MGK Global Fees Spreads and Commission vary according to the account type the trader uses. MGK Global spread list starts from 0.01 pips. Leverage ranging from 1:500. Standard lot sizes and commissions are determined on the account selected. With a minimum deposit that is $30 USD / R240 ZAR.
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 Fees and Spreads – 8 key point quick overview:
MGK Global At a Glance- MGK Global Overview
- MGK Global Additional Trading Fees
- MGK Global Broker Fees
- MGK Global Customer Reviews
- MGK Global Pros and Cons
- MGK Global Conclusion
- Frequently Asked Questions
MGK Global Overview
Traders with MGK Global can expect the following spread list:
Spreads are competitive overall, averaging at 1.0 pips for the Normal Account and 0.1 pips for the Speed Account.
The Normal Account offers commission-free trading, while the Speed Account has commissions of $7 per round lot, which is average when compared to other brokers in the Forex market.
MGK Global Additional Trading Fees
While MGK Global does charge rollover fees, also known as overnight fees or swap fees, an Islamic Account is offered to Muslim traders with swap-free conditions.
MGK Global has low trading fees overall, with no additional account maintenance fees or inactivity fees charged on dormant accounts. Added to this, traders can enjoy a low minimum deposit coupled with a relatively high leverage ratio of 1:500.
Traders should take note however of MGK Global’s limited deposit currencies, which consist of USD and yen only. This means that traders depositing in other currencies will likely incur conversion fees.
Finally, MGK Global does not charge deposit fees or withdrawal fees, making the broker’s trading conditions extremely competitive overall.
MGK Global Broker Fees
Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution.
As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.
As MGK Global is not a spread betting broker, spread betting fees will not apply.
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 Fees, Spreads and commissions vary according to the account type the trader select. MGK Global spread list starts from 0.01 pips. Leverage ranging from 1:500. Standard lot sizes and commissions are determined on the account selected. With a minimum deposit that is $30 USD / R240 ZAR.
You might also like: MGK Global Account Types
You might also like: MGK Global Demo Account
You might also like: MGK Global Islamic Account
You might also like: MGK Global Minimum Deposit
You might also like: MGK Global Sign up Bonus
Frequently Asked Questions
What spreads can I expect with MGK Global?
Spreads with MGK Global are competitive overall, averaging at 1.0 pips for the Normal Account and 0.1 pips for the Speed Account.
Does MGK Global charge a commission?
The Normal Account offers commission-free trading, while the Speed Account has commissions of $7 per round lot, which is average when compared to other brokers in the Forex market.
Does spread betting cost apply to MGK Global?
No, Spread betting does not apply to MGK Global
Does MGK Global charge deposit fees?
Yes, Deposit fees are charged depending on the deposit method.
Does MGK Global charge an inactivity fee?
Yes, an inactivity applies with this broker.
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 compaign (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!