Forex trading is to buy & sell two currencies at the same time, which known as currency pair.
The FX market is the most liquid financial market that operate 24 hours a day, 5 days a week.
MGFX gives clients the ability to trade up to 100x of their capital.
Why trade Forex with us
List of currency pairs
|Pricing with EUR||Pricing with USD||Pricing with GBP||Pricing with AUD||Pricing with JPY||Pricing with NZD||Pricing with Metals||Pricing with CAD||Pricing with CHF|
FX Trading is classified as high-risk investment. It is important that you fully understand the risks involved in trading FX on margin, including:
You can lose more funds than your deposit in the margin account
In the agreement, the bank will close up your FX positions when your margin deposit is below the required maintenance margin. However, there is no guarantee that any stop loss order will be executed at stop price. Therefore, you are fully responsible and oblige for any shortfall when closing up the positions.
The Bank can force the sale of your FX positions in your account
If your margin deposit falls below the maintenance margin requirements under the bank’s requirements, the bank can close up all or partial of your positions in your account to cover the margin deficiency without your consent. You will be responsible for any shortfall in the account after close up.
The Bank can increase its maintenance margin requirements at any time
The bank is not required to provide you any reasons or advance written notice in changing the margin requirement. These changes in the Bank’s policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause you to liquidate or close up the positions in your account.
You are not entitled to an extension of time on a margin call
You are responsible to respond and act on the bank’s margin call within 24 hrs and place a specific stop loss order to your positions. You do not have a right to the extension.
The Bank is not responsible for the risks associated to the internet-based trading system
The bank is not responsible for communication failures or delays when trading via the internet. The bank employs backup systems and contingency plans to minimize the possibility of the system failure. Any opinions, news, analyses contained on the trading platform are general market commentary, and do not constitute as an investment advice.