General Information
MGX Brokers Is An Unregulated Broker Established In The Seychelles In 2020. It Supports MT4 As A Trading Platform And Offers Market Instruments Such As Forex, Precious Metals, Commodities, Stocks, Indices And Cryptocurrencies. It Supports Demo Account With Minimum Deposit Amount Of 100 Dollars And Leverage Up To 1:1000.
Pros And Cons
Pros
Multiple Market Tools
Demo Account Support
Islamic Account Support
Multiple Account Types
Flexible Leverage
MT4 Platform
Copy Trading
Free Deposits And Withdrawals
Cons
Unregulated
Limited Payment Options
Are MGX Brokers Legal?
Although MGX Brokers Claims To Offer Liability Protection, There Is Currently A Lack Of Effective Regulation. Traders Should Carefully Consider The Risks It Poses When Choosing To Trade With Them.
What Can I Trade On MGX Brokers?
MGX Brokers Supports 33 Currency Pairs, Precious Metals, Oil, 13 Cryptocurrency Pairs, Stock Indices (Nasdaq, Dow Jones, Nikkei, Etc.), As Well As CFDs On Stocks Of Nearly 70 Companies, Including IBM, JP Morgan Chase, Coca-Cola, MasterCard, Tesla, McDonald's, Microsoft, Twitter, Uber, EBay, Alibaba, Deutsche Bank, And Many More.
Account Types
In Addition To Demo Account Accounts, MGX Brokers Offers Three Types Of Live Accounts.
Interest-free Islamic Accounts Are Available For All Account Types.
Leverage
MGX Brokers Offers Leverage Of Up To 1:1000, Which Can Lead To High Returns But Also Comes With High Risk.
Trading Platform
MGX Brokers Offers The Leading MetaTrader 4 (MT4). It Has Been The Most Popular Platform Among Global Traders For The Last 15 Years. It Offers Almost Unlimited Opportunities For Successful Trading And Global Financial Marekt Analysis. It Allows You To Trade From Desktop Computers, Mobile Phones And Tablets.
Customer Support
Tel: + 248 4373403 (office Landline)
Email: Support@mgxbrokers.com
Address: Office 8D, CT Building, Providence, Mahe Province, Seychelles
