Does anyone trade with MIG? | Forex Factory

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Does anyone trade with MIG?

  • #1
  • First Post: Jul 2, 2009 11:53pm Jul 2, 2009 11:53pm
Quoting Bseegz28
This will only affect FCM's that are registered by the NFA so only US FCMS.
Does anyone trade with MIG (which is located in Switzerland)?

If so, will this broker be effected by the New NFA Rule http://www.fxcm.com/lp3-nfa-fifo.jsp

Also, are you pleased with the Services MIG provide?

I am trying to find a Non U.S. Broker, and I understand the Mig has Fix spreads & that the spread for Gbp/JPY is pretty good.

Any recommendations are truly welcome...

Thanks in advance.

http://www.forexfactory.com/images/misc/progress.gif

  • #2
  • Jul 3, 2009 12:06am Jul 3, 2009 12:06am
MIG is not regulated by NFA
migfx.com/about-us/regulatory-environment/
  • #3
  • Jul 3, 2009 2:01am Jul 3, 2009 2:01am
MIG = The Reigning Requote King!! (And beating Alpari-US and IBFX for the title ain't easy)
  • #4
  • Jul 3, 2009 2:44am Jul 3, 2009 2:44am
Tony,

I have been with MIG for almost 2 years, for me, they are playing a fair game. If you are a quick type of a trader like getting in & out fast, you will get alot of requote ringing bell. Other than that, there are pretty good comparing to other brokers.

BK
  • #5
  • Jul 3, 2009 3:02am Jul 3, 2009 3:02am
Quoting Tony1
Does anyone trade with MIG (which is located in Switzerland)?

If so, will this broker be effected by the New NFA Rule http://www.fxcm.com/lp3-nfa-fifo.jsp

Also, are you pleased with the Services MIG provide?

I am trying to find a Non U.S. Broker, and I understand the Mig has Fix spreads & that the spread for Gbp/JPY is pretty good.

Any recommendations are truly welcome...

Thanks in advance.

http://www.forexfactory.com/images/misc/progress.gif

...
MIG are absolutely awful. If you want a non-US broker, try FXCM-UK.
  • #6
  • Jul 3, 2009 3:52am Jul 3, 2009 3:52am
Haven't FXCM been pulled up several times by the regulatory authorities?
  • #7
  • Jul 4, 2009 1:12am Jul 4, 2009 1:12am
I heard from many that MIG have CRAP Execution !
Charting Markets into the Future...MǎҖ€¥.
  • #8
  • Jul 4, 2009 12:40pm Jul 4, 2009 12:40pm
Quoting bkoori
Tony,

I have been with MIG for almost 2 years, for me, they are playing a fair game. If you are a quick type of a trader like getting in & out fast, you will get alot of requote ringing bell. Other than that, there are pretty good comparing to other brokers.

BK

I hear the spreads are fixed, and are the requotes that other have mentioned, are they only during like non farm payroll days? I Reside in the United States and looking for a broker that I can do hedging and that want widen the spreads, and a brokers, that I can use stop losses.

If you or anyone have another suggestion that meet these requirements other than MIG, I am all ears.

Tony1
  • #9
  • Aug 16, 2009 2:16am Aug 16, 2009 2:16am
My MIG platform is not connected since yesterday, anyone have same problem?
  • #10
  • Aug 16, 2009 2:40am Aug 16, 2009 2:40am
Hey, Tony1, don't you get tired with "I hear..." answers?

Try and see it for yourself. Put as little money as you can if you afraid they're just as awful as some people said. Otherwise, jump right in.
  • #11
  • Last Post: Aug 19, 2009 9:23am Aug 19, 2009 9:23am
mig has been my broker for over a year. i have no problems with them. yes the do have requotes. for medium to long term traders this is fine. but scalpers will not like it. really depends on your trading style. bottom line is they have always paid me when withdrawing. always.
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