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migfx.ch Review

Overall Rating: (2.250)
Total Reviews:45
Last Updated:2008-12-01
Special Notes:
Other websites of this brokerage include swissnetbroker.com
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Felix Homogratus, USA

Rating:No Rating
Date of Post:2006-02-16
Review:I do not have any experience with this broker. If you have used them, please kindly submit your review above.

hammer, Canada

Rating:
Date of Post:2008-09-06
Review:They are real fast to close your position when you are taking a loss but REQUOTE after REQUOTE when you are in a profitable position. Had 7 requotes on Sept.4 with EUR/JPY, just for one example. That is how "blackbox" brokers operate. Bottom line: don't trade with brokers who use the "blackbox". You can't win. Why else would they use them?

Flamenco143, Central Florida

Rating:
Date of Post:2008-08-31
Review:I've been live with them for over a year. Never had a major problem (minor ones quickly resolved) and they certainly have never 'stolen' a penny from me!

Spreads are good, and execution of trades is instantaneous. Very good broker!

Jan, Slovenia

Rating:
Date of Post:2008-05-25
Review:I am with MIG from April 2007. Yes, there were some requotes when I was trading GBPJPY in July and August 2007, but it was a volatile time, so I don't believe this has anything with bad intentions.

Also when I set TP and SL on my orders, everything got filled correctly to the pip, even as the market was very volatile.

I might wich for the SWAP rates to be equivalent, since I like to hold positions for longer periods (months).

Last year I traded intraday most of the time (and lost money), but for me it's long term that makes the profit it seems.

I am very satisfied with customer service, communication with the company.

For me they are good.

Regards,

Jan

not know, London

Rating:
Date of Post:2008-05-11
Review:they will still your money everything bad reported in this post is true, they are pure scum stay well clear i repete stay well clear

Emmet, California

Rating:
Date of Post:2008-05-06
Review:Best research team! Best customer service! I have no bad things to say about them. This is one of the fastest growing fx brokers and they are changing their branding structure to become a Bank, which tells me they are sensitive about their reputation. I would recommend to take another look at MIG to those that are negative on them.

Linda, Jordan

Rating:
Date of Post:2008-05-02
Review:Price manipulation

spread manipulation

trading order manipulation

different scam and rubbing stategy with different customers !

Manuel, Mexico

Rating:
Date of Post:2008-02-16
Review:Excellent broker, great service, fast response, rarely a requote. I have been with them for over a yea now. No complaints. just profits. big time.

People who complain about them, dont seem to know how currency brokerage works. And thats why they are probably lossing money.

Remeber, only 10 to 15 % of forex dealers make actual money, the rest dont make the cut. No wander why they complain

Don Thayer, Steamboat Springs, Colorado

Rating:
Date of Post:2007-12-22
Review:2 pip spread on majors, lots of requotes during news announcements which I think is typical. The bottom line: I tripled my account in two months, withdrawing profit every two weeks(no problems there), lost the full account in the third month because I refused to take a loss - I held a trade from $3200 down to $34. I ended up with a 100% net profit after the loss - $3500 to $7100. My only issue is requotes, in this case I accepted a requote and got requoted 3-4 times before my trade went through.

gurmal , sacramento

Rating:
Date of Post:2007-11-12
Review:Today is my last day with them. I am new to forex and earned 10,000 Euro within 22 days. They stoped me out today. I did not play by my rules and was waiting it out i could have closed a few open trades. I have a chat that says they dont do margin call only on fridays if it is a negative. I also also had issues with them not closing accounts right away. I lost alot of money today because they were not straight up. the great thing it was market money but this company can not be trusted. I only was with them becouse i like meta trader 4 and i like the denomination to be in euros.
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Disclaimer and Risk Warning. Please read.

Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Disclaimer All information posted on this website is of our opinion and the opinion of our visitors, and may not reflect the truth. Please use your own good judgment and seek advice from a qualified consultant, before believing and accepting any information posted on this website. We also reserve the right to remove, edit, move or close any post for any reason.