Company Information

Get to know Mapalo Chitwaka

MCG Markets, founded by Mapalo Chitwaka, is the trading name for MCG MARKETS (PTY) LTD, an authorized Financial Service Provider (FSP No. 51893) regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The company operates as a financial brokerage firm offering retail clients access to trade a wide range of financial instruments, including Forex, Indices, Commodities, and Cryptocurrency CFDs. Their services are delivered through the popular MetaTrader 5 (MT5) trading platform, focusing on providing competitive spreads, fast execution, and dedicated customer support.

Industry

Forex Retail BrokerPRIMARY
Financial Other Service

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Mapalo Chitwaka

Zambia

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.