MgBroker
About MgBroker
MgBroker is a reputable financial brokerage firm based in Poland, offering a wide range of brokerage services through its advanced online platform. Established in 2018, the company is fully licensed and compliant with CCRFM regulations, operating under license number JZ10054.
Range of Brands
Broker Tribunal analysts have identified MgBroker operating under several brand names, including Fintrust Trade, Financist Trade, Leader Money, and BerkShir. This diverse branding strategy may lead to some confusion among potential clients.
Client Segmentation
- Standard Client – tailored for new traders with assets below 10,000 euros, offering standard commission rates: 90 euros for account maintenance, 24% on credit, and up to 100% bonuses.
- VIP Client – designed for experienced traders holding assets between 10,000 and 50,000 dollars, providing improved conditions including 50 euros for account maintenance, 12% on credit, and bonuses up to 125%.
- Premium Client – catering to high-net-worth individuals with assets exceeding 50,000 dollars, offering premium benefits such as free account maintenance, 6% on credit, and bonuses up to 150%.
Full details of the company’s trading terms are available upon request.
Global Accessibility
MgBroker’s materials are primarily presented in English, which may present challenges for non-English speaking users. Reports of MgBroker being flagged by the Financial Commission in May 2019 raise concerns regarding data accuracy and client satisfaction.
Transparent Policies
MgBroker maintains the right to modify agreement terms without prior notification, introducing potential risks to its clients. In cases of suspected unethical behavior, the company reserves the right to restrict account access.
Trustworthiness and Reputation
Due to the absence of clear regulatory oversight, questions regarding MgBroker’s trustworthiness and reliability have been raised within the industry.
This review has been prepared by the specialists at ExpertsReview.