SECPakistanTier 1Licence number
BRP-335
View licence record- Licence holder
- Held by MGM
- Licence type and regime
- Financial Service
Not checkedUpdated
At a glance
Regulation on record for MGM
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
MGM has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for MGM, strongest authority first.
1 record
- SECPakistanTier 1
Protection
What this licence protects
SEC's own rules for the firms it authorises.
- Compensation schemeSIPC insures up to $500,000 per customer (including $250,000 cash)
- Complaints routeSEC Tips/Complaints/Referral
- Maximum leverage1:50
Frequently Asked Questions
Questions about the licences held by MGM
Answered from the register entries on this page.
Most Popular Questions
MGM trading platform (web & app) – internal proprietary system mentioned; not standard MT4/MT5.
MGM Securities offers customer support via phone and live chat during business hours. They provide support in English and can be contacted through email at mgmsecurities@mgm-lse.com. Their office is located in Lahore, Pakistan.
MGM Securities does not charge commissions on trades.
MGM Securities supports several funding methods including bank wire transfers, Neteller, Skrill, Visa, Mastercard, and mobile money payments. Deposits and withdrawals via e-wallets and credit cards are typically instant and incur no fees, while bank wire transfers and mobile money payments have processing times measured in hours with no specified fees.
MGM Securities (Pvt) Ltd is regulated by the Securities and Exchange Commission (SEC) of Pakistan under license number BRP-335. The SEC is a tier 1 onshore regulator, providing a medium level of transparency and client fund insurance up to $500,000 per customer. This regulation indicates a level of oversight and investor protection.
MGM has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
MGM holds licence records issued by SEC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by MGM comes from tier-1 or tier-2 authorities (1 tier-1, 0 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the one licence record held by MGM has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
MGM has licence records in Pakistan. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.