MG Market Forex Broker keeps up-to-date with the latest trading account information, including ECN, EXPERT, PRO, BEGINNER maximum leverage of 1:400, trading varieties, and more
Rating Index
Pros
Low minimum deposit requirement of $10, making it accessible for new traders.
Offers a wide range of trading accounts and financial instruments, including forex and CFDs.
User-friendly MetaTrader 4 platform available for both desktop and mobile trading.
Cons
Unregulated broker, which raises concerns about the safety and security of client funds.
High leverage of up to 1:1000, which can increase the risk of significant losses for inexperienced traders.
Limited customer support availability, with only 24/5 service and no clear contact information provided.
MG Market broker Accounts
ECN
EXPERT
PRO
BEGINNER
MG Market Account Type
MG Market offers four types of trading accounts for both retail and professional traders: Cent, Standard, ECN Pro, and ECN Prime. The minimum deposit to open a Cent, Standard, or ECN Pro account is just $10, making it accessible for new traders. However, the ECN Prime account requires a significantly higher initial deposit, starting at $20,000. Each account type comes with different features regarding spreads and commissions:
- Cent Account:
- Minimum Deposit: $10
- Spread: Starts at 2.5 pips
- Commission: Commission-free trading
- Standard Account:
- Minimum Deposit: $10
- Spread: Starts at 1.5 pips
- Commission: Commission-free trading
- ECN Pro Account:
- Minimum Deposit: $10
- Spread: From 0.1 pips
- Commission: $88 per lot
- ECN Prime Account:
- Minimum Deposit: $20,000
- Spread: From 0.0 pips
- Commission: $3 per lot
- Click on the "Open an Account" link on the MG Market website.
- Fill out the required details in the registration form that appears.
- Upload your personal data for verification purposes.
- Choose your preferred payment method, fund your account, and start trading.
All accounts offer swap-free options and support for Expert Advisors (EAs) for automated trading.
MG Market Broker Account Opening Process
Opening an account with MG Market is a straightforward process that can be completed in a few simple steps:
The entire process is designed to be user-friendly, allowing traders to quickly set up their trading accounts and begin accessing the financial markets.
MG Market Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.