Rating Index
Pros
Established history with over 140 years of experience in the trading industry.
Offers access to a variety of financial instruments, including forex, CFDs, commodities, and indices.
Execution speed and spread ratings are relatively favorable, indicating efficient trading conditions.
Cons
Lacks proper regulation, which raises concerns about safety and trustworthiness for traders.
Not supported by popular trading platforms like MetaTrader 4 or MetaTrader 5, limiting user options.
No client insurance or bonuses are provided, which may deter potential clients seeking added security or incentives.
MGEX broker Accounts
MGX Brokers Account Types
MGX Brokers offers a variety of trading accounts tailored to meet the needs of different traders, regardless of their experience level. The available account types include:
- Pro Account
- Base Currency: USD/EUR
- Minimum Deposit: $100
- Spreads from: 0.9 pips
- Commissions: 0
- Max Leverage: Up to 1000*
- Minimum Lot Size: 0.01 lot
- Available Markets: FX pairs, metals, crypto, CFD indices & stocks, oil
- Education Level: Basic
- Zero Account
- Base Currency: USD/EUR
- Minimum Deposit: $500
- Spreads from: 0.0 pips
- Commissions: 0.0035%
- Max Leverage: Up to 1000*
- Minimum Lot Size: 0.01 lot
- Available Markets: FX pairs, metals, crypto, CFD indices & stocks, oil
- Education Level: Advanced
- VIP Account
- Base Currency: USD/EUR
- Minimum Deposit: $5000
- Spreads from: 0.0 pips
- Commissions: 0.0025%
- Max Leverage: Up to 500*
- Minimum Lot Size: 0.05 lot
- Available Markets: FX pairs, metals, crypto, CFD indices & stocks, oil
- Education Level: Advanced
- Open an Account
- Create your account online. The process is free and straightforward.
- Download the Trading Terminal
- Install the easy-to-use trading platform that includes built-in indicators and tools.
- Start Trading
- Deposit funds into your account, select an asset, and open your first trade.
All account types offer features such as negative balance protection, swap-free options, and allow for expert advisors (EAs) and scalping.
MGX Brokers Account Opening Process
To open an account with MGX Brokers, follow these simple steps:
For further assistance or personalized account types, you can contact their support team at support@mgxbrokers.com.
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