MGL FOREX-Overview of Minimum Deposit, Spreads & Leverage

MGL Forex Information

MGL Forex is an unregulated broker, offering trading on forex, CFDs indices, oil, Uneth metals, cryptos, and CFDs with leverage up to 1:500 and spread from 0.1 pips on the MT4 and MGL Forex mobile app. The minimum deposit requirement is $50.

Pros and Cons

Is MGL Forex Legit?

No. MGL Forex currently has no valid regulations. Please be aware of the risk!

What Can I Trade on MGL Forex?

MGL Forex offers trading on forex, CFDs indices, oil, Uneth metals, cryptos, and CFDs.

Leverage

MGL Forex offers maximum leverage at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

Trading Platform

Deposit and Withdrawal

MGL Forex accepts payments via cash, bank transfer and cryptocurrencies. However, specific info like deposit and withdrawal processing time and associated fees is not revealed.