Main Group FX Review
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Fast Facts
Contact Info and Support
Traffic information
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About Main Group FX
Main Group FX Pty Ltd, operating via maingroupfx.com.au, has had its Australian Securities and Investments Commission (ASIC) authorized representative (AR) status under MGF Capital Pty Ltd (ASIC license number 421246, AR number 001301900) officially canceled on September 21, 2023, leaving the firm without active regulatory oversight ().
The company claims to offer trading in Forex, stock indices, commodities, and precious metals, but details such as account types, platforms, minimum deposit, spreads, leverage, base currencies, and swap‑free options are not confirmed by regulatory or official sources ().
Trustpilot reviews show a pattern of complaints regarding difficulty withdrawing funds and allegations of fraudulent behavior, with users describing “scam” experiences and abrupt unresponsiveness after initial engagement (). Multiple third‑party analyses label Main Group FX as unregulated and advise avoiding deposits ().
Pros and cons
Pros
- Previously listed as an appointed representative under ASIC via MGF Capital Pty Ltd (AR number 001301900, license 421246) ().
Cons
- ASIC authorization officially canceled on September 21, 2023, rendering the broker unregulated ().
- Lack of any confirmed data on core trading conditions, account features, or platforms from reliable sources ().
- Numerous customer reports of withdrawal issues and allegations of scam behavior ().
