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Account Funding

MG Financial LLC makes depositing, withdrawing and transfering funds simple, fast and efficient, and our Customer Service personnel is available for help around-the-clock.

Depositing Funds


MG Financial LLC accepts customer funds via methods described in the table below:

Deposit Method Currencies Processing Time
Wire Transfer
1 business day of receipt
CheckDepends on check type**
PayPal1-3 business days of receipt
   Deposit Funds
**Check processing time:
 
Personal Checks: Within 10 business days of receipt
Cashier's Checks and Bank Drafts: 1 to 3 business days of receipt
Checks drawn on a financial institution outside the United States may take up to 4 weeks to clear and additional third-party charges may apply.
Please note that MG will not accept funds for an Individual/Joint Account from a bank account under a business name. Clients who intend to fund from a corporate bank account should consider opening a Partnership or Corporate trading account at MG.

MG Financial LLC will not accept CASH, money orders, Western Union transfers or deposits from any other cash transfer facilities worldwide. Cash will not be accepted nor will it be deposited to MG live trading accounts.

The minimum deposit required to open an account with MG Financial LLC is $500.

Keeping the margin requirements and spread in mind, MG recommends that clients open an account with a deposit of at least $1000.

To deposit funds into your account, please access the Complete Deposit Instructions.

For new customers, please ensure you have completed all the necessary account opening procedures before sending any funds to us. You will receive a confirmation email from MG with a reference number when your account is authorized for funding.


 

Withdrawing Funds


To withdraw funds from your account at any time, please complete and submit the Withdrawal Request form.

  Check Wire
One transfer per month FREE FREE*
Additional transfers $15 $15*
 
Withdrawal requests are processed within two (2) business days from the time of receipt of all complete information.
 
*Wire transfers may incur a $25-$40 bank fee. MG does not charge fees for the first transfer each month, however bank charges may apply.

Please note that account balances that fall below $50 as a result of a withdrawal will be closed and the remaining funds will be added to the withdrawal amount.

Note: Money Managers & Referring Brokers can withdraw their commissions up to 3 times per calendar month.

Transfer Funds from/to Authorized Financial Institutions


To transfer funds to a regulated non-bank entity from your MG live trading account, please print the following form and submit to us.

Authorization to Transfer Funds from MG Financial LLC to Regulated Entities or other Authorized Financial Institutions.

To transfer funds to your MG live trading account from a regulated non-bank entity, please print the following form and submit to us.

Authorization to Transfer Funds from Regulated Entities or other Authorized Financial Institutions to MG Financial LLC.

Funds must be sent from the account holder(s) account at a bank or other financial institution or regulated entity of the type enumerated under the Commodity Exchange Act.

Should an account holder(s) choose to transfer their funds from their account at MG Financial LLC to a regulated entity or other authorized financial institution, MG Financial LLC must first receive proper authorization from the customer and from the receiving institution to transfer those funds.

 
 

 
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USDJPY104.72
  
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AUDUSD0.9399
  
USDCAD1.0038
  
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