Review summary
MBG Markets, operating under the entity name MEDAL BRAVERY GOLD LTD, is a brokerage established for 5-10 years and is registered in Australia. The firm's business scope is flagged as suspicious, and a critical assessment confirms it holds no valid forex trading licenses from major regulatory bodies. Its operational framework is that of an unregulated, high-risk entity, lacking authoritative financial oversight. With a low WikiFX overall score of 1.53, this presents a severe risk warning for potential traders. Public forums currently show no significant user exposure, but this does not mitigate the fundamental absence of a licensed and supervised trading environment. 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: 2026-03-19)
FX3733183497
United States
Unable to withdraw. They said they are the subsidy of MBG. I exposed their lie and they blacklisted me. Do not trust them
Exposure
空白7461
Singapore
I thought the withdrawal can arrive after paying trusteeship fee. But now tax is needed.
Exposure
空白7461
Singapore
The money is my hard-earned money and some was borrowed from my friends. Individual income tax is deeded after paying custody fee. When can it be ended? Is this contact legal?
Exposure
空白7461
Singapore
Withdrawing so much money, but the withdrawal has not arrived in the bank account. I just paid 31% of the custody fee and then paid 15% of the personal income tax before withdrawing the money. Pure scammers, I hope everyone will not be deceived again. They cheated me of money for more than 12,000 US dollars.
Exposure
FX2176905220
Taiwan
At the last moment when I had to withdraw money, they told me I should pay 18% tax, saying that it was because the trading center declared that I was a local identity, but I was not a local person and I had to pay it, otherwise I would not be able to enter the account. Since it’s okay to help so many people handle withdrawals and deposits, why is it me who have a problem? I paid almost 800,000 Taiwan dollars. Returned my money
Exposure