Alpari Vs MGK Global

How Alpari and MGK Global Compare in 2024

Alpari or MGK Global who is better?

Compare ALPARI Versus MGK GLOBAL and IC Markets broker accounts.


Compare Alpari Vs MGK Global Side by Side

So you are looking for a broker, Alpari or MGK Global who should you choose?

When trading on financial markets you will want to know all about who Alpari or MGK Global are, and how they compare. You will naturally want to know how long Alpari and MGK Global have been in business and what reputation Alpari and MGK Global have. On top of this, you will need to discover if Alpari and MGK Global match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how Alpari and MGK Global compare.

Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.

Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of Alpari and MGK Global side by side.

If you're itching to start trading, we can assist you in making a well-informed decision when comparing Alpari and MGK Global. By comprehensively comparing Alpari and MGK Global features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with Alpari, MGK Global or an alternative broker.

Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on Alpari and MGK Global. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the Alpari platform or MGK Global that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


Alpari

(3/5)
Benefits of Alpari?
  • Established in 1998
  • Alpari have been in business for 26 years.
  • Head quarters in St. Vincent and the Grenadines.
  • Live Chat
  • Alpari Min deposit $1
Alpari screenshot
Reputation Support
Average
Good

Alpari Regulation

Alpari is regulated by the Financial Services Authority (FSA) Saint Vincent and the Grenadines.

Excluded Countries

US

Alpari Fees

Deposit fee Yes
Commission
Inactivity fee No
Withdrawal fee Yes
Min trade Varies
Max trade Varies
Min deposit $1
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all Alpari
funding options here
Losses can exceed deposits

Alpari Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

Alpari Platforms

MT4, MT5, Web Trader, Binary, Tablet & Mobile apps

Alpari Languages

English, Russian, chinese, Arabic, Indonesian, Hindi, Spanish

See Alpari
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See Alpari
instruments here
Losses can exceed deposits

Alpari Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the Alpari website. Our records were last updated on .

Visit Alpari today
Losses can exceed deposits

MGK Global

(3/5)
Benefits of MGK Global?
  • Established in 2008
  • MGK Global have been in business for 16 years.
  • Head quarters in Malaysia.
  • Live Chat
  • MGK Global Min deposit $30
MGK Global screenshot mgkglobal sign up here
Your capital is at risk
Reputation Support
Good
Good

MGK Global Regulation

MGK Global is regulated by the Financial Services Authority (FSA) Malaysia.

Excluded Countries

US

MGK Global Fees

Deposit fee
Commission
Inactivity fee
Withdrawal fee $50
Min trade varies
Max trade varies
Min deposit $30
View all spreads
& fees here
Your capital is at risk

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all MGK Global
funding options here
Your capital is at risk

MGK Global Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

MGK Global Platforms

MetaTrader 4

MGK Global Languages

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

See MGK Global
features here
Your capital is at risk

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See MGK Global
instruments here
Your capital is at risk

MGK Global Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the MGK Global website. Our records were last updated on .

Visit MGK Global today
Your capital is at risk

IC Markets

(4/5)
Benefits of IC Markets?
  • Established in 2007
  • IC Markets have been in business for 17 years.
  • Head quarters in Australia.
  • Live Chat
  • Segregates clients funds
  • IC Markets Min deposit $200
IC Markets screenshot IC Markets sign up here
Losses can exceed deposits
Reputation Support
Good
Good

IC Markets Regulation

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Excluded Countries

US, IR, CA, NZ, JP

IC Markets Fees

Deposit fee Varies
Commission Yes
Inactivity fee No
Withdrawal fee No
Min trade 0.01 Lot
Max trade None
Min deposit $200
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all IC Markets
funding options here
Losses can exceed deposits

IC Markets Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

IC Markets Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

IC Markets Languages

English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

See IC Markets
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See IC Markets
instruments here
Losses can exceed deposits

IC Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the IC Markets website. Our records were last updated on .

Visit IC Markets today
Losses can exceed deposits

Alpari Vs MGK Global Table of Contents

Alpari and MGK Global in Detail

Alpari Review Screenshot

The Alpari online trading platform gives traders from all over the world access to over 50 financial instruments including over 167 available instruments. There are over 10,000+ registered customers that have taken advantage of the Alpari platform.

Alpari are regulated by Financial Services Authority (FSA) Saint Vincent and the Grenadines.

Alpari Review Screenshot

MGK Global is a renowned Malaysia financial trading brokerage established in 2008.

MGK Global serves customers globally and are regulated by Financial Services Authority (FSA) Malaysia. Depending on the country you are trading from Alpari may serve you from a different business entity to comply with its financial regulators.

MGK Global is listed as a publically traded company on a major stock market. As part of their regulatory requirements MGK Global has to disclose a yearly report publically. Because of this extra level of auditing and regulation MGK Global can be considered trustworthy. Alpari is not listed as a PLC.

Benefits of Alpari and MGK Global Compared

Below, we will give you a summary of the benefits Alpari and MGK Global offer side by side.

Alpari offers a minimum deposit of 1 while MGK Global have a 30 minimum deposit.

Why smaller trading deposits are good and how Alpari and MGK Global compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either Alpari or MGK Global. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Alpari requires a minimum deposit of 1, whereas MGK Global mandates a minimum deposit of 30. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's Alpari or MGK Global, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

Alpari allows traders to trade up to 50 financial instruments while MGK Global have around 167 on their trading platform.

The more instruments available on Alpari and MGK Global trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of Alpari or MGK Global.

The Alpari trading platform has 0 stocks listed while MGK Global has 0 stocks listed.

Alpari allows retail traders to trade the following assets Forex on the Alpari MT4, MT5, Web Trader, Binary, Tablet & Mobile apps trading platforms.

Alternatively MGK Global allows retail traders to trade Forex trading, Share Dealing on the MGK Global MetaTrader 4 trading platforms.

Compare Alpari and MGK Global in more detail below.

Drawbacks of Alpari and MGK Global Compared

Below we compare what drawbacks Alpari and MGK Global have side by side.

Various potential downsides can be associated with certain brokers, including Alpari and MGK Global. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by Alpari compared to MGK Global. High trading fees and commissions can significantly impact potential profits. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of Alpari versus MGK Global.

Broker Alpari mgkglobal IC Markets
Inactivity Fees No No
Withdrawl Fees Yes $50 No
Withdrawal Processing Time Varies Varies Varies
Min Deposit 1 30 200
Social Trading No No Yes
Excluded Countries US US US, IR, CA, NZ, JP

Alpari Vs MGK Global Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with Alpari or MGK Global. A diversified portfolio with Alpari or MGK Global can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like Alpari or MGK Global, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as Alpari and MGK Global.

Broker Alpari mgkglobal IC Markets
Instruments Available 50 167 2250
Offers share dealing No Yes Yes
Number of Shares 0 0 2,100
Offers US Stocks No No Yes
Offers UK Stocks No Yes Yes
Offers German Stocks No No Yes
Offers Japanese Stocks No No Yes
Offers Indices Trading Yes No Yes
Number of Commodities 3 0 20
Offers Metals Commodities Yes No Yes
Offers Energy Commodities No No Yes
Offers Agricultural Commodities No No Yes
Offers Forex Trading Yes Yes Yes
Number of Forex Pairs 50 61
Offers Major Forex Pairs Yes Yes Yes
Offers Minor Forex Pairs Yes No Yes
Offers Exotic Forex Pairs Yes No Yes
Offers CFD Trading Yes No Yes
Offers Social Trading No No Yes

Alpari Vs MGK Global Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Alpari and MGK Global, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both Alpari and MGK Global offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with Alpari or MGK Global is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with Alpari or MGK Global could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on Alpari, MGK Global, and all brokers are subject to regulation.

We compare Alpari vs MGK Global Crypto options below side by side.

Broker Alpari mgkglobal IC Markets
Allows Cryptocurrency Trading (availability subject to regulation) Yes No Yes
Cryptocurrencies Offered BTC, ETH, LTC, XBN, XRP BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC

Alpari Vs MGK Global Commission and Fees

knowing your trading and commission fees with Alpari vs MGK Global is extremely important. For the majority of the Alpari 50 financial instruments and MGK Global 167 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with Alpari and MGK Global. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with Alpari and MGK Global before you invest because you must know what you are paying.

You ideally want to choose a broker like Alpari or MGK Global that does not charge too much for withdrawal fees. High trading fees and commissions will eat into your profits. The fees will be noticeable if you have a low budget and do not intend to invest so much with Alpari or MGK Global. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential Alpari and MGK Global fees, of course. Make sure you do your research and check the commission and fees with both Alpari and MGK Global before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with Alpari or MGK Global be aware of or 3rd party payment provider fees and currency conversion fees.

Alpari does not charge inactivity fees, while MGK Global does charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant Alpari and MGK Global accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your Alpari or MGK Global account, or choose to close it.

Usually, the associated fees for dormant Alpari or MGK Global accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live Alpari or MGK Global trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like Alpari or MGK Global you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay Alpari or MGK Global nothing for this. If this is the case, it can be a big problem. Constant deposits will eat into your profit, so this will take some consideration before you sign up.

Let's see how Alpari vs MGK Global compare side by side for commissions and fees.

Broker Alpari mgkglobal IC Markets
Min Deposit 1 30 200
Inactivity Fees No No
Withdrawal Fees Yes $50 No
Deposit Fees Yes Varies

Alpari Vs MGK Global Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the Alpari and MGK Global platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an Alpari or MGK Global demo account.

Broker Alpari mgkglobal IC Markets
Offers MT4 Yes Yes Yes
Offers MT5 Yes No Yes
Offers cTrader No No Yes

Alpari Vs MGK Global Mobile Trading

Trading on your mobile with Alpari and MGK Global can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and Alpari and MGK Global mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Alpari or MGK Global. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with Alpari or MGK Global can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with Alpari or MGK Global is essential. Likewise, if you have an android phone, it's crucial to verify if Alpari or MGK Global broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Alpari and MGK Global have trading apps compatible with your device.

Broker Alpari mgkglobal IC Markets
Web Platform Yes Yes Yes
IOS Trading App Yes
Android Trading App Yes
Microsoft Trading App Yes

Alpari Vs MGK Global Trading Account Types Offered

Alpari Vs MGK Global Demo Account

A demo account with Alpari or MGK Global is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an Alpari and MGK Global demo account.

Alpari Vs MGK Global Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if Alpari or MGK Global offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

Alpari does offer clients Micro accounts, while MGK Global does not offer clients Micro accounts.

Alpari Vs MGK Global Standard Account

A standard account is available on Alpari and MGK Global to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Both Alpari and MGK Global do offer clients Standard accounts.

Alpari Vs MGK Global MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with Alpari or MGK Global or alternative.

Alpari does offer clients MAM accounts, while MGK Global does not offer clients MAM accounts.

Alpari Vs MGK Global ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with Alpari or MGK Global or alternative.

Both Alpari and MGK Global do offer clients ECN accounts.

Alpari Vs MGK Global Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with Alpari or MGK Global or alternative.

Alpari does offer clients Islamic accounts, while MGK Global does not offer clients Islamic accounts.

Alpari Vs MGK Global STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with Alpari or MGK Global or alternative.

Both Alpari and MGK Global offer clients STP accounts.

Alpari Vs MGK Global Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

Alpari does offer clients Managed accounts, while MGK Global does not offer clients Managed accounts.

Broker Alpari mgkglobal IC Markets
Offers Demo Accounts Yes Yes
Offers Micro Accounts No No
Offers Standard Accounts Yes Yes Yes
Offers MAM Accounts Yes No Yes
Offers ECN Accounts Yes Yes No
Offers Islamic Accounts Yes No Yes
Offers STP Accounts Yes Yes No
Offers Managed Accounts No No

Alpari Vs MGK Global Withdrawal and Funding Methods

Alpari and MGK Global have multiple deposit and withdrawal options. Funding and withdrawing from your Alpari and MGK Global accounts to your chosen payment method should be straightforward. Lets see how Alpari and MGK Global compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from Alpari or MGK Global.

Broker Alpari mgkglobal IC Markets
Payment Methods Credit cards, Bank Transfer, Neteller, WebMoney, UnionPay, FasaPay, Debit cards, Bank wire transfers, Cryptocurrencies, Visa, Mastercard payment cards, Skrill, Neteller, FasaPay, Electronic wallets (eWallets), Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),

Alpari Vs MGK Global Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of Alpari or MGK Global support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the Alpari and MGK Global support is always available when needed. Alpari and MGK Global customer support is not just useful. broker customer support is crucial to your trading success!

Alpari Vs MGK Global Live Chat

Live chat is important for several reasons. When you encounter a problem with Alpari or MGK Global trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Alpari do offer livechat support. On the other hand MGK Global do not offer livechat support.

Alpari Vs MGK Global Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Alpari or MGK Global you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the Alpari or MGK Global support team to answer satisfactorily. Email support with Alpari and MGK Global will be needed.

Both Alpari and MGK Global offer email support.

Alpari Vs MGK Global Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either Alpari or MGK Global. We can get straight to the point, saving us time and frustration.

Alpari do not offer phone support. On the other hand MGK Global do offer phone support.

Lets see how Alpari and MGK Global customer support compare side by side.

Broker Alpari mgkglobal IC Markets
Offers Live Chat Yes No Yes
Languages English, Russian, chinese, Arabic, Indonesian, Hindi, Spanish English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email [email protected] [email protected] [email protected]
Phone No 1-888-740-8712 No

Alpari Vs MGK Global Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether Alpari and MGK Global are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that Alpari or MGK Global have these in place, please be extremely cautious before you proceed with them.

We compare Alpari Vs MGK Global financial regulation and licensing side by side below.

Broker Alpari mgkglobal IC Markets
FCA Regulation No No No
CySEC Regulation No No Yes
MiFID Regulation No No No
ASIC Regulation No No Yes
FSCA Regulation No No No
DFSA Regulation No No No
MAS Regulation No No No

Alpari Vs MGK Global Risk Management Features

When trading with either Alpari or MGK Global you will want to understand and make full use of all the risk management features on your Alpari or MGK Global trading platforms.

We compare side by side the trading risk management features offered by Alpari and MGK Global below.

Alpari Vs MGK Global Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

Alpari does offer clients hedging, while MGK Global does not offer clients hedging.

Alpari Vs MGK Global Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both Alpari and MGK Global do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on Alpari or MGK Global. You must still monitor any live trades and your financial exposure and financial risk.

Alpari Vs MGK Global Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both Alpari and MGK Global do offer clients limit orders.

Alpari Vs MGK Global Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Both Alpari and MGK Global do offer clients negative balance protection.

Broker Alpari mgkglobal IC Markets
Offers Hedging Yes No Yes
Negative Balance Protection Yes
Guaranteed Stop Loss No
Offers Limit Orders Yes Yes
Offers Trailing Stops Yes

Alpari Vs MGK Global Verdict

We hope this Alpari Vs MGK Global guide has helped you decide who is best to trade with out of Alpari and MGK Global.

When choosing a broker like Alpari or MGK Global for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with Alpari or MGK Global are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as Alpari or MGK Global, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with Alpari or MGK Global.

Also, before you sign up with online brokers like Alpari or MGK Global, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with Alpari or MGK Global before investing money into something.

Beware of the risks that come with trading with Alpari or MGK Global. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Alpari and MGK Global educational resources and financial research tools. If you are new to trading, sign up for a demo account with Alpari and MGK Global to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using Alpari or MGK Global will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if Alpari and MGK Global fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with Alpari or MGK Global if your investment strategy is more long-term.

Alpari and MGK Global Alternatives

If Alpari and MGK Global are not what you are not quite what you are looking for we list some of the best Alpari and MGK Global alternatives below.

Other Alpari and MGK Global Vs Comparisons

If you are still looking for an alternative to Alpari and MGK Global and want to see how Alpari or MGK Global compares Vs other brokers check out the Alpari Vs and MGK Global Vs list below.

Alpari Vs Alternatives

Still not happy have a look at some of our alternative Alpari Vs side by side comparisons below

MGK Global Vs Alternatives

Still not happy have a look at some of our alternative Alpari Vs side by side comparisons below

Alpari Vs MGK Global Frequently Asked Questions

We answer some of the most frequently asked Alpari Vs MGK Global questions below.

Is Alpari any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is Alpari legit? - Alpari are regulated by Financial Services Authority (FSA) Saint Vincent and the Grenadines and have been in business since 1998

Is MGK Global any Good?

MGK Global are regulated by Financial Services Authority (FSA) Malaysia and have been in business since 2008.

Which is better Alpari or MGK Global?

Alpari and MGK Global do not have a high rating, so we recommend trading with a more reputable alternative broker.

Is Alpari a con?

Alpari is regulated by Financial Services Authority (FSA) Saint Vincent and the Grenadines and have been in business since 1998. We recommend looking at a Alpari alternative that has more financial regulation.

Is MGK Global a con?

MGK Global is regulated by Financial Services Authority (FSA) Malaysia and have been in business since 2008. We recommend looking at a MGK Global alternative that has more financial regulation.

What happens if Alpari or MGK Global go bust?

Alpari and MGK Global are regulated, which means that as part of their regulatory obligations Alpari and MGK Global have to offer a certain level of financial protection to their clients. Alpari and MGK Global should by law keep client funds separate from Alpari and MGK Global funds. If either Alpari or MGK Global goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the Alpari and MGK Global websites and regulators.

Are Alpari or MGK Global good for beginners?

Alpari and MGK Global offer low deposits and access to a selection of market insights and news resources. Both Alpari and MGK Global offer demo accounts. Demo trading accounts are a big plus for Alpari and MGK Global as it shows they are interested in their customers.


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Losses can exceed deposits