Reported as a scam / unregulated
Why MGCCKJ is on the register
MGCCKJ claims to be an excellent independent financial derivatives and foreign exchange trading service provider in Hong Kong, which is authorized and regulated by the Hong Kong Securities And Futures Commission (SFC) and the Australian Securities & Investments Commission (ASIC). However, we did not find any match results to MGCCKJ in the above two watchdogs’ registries. The regulatory info this broker claims are false statements for unsuspecting traders. The truth is that MGCCKJ is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.