Montel Group -Overview of Minimum Deposit, Leverage, Spreads

General Information

Launched in 2011, Montel Group is established brokerage firm that is headquartered in Hong Kong, with direct branches in the United States, Vanuatu and Sydney, Australia. Montel Group gives clients the opportunity to trade on popular financial instruments, including foreign exchange, precious metals, major global indices and more, with spreads as low as 0.0 pips, as well as the leading MT5 trading platform that can be accessed on any device.

Market Instruments

Traders who use this broker will have access to a bulk of more than 100 trading assets overing foreign exchange, precious metals, energy and major global indices.

Foreign Exchange: offers up to a dozen of the most popular currency pairs, such as EUR/USD, USD/CAD, GBP/USD, etc.

Precious metals: Offer a selection of precious metals spot trading, including gold (XAUUSD) and silver (XAGUSD).

Crude oil: supply US crude oil (USOIL) trade

Indices: Global major indices, like HK50, GER30, S&P 500 Index;

Cryptocurrency: Popular digital currencies, such as Bitcoin (BTC/USD), Ether (ETH/USD), and Ripple (XRP/USD), among others.

Minimum Deposit

The minimum deposit to start trading with Montel Group keep as secret. Most brokers require a minimum deposit around $200, and some big players in the forex industry like HotForex, XM offers micro accounts, only $5 is enough to start to invest with them.

How to open an account？

Setting up a new account is a simple and quick process. After selecting the “Create Live Account” option and filling out the subsequent form, the necessary login information will be sent to your mailbox as soon as the process is finished.

Leverage

The maximum trading leverage offered by Montel Group is up to 1:500, which is a generous offering. However, since leverage can magnify your profits, but it can also cause to fund losses, especially to inexperienced traders. Therefore, it is essential for traders to choose the proper amount based on their risk tolerance.

Spreads & Commissions

Montel Group says it works with many liquidity providers to offers its clients a low-spread trading environment. Spreads are used by many forex brokers in today's market to compute the total cost of trading; as a result, brokerages that offer competitive spreads have significant client demand.

Trading Platform Available

Montel Group offers its clients access to one of the most well-known and commonly used online trading platforms, known as MetaTrader5 to our clients (MT5). Powerful charting tools, including more than 50 technical indicators and intraday analysis tools, are available to traders on the MT5 trading platform.

Since it's so user-friendly, it's quickly become the go-to platform for online trading. Besides, Montel Group MT5 offers demo option for beginners to practice their strategies and test trading environment.

Deposit & Withdrawal

Concerning deposit and withdrawal, Montel Group does not make this part clear. Some common and popular payment options supported by most forex brokers include Wire Transfer, MasterCard, VISA, Maestro, as well as a series of e-wallet processors like Skrill, Neteller, PayPal, and more. When determining the dependability of a forex broker, one of the most important considerations to take into account is how quickly withdrawals may be processed.

Customer Support

A broker's ability to provide excellent customer service cannot be understated. With Montel Group, customers can reach multilingual customer care by phone, live chat, call back service, or email with any trading-related issues.

E-mail: support@mtmotr.com