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Compare Forex Brokers FXcast And MIG fx - MIG Investments


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Subjective Ratings

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FXcast

MIG fx - MIG Investments

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Three and Half 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 and Half star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Three 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 star Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Three and Half star Average Rating Four star Average Rating

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Business Details

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FXcast

MIG fx - MIG Investments

 
Registered Business Name: FXcast, a Surplus Finance S.A. Company MIG Investments SA
Broker Headquarters: Mauritius Neuchatel, Switzerland
Also has offices in: Central Europe, Indonesia, China, Middle East, Malaysia, Africa none
Regulated By: FSC Mauritius under the Financial Services Development Act 2001 ARIF (Switzerland)
In business since year: 2007 2003
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: Yes, funds held at Pireaeus Bank, Cyprus No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
AlertPay $0 1% (min. $8)
c-Gold $0 1% (min. $8)
CC by Moneybookers 2% 2%
Liberty Reserve $0 1% (min. $8)
MasterCard 5.5% Withdraw to bank acc
Moneybookers $0 1% ($8 min.)
Perfect Money $0 0.5% (min. $8)
Solid Trust Pay $0 1% (min. $8)
StrictPay $0 1% (min. $8)
Visa 5.5% Withdraw to bank acc
WebMoney $0 $5
Wire Transfer $0 1.5% ($30-$65)
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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FXcast

MIG fx - MIG Investments

 
Browser platform: None none
Downloadable platform: FXcast MetaTrader 4 (MT4) MIG fx Metatrader 4 (MT4)
Mobile platform: FXcast Metatrader 4 (MT4) Mobile none
Phone dealing: No Yes
Order processing: Market Maker or Straight-Through Processing based on lots traded and risk profile as determined by FXcast risk server Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 400:1 $10/unlimited 1,000/5,000,000
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   Swap-free accounts incur a $0.05 fee per 1,000 unit round-turn trade.   No swap-free accounts available
Tradeable Instruments: 36    34   
No Dealing Desk Execution: Available No
Typical spread on EUR/USD: 2 pips (0.0002) 2 pips (0.0002) on Standard and Professional Accounts. 1 pip (0.0001) on Institutional Accounts.
Fixed spreads: Yes No
Guaranteed stop losses? Yes - all limit orders experience NO slippage Stop orders executed at best available price.
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: Yes Yes
Trading Hours: Sunday 11:00 p.m. GMT and end each Friday 11:00 p.m. From Sunday 23:00 CET through Friday 23:00CET
Timezone GMT CET (Central European Time)
Scalping allowed: No No, scalping strategies are not
Account currencies available: EUR, USD AUD, CAD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Chinese, Croatian, English, French, German, Indonesian, Malay, Portuguese, Russian 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: Chinese, English, French, German, Indonesian, Malay, Portuguese, Russian, Spanish 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: 4 weeks 90 days
Live chat support: Yes - during trading hours Yes
Interest on Margin: No No
Promotions & tournaments: On-going tournaments - visit site for details. Professional Accounts receive a rebaate of $1.5 per lot round turn.

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