MigoTrade-Overview of Minimum Deposit, Spreads & Leverage

Note: MIGOTRADE's official website: https://www.migotrade.com/ is currently inaccessible normally.

MIGOTRADE Information

MIGOTRADE is an unregulated broker, offering trading on forex, indices, shares, commodities, cryptocurrency, and metals with leverage up to 1:200 and EUR/USD spread floating around 1.0 pips via Sirix trading platform.

Pros and Cons

Is MIGOTRADE Legit?

No. It is registered in Saint Vincent and the Grenadines. It has no valid regulations currently. It does not offer guaranteed funds or segregated accounts.

What Can I Trade on MIGOTRADE?

MigoTrade claims to provide a diverse range of trading instruments, encompassing major and minor forex pairs, market indices, shares, commodities, cryptocurrency, and metals for CFD trading.

Account Type

Here are four account types MIGOTRADE offers:

Leverage

The broker provides leverage up to 1:200.

MIGOTRADE Fees

EUR/USD spread is floating around 1.0 pips.

The broker reserves the right to introduce additional fees and charges and the right to change existing ones at any time. An administrative fee of 5% or 25 USD is required, in case the broker decides clients do not hold some minimum required amount in the account, determined by their sole discretion.

Trading Platform

MigoTrade utilizes the Sirix webtrader, developed by Leverate, as its trading platform. The Sirix webtrader is available in both web-based and mobile app versions.

Deposit and Withdrawal

The broker accepts deposit payments done via VISA, MasterCard or Migopay.

It accepts withdrawal payments done via Neteller, credit card, wire transfer, MoneyBookers and Migotrade Mastercard.

The broker charges a deposit and a withdraw commission, but not specified.