Order execution is fast. I'm not comparing it to other brokers but there is no big slippages and spreads for scalping trading. I do tens of trades a day and really satisfied.
I've experienced serious issues the past severals months - since they've been aquired by Swissquote the^offer doesn't match their services anymore.
BE CAREEFOUL; big spread during volatiy time and margin call (!) set at 25% with or without customer's consent.
The big ones is Credit Suisse who do retail FX, and also as UBS do FX...but not sure if is retail. Also there are ACM/Swiss Quote Bank.
I'm about to open a real account with MIG cos they offer the MT4. My really wanted to go with Dukas Copy but the guy there kept pushing for me to go on their JForex platform, I found out at the end that he was doing this cos even though you see MT4 on the Dukas site...they don't actually have it anymore, crappy and deceptive if you ask me!
I want to go with a Swiss broker, is there anyo other good broker, or Swiss bank that is worth for me to look in to? Thx.
What attracted me to MIG at the begining was their acquisition of the Swiss Bank Licence, the number of currency pairs they offered, 70 I believe, and their customer support which was ok. What has now pushed me to stop being their client is their MT4...too often I have experienced 5 to 60 minutes of down time. They claim it is not fully their fault being that the platfrom is a 3rd party platform, that said MIG should do whatever is required to solve the problem. They claim they are working on their own in-house platform but that they are still many months away from beta stage, and the choice to tradable markets(what I wanted when they became a bank) is also not for any immediate date.
All that said, the news of AC - Markets becoming part of Swissquote Bank can only come as breath of fresh (Swiss!) air for other traders sharing my sentiments, not just about MIG but other brokers who just...don't seem to reach the hype they spurt. I have had an ACM demo for 5 weeks now (webtrader, and not their version of MT4) and although it required me to adjust to the differences, I am finding it a far more complete platform. Maybe down the line I will see what Swissquote can now offer its ACM clients as well. This trully feels like the complete trader's package.
Before opening an account with MIG Bank, we recommend that you study reviews written by those who have already traded forex with this company and can share their personal views and impressions regarding various trading aspects. Reviews about MIG Bank, their customer service, trading platform and operational conditions reflect the real state of things, whereas brokers themselves naturally present just the bright side of their activity.
Trading with whichever forex company comprises many peculiarities that are impossible to be figured without being the broker's client. This is a specifically big challenge for forex newcomers, but real reviews of MIG Bank are a big support in making a decision about registration with the company of choice. At the same time all the traders have to understand that it is unwise to sign up with a broker only on the basis of other people's estimations. May your conclusion be discreet and well-balanced.
Stavros Lambouris is the CEO International for HYCM, a provider of online FX and CFD trading services to retail and institutional investors...Forex Interviews
MIG BANK is one of the leading Swiss based banks, besides banking offering online currency trading services. The company was established in 2003 as a bank and later started providing investing services. The broker’s headquarter is located in Lausanne, Switzerland. The broker’s services...
Regulation: FINMAMIG Bank trading information
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