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Thread: MIG Bank

  1. #11
    Quote Originally Posted by ;
    Deposit fund could be done with paypal..hmm. . I like this one

    Cheers.
    Yeah, congrats to MIG! Like the comment says, when they were ok without scalping before they should continue to be ok I think. Yea, ACM to proceed and only Dukas. Dukas only accept cable transfer to fund.ACM also let you scalp and paypal fund and they cover the paypal charge also.

  2. #12
    Back in Switzerland ACM is way to go, They are altering name look on Google for Devisenmacht. Thats them. They offer full ECN etc, for more information please pm me

    Regards
    Peter

  3. #13
    I really don't knew but I believe mig is among the best broker in world and I enjoy there honest and how they deal with traders

  4. #14
    I possess a demo MIG because of the meta trader platform to do my home work

  5. #15
    Quote Originally Posted by ;
    I have a demo MIG because of the meta trader platform to do my home work
    what Would you Consider mig in thr Actual accounts and have you Attempted mpt

  6. #16
    We have coped with MIG for a number of years. In our expertise Mig are for the most part a well run and honest broker, and I am aware of no seriously dissatisfied customers (except people who have broken their declared anti-scalping policy). I've discovered their client service good, their study profitable and their backoffice trustworthy. And since they encourage MT4/5 we can utilize trade direction automation in their platform.

    Thats the Fantastic part. Now to the criticism.

    And we've got just one.

    Their trade costs are in my view, uncompetitive.
    As they're a dealing desk, and dont charge commission, their margin is built into their spread. And their spreads are seriously greater than, for instance, Dukascopy (STP) whom we additionally use.

    They added a raft of exotics and small crosses for their offering but at even more absurd spreads. As I write, trade cost on a lot (100k foundation) AUDNZD from MIG costs over $100 and with Dukascopy roughly $35 inc commision... and with ODL about the same. AUDJPY around $70 vs c$30!
    Till they offer you a appropriate STP alternative IMHO they are not competitive.

    However they're safe and run, therefore I'd have no reluctance based on my experience together , to recomend them for reduced quantity, swing or standing systems, or people wishing to diversify their brokerage program. Trust that this could be of help.


    Below see some Snapshot examples of current spreads as applied to accounts up to $50,000 . .
    (And note that MIG quotes AUDJPY NZDUSD as 4 digits thus insert a 0 to people 6s.)


  7. #17
    The spreads that they show up in their site aren't at all seen in real life trading.Always the spreads are larger and I have never seen the lowest spread they promised since 4months. As soon as we ask them about this they answered they're target spreads lol.

  8. #18
    My personal experience with MIG was a disaster.

    - severe slippage

    - freezing of platform manner too often and at times when there was money to be made

    - Unable to close positions that resulted in lesser pips or on occasion a reduction.

    IMOisn't a Fantastic broker.

  9. #19
    Does anybody have experience with MIG?

  10. #20
    I've recently opened an account from MIG and shut it a couple weeks ago because a different broker began offering better trading conditions to get a pair I trade most. MIG is a great broker, very speedy implementation, fantastic customer service and very beneficial backoffice.

    Main turn me off was the difference between swap/rollover rates. (You give a lot $$$ but earn less $$) It's essential for me since I trade long time frames.

    IMO it's a broker you can expect, withdrawing money is really fast (although I reside in Turkey I've received it another day) but the prices are relatively a bit greater. If a person does not maintain a position open for months 16, should not be an issue.

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