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Compare Forex Brokers UFX Bank And MIG fx - MIG Investments


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Subjective Ratings

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UFX Bank

MIG fx - MIG Investments

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

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Business Details

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UFX Bank

MIG fx - MIG Investments

 
Registered Business Name: UFX Trade LLC MIG Investments SA
Broker Headquarters: Israel Neuchatel, Switzerland
Also has offices in: Nicosia, Cyprus and Chicago, IL, USA none
Regulated By: Unregulated ARIF (Switzerland)
In business since year: 2009 2003
Broker Capital as of 05-2009 Unknown Unknown
Client Account Segregation: No No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
WebMoney $0 $0
Western Union $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Various major European banks UBS

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Trading Details

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UFX Bank

MIG fx - MIG Investments

 
Browser platform: UFX Bank by ParagonEX Trading Solutions none
Downloadable platform: None MIG fx Metatrader 4 (MT4)
Mobile platform: UFX Bank by ParagonEX Trading Solutions none
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum Account 200:1* $10,000/unlimited 10,000/20,000,000 units
Mini Account 200:1* $500/$999 5,000/200,000 units
Standard Account 200:1* $1,000/$4,999 5,000/1,000,000 units
Gold Account 200:1* $5,000/$9,999 5,000/2,000,000 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   - swap-free accounts are charged slightly higher spreads   No swap-free accounts available
Tradeable Instruments: 40    34   
No Dealing Desk Execution: Not available No
Typical spread on EUR/USD: 2 pips (0.0002) for Platinum Accounts, 3 pips (0.0003) for Gold Accounts, 4 pips (0.0004) for Standard Accounts, 5 pips (0.0005) 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, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage. Stop orders executed at best available price.
Trailing Stops: None Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: No Yes
Trading Hours: Sunday 9 pm GMT until Friday 9 pm GMT From Sunday 23:00 CET through Friday 23:00CET
Timezone GMT CET (Central European Time)
Scalping allowed: Minimum time to close a deal after opening it is 1 minute. No, scalping strategies are not
Account currencies available: USD AUD, CAD, CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, English, French, Portuguese, 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: Yes 90 days
Live chat support: Yes, during UFX Bank trading hours Yes
Interest on Margin: No No
Promotions & tournaments: 25% up to $5,000 free on new client deposits. Bonus must be traded 15,000 times in volume before withdrawals can be made. Professional Accounts receive a rebaate of $1.5 per lot round turn.

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