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Fraud Disclaimer
Forex Fraud Warning
The Commodity Futures Trading Commission ("CFTC"), has issued a consumer warning on foreign currency trading fraud. This warning contains helpful advice on how to avoid being a victim of trading fraud and can be accessed over the web at http://www.cftc.gov/enf/enfforex.htm. MG Financial Group strongly advises all prospective clients to view this warning.
The CFTC also advises people who are considering trading spot forex to be aware that the CFTC has the jurisdiction to investigate and impose penalties on firms that are unregulated and/or are committing fraudulent acts. You can read the entire warning on this page: www.cftc.gov/opa/enf98/opaforexa15.htm.
Why MG Financial Group is Different
MG Financial Group is dedicated to adhering to the directives and publications of the government's regulating authorities. In particular, MG has made a commitment and registered as a Futures Commission Merchant (FCM) with the CFTC and is a member of the National Futures Association (NFA).
We strongly believe that our existence and growth can be attributed to our in-house practices that focus on the protection of our clients' assets. Our adherence to anti-money laundering policies and professional dealing etiquette is the main contributor to our exceptional reputation throughout the industry. In addition, our risk management team, which combines elite bank traders with veteran risk managers, has formed one of the most prolific dealing desks in the online forex industry.
Since 1992, our organization has remained successfully in business thanks to our personal integrity and know-how. We look forward to meeting the future's ever-growing changes with as much fervor and anticipation as we did in our first 10+ years of business.
The transactions you are entering into with MG Financial Group are not traded on an exchange. Therefore, under the U.S. Bankruptcy Code, your funds may not receive the same protections as funds used to margin or guarantee exchange-traded futures and options contracts, which receive a priority in bankruptcy. Read the full Risk Disclaimer.
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