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Compare Forex Brokers FXCM And MIG fx - MIG Investments


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Subjective Ratings

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FXCM

MIG fx - MIG Investments

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Five star Execution Rating Three and Half star Execution Rating
Transaction costs (spreads): Four 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: Five 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: Four star Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Four and Half 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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FXCM

MIG fx - MIG Investments

 
Registered Business Name: Forex Capital Markets LLC MIG Investments SA
Broker Headquarters: New York City, USA Neuchatel, Switzerland
Also has offices in: London, Hong Kong and Tokyo none
Regulated By: USA: NFA (0308179), registered FCM with CFTC
UK: FSA (217689)
Hong Kong: SFC (CE: AIM232)
ARIF (Switzerland)
In business since year: 1999 2003
Broker Capital as of 11-2008 $131,416,979 Unknown
Client Account Segregation: Available to all clients of FXCM UK which welcomes US-based clients. No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
ACH $0 $0
Check $0 $0
MasterCard $0 $0
Visa $0 $0
Wire Transfer $0 $40
MethodDeposit FeeWithdrawal Fee
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: 10 top-tier banks - names not disclosed UBS

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Trading Details

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FXCM

MIG fx - MIG Investments

 
Browser platform: Java Trading Station (for Mac users) or FXCM ActiveTrader none
Downloadable platform: FXCM Trading Station 2.0, FXCM MetaTrader 4 (MT4) MIG fx Metatrader 4 (MT4)
Mobile platform: Java Trading Station (for Mac users) or FXCM ActiveTrader none
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Gold Account 200:1* $25,000/unlimited 10,000/50,000,000
Standard Account 200:1* $2,000/unlimited 10,000/50,000,000
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       No swap-free accounts available
Tradeable Instruments: 32    34   
No Dealing Desk Execution: All orders No
Typical spread on EUR/USD: 2.3 pips (0.00023) 2 pips (0.0002) on Standard and Professional Accounts. 1 pip (0.0001) on Institutional Accounts.
Fixed spreads: No No
Guaranteed stop losses? All orders are 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
Hedging capability: No Yes
Automated Trading: Yes, on MT4 Yes
Trading Hours: Sunday 5:00PM ET to Friday 4:00PM ET From Sunday 23:00 CET through Friday 23:00CET
Timezone User-defined (GMT is the defau CET (Central European Time)
Scalping allowed: Yes, FXCM does not impose any restrictions on your trading style. No, scalping strategies are not
Account currencies available: AUD, CAD, EUR, GBP, JPY, NZD, USD AUD, CAD, CHF, EUR, GBP, JPY, USD
Platform languages: English 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, French, German, Italian, Japanese, Portuguese, Russian, Spanish, 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: 30 days 90 days
Live chat support: Normally 24/7 but may be down for weekly maintenance outside of trading hours. Yes
Interest on Margin: No No
Promotions & tournaments: Courses and seminars/webinars with professional traders offered to real account holders. Gold account holders also get preferred treatment, free ProRealTime Charting package and a complimentary $1,000 daytrading course. Professional Accounts receive a rebaate of $1.5 per lot round turn.

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