Review summary
MagKing Global Limited, operating as MagKingFX, is a forex broker registered in Hong Kong with an operational history estimated between 5 to 10 years. The entity does not hold any recognized forex trading licenses from major financial authorities, categorizing it as an offshore entity operating without mainstream regulatory oversight. According to WikiFX data, this status contributes significantly to its overall low WikiFX Score of 1.53 out of 10. Trading accounts feature highly aggressive leverage, offering up to 1:888 on deposits up to $20,000, and maintain very low minimum deposits of $5 for its Standard and Micro accounts. The lack of credible regulatory supervision and the capacity for extreme leverage represent significant risk factors for traders. A user on the WikiFX platform has published an exposure post related to this broker. 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: 2026-04-04)
