AB Forex
mgk global
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while mgk global was established in 2011 and is based in Cayman Islands. AB Forex holds licences including Unregulated, while mgk global is regulated by Financial Conduct Authority (FCA) among others. AB Forex serves 10,000+ clients worldwide; mgk global has 10,000+. The minimum deposit is $100 at AB Forex and $250 at mgk global.
| Feature | AB Forex | mgk global |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F278 |
| Founded | 2003 | 2011 |
| Country | STOCKHOLM | Cayman Islands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and mgk global, directly affecting your bottom line as a trader. AB Forex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at mgk global). Both brokers charge withdrawal fees. AB Forex applies inactivity fees on dormant accounts; mgk global does not. AB Forex charges deposit fees; mgk global does not. Overall, AB Forex scores higher on fees in our assessment.
| Feature | AB Forex | mgk global |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
mgk global edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | mgk global |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and mgk global compare. mgk global runs regular live webinars; AB Forex does not. mgk global has a video library; AB Forex does not. mgk global publishes daily market commentary; AB Forex does not. mgk global integrates third-party research tools (Trading Central, Autochartist); AB Forex does not. mgk global maintains an archive of past webinars for on-demand viewing. mgk global scores higher overall in education and research.
| Feature | AB Forex | mgk global |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. mgk global uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. mgk global scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | mgk global |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. mgk global offers live chat; AB Forex does not, making mgk global easier to reach in real time. mgk global offers phone support; AB Forex does not. mgk global offers email support; no email support was found for AB Forex. AB Forex supports 2 languages and mgk global supports 8, giving mgk global broader global reach. mgk global scores higher overall on customer support in our assessment.
| Feature | AB Forex | mgk global |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |