Rating Index
Pros
Specialization in trading precious metals and currency pairs, appealing to traders interested in these markets.
Offers a user-friendly trading platform (MetaTrader 4) that is popular among traders.
Potential for high leverage (up to 1:300), allowing traders to control larger positions with a smaller capital investment.
Cons
Lack of regulation raises concerns about the safety of client funds and fair trading practices.
Outdated website with many empty sections and non-functional links, indicating a lack of commitment to maintaining an informative online presence.
Unclear founder credentials, with no verifiable evidence supporting the claimed experience of the CEO, which may raise doubts about the company's credibility.
MGMC broker Accounts
MGMC Account Type
Marigold Global Markets Corporation (MGMC) offers various trading account types to cater to different trading needs. The available account types include:
- Standard Account:
- Minimum Deposit: $3,000
- Maximum Leverage: Not Specified
- Spreads: Gold - $0.40/oz, Silver - $0.04/oz
- Premium Account:
- Minimum Deposit: Not Specified
- Maximum Leverage: Up to 1:300
- Enhanced features compared to the Standard Account.
- VIP Account:
- Minimum Deposit: Not Specified
- Maximum Leverage: Up to 1:300
- Tailored for experienced traders with more favorable trading conditions.
- Account Application:
- Visit the MGMC website or contact their customer support.
- Provide the required personal information, including your full name and contact details.
- Documentation:
- Prepare necessary documents to verify your identity and address, such as a valid ID and proof of address (e.g., utility bill).
- Account Agreement:
- After completing the application, sign a client agreement that outlines the terms and conditions of your trading account.
- Deposit Funds:
- Fund your account by wire transfer. The minimum deposit to open an account is $3,000.
- Start Trading:
- Once your account is funded, you can start trading on the MGMC platform.
Unfortunately, the specific details regarding the Premium and VIP accounts, such as spreads and additional benefits, are not fully disclosed.
MGMC Broker Account Opening Process
To open an account with Marigold Global Markets Corporation (MGMC), follow these steps:
For more detailed information about MGMC and its offerings, you can visit the following sources:
MGMC Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
MGMC accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .