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Compare Forex Brokers HY Markets And MIG fx - MIG Investments


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Subjective Ratings

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HY Markets

MIG fx - MIG Investments

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

MIG fx - MIG Investments

 
Registered Business Name: Henyep Investment (UK) Limited MIG Investments SA
Broker Headquarters: London, UK Neuchatel, Switzerland
Also has offices in: Dubai, Hong Kong none
Regulated By: FSA (186171) ARIF (Switzerland)
In business since year: 1977 2003
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: HSBC London No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
MasterCard $0 $0
PayPal $0 $0
Visa $0 $0
Visa Electron $0 $0
Wire Transfer $0 ($250 Min) $0 ($100 Min)
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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HY Markets

MIG fx - MIG Investments

 
Browser platform: HY WebTrader none
Downloadable platform: HY Markets Metatrader 4 (MT4) MIG fx Metatrader 4 (MT4)
Mobile platform: HY WebTrader none
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Premium Account 200:1* $2,500 100,000 units
Standard Account 200:1* $750/unlimited 10,000 units
Mini Account 200:1* $50/unlimited 2,000 units
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: 42    34   
No Dealing Desk Execution: Yes No
Typical spread on EUR/USD: 3 pips (0.0003) for Premium, 5 pips (0.0005) for Standard, 7 pips (0.0007) for Mini Accounts 2 pips (0.0002) on Standard and Professional Accounts. 1 pip (0.0001) on Institutional Accounts.
Fixed spreads: No No
Guaranteed stop losses? Yes 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: Sunday 22:00 GMT to Friday 20:00 GMT 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: Bulgarian, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Hungarian, Italian, Japanese, Korean, Lithuanian, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Ukrainian 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, English 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: No 90 days
Live chat support: Yes Yes
Interest on Margin: No No
Promotions & tournaments:   Professional Accounts receive a rebaate of $1.5 per lot round turn.

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