The minimum deposit amount required to register a live trading account is $30. This minimum deposit is equivalent to R 240.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
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 Minimum Deposit – 8 key point quick overview:
MGK Global At a Glance- MGK Global Overview
- MGK Global Deposit fees and deposit methods
- A step-by-step guide to depositing the minimum amount to an MGK Global account
- MGK Global Customer Reviews
- MGK Global Pros and Cons
- MGK Global Conclusion
- Frequently Asked Questions
MGk Global Overview
The minimum deposit amount required in order to open a broker account with MGK Global is $30 for the Normal Account. The Speed Account and the PAMM Account do not have a minimum deposit requirement.
As such, this represents an extremely affordable minimum deposit from MGK Global which should present a very low barrier of entry to most new traders.
MGK Global Deposit fees and deposit methods
MGK Global offers a good variety of popular deposit methods, which consist of the following:
- Wire transfer
- Bitwallet
- Curfex
- SticPay
- Skrill
- Neteller
- Payeer
- Bitcoin wallet
In terms of deposit currencies, MGK Global only accepts USD and Yen. This is an extremely limited selection, so traders depositing in smaller currencies, such as ZAR/Rand, will likely incur conversion fees.
In terms of deposit security, MGK Global is regulated off-shore by the Labuan Financial Services Authority (FSA), which is not a reliable or reputable broker.
That said, MGK does enact certain deposit security measures, including the storage of client deposits in segregated accounts as part of the broker’s anti-money laundering policy.
As part of this policy, MGK Global does not accept cash deposit and pay out cash under any circumstances. The broker does not accept funds if the name of the originating clients does not match the name of the client in its system.
In case of withdrawal, money only can be withdrawn from the same account and the same method which it was received and where the name of the recipient is present, the name must strictly match the name of the client in MGK Global’s system. Third party withdrawal is strictly prohibited.
In terms of fees, MGK Global does not charge deposit or withdrawal fees. However, your selected payment processer may charge a fee which is beyond the broker’s control.
A step-by-step guide to depositing the minimum amount to a MGK Global account
1. Step 1 – Log into your registered account
Visit the client login area on the MGK Global website.
2. Step 2 –Deposit funds
Select your payment method and deposit the amount. After payment verification has been made, your deposit should reflect immediately. Once the settlement has been confirmed, you can immediately start trading
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, the minimum deposit amount required to register a live trading account is $30. This minimum deposit is equivalent to R 240.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
You might also like: MGK Global Account Types
You might also like: MGK Global Demo Account
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You might also like: MGK Global Islamic Account
You might also like: MGK Global Sign up Bonus
Frequently Asked Questions
What is the minimum deposit for MGK Global?
The minimum deposit amount required to open a trading account with MGK Global is $30 for the Normal Account. The Speed Account and the PAMM Account do not have a minimum deposit requirement.
How does the MGK Global minimum deposit compare to similar brokers?
The minimum deposit requirement of MGK Global of $30 is very low when compared to similar brokers
How do I make a deposit and withdrawal with MGK Global?
MGK Global offers a good variety of popular deposit and withdrawal methods, which consist of the following:
- Wire transfer
- Bitwallet
- Curfex
- SticPay
- Skrill
- Neteller
- Payeer
- Bitcoin wallet
How long does it take to make a withdrawal from MGK Global?
Most e-payment methods are processed on the same day. Wire transfers can take 2 to 3 business days.
Are my deposits safe with MGK Global?
MGK Global is regulated off-shore by the Labuan Financial Services Authority (FSA), which is not a reliable or reputable regulator. Having said that , MGK does enact certain deposit security measures, including the storage of client deposits in segregated accounts as part of the broker’s anti-money laundering policy.
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!