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VIP Trading Account
The abbreviation VIP means something exclusive, it means special benefits and privileges. That's right, traders who open this type of account become VIP clients of MGX Brokers and receive exclusive conditions when making transactions.
First, it is direct access to interbank liquidity (ECN). Not every broker has the technical ability to provide traders with such a service as ECN (Electronic Communication Network), which minimizes the participation of any intermediaries and connects our VIP clients with liquidity providers directly. Intermediary commissions form such an important parameter as the spread. But if there are no intermediaries, there is no spread. The minimum spreads for the most popular currency pairs (EUR/USD, USD/JPY and USD/CHF), as well as for gold (XAU/USD) and silver (XAG/USD) are a fantastic 0.0 pips on a VIP account, in other words, none at all. The minimum spreads do not exceed 1.0 pips for most other currency pairs. As for the commission, it is also barely noticeable: just 0.0025%.
Other benefits of a VIP account include instant Market Execution of trade orders and no requotes, making MGX Brokers clients feel like they are truly a Very Important Person in the world of finance.
MGX Brokers:
VIP Trading Account
|
| |
|---|---|
| Base currency | USD/EUR |
| Min deposit | $ 5000 |
| Spreads from | 0.0 pips |
| Commissions | 0.0025% |
| CRYPTO Commission (fee) | 0.05% |
| Max Leverage | Up to 500* |
| Minimum Lot Size | 0.05 Lot |
| Maximum of open positions and pending orders | 300 |
| Available Markets** | FX Pairs + Metals + Crypto + CFD Indices & Stocks + Oil |
| Margin Call / Stop out***** | 60/40 |
| Swap free / Islamic account | Yes |
| Funding Fee | Waived |
| Withdrawal Fee*** | Waived |
| EAs Allowed | Yes |
| Scalping | Allowed |
| VPS****** | Yes |
| Copy Trading | Yes |
| Negative Balance Protection | Yes |
| Trading hours (server time) | 00:00 Monday - 22:00 Friday |
| CRYPTO Trading hours | 24/7 |
| Education | Advanced |
| Open an Account |
* Leverage may be different depending on the asset group. Leverage is subjected to change without prior notice for any accounts type and/or due to markets conditions, news event and/or account balance.
** To view the leverage for each product please visit our Markets pages.
*** Minimum trading lots requirement must be done.
****Leverage could be decreased without prior notice for any instrument or account depending on current market conditions and account balance.
*****One hour before the market closure, without prior notice margin call and/or stop out levels can be increased to 200%. It is sole responsibility of clients to have enough balance on the account for the trading positions that are planned to be left over the weekend.
******VPS - With 15 trading round trip lots per month Virtual private server is provided for free.
Contract Specifications
| Symbol | Swap Long | Swap Short | Min. Spread | Typical Spread | 1 Lot Value |
|---|---|---|---|---|---|
| EURUSD | -0,45 | 0,05 | 0 | 0,3 | 100,000 EUR |
| USDJPY | -0,08 | -0,38 | 0 | 0,2 | 100,000 USD |
| GBPUSD | -0,32 | -0,23 | 0,1 | 0,4 | 100,000 GBP |
| USDCHF | 0,05 | -0,5 | 0 | 0,3 | 100,000 USD |
| Show more | |||||
| Symbol | Swap Long | Swap Short | Min. Spread | Typical Spread | 1 Lot Value |
|---|---|---|---|---|---|
| XAUUSD | -0,39 | -0,09 | 0 | 0,2 | 100 oz. tr. |
| XAGUSD | -0,09 | 0 | 0 | 0,3 | 1000 oz. tr. |
| Cryptopair | Margin for 1 lot (USD) | Min lot size | Max. lot size | Quote precision | Step | SWAP long & short |
|---|---|---|---|---|---|---|
| BTCUSD | 150 | 0,01 | 10 | 1 digit | 0,01 | 14% year |
| BNBUSD | 5 | 0,01 | 10 | 1 digit | 0,01 | 14% year |
| DOGEUSD | 0,001 | 100 | 10000 | 5 digits | 10 | 14% year |
| DOTUSD | 0,1 | 1 | 1000 | 3 digits | 0,1 | 14% year |
| Show more | ||||||
| Symbols | Name | Currency | Contract size | Minimum Trade | Maximum Trade | Commission (r/t) | Leverage | Swap Long | Swap Short | Trading Session |
|---|---|---|---|---|---|---|---|---|---|---|
| Indices & commodities | ||||||||||
| DJ30.c | Dow Jones 30 | USD | 1 | 0,1 | 100 | 0,005% | 1:10 | -190,079 | -199,984 | 00.00-22.15, 22:30-23:00 |
| US500.c | SPX500 | USD | 1 | 0,1 | 100 | 0,005% | 1:10 | -23,351 | -24,396 | 00.00-22.15, 22:30-23:00 |
| DE30.c | Germany 30 | EUR | 1 | 0,1 | 100 | 0,005% | 1:10 | -53,547 | -138,622 | 08.00-22.00 |
| Show more | ||||||||||
Corporate actions: CFD Stocks trading orders are subject to dividend adjustments. Long position held at dividend date receives dividend amount. Short position held at dividend dates pays dividend amount.
3-day swap charged on Friday.
Lot – the volume unit of a traded instrument. It is equal to 100,000 units of the base currency.
Level of limit and stop orders – the minimal interval between the current price and the pending order level (in points). Inside this interval, take profit, stop loss and pending orders can't be placed. When placing orders within this range is attempted, the server will send an error message and won't accept the order. The level of limit and stop orders is equal to a typical spread.
Freezing level – a ban on changing orders that are close to fulfillment. Within this level, it’s impossible to modify, delete or close positions which are about to be executed. The freezing level value is equal to one-half of the spread of the traded instrument.
Swap – payment for transferring a position overnight (the swap value is displayed in points). Swaps can be positive and negative and are calculated as the difference between interest rates. Swaps are charged daily at 00:00 according to the server time. From Wednesday to Thursday, swaps are charged 3 times higher. The swap rate is the product of the pip price by the number of lots by the number of days.
Margin call – a warning that appears when the ratio of the equity to the margin amount in a trading account goes below the allowed level. In this case, the broker has the right (but is not obliged) to close one or several of the client’s positions according to market conditions.
Stop out – a liquidation level that appears when the ratio of the equity to the margin amount in a trading account goes below the allowed level. In this case, the broker is obliged to close one or several of the client’s positions in order to prevent a negative balance in the account.
Multiple Close-by is not available for crypto pairs and indices.
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1. Open an Account
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2. Download the Terminal
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3. Start Trading
Deposit funds to your account, choose an asset and open a trade.
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