MGL Forex Account Type

MGL Forex offers three different account types tailored to various trading experience levels:

• Standard Account:
• Minimum Deposit: $50
• Maximum Leverage: 1:200
• Spreads: Varied from 0.7 pips to 1.1 pips
• Target Audience: Beginner traders
• STP (Straight-Through Processing) Pro Account:
• Minimum Deposit: $5,000
• Maximum Leverage: 1:200
• Commission: $7 per lot for forex and spot metal trades; $3 per lot for other CFDs including oil
• Target Audience: Experienced traders
• Institutional Account:
• Minimum Deposit: Not specified
• Target Audience: Groups or companies with large capital sums such as banks or mutual funds.

MGL Forex Broker Account Opening Process

To open an account with MGL Forex, follow these steps:

• Visit the Website: Navigate to the MGL Forex official website.
• Choose Account Type: Select the type of account you wish to open (Standard, Pro, or Institutional).
• Complete Registration Form: Fill out the required personal information in the registration form.
• Verify Identity: Upload a photo of your ID for verification purposes.
• Fund Your Account: Make a minimum deposit (e.g., $50 for a Standard Account) via bank transfer.
• Start Trading: Once your account is activated (usually within 24 hours), you can begin trading on the platform.

For further assistance, you can contact their customer support at +976 70177170 or via email at account@mglforex.mn.