MIG Bank Review and Information 2023

	MIG Bank
Voting Rating	MIG Bank does not participate in the Forex Rating Submit Forex Broker
Reviews Rating
Status	Closed
Regulation	FINMA
Trading software	Meta Trader 4
Headquartered	4, Avenue d'Ouchy, 1006 Lausanne - Switzerland

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 and activities are regulated by such major financial regulator as FINMA. The Swiss Bank license gives the company’s clients extra confidence in their funds safety and the broker’s reliability.

The trading accounts with the broker start from $2000 with leverage reaching up to 500:1 and pip spreads on major currency pairs starting from 0.5 pips. The broker offers its customers the worlds’ most popular trading platform – MetaTrader4, which is a powerful trading tool, allowing automated trading and executing trading orders in no time. The broker provides its clients with the best trading conditions on the market and low and tight spreads, daily financial reviews, technical analysis and much more useful financial data.

The broker’s customers have the possibility to trade in comfortable trading environment without dealer involvement, requites and any restrictions on trading techniques and strategies.

MIG Bank Trading Information 2023

WWW	http://www.migbank.com/
Address	4, Avenue d
Headquarters	Lausanne
Free phone	800 644 000 00
24 hour support
Partnership programs
Free education
Mobile trading
Automated trading
Demo account
Swaps
24/5 trading
Accepts US traders
Scalping
Digits after the dot in quotes	5
Minimum position size	0.1
Spread Type	variable
Pip spread on majors	2-4
Maximum Leverage	500:1
STP, $
ECN, $
Standard account, $	10000
Mini account, $	2000
Popular payment methods	Credit Cards, PayPal, Wire Transfer
Account currencies	EUR, USD, GBP, JPY
Available assets
Languages	English, Spanish, Chinese, Japanese, Arabic, Italian, Greek, Korean, German, Portuguese, Russian, French, Turkish
Platforms	MetaTrader 4
Broker type
Regulation	FINMA
Foundation	2003

MIG Bank Reviews and Comments

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.
Thyberius 3 Jul 2016 Reply

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.
Intraday Man 15 Jun 2014 Reply

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.
Aalbertje 25 Nov 2010 Reply

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.
MT4 24 Nov 2010 Reply

Collaborate with a Reliable Forex Broker

HF Affiliates is one of the leading Partnership Programs in the industry featuring competitive commissions, marketing tools and exceptional support. With the best commission structure and tailor-made products, we can help you achieve your expectations with high revenue share, multi-tier affiliate tracking system, no set-up fees to join and an auto-rebate system.

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.
Milo Butcher 2 Nov 2010 Reply

All MIG Bank Reviews

Related Forex Brokers

#	Forex Broker	Reviews	Status	For	Against	Type	Regulation	Leverage	Account
1	FXTM	Reviews	Recommended	95	5	Broker, ECN	CySEC, FCA, IFSC	1000	$100
2	OctaFX	Reviews		94	6	Broker	SVG	500	$50
3	XM	Reviews	Recommended	93	7	Broker	ASIC, CySEC, FSC, DFSA	1000	$5
4	FXCC	Reviews	Recommended	92	8	ECN, STP	CySEC, SVG	500	$1
5	HFM	Reviews	Recommended	91	9	Broker	CySEC, FCA, DFSA, FSCA, FSA, CMA	2000	$0
6	FxPro	Reviews	Recommended	89	11	Broker, NDD	CySEC, FCA, FSCA, SCB	500	$100
7	FXCM	Reviews	Recommended	87	13	Broker	FCA, ASIC, SFC, CONSOB, BaFin, ACP	30	$300
8	MultiBank Group	Reviews		86	14	ECN	ASIC, BAFIN, CIMA, ESCA, FSC, MAS, FMA, TFG, HKCE, AUSTRAC, VFSC	500	$1000
9	RoboForex	Reviews	Recommended	85	15	Broker, NDD, STP	FSC	2000	$10
10	Libertex	Reviews	Recommended	84	16	MM	CySEC	30	$100
11	Vantage	Reviews		83	17	Broker	CIMA, VFSC, ASIC, FCA, FSCA, FSC	500	$200
12	FP Markets	Reviews		81	19	ECN, STP, DMA	ASIC, CySEC, FSCA	500	$100
13	Just2Trade	Reviews		80	20	Broker	CySEC, NFA, FINRA, SIPC	500	$100
14	AMarkets	Reviews	Recommended	78	22	Broker	The Financial Commission, The Financial Supervisory Commission (FSC) of Cook Island	3000	$100
15	IronFX	Reviews		77	23	MM, ECN, STP	FCA, FSCA, CySEC	30	$100
16	Amega	Reviews		74	26	STP	Investment Dealer Licence: GB22200548, authorized and regulated under the Financial Services Commission, Mauritius	1000	$20
17	Rentalzi	Reviews	New	74	26	MM	n/a	200	$2500
18	Exness	Reviews		74	26	MM, NDD	FSA, CySEC , FCA , FSCA , CBCS ,FSC, FSC (Mauritius)	1000	$1
19	T4Trade	Reviews		73	27	ECN, STP, MM	Seychelles Financial Services Authority (FSA)	1000	$50
20	Geetle	Reviews	New	73	27	MM	n/a	400	$5000

All Forex Brokers

Submit Forex Broker