MGK International Minimum Deposit
What Is Minimum Deposit of MGK International?
The minimum deposit required to activate a live account with MGK International is typically around $100. This amount is relatively low compared to many other brokers, making it accessible for new traders who want to start their trading journey without committing a large sum of money. However, potential traders should consider that while the entry cost is low, the trading conditions and overall service quality should also be evaluated before making a decision.
Does MGK International Provide Deposit Bonus?
MGK International does not currently offer any deposit bonuses for new users or existing clients. This means that traders should not expect any matching deposit rewards or promotional incentives tied to their initial or subsequent deposits. As a result, individuals considering this broker should plan their trading strategies without relying on potential bonus funds, which can often come with various conditions and restrictions.
MGK International Payment Options
MGK International Deposit and Withdrawal
| Deposit and Withdrawal Method | Currency | Deposit and Withdrawal Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | USD, EUR | Free | 2-3 business days |
| Credit Card | USD, EUR | 1%-3% proportional fee | Instant |
| Bitwallet | BTC, ETH | Free | 24 hours |
Does MGK International Charge Deposit Fees?
MGK International does charge deposit fees for certain methods. Credit card deposits incur a fee of 1%-3%, while bank transfers and Bitwallet payments are free of charge. This fee policy is relatively clear but may be considered high for credit card users.
Does MGK International Support Cryptos to Deposit?
MGK International supports cryptocurrency deposits, including Bitcoin (BTC) and Ethereum (ETH). This feature makes it suitable for traders who prefer digital assets, adding flexibility to their payment options.
Is It Easy to Deposit Money to Your MGK International Account?
MGK International offers three main types of trading accounts: the Standard Account, the ECN Account, and the Micro Account. Each account type caters to different trading goals, with varying minimum deposit requirements that suit traders from beginners to experienced professionals. Users generally choose their account type based on their capital and trading strategies.
The deposit steps are simple and intuitive for most users, and mainstream payment methods do not require additional documentation, making the funding process quite straightforward.
Which MGK International Trading Account Is Right for You?
| Account Type | Minimum Deposit Requirement | Suitable User Type |
|---|---|---|
| Standard Account | $5 | Beginner |
| ECN Account | $100 | Active Trader |
| Micro Account | $10 | Beginner |
Funding Your Account Step by Step
- Log in to your MGK International trading account.
- Navigate to the “Deposit” section on the platform.
- Select your preferred payment method from the available options.
- Enter the amount you wish to deposit, ensuring it meets the minimum requirement for your account type.
- Follow the prompts to complete the transaction, including any necessary verification if required.
- Check your account balance to confirm that the deposit has been successfully processed.
How to Withdraw from MGK International
- Log in to Your Account: Access the MGK International platform by entering your username and password. Ensure that you are using a secure internet connection to protect your account information.
- Navigate to the Withdrawal Section: Once logged in, go to the ‘Withdrawal’ section in your account dashboard. This is typically found under the ‘Funds’ or ‘Payments’ tab.
- Select Your Withdrawal Method: Choose your preferred withdrawal method from the available options, such as bank wire transfer, Bitcoin, Ethereum, or USDT. Make sure to verify if any specific requirements apply for your selected method.
- Enter Withdrawal Amount: Specify the amount you wish to withdraw. Note that the minimum withdrawal amount is $50. Be mindful of any fees that may apply to your transaction.
- Submit Your Request: After reviewing all details, click on the ‘Submit’ button to complete your withdrawal request. You should receive a confirmation message, and your request will be processed according to the specified timeframes for your chosen method.
FAQs
Q1: What is the minimum deposit for MGK International?
A1: The minimum deposit required to open an account with MGK International is typically around $50, but it may vary depending on the account type you choose. Always check the latest information on their official website or contact customer support for confirmation.
Q2: How do I deposit funds into my MGK International account?
A2: You can deposit funds into your MGK International account using several methods including wire transfer, Bitcoin, Ethereum, USDT, and Bitwallet. Each method may have different processing times, so refer to their site for specific details.
Q3: What withdrawal options are available at MGK International?
A3: MGK International offers multiple withdrawal options, including wire transfers and cryptocurrency withdrawals (Bitcoin, Ethereum, USDT). The minimum withdrawal amount is $50, and processing times can vary based on the method selected.
Q4: Is my money safe with MGK International?
A4: While MGK International is registered and offers various services, it has a regulatory status that is considered suspicious, which may pose risks. It is crucial to conduct thorough research and consider the associated risks before investing your funds.