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Compare Forex Brokers Oanda And MIG fx - MIG Investments


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Subjective Ratings

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Oanda

MIG fx - MIG Investments

Charting: Two star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Three and Half star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Three 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: Three star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Three star Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Five star Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Four 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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Oanda

MIG fx - MIG Investments

 
Registered Business Name: Oanda Corporation MIG Investments SA
Broker Headquarters: Toronto, Canada Neuchatel, Switzerland
Also has offices in: Virtual offices in New York and Hong Kong none
Regulated By: NFA (0325821)
FCM registered with CFTC
ARIF (Switzerland)
In business since year: 2002 2003
Broker Capital as of 11-2008 $170,799,434 Unknown
Client Account Segregation: No No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Check (US clients) $0 $0
PayPal $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: P Morgan Chase, Citibank, UBS, Deutsche Bank and Royal Bank of Canada UBS

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Trading Details

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Oanda

MIG fx - MIG Investments

 
Browser platform: FXTrade (proprietary) - MAC compatible none
Downloadable platform: No MIG fx Metatrader 4 (MT4)
Mobile platform: FXTrade (proprietary) - MAC compatible none
Phone dealing: No Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 50:1* No mininum or maximum requirem 1/10,000,000
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   No swap-free accounts available   No swap-free accounts available
Tradeable Instruments: 39    34   
No Dealing Desk Execution: Yes No
Typical spread on EUR/USD: 0.9 pips (0.00009) 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: Server-side Client-side
OCO orders available: Yes No
If/then orders available: Yes No
Hedging capability: No Yes
Automated Trading: No Yes
Trading Hours:   From Sunday 23:00 CET through Friday 23:00CET
Timezone User-defined CET (Central European Time)
Scalping allowed: Yes No, scalping strategies are not
Account currencies available: USD AUD, CAD, CHF, EUR, GBP, JPY, USD
Platform languages: Chinese, English, German, Japanese, Spanish 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: 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: Unlimited 90 days
Live chat support: Yes Yes
Interest on Margin: Yes No
Promotions & tournaments: None Professional Accounts receive a rebaate of $1.5 per lot round turn.

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