MGK Global does offer a Demo Account that mimics a live trading account and offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
MGK Global At a Glance
| Broker's Name | MGK Global |
| 🏛️ Headquarters | Labuan, Malaysia |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | Financial Services Authority of Labuan, Malaysia |
| 📎FSA | registration number LL08755 |
| 🌐 Countries not accepted for trade | Not specified |
| 📌 Accounts | Normal account, Speed account, MAM & PAMM accounts |
| ☪️ Islamic account (swap-free) | Yes |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Not indicated |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1:500 |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | $30 USD / R480 ZAR on the Normal Account |
| Spread | 0.01 pips |
| 💳Fees | No Deposit or withdrawal fees |
| 💳 Deposit Options | Wire transfer Bitwallet Curfex SticPay Skrill Neteller Payeer Bitcoin wallet |
| 💳 Withdrawal Options | Wire transfer Bitwallet Curfex SticPay Skrill Neteller Payeer Bitcoin wallet |
| 📊 Platform Types | MetaTrader 4, MGKCopyTrade |
| 📶 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, shares, and indices |
| 💬 Languages supported on Website | English, Italian, Russian, French, Spanish, Arabic, and More |
| 💬 Customer Support Languages | English, Italian, Russian, French, Spanish, Arabic, and More |
| ⏲️ Customer Service Hours | 24/5 |
| 🔎 Open an Account | 👉 Click Here |
Overall Rating
4.7/5
Rated #255 of
Recommended FX Brokers
Minimum Deposit
–
Regulators
–
📱 Trading Desk
–
₿ Crypto
Yes
📈 Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
🕒 Account Activation Time
24 Hours
Choose your quick section of our MGK Global below.
MGK Global Demo Account – 7 key point quick overview:
MGK Global At a Glance- MGK Global Overview
- How to set up an MGK Global Demo Account – Step by Step
- MGK Global Customer Reviews
- MGK Global Pros and Cons
- MGK Global Conclusion
- Frequently Asked Questions
MGK Global Overview
The free demo account from MGK Global allows users to test the trading conditions and features of all three of the available live accounts.
Users will also be able to test the trading features of the available trading platforms, which are MetaTrader 4 and MGK Global’s proprietary MGKCopy platform.
The demo account is funded with virtual currency but simulates live trading conditions, allowing you to test the broker’s conditions in a risk-free environment
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money.
A forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders, manage existing trade positions as well as more advanced functions such as testing or fine tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
How to set up an MGK Global Demo Account – Step by Step
1. Step 1 – Register an account
Go to the MGK Global website. Go to the account opening page which you will find under the Accounts tab on the landing page. Select the option to open a demo account on the registration page
2. Step 2 –Complete registration for demo account.
Fill in the application form by providing your full name, and email address, and selecting the demo account specifications. These include the type of live account for which you would like to create a demo, the minimum deposit, and your preferred leverage ratio. Read and accept the terms and conditions. Submit your registration in order to launch your free demo account
Overall Rating
4.7/5
Rated #255 of
Recommended FX Brokers
Minimum Deposit
–
Regulators
–
📱 Trading Desk
–
₿ Crypto
Yes
📈 Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
🕒 Account Activation Time
24 Hours
MGK Global Customer Reviews
Easy to use and navigate!
MGK Global Pros and Cons
| ✔️ Pros | ❌ Cons |
| Referral bonus available | Additional broker bonuses not available |
| Demo account available for all live accounts | Demo account expires after 30 days |
| Tight spreads | Limited asset range |
| Competitive commissions | Lax regulation |
| MetaTrader 4 available | No research tools |
| Tight spreads and competitive commissions, with commission free trading available | No educational resources |
| No additional trading fees | Limited deposit currencies may result in conversion fees |
| Swap-free account available to Muslim traders | Limited selection of deposit currencies |
| Low minimum deposit | Account registration required before Islamic Account can be opened |
| No deposit or withdrawal fees | |
| No additional charges on the Islamic Account |
MGK Global Conclusion
Overall, MGK Global’s Demo Account mimics the look and feel of a live trading account and offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
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Frequently Asked Questions
Can traders from South Africa open a MGK Global demo account?
Yes, MGK Global is available for South African citizens.
For how long is the MGK Global demo account valid?
The demo account is valid for 30 days. Hereafter, you can open a live account or re-register for a new demo account; however, your trading information will expire with the original demo which you opened.
Which live trading accounts does MGK Global offer?
MGK Global offers three live trading accounts, namely the Normal Account, Speed Account and the PAMM/MAMM Account.
What are the available deposit currencies for a live trading account?
MGK Global only accepts deposits in USD, and also has a yen-denominated trading account
Is MGK Global a regulated broker?
Yes, MGK Global is regulated by Labuan FSA in Malaysia
Top 4 Brokers
Creating an account was really smooth and quick. The spread is some of the best in the industry and when I joined they had a free EA campaign (I believe they still). The EA was above all expectations and has served me really really well. It’s also really easy to deposit and withdrawal money! Strongly recommend!