Magna FX Account Type

　　Magna FX offers five different account types to cater to traders with varying levels of experience and investment capacities. The account types are as follows:

• Basic Account
• Deposit Range: Up to $2,499
• Commissions: 5%
• Swap (24hrs): 1.5%
• Leverage (Crypto): 1:1 - 1:2
• Minimum Spread: 2.4 pips
• Leverage (Forex): 1:20
• Features: MQL access, economic calendar, technical analysis, market analysis, platform manager.
• Silver Account
• Deposit Range: $2,500 to $9,999
• Commissions: 4%
• Swap (24hrs): 1%
• Leverage (Crypto): 1:3 - 1:5
• Minimum Spread: 2.1 pips
• Leverage (Forex): 1:30
• Features: MQL access, economic calendar, technical analysis, market analysis, analysis insights, 1-on-1 support, platform manager.
• Gold Account
• Deposit Range: $10,000 to $74,999
• Commissions: 3%
• Swap (24hrs): 1%
• Leverage (Crypto): 1:5 - 1:10
• Minimum Spread: 1.8 pips
• Leverage (Forex): 1:50
• Features: MQL access, economic calendar, technical analysis, market analysis, analysis insights, 1-on-1 support, dealing room, senior platform manager.
• Platinum Account
• Deposit Range: $75,000 to $149,999
• Commissions: 2.5%
• Swap (24hrs): 0.85%
• Leverage (Crypto): 1:10 - 1:20
• Minimum Spread: 0.6 pips
• Leverage (Forex): 1:50
• Features: MQL access, robots, economic calendar, technical analysis, market analysis, analysis insights, 1-on-1 support, dealing room, senior platform manager.
• VIP Account
• Deposit Range: $150,000 and above
• Commissions: 1.5%
• Swap (24hrs): 0.65%
• Leverage (Crypto): 1:10 - 1:20
• Minimum Spread: 0.4 pips
• Leverage (Forex): 1:100
• Features: MQL access, robots, economic calendar, technical analysis, market analysis, analysis insights, 1-on-1 support, dealing room, senior platform manager.

　　

Magna FX Broker Account Opening Process

　　To open an account with Magna FX, follow these four simple steps:

• Enter Your Details and Create an Account:
• Visit the Magna FX website and fill in the required information, including your name, email address, and phone number.
• Complete the Account Verification Procedure:
• After creating your account, you will need to complete the verification process, which typically involves providing identification documents such as a passport or driver's license.
• Create a Deposit Using Your Preferred Currency Type:
• Once your account has been verified, you can fund it by depositing money using your preferred currency type. Magna FX offers various deposit methods, including bank transfer, credit/debit card, and electronic wallets.
• Start Trading Easily and Efficiently:
• With your account funded, you can begin trading on the Magna FX platform, utilizing the various trading tools and resources available to make informed trading decisions.