mgk global
Plus500
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Overview
mgk global was founded in 2011 and is headquartered in Cayman Islands, while Plus500 was established in 2008 and is based in Israel. mgk global holds licences including Financial Conduct Authority (FCA), while Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909) among others. mgk global serves 10,000+ clients worldwide; Plus500 has 1,000,000+. The minimum deposit is $250 at mgk global and $100 at Plus500.
| Feature | mgk global | Plus500 |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | 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 | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 |
| Founded | 2011 | 2008 |
| Country | Cayman Islands | Israel |
| Clients | 10,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between mgk global and Plus500, directly affecting your bottom line as a trader. Plus500 has a lower barrier to entry with a minimum deposit of $100 (vs $250 at mgk global). mgk global charges withdrawal fees while Plus500 does not, a notable advantage for frequent withdrawers. Plus500 applies inactivity fees on dormant accounts; mgk global does not. mgk global charges deposit fees; Plus500 does not. Overall, Plus500 scores higher on fees in our assessment.
| Feature | mgk global | Plus500 |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
mgk global offers MT4, MT5, cTrader, while Plus500 supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Plus500 supports social and copy trading features, which mgk global does not offer. The two brokers are closely matched on platform offering.
| Feature | mgk global | Plus500 |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how mgk global and Plus500 compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | mgk global | Plus500 |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. mgk global accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Plus500 supports 4 (bank transfer, credit/debit card, PayPal, Skrill). mgk global uniquely supports Neteller among the two brokers. mgk global scores higher on deposit and withdrawal flexibility.
| Feature | mgk global | Plus500 |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both mgk global and Plus500 offer live chat support. Both provide phone support. Email support is available at both brokers. mgk global supports 8 languages and Plus500 supports 15, giving Plus500 broader global reach. Both brokers are comparable on support quality.
| Feature | mgk global | Plus500 |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |