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Pros

Offers a variety of trading instruments, including currency pairs, indices, metals, and cryptocurrencies.
Provides multilingual customer support available 24/7 via telephone, live chat, and email.
Allows for a low minimum deposit requirement, making it accessible for new traders.

Cons

Is an unregulated broker, raising significant concerns about the safety and security of client funds.
Withdrawal processes can be delayed, making it difficult for clients to access their funds when needed.
Lacks transparency in its operations and business practices, leading to potential trust issues among traders.

MG Limited broker Accounts

MG Market Account Types

MG Market offers four types of trading accounts designed to cater to different trading needs and preferences:

  • Cent Account
    • Minimum Deposit: $10
    • Leverage: Up to 1:1000
    • Spread: From 2.5 pips
    • Commission: No commission
    • EA Allowed: Yes
    • Swap-Free Option: Available
    • Standard Account
      • Minimum Deposit: $10
      • Leverage: Up to 1:500
      • Spread: From 1.5 pips
      • Commission: No commission
      • EA Allowed: Yes
      • Swap-Free Option: Available
      • ECN Pro Account
        • Minimum Deposit: $10
        • Leverage: Up to 1:500
        • Spread: From 0.1 pips
        • Commission: $8 per lot
        • EA Allowed: Yes
        • Swap-Free Option: Available
        • ECN Prime Account
          • Minimum Deposit: $20,000
          • Leverage: Up to 1:100
          • Spread: From 0.0 pips
          • Commission: $3 per lot
          • EA Allowed: Yes
          • Swap-Free Option: Available

          MG Market Broker Account Opening Process

          Opening an account with MG Market is a straightforward process that involves the following steps:

          • Visit the Website: Go to MG Market's official website.

          • Click on "Open an Account": Find and click the link to start the account opening process.

          • Fill in Required Details: Complete the registration form with necessary personal information.

          • Upload Identification: Provide personal identification documents for verification purposes.

          • Choose Payment Methods: Select your preferred payment methods for funding your account.

          • Fund Your Account: Deposit the minimum required amount based on the account type you choose.

          • Start Trading: Once your account is funded, you can begin trading with MG Market.

MG Limited accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
MG Limited Account