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No, I don't really like it.
Margot reminds me of "maggot" when written.
Margo looks unfinished.
Margaux was taken from the name of a wine-producing village outside Bordeaux and thus I don't see it as "authentic".
I like the French Marguerite but it seems, like Margaret, to be regarded as hopelessly outmoded. If I was to use Margot (after all, that is the authentic spelling!) I'd only use it as a nn for Marguerite (though Daisy might be a nn contender too!).