ForexVox
mgk global
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Overview
ForexVox was founded in 2019 and is headquartered in UK, while mgk global was established in 2011 and is based in Cayman Islands. ForexVox holds licences including Financial Conduct Authority (FCA) in the United Kingdom, while mgk global is regulated by Financial Conduct Authority (FCA) among others. ForexVox serves 10,000+ clients worldwide; mgk global has 10,000+. The minimum deposit is $0 at ForexVox and $250 at mgk global.
| Feature | ForexVox | mgk global |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Financial Conduct Authority (FCA) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028 | 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 | 2019 | 2011 |
| Country | UK | Cayman Islands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ForexVox and mgk global, directly affecting your bottom line as a trader. ForexVox has a lower barrier to entry with a minimum deposit of $0 (vs $250 at mgk global). Both brokers charge withdrawal fees. mgk global charges deposit fees; ForexVox does not. Overall, ForexVox scores higher on fees in our assessment.
| Feature | ForexVox | mgk global |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
ForexVox offers MT4, MT5, while mgk global supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ForexVox supports social and copy trading features, which mgk global does not offer. mgk global edges ahead on platform breadth and functionality in our scoring.
| Feature | ForexVox | mgk global |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5 | 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 ForexVox and mgk global compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. mgk global integrates third-party research tools (Trading Central, Autochartist); ForexVox does not. mgk global maintains an archive of past webinars for on-demand viewing. mgk global scores higher overall in education and research.
| Feature | ForexVox | mgk global |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | 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. ForexVox accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while mgk global supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | ForexVox | mgk global |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexVox and mgk global offer live chat support. Both provide phone support. Email support is available at both brokers. ForexVox supports 4 languages and mgk global supports 8, giving mgk global broader global reach. Both brokers are comparable on support quality.
| Feature | ForexVox | mgk global |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Russian, Indonesian, Malaysian | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |