Forensic review · October 2026

MGX Foundation Review — Is MGX Foundation a Scam?

Forensics Source Group is not affiliated to this broker. We do not hold this account, we cannot close a balance, and we do not phone you as this firm.

Yes. MGX Foundation is a fake AI forex/commodities “foundation” OSC-flagged in November 2025 — sharing initials with a very famous, very different fund The notices are written once, in the block below. If you paid mgxfoundation.com, the date and how you paid are the part this review cannot see.

Send this to Forensics Source Group
The short answerIt's a scam
WithdrawalsOSC warning (Nov 2025)
What to doSend it to Forensics Source Group
The record

What the notices say

  • OSC warning batch of 11 Nov 2025 (six-entity list per briefglance.com).
  • TradersUnion's dedicated review (Jul 2026 update) cites the OSC non-registration; ScamAdviser captured the site styling itself an “award-winning forex and commodities broker”.
  • Amdark Limited's investigation (11 Dec 2025) documents the full five-stage script: fake trading dashboard, profits shown while markets are closed, crypto-only deposits, withdrawal fees/taxes, account freeze.
  • Disambiguation, stated plainly: this has nothing to do with MGX, the legitimate Abu Dhabi state-backed AI investment fund (the Binance $2B investor) — a completely different, high-profile entity. Any association is name-theft.
Loss or this pattern

A trading loss and this pattern are not the same

A trading loss is a real position that moved against you. You can see the trade. The pattern below is a different event.

  • simulated profits that keep accruing while markets are closed
  • escalation deposits followed by fees, then freeze and ghosting
  • initials borrowed from a headline-making sovereign fund
FAQ

Frequently asked questions

Can you close my MGX Foundation account, or have the person who phoned me call again?

Forensics Source Group is not affiliated to this broker. We do not hold an account at mgxfoundation.com. We cannot confirm a balance, close an account, or phone you as MGX Foundation.

MGX Foundation says I must pay a tax or fee before withdrawing — should I?

No. A real broker deducts a fee from the balance. A new payment to release your own money is a second charge. Keep the message that asked for it.

What do you do with what I send?

We place it next to the record above. Where the same payment shows up from other people, those files can sit together as a class action. The first look is free.

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Forensics Source Group is not affiliated to this broker. We cannot close an account or confirm a balance. Write the date and how you paid.

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