I’ve been trading cryptocurrencies with MGC Logic for the past five months and a half, during which I assume I gained some insight into the company’s potential. Since there’s a growing interest when it comes to cryptocurrency trading and many people would like to do it, I would like to share my experience, some of the most important features which I think are important and a final remark on MGC Logic.
Trading Conditions
Since I never worked with brokers specialized in crypto trading, at first I decided to a basic account to test the trading conditions and to see whether the company will process a withdrawal. I made a $250 deposit with my debit card (wire transfers and e-wallets are also supported, but the debit card seems the best alternative for me) and opened the account. MGC Logic offers first deposit bonuses, but since I did want to make withdrawals without having to wait a lot of time, I refused it.
Speaking of the trading features, the basic account provides access to their Educational Center, Daily Market Reviews, Price Alerts, and Pro Webinars. Client support is available 6 days a week for all clients. After two months, I made a withdrawal, it had been processed the next day and because of that, I’ve decided to make an upgrade to a Bronze account.
Most of the features are the same, in this case, I got one-month assistance from an account manager and I see I get SMS signals each day. Some of them seem to work, although I generally want to make my own trading decisions. Even though MGC Logic advertises the Silver account as “best value”, I did not make any new upgrades, since I believe the bronze account is ok for now.
MGC Logic Academy
I think it will be important to talk about the Trading Academy since it provides a lot of useful resources. If you are looking for the basics of cryptocurrency trading, you’ll need to take the information from other places, but MGC Logic is providing above-average market analysis on a constant basis. Weekly market reviews, video chart analysis, technical and fundamental analysis are just a few of the examples.
Summary
I did not encounter any major inconvenience with MGC Logic, which means it is a trusted broker. Still, like any other brokerage company, it has both positives and negatives and it will be up to you to find the right balance in order to trade effectively.
