mgk global
Startrader
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Overview
mgk global was founded in 2011 and is headquartered in Cayman Islands, while Startrader was established in 2011 and is based in Hong Kong. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. mgk global serves 10,000+ clients worldwide; Startrader has 500,000 +. The minimum deposit is $250 at mgk global and $50 at Startrader.
| Feature | mgk global | Startrader |
|---|---|---|
| Min. Deposit | $250 | $50 |
| 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 | Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) |
| Founded | 2011 | 2011 |
| Country | Cayman Islands | Hong Kong |
| Clients | 10,000+ | 500,000 + |
Fees
Fees are a critical factor when choosing between mgk global and Startrader, directly affecting your bottom line as a trader. mgk global has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Startrader). Both brokers charge withdrawal fees. mgk global charges deposit fees; Startrader does not. Overall, Startrader scores higher on fees in our assessment.
| Feature | mgk global | Startrader |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
mgk global offers MT4, MT5, cTrader, while Startrader supports MT4, MT5, cTrader. mgk global offers a mobile trading app; mobile availability for Startrader is limited. Startrader 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 | mgk global | Startrader |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5 and Web Trader |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how mgk global and Startrader 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 | Startrader |
|---|---|---|
| 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 Startrader supports 4 (bank transfer, credit/debit card, Skrill, Neteller). mgk global uniquely supports PayPal among the two brokers. mgk global scores higher on deposit and withdrawal flexibility.
| Feature | mgk global | Startrader |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 mgk global and Startrader offer live chat support. Both provide phone support. Email support is available at both brokers. mgk global supports 8 languages and Startrader supports 2, giving mgk global broader global reach. Both brokers are comparable on support quality.
| Feature | mgk global | Startrader |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Chinese |