MSCG -Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

MSCG is an online retail broker registered in Australia, allowing traders to buy and sell various financial instruments across different asset classes — forex, shares, cryptocurrencies, indices, commodities, and CFDs. Trades are executed via the intuitive MT4 trading platform, which is available in desktop, web, and mobile versions. There is no regulatory information on the brokers website, so trading with this broker can be risky.

Markets Instruments

MSCG offers the trading instruments: forex, shares, cryptocurrencies, indices, commodities, and CFDs.

Minimum Deposit

There is a choice of six live trading account options on the brokers website. The account types and their corresponding minimum deposit requirements are as follows: Bronze ($ 1000), Silver ($ 2,500), Gold ($ 10,000), Platinum ($25,000), Premium ($50,000), and VIP ($ 200,000) Accounts. A demo account is available for practice purposes.

Leverage

MSCG says to offer up to 1:500 in leverage. Since leverage can amplify gains as well as losses, trading with an unregulated broker offering high leverage is not a good option.

Spreads & Commissions

MSCG advertises spreads as low as 0.1 pips on majors, but we couldnt verify this claim.

Trading Platform Available

At MSCG, trades are executed via the MT4 trading platform, an advanced trading platform that was launched in 2005. The platform provides you with live quotes, real-time charts, in-depth news & analytics, tailored tutoring, as well as a host of order management tools and indicators. It offers a rich and user-friendly interface in a highly customisable trading environment to help improve your trading experience. The MT4 trading platform is available as a desktop application for Windows and Mac computers, and a web version

Deposit& Withdrawal

MSCG accepts only major credit/debit cards — Visa, MasterCard, and Maestro — for both account deposits and withdrawal purposes.