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Compare Forex Brokers MIG fx - MIG Investments And Trading Point Forex


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Subjective Ratings

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MIG fx - MIG Investments

Trading Point Forex

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 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: Four star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Three and Half star Withdrawal processing Rating Five 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

Trading Point Forex

 
Registered Business Name: MIG Investments SA Trading Point of Financial Instruments
Broker Headquarters: Neuchatel, Switzerland Limassol, Cyprus
Also has offices in: none None
Regulated By: ARIF (Switzerland) FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2003 2009
Broker Capital as of 10-2009 Unknown Unknown
Client Account Segregation: No Yes, client funds are segregated 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
NETeller $0 $0
Wire Transfer $0 $0
Main liquidity providers: UBS Unknown

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Trading Details

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MIG fx - MIG Investments

Trading Point Forex

 
Browser platform: none None
Downloadable platform: MIG fx Metatrader 4 (MT4) Trading Point Metatrader 4 (MT4)
Mobile platform: none No
Phone dealing: Yes Yes
Order processing: Market Maker All orders routed through 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:
Micro 500:1* $1/$3,000 1,000/100,000 units Swap-free (Islamic) optional
Executive 100:1* $100,000/unlimited 100,000/5,000,000 units Swap-free (Islamic) optional
Standard 200:1* $3,000/$100,000 100,000/5,000,000 units Swap-free (Islamic) optional
Swap-free accounts   No swap-free accounts available   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 34    58   
No Dealing Desk Execution: No All orders are automatically routed straight through. Dealing desk exists only to deal over the phone.
Typical spread on EUR/USD: 2 pips (0.0002) on Standard and Professional Accounts. 1 pip (0.0001) on Institutional Accounts. 1.9 pips (0.00019)
Fixed spreads: No Optional (variable by default, but client can request fixed)
Guaranteed stop losses? Stop orders executed at best available price. No, all orders are 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, traders can hold both long and short positions in the same currency pair at the same time.
Automated Trading: Yes Yes
Trading Hours: From Sunday 23:00 CET through Friday 23:00CET 00:00 GMT Sunday - 00:00 GMT Friday
Timezone CET (Central European Time) GMT
Scalping allowed: No, scalping strategies are not Yes, all trading methods are accepted.
Account currencies available: AUD, CAD, CHF, EUR, GBP, JPY, USD AUD, CHF, EUR, GBP, JPY, 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 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
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, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: 90 days 30 days
Live chat support: Yes Yes
Interest on Margin: No Yes on unused margin
Promotions & tournaments: Professional Accounts receive a rebaate of $1.5 per lot round turn. 20% bonus on initial deposit, 10% on all subsequent deposits.

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