Number
+359897679082
Company Website
Address
Polyanata 21, 1252 Sofia, Bulgarie
Verified Site
Relationship Map
Related Companies
About Us
Wiki Q&A
Comment

Users who viewed MG TRADE SOLUTIONS also viewed..

CPT Markets

CPT Markets

8.53
Score
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
CPT Markets
CPT Markets
Score
8.53
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
TMGM

TMGM

8.55
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
TMGM
TMGM
Score
8.55
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
GO Markets

GO Markets

8.98
Score
20+ yearsRegulated in AustraliaMarket Making License (MM)cTrader
GO Markets
GO Markets
Score
8.98
20+ yearsRegulated in AustraliaMarket Making License (MM)cTrader
Official Website
FXCM

FXCM

9.40
Score
20+ yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
FXCM
FXCM
Score
9.40
20+ yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website

Verified Site

  • mgtrades8.com
    92.205.7.200
    Server Location
    France France
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Relationship Map

vip Subscribe in the App to unlock!
Download App
vipvip
MG TRADE SOLUTIONS

Related Companies

MG Trade Solutions(Netherlands)
Netherlands
MG Trade Solutions(Netherlands)
Suspended
Netherlands
Registration No.37160398
Est. Date
SourceOfficial Statement

Review summary

MG TRADE SOLUTIONS is a Bulgaria-registered entity that has been operating for between two to five years in the forex brokerage sector. The firm holds no valid authoritative forex trading licenses, with a WikiFX assessment score of 1.41 reflecting a significant lack of regulatory oversight and high operational risk. Due to the absence of a credible regulatory framework, client funds are not protected under standard financial compensation schemes. Traders should exercise extreme caution when considering this entity, as engaging with an unregulated broker involves considerable financial risk. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-12)

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is MG TRADE SOLUTIONS safe and reliable?

MG TRADE SOLUTIONS exhibits a high-risk profile. According to WikiFX data, the broker holds a low assessment score of 1.41, which reflects a significant lack of oversight. The firm is not subject to any recognized financial regulatory authority, meaning client funds are not protected under standard compensation schemes. Engaging with this entity involves considerable operational and financial risk.

Three days ago
United States

Is MG TRADE SOLUTIONS regulated?

No. MG TRADE SOLUTIONS does not hold any valid regulatory licenses for forex trading. The firm is registered in Bulgaria but operates without authorization from any major financial regulator such as the FCA, ASIC, or CySEC. This complete absence of credible oversight is a primary contributor to its high-risk classification.

Three days ago
United States

What is the minimum deposit of MG TRADE SOLUTIONS?

The minimum deposit requirement for MG TRADE SOLUTIONS is not explicitly listed in its public information. Without clear, standardized account information from a regulated entity, potential terms and conditions can be opaque. It is advisable to verify any deposit requirements directly and cautiously with the firm, understanding the inherent risks involved.

Three days ago
United States

Does MG TRADE SOLUTIONS support MT4 or MT5?

Specific trading platform support is not publicly detailed for MG TRADE SOLUTIONS. The WikiFX software index score is available, but the exact platforms offered (such as MetaTrader 4 or 5) are not confirmed. Typically, brokers provide this information clearly on their website; its absence here contributes to the overall lack of transparency surrounding the firm's operations.

Three days ago
United States
View More
Post a Review
Exposure
Exposure
Neutral
Neutral
Positive
Positive

Share your experience

Required...

Submit Now
Write a Review
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com