Exceptionally Best for MGX Brokers Clients

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

	VIP
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
EURCHF	-0,15	-0,3	0,1	0,4	100,000 EUR
AUDUSD	-0,2	-0,2	0,1	0,4	100,000 AUD
USDCAD	-0,35	-0,4	0,2	0,4	100,000 USD
NZDUSD	-0,2	-0,2	0,1	0,4	100,000 NZD
EURGBP	-0,35	-0,05	0,2	0,5	100,000 EUR
EURJPY	-0,4	-0,18	0,2	0,5	100,000 EUR
GBPJPY	-0,25	-0,38	0,3	0,8	100,000 GBP
GBPCHF	0,05	-0,6	0,3	0,8	100,000 GBP
CHFJPY	-0,45	-0,19	0,4	1	100,000 CHF
EURAUD	-0,8	-0,02	0,6	1,3	100,000 EUR
EURCAD	-0,7	-0,1	0,6	1,4	100,000 EUR
AUDCAD	-0,35	-0,3	0,6	1,4	100,000 AUD
AUDJPY	-0,22	-0,3	0,7	1,6	100,000 AUD
CADJPY	-0,15	-0,28	0,9	1,8	100,000 CAD
NZDJPY	-0,1	-0,32	0,9	1,8	100,000 NZD
GBPCAD	-0,54	-0,45	0,8	1,9	100,000 GBP
GBPNZD	-0,78	-0,58	1,4	2,8	100,000 GBP
GBPAUD	-0,74	-0,7	0,6	1,2	100,000 GBP
AUDNZD	-0,5	-0,25	0,6	1,4	100,000 AUD
AUDCHF	-0,02	-0,35	0,7	1,5	100,000 AUD
EURNZD	-1	0,05	1,1	2,1	100,000 EUR
CADCHF	-0,03	-0,33	0,9	1,3	100,000 CAD
NZDCAD	-0,28	-0,35	0,9	1,6	100,000 NZD
NZDCHF	0,04	-0,41	0,8	1,3	100,000 NZD
USDNOK	-1,35	-6	12	31	100,000 USD
USDSEK	0	-5,1	11	29	100,000 USD
USDZAR	-37	7	60	170	100,000 USD
USDCNH	-5	-8	4	5,5	100,000 USD
USDSGD	-0,8	-0,8	0,4	2,2	100,000 USD
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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
ETCUSD	0,6	1	100	3 digits	0,1	14% year
ETHUSD	15	0,1	10	2 digits	0,01	14% year
FILUSD	0,1	1	1000	3 digits	0,1	14% year
LINKUSD	0,1	1	1000	3 digits	0,1	14% year
LTCUSD	10	1	100	2 digits	0,1	14% year
MATICUSD	0,02	100	10000	4 digits	10	14% year
SOLUSD	0,5	1	1000	3 digits	0,1	14% year
UNIUSD	0,1	1	1000	3 digits	0,1	14% year
XRPUSD	0,02	100	10000	4 digits	10	14% year
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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
USTEC.c	NAS100	USD	1	0,1	100	0,005%	1:10	-78,901	-81,852	00.00-22.15, 22:30-23:00
UKOIL.c	Crude Oil Brent Cash	USD	10	1	1000	0,005%	1:10	-0,273	-0,767	02.00-23.00
WTI_OIL	West Texas Crude Oil	USD	10	1	1000	0,005%	1:05	-1,521	0,65	02.00-23.00
XNGUSD	Natural Gas	USD	10000	0,01	50	0,005%	1:05	-2	-45	00.00-22:45
Stocks
AAPL.OQ	Apple	USD	1	1	100	0.2%	1:05	-0,72	-0,57	15:30 - 22:00
AMZN.OQ	Amazon.com Inc	USD	1	1	100	0.2%	1:05	-18,45	-14,54	15:30 - 22:00
BA.N	Boeing	USD	1	1	100	0.2%	1:05	-1,35	-1,06	15:30 - 22:00
BABA.N	Alibaba	USD	1	1	100	0.2%	1:05	-1,54	-1,2	15:30 - 22:00
BAC.N	Bank of America	USD	1	1	100	0.2%	1:05	-0,34	-0,27	15:30 - 22:00
C.N	Citigroup	USD	1	1	100	0.2%	1:05	-0,34	-0,27	15:30 - 22:00
EBAY.OQ	eBay Inc	USD	1	1	100	0.2%	1:05	-0,3	-0,23	15:30 - 22:00
F.N	Ford Motor Company	USD	1	1	100	0.2%	1:05	-0,05	-0,02	15:30 - 22:00
FB.OQ	Facebook	USD	1	1	100	0.2%	1:05	-1,62	-1,27	15:30 - 22:00
GOOG.OQ	Alphabet Inc Class C	USD	1	1	100	0.2%	1:05	-10,41	-8,13	15:30 - 22:00
IBM.N	IBM	USD	1	1	100	0.2%	1:05	-0,7	-0,5	15:30 - 22:00
INTC.OQ	Intel	USD	1	1	100	0.2%	1:05	-0,34	-0,25	15:30 - 22:00
KO.N	Coca-Cola	USD	1	1	100	0.2%	1:05	-0,31	-0,24	15:30 - 22:00
MA.N	Mastercard Inc	USD	1	1	100	0.2%	1:05	-1,96	-1,53	15:30 - 22:00
MCD.N	McDonalds	USD	1	1	100	0.2%	1:05	-1,22	-0,95	15:30 - 22:00
MSFT.OQ	Microsoft	USD	1	1	100	0.2%	1:05	-1,23	-0,96	15:30 - 22:00
NFLX.OQ	Netflix	USD	1	1	100	0.2%	1:05	-2,88	-2,25	15:30 - 22:00
ORCL.N	Oracle	USD	1	1	100	0.2%	1:05	-0,3	-0,25	15:30 - 22:00
PFE.N	Pfizer	USD	1	1	100	0.2%	1:05	-0,22	-0,16	15:30 - 22:00
T.N	AT&T	USD	1	1	100	0.2%	1:05	-0,17	-0,12	15:30 - 22:00
TSLA.OQ	Tesla Motors	USD	1	1	100	0.2%	1:05	-3,52	-2,75	15:30 - 22:00
V.N	Visa	USD	1	1	100	0.2%	1:05	-1,22	-0,95	15:30 - 22:00
XOM.N	Exxon Mobil	USD	1	1	100	0.2%	1:05	-0,26	-0,19
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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.