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Compare Forex Brokers MIG fx - MIG Investments And Saxo Bank


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Subjective Ratings

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MIG fx - MIG Investments

Saxo Bank

Charting: Four and Half star Charting Rating Five star Charting Rating
Execution: Three and Half star Execution Rating Four 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 Five star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Five star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Five 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 Four star Rollover interest rates Rating
Withdrawal processing: Three and Half star Withdrawal processing Rating Three and Half 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

Saxo Bank

 
Registered Business Name: MIG Investments SA Saxo Bank
Broker Headquarters: Neuchatel, Switzerland Copenhagen, Denmark
Also has offices in: none London, Singapore, Tokyo
Regulated By: ARIF (Switzerland) Saxo Bank is a fully regulated bank in Denmark.
In business since year: 2003 1992
Broker Capital as of 10-2009 Unknown Unknown
Client Account Segregation: No No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
PayPal $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
Credit Card 1.8% - 2.5% 1.8% - 2.5%
Debit Card $0 $0
Wire Transfer Bank Fees Bank Fees
Main liquidity providers: UBS Top tier-1 banks

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Trading Details

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MIG fx - MIG Investments

Saxo Bank

 
Browser platform: none Saxo WebTrader
Downloadable platform: MIG fx Metatrader 4 (MT4) Saxo Trader
Mobile platform: none Saxo WebTrader
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
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:
Saxo Premium 200:1* $100,000/unlimited 1,000/unlimited
Saxo 200:1* $10,000/unlimited 1,000/unlimited
Swap-free accounts   No swap-free accounts available   No swap-free accounts available
Tradeable Instruments: 34    8   
No Dealing Desk Execution: No Not available
Typical spread on EUR/USD: 2 pips (0.0002) on Standard and Professional Accounts. 1 pip (0.0001) on Institutional Accounts. 2 pips (0.0002)
Fixed spreads: No No
Guaranteed stop losses? Stop orders executed at best available price. All orders are executed at best available price.
Trailing Stops: Client-side Server-side
OCO orders available: No Yes
If/then orders available: No Yes
Hedging capability: Yes Yes - used margin is cleverly cancelled on hedged positions
Automated Trading: Yes No
Trading Hours: From Sunday 23:00 CET through Friday 23:00CET  
Timezone CET (Central European Time)  
Scalping allowed: No, scalping strategies are not Yes
Account currencies available: AUD, CAD, CHF, EUR, GBP, JPY, USD AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, 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 English
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 English
Demo account: 90 days 20 days
Live chat support: Yes Available to real account holders.
Interest on Margin: No No, On Net Free Equity
Promotions & tournaments: Professional Accounts receive a rebaate of $1.5 per lot round turn. None

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