What Account Types and Fees Does MSG Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low spreads, easy access to trading tools |
Designed for those new to trading |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading options |
Requires proof of trading experience |
| Corporate Account |
Corporate clients |
Customizable services, dedicated account manager |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant services |
Swap-free, competitive spreads |
Must request during account opening |
| Demo Account |
All trader levels |
Practice trading without risk, access to virtual funds |
Perfect for learning and testing strategies |
Account Opening Process
To open an account with MSG, traders must follow a straightforward process: initially, personal information such as name, address, and contact details are submitted. Next, employment information is required, including the nature of the trader’s profession and income source. Financial information is also necessary, detailing trading experience and financial goals.
Identity verification is a critical step, requiring valid identification documents (such as a passport or driver’s license) and proof of residence (like a utility bill or bank statement). MSG offers account flexibility, allowing traders to upgrade from a retail to a professional account as their experience and trading volume increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for minor pairs |
| CFDs (Stocks) |
0.1% |
$1 per lot |
Variable spreads depending on stock |
| CFDs (Indices) |
0.5% |
$1 per lot |
Low fees on major indices |
| CFDs (Commodities) |
0.3% |
$1 per lot |
Competitive for popular commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Traders should be aware of additional costs that may arise, including:
– Deposit and withdrawal fees, which may vary depending on the method used.
– Inactivity fees that apply after a specific period of no trading activity.
– Platform usage fees, if applicable, for premium features.
– Overnight interest charges (swap rates) for positions held overnight.
– Currency conversion fees for trades involving different currencies.
