Mustadaama Global Markets offers Standard, Pro and Elite accounts through MT5, with published entry balances of $50, $1,000 and $10,000. Spread floors and FX leverage differ by tier. The 30-day swap-free option is conditional and revocable, while the company’s Mauritius licence and legal names require entity-specific reading.
Accounts, eligibility and retail account conditions
Sections ↑MGM publishes a usable three-tier schedule. Standard emphasises a lower opening amount; Pro offers a lower spread floor; Elite requires substantially more funding and leaves its commission to a quote. A lower spread alone cannot establish the cheapest all-in account.[5]
Live account comparison
| Account | Minimum, USD | Spread from | FX leverage up to | Distinctive terms |
|---|---|---|---|---|
| Standard | 50 | 1.0 pip on EUR/USD | 1:500 | MT5, web and mobile; swap-free by approvalSource 5 |
| Pro | 1,000 | 0.1 pip | 1:300 | Depth of Market; EAs subject to rulesSource 5 |
| Elite | 10,000 | 0.0 pips when conditions allow | 1:100 | Commission on request; dedicated supportSource 5 |
Account activation
Markets, exposures and what each instrument actually represents
Sections ↑The home page shows a specific short list of FX, metal, index and share symbols. It supports describing those markets but not inventing a total symbol count, crypto catalogue or guaranteed access to every contract for every residence.[1][2][3]
Markets, exposures and what each instrument actually represents
| Feature | Terms and scope |
|---|---|
| FX | EUR/USD and GBP/USD illustrated as trading pairs.Source 1Source 2Source 3 |
| Metals | XAU/USD and XAG/USD shown in live marketplace examples.Source 1Source 2Source 3 |
| Indices | US30 and DE40 are shown.Source 1Source 2Source 3 |
| Shares | AAPL and MSFT are examples on instrument list.Source 1Source 2Source 3 |
| Energy/crypto | Not enough source evidence to claim every energy or crypto category is enabled; confirm via symbol list.Source 1Source 2Source 3 |
Spreads, commissions, financing and total trading costs
Sections ↑The account page does not publish a complete cross-market commission or financing tariff. Elite’s “commission on request” is a real pricing input still needed for comparison; it must not be entered as zero in a calculator.[5]
Pricing conditions that change the comparison
| Item | Terms |
|---|---|
| Spread floors | Minimum advertised quotes, not observed averagesSource 5 |
| Elite commission | Quoted on requestSource 5 |
| Swap-free duration | Available for 30 daysSource 5 |
| Swap-free discretion | Management can apply, modify or revoke status without prior noticeSource 5 |
Platforms, order handling, margins and execution risk
Sections ↑Platforms, order handling, margins and execution risk
| Feature | Terms and scope |
|---|---|
| Trading platform(s) | MetaTrader 5; available features depend on the actual licensed/onboarding entity.Source 1Source 2Source 3 |
| Margin and leverage | Treat account-level maximum as a ceiling; symbol- and equity-specific requirements may be more restrictive.Source 1Source 2Source 3 |
Published account capabilities
Deposits, withdrawals, settlement and account currencies
Sections ↑Deposits, withdrawals, settlement and account currencies
| Feature | Terms and scope |
|---|---|
| KYC | Verification required to activate account.Source 1Source 2Source 3 |
| Withdrawal ownership | Proof of beneficiary and original funding source may be required.Source 1Source 2Source 3 |
| Time limits | No assured public withdrawal timetable or fee matrix verified.Source 1Source 2Source 3 |
| Currency | Ask for client money account and settlement currency.Source 1Source 2Source 3 |
| Bonus credit | No contractual withdrawability inferred from any displayed promotion.Source 1Source 2Source 3 |
Legal counterparties, permissions and client-money protection
Sections ↑The firm’s use of “registered”, “licensed”, “representative office” and “global business” labels refers to different legal capacities. A client needs the actual Investment Dealer permit and contracting party, not merely a corporate registration.[2][1][3]
Legal counterparties, permissions and client-money protection
| Feature | Terms and scope |
|---|---|
| Firm naming | Privacy page identifies MGM Limited, Mustadaama Global Markets and MGM Group Ltd in differing roles.Source 2Source 1Source 3 |
| Claimed registration | Privacy lists MGM Limited company number 217130.Source 2Source 1Source 3 |
| FSC licence | GB24203493 appears without identical suffix in some pages; verify firm-specific current entry.Source 2Source 1Source 3 |
| Client money | Site language about protecting assets is a company statement, not an insured bank certificate.Source 2Source 1Source 3 |
| Compensation | No verified statutory private-client compensation amount.Source 2Source 1Source 3 |
Customer service, complaints and documentary evidence
Sections ↑Customer service, complaints and documentary evidence
| Feature | Terms and scope |
|---|---|
| Complaint policy | Broker directs customers to official customer and complaint channels.Source 1Source 2Source 3 |
| KYC help | Account-activation support is offered.Source 1Source 2Source 3 |
| Language | Specific global response times not independently measured.Source 1Source 2Source 3 |
| Regulator route | Ask FSC to check the actual company name/number if the broker site terminology differs.Source 1Source 2Source 3 |
Special services, automation, promotions and restrictions
Sections ↑Special services, automation, promotions and restrictions
| Feature | Terms and scope |
|---|---|
| MT5 tools | Charts, pending orders and EAs exist in MT5 but terms determine permitted use.Source 1Source 2Source 3 |
| Demo | Virtual-money environment is not evidence of live execution.Source 1Source 2Source 3 |
| Introducing brokers | IB/partnership entry is advertised; compensation and inducement terms differ from client terms.Source 1Source 2Source 3 |
| Statements | A live account statement is necessary to reconcile trading and charge entries.Source 1Source 2Source 3 |
| API/AI | No separate authorisation to delegate trading to third-party agents verified.Source 1Source 2Source 3 |
Corporate background, regional availability and open questions
Sections ↑The licence shown on the regulation page includes a suffix that is absent from the privacy statement. That is not by itself proof of a licence problem, but it prevents treating the brand, holding company and licensed counterparty as interchangeable until the client agreement is inspected.[2][3][1]
Corporate background, regional availability and open questions
| Feature | Terms and scope |
|---|---|
| Brand | Mustadaama Global Markets (MGM).Source 2Source 3Source 1 |
| Privacy identity | MGM Limited no. 217130 is referenced.Source 2Source 3Source 1 |
| Regulation page | FSC GB24203493/L28A25RBO1 is claimed.Source 2Source 3Source 1 |
| Group statement | MGM Group Ltd and a representative office appear in policy; client-contract role unresolved.Source 2Source 3Source 1 |
| Jurisdiction | Mauritius; regional onboarding scope must be checked.Source 2Source 3Source 1 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
MGM Limited / Mustadaama Global Markets (published identities)
No separate licence entry is recorded in this panel.
Sources & further reading
- Multiasset service, symbol examples and company claim Mustadaama Global Markets · Accessed 22 Oct 2026
- Regulation, client identity and complaints Mustadaama Global Markets · Accessed 22 Oct 2026
- MGM Limited identity and group entity descriptions Mustadaama Global Markets · Accessed 22 Oct 2026
- Mauritius securities regulation scope Mauritius FSC · Accessed 22 Oct 2026
- Standard, Pro, Elite and demo account schedule Mustadaama Global Markets · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.