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Compare Forex Brokers MIG fx - MIG Investments And AFB FX


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Subjective Ratings

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MIG fx - MIG Investments

AFB FX

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

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Business Details

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MIG fx - MIG Investments

AFB FX

 
Registered Business Name: MIG Investments SA AFB FX Limited
Broker Headquarters: Neuchatel, Switzerland Cyprus
Also has offices in: none none
Regulated By: ARIF (Switzerland) CySEC
In business since year: 2003 2010
Broker Capital as of 10-2009 Unknown Unknown
Client Account Segregation: No Yes, client funds are kept separate from company operating capital
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
PayPal $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $0
Main liquidity providers: UBS There are 6 liquidity providers, but names are unknown

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Trading Details

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MIG fx - MIG Investments

AFB FX

 
Browser platform: none AFB FX WebTrader
Downloadable platform: MIG fx Metatrader 4 (MT4) AFB FX Metatrader 4 (MT4)
Mobile platform: none Android,Blackberry,i-Mode,iPhone,Symbian (Nokia),Windows Mobile
Phone dealing: Yes Yes
Order processing: Market Maker ECN,STP No Dealing Desk
Account Types
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
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Professional Account 100:1* High Deposit 100,000/5,000,000 units Microlot trading available on request
Advanced Account 100:1* $50,000/unlimited 100,000/5,000,000 units Microlot trading available on request
Standard Account 200:1* $5,000/unlimited 10,000/5,000,000 units Microlot trading available on request
Micro Account 500:1* $50/unlimited 1,000/5,000,000 units
Mini Account 400:1* $1,000/unlimited 1,000/5,000,000 units
Swap-free accounts   No swap-free accounts available   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 34    46   
No Dealing Desk Execution: No There is no dealing desk intervention
Typical spread on EUR/USD: 2 pips (0.0002) on Standard and Professional Accounts. 1 pip (0.0001) on Institutional Accounts. 0.6 pips (Professional) to 2 pips (Micro)
Fixed spreads: No No
Guaranteed stop losses? Stop orders executed at best available price. Yes, limit and stop orders are guaranteed against slippage, except under market conditions
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes, traders can simultaneously hold both long and short positions in the same currency pair.
Automated Trading: Yes Yes
Trading Hours: From Sunday 23:00 CET through Friday 23:00CET 22:00 GMT on Sunday to 22:00 GMT on Friday
Timezone CET (Central European Time) GMT +2 (no Sunday bar)
Scalping allowed: No, scalping strategies are not Scalping is not allowed
Account currencies available: AUD, CAD, CHF, EUR, GBP, JPY, USD EUR, USD
Platform languages: 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 Many
Support languages: 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 Arabic, English
Demo account: 90 days  
Live chat support: Yes  
Interest on Margin: No No
Promotions & tournaments: Professional Accounts receive a rebaate of $1.5 per lot round turn.  

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