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Account Types

A flexible trading account that typically offers traders to trade with ZERO commission and a spread starting from 0.6 pips.

Accounts for matching to your trading requirements

Standard trading accounts are straightforward accounts and only charge spread with no additional fee.

RAW

PREMIUM
Initial deposit: $200
Min. Spread: 0.0 pips
Max. Leverage: 1:500
Min. Trade size: 0.01
Commission on Currencies: $1 per $100K lot
Commission on Indices: $1 per $100K lot
Commission on Commodities: $1 per $100K lot
Commission on Crypto: 0.1%
Base currencies: USD, EUR, CAD, GBP
Stop Out: 0%
SWAP Free: Available
Scalping allowed: ✓
Register

Standard

POPULAR
Initial deposit: $15
Min. Spread: 0.0 pips
Max. Leverage: 1:500
Min. Trade size: 0.01
Commission on Currencies: $2 per $100K lot
Commission on Indices: $2 per $100K lot
Commission on Commodities: $2 per $100K lot
Commission on Crypto: 0.15%
Base currencies: USD, EUR, CAD, GBP
Stop Out: 0%
SWAP Free: Available
Scalping allowed: ✓
Register

Why Trade with MagnoFX

From the US Tech 100 to the S&P, gain exposure to highly traded global indices with a broker that knows what matters to you.

Stop Out Protection

Trade CFD Cryptos with an innovative market protection feature designed to safeguard your positions from short-term market fluctuations, preventing or minimizing stop outs and delays.

Fast Withdrawals

Simplify withdrawals for quick access to your funds. Opt for your preferred cryptocurrency when initiating a withdrawal request.

Fast Execution

Never miss a pip. Execute your orders within milliseconds across all of our web and mobile trading platforms.

Crypto Trading Conditions

Market Execution • ECN • Zero

Symbol Avg. Spread (pips) Commission per lot/side Margin 1:500 Long Swap (pips) Short Swap (pips) Stop Level (pips)
AUDUSDm
Australian Dollar vs US Dollar
• Extended Swap-free available
1.4 $1 0.05% −0.31 0 0
DXYm
US Dollar Index
1.4 $1 0.05% −0.31 0 0
EURUSDm
Euro vs US Dollar
Extended Swap-free available
1.4 $1 0.05% −0.31 0 0
GBPUSDm
Great Britain Pound vs US Dollar
Extended Swap-free available
1.4 $1 0.05% −0.31 0 0
NZDUSDm
New Zealand Dollar vs US Dollar
Extended Swap-free available
1.4 $1 0.05% −0.31 0 0
USDCADm
US Dollar vs Canadian Dollar
Extended Swap-free available
1.4 $1 0.05% −0.31 0 0
USDCHFm
US Dollar vs Swiss Franc
Extended Swap-free available
1.4 $1 0.05% −0.31 0 0
USDJPYm
US Dollar vs Japanese Yen
Extended Swap-free available
1.4 $1 0.05% −0.31 0 0

Crypto Market Conditions

The cryptocurrency market is a digital currency exchange powered by blockchain technology, facilitating secure transactions and the creation of new coins. Trading cryptocurrency derivatives enables you to expand your online portfolio and leverage price movements in cryptocurrencies, whether they are ascending or descending.

Crypto Trading Hours

You can trade cryptocurrencies 24/5.

Features

  • • Competitive Spreads
  • • Available Swaps
  • • Fixed Margin Requirements
  • • Zero Stop Level

Frequently Asked Questions

What are the advantages of trading stock index derivatives vs. investing in indices?

Trading indices derivatives is a great way to gain exposure to the stock indices market without needing to own the underlying asset. Because you're speculating on the performance of an index rather than investing in it, you can capitalize on the movements of prices, whether they're going up or down. You can also use leverage to access the global indices market with a fraction of the capital you would need if you were to invest in indices directly.

What is leverage in forex trading?

Leverage allows traders to control larger positions with a smaller amount of capital. For example, with 1:500 leverage, you can control $50,000 worth of currency with just $100 in your account.

What is margin in online forex trading?

Margin is the amount of money required to open and maintain a leveraged trading position. It acts as a good faith deposit to cover potential losses.

Does my account equity affect the maximum leverage I can use?

Yes, your account equity can affect the maximum leverage available. As your account grows, you may be eligible for different leverage tiers based on your trading volume and account balance.

Why are there higher margin requirements around news?

During major news events, market volatility increases significantly. Higher margin requirements help protect both traders and the broker from extreme price movements and potential losses.

Do margin requirements change around weekends and holidays?

Yes, margin requirements may be increased during weekends and holidays due to lower liquidity and potential price gaps when markets reopen.

When does the weekend period of increased margin requirements start and finish?

Weekend margin requirements typically begin on Friday afternoon and end on Sunday evening when markets reopen. Specific times are displayed in your trading platform.

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