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Compare Forex Brokers ForexGen And MIG fx - MIG Investments


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Subjective Ratings

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ForexGen

MIG fx - MIG Investments

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Zero Execution Rating Three and Half star Execution Rating
Transaction costs (spreads): Four and Half 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: Zero Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Zero Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Two and Half star Average Rating Four star Average Rating

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Business Details

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ForexGen

MIG fx - MIG Investments

 
Registered Business Name: ForexGen MIG Investments SA
Broker Headquarters: Oslo, Norway Neuchatel, Switzerland
Also has offices in: none none
Regulated By: Unregulated ARIF (Switzerland)
In business since year: 2006 2003
Broker Capital as of 04-2009 Unknown Unknown
Client Account Segregation: No No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Wire Transfer $10 $20
MethodDeposit FeeWithdrawal Fee
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Private investors UBS

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Trading Details

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ForexGen

MIG fx - MIG Investments

 
Browser platform: None none
Downloadable platform: ForexGen Metatrader 4 (MT4) MIG fx Metatrader 4 (MT4)
Mobile platform: None none
Phone dealing: No Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Mini Account 500:1* $250/$2,500 100/limited by margin
Standard Account 100:1* $2,500/unlimited 1,000/5,000,000
Pro Account 100:1* $5,000/unlimited 1,000/5,000,000
No Dealing Account 100:1* $20,000/unlimited 1,000/5,000,000
Premium Account 100:1* $50,000/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   - All accounts are swap-free   No swap-free accounts available
Tradeable Instruments: 26    34   
No Dealing Desk Execution: No No
Typical spread on EUR/USD: 1 pip (0.0001) 2 pips (0.0002) on Standard and Professional Accounts. 1 pip (0.0001) on Institutional Accounts.
Fixed spreads: No No
Guaranteed stop losses? No 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, on MT4 Yes
Trading Hours: Open: Sun 21:00GMT Close: Fri 20:00GMT 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: USD AUD, CAD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, 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, English, Norwegian 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: Yes, but not helpful Yes
Interest on Margin: No No
Promotions & tournaments: 10% of deposit on Mini and Standard Accounts at ForexGen Professional Accounts receive a rebaate of $1.5 per lot round turn.

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