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Compare Forex Brokers AvaTrade And MIG fx - MIG Investments


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Subjective Ratings

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AvaTrade

MIG fx - MIG Investments

Charting: Four star Charting Rating Four and Half star Charting Rating
Execution: Five star Execution Rating Three and Half star Execution Rating
Transaction costs (spreads): Three and Half star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Four star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four and Half star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four star Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four star Average Rating

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Business Details

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AvaTrade

MIG fx - MIG Investments

 
Registered Business Name: AvaTrade MIG Investments SA
Broker Headquarters: Tel Aviv, Israel Neuchatel, Switzerland
Also has offices in: British Virgin Islands as well as Ireland (it is a question whether these are real offices or not). none
Regulated By: Central Bank of Ireland ARIF (Switzerland)
In business since year: 2006 2003
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: Client funds segregated in accounts at Commerzbank, NatWest, Allied Bank, Net Bank No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
WebMoney $0 $0
Wire Transfer $0 $0 (min $500)
MethodDeposit FeeWithdrawal Fee
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Unknown UBS

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Trading Details

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AvaTrade

MIG fx - MIG Investments

 
Browser platform: AvaJava none
Downloadable platform: AvaFX Metatrader 4 (MT4),AvaTrader (ActTrader) MIG fx Metatrader 4 (MT4)
Mobile platform: AvaJava (for Android),AvaJava (for Blackberry),AvaJava (for iPad),AvaJava for iPhone none
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum 400:1* on MT4, 200:1* on ActTr $10,000/unlimited 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Silver 400:1* on MT4, 200:1* on ActTr $100/$999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Gold 400:1* on MT4, 200:1* on ActTr $1,000/$9,999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Institutional Account 100:1* $500,000/unlimited 10,000/20,000,000
Standard Account 200:1* $5,000/unlimited 10,000/20,000,000
Professional Account 100:1* $100,000/unlimited 10,000/20,000,000
Swap-free accounts   Yes - no extra charges and available to everyone, not just Islamic traders   No swap-free accounts available
Tradeable Instruments: 43    34   
No Dealing Desk Execution: No No
Typical spread on EUR/USD: 3 pips (0.0003) 2 pips (0.0002) on Standard and Professional Accounts. 1 pip (0.0001) on Institutional Accounts.
Fixed spreads: Yes No
Guaranteed stop losses? No - orders executed at best available price Stop orders executed at best available price.
Trailing Stops: Server-side Client-side
OCO orders available: Yes No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: On MT4 and ActTrader Yes
Trading Hours: The platform is closed from Friday 9 pm GMT until Sunday 9 pm GMT From Sunday 23:00 CET through Friday 23:00CET
Timezone GMT CET (Central European Time)
Scalping allowed: Fast trading is OK. Arbitrage is not. No, scalping strategies are not
Account currencies available: EUR, USD AUD, CAD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Chinese, Dutch, English, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Slovak, Spanish, Turkish Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: Arabic, Chinese, Croatian, Dutch, English, Finnish, French, German, Greek, Hebrew, Hindi, Indonesian, Italian, Japanese, Malay, Norwegian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Spanish, Swedish, Turkish, Urdu Afrikaans, Arabic, Cantonese, Czech, Danish, English, French, German, Greek, Hindi, Indonesian, Italian, Japanese, Korean, Malay, Mandarin, Norwegian, Polish, Portuguese, Russian, Slovak, Spanish, Swedish, Turkish, Ukrainian, Urdu
Demo account: 21 days 90 days
Live chat support: Yes - very helpful staff Yes
Interest on Margin: No No
Promotions & tournaments: 25% bonus on your first deposit. AvaFX debit card available for easy withdrawals. Professional Accounts receive a rebaate of $1.5 per lot round turn.

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