MGK Global Review for 2019

MGK Global Rated 3/5
MGK Global have a low rating. We recommend you look at one of their alternative brokers.
Good alternatives to MGK Global

MGK Global Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of MGK Global we break down the pros and cons. What MGK Global are able to offer, what countries MGK Global are available in. Who MGK Global are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open MGK Global's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to MGK Global

With this review we hope to help you see if MGK Global is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding MGK Global that will help you get off to a good start in the world of online trading.

MGK Global what you should know

MGK Global offer two ways to trade: Forex trading, Share Dealing.

With MGK Global you will need a minimum deposit of $$30. You can sign up for a demo account to acquaint yourself with MGK Global platform.

MGK Global are able to accommodate various levels of traders whether you are experienced or a beginner.


Are MGK Global safe?

When choosing a broker like MGK Global the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in , and in operation for 2019 years MGK Global have a head office in Malaysia.

MGK Global is regulated. This means MGK Global are supervised by and is checked for conduct by the Federal Territory the Financial Services Authority Labuan regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to MGK Global, this will be honored. If MGK Global violate any regulatory rules their regulated status could be stripped.

Any payments funded to MGK Global accounts by traders are held in a segregated bank account.

For added security MGK Global use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with MGK Global. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit MGK Global

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in
  • Regulated by Federal Territory the Financial Services Authority Labuan
  • Min. deposit from $$30
  • unlimited demo account

What we don't like

MGK Global General Fees

  • MGK Global withdrawal fees varies on payment method
  • MGK Global does charge inactivity fees

MGK Global Commissions

  • MGK Global does charge commission on CFD shares

What can you trade with MGK Global?

You can trade a wide variety of instruments with MGK Global over 167 instruments infact.

If you are looking at trading currency pairs MGK Global offer over currency pairs.

Compare MGK Global with Interactive Brokers and XTB below.

FX / Currencies mgkglobal IB XTB
# of forex pairs offered 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs No Yes
Exotic forex pairs No Yes
Cryptocurrencies No No Yes
Commodity CFDs MGK Global Interactive Brokers XTB
# of commodities offered 0
Metals No Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs MGK Global Interactive Brokers XTB
# of Stocks offered 1500
UK Shares Yes Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
mgkglobal's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on MGK Global web platforms and other applications

MGK Global offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

MGK Global also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See mgkglobal's platforms

MGK Global Trading benefits :

  • Allows scalping
  • Offers STP
  • Low min deposit

MGK Global Trading Accounts offered:

  • Standard account
  • ECN account

Can I try MGK Global before I buy?

MGK Global offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do MGK Global accept?

MGK Global offer the below funding payment methods. learn more about MGK Global

  • Bank Transfer

How can I start trading with MGK Global?

When opening a trading account with MGK Global, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on MGK Global trading platforms here.

Performing trades with MGK Global

MGK Global allow you to execute a minimum of trade of varies. This may vary depending on the account you open. MGK Global allow you to execute a maxium trade of varies. As MGK Global offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, MGK Global offer margin up to % on currencies.

Support at MGK Global

MGK Global support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with MGK Global

As MGK Global is regulated by Federal Territory the Financial Services Authority Labuan, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore MGK Global's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with MGK Global you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://mgk-global.com/ on 12th August 2018.

MGK GLOBAL Frequently Asked Questions

Can I try MGK Global before I buy?

MGK Global do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do MGK Global accept?

MGK Global offer the below funding payment methods Bank Transfers, among other payment methods. Learn more here

How can I start trading with MGK Global?

When opening a trading account with MGK Global, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on MGK Global trading platforms here.

Is my money safe with MGK Global?

MGK Global is regulated by Federal Territory the Financial Services Authority Labuan. One of the most important criteria for traders when choosing a broker like MGK Global is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to MGK Global, this will be honored. If they violate any regulatory rules their regulated status can be stripped.