MG FINANCIAL FOREX TRADING
MG Financial Forex Trading (Forex Trading)
        
MG Financial provide online trading services for the foreign exchange market. MG Financial accepts customer orders via the internet as well as over the phone and maintain that their greatest asset is its people. The firm has recruited all nationalities and backgrounds in order to obtain its own in-house global environment.
Location: USA
Capitalisation: Undisclosed
Established: 1992
Regulation: NFA, CFTC 0308808
Languages: English, Russian, Chinese (Cantonese, Mandarin), Arabic, Spanish
Advantages:
1. Commission-free trading *
2. Transparent and accurate pricing **
3. Competitive and fixed Spreads
4. Flexible leverage up to 100:1 to accommodate your trading style.***
5. Adjustable unit sizes with FlexiTrading enable you to trade both full and fractional units from the same platform
6. Deposits, withdrawals and balance conversions in USD, EUR, GBP, AUD, CAD, CHF, and JPY
7. Mobile (cell phone and PDA) trading and a foreign exchange alert service
8. Custom Charts and Real-Time News from Dow Jones Newswires
9. Forex Demo Contest
10. Professional and easy to use trading platform * MG is compensated by the "spread" ** Spread Fixed Under Normal Market Conditions *** Higher leverage increases the risk of loss
Disadvantages:
1. No MetaTrader 4 software support
2. Withdrawals also require paperwork.
3. Only 1 free withdrawal a month, then $15 for each additional request.
4. The "free" wire transfer will cost $25 for USD accounts, and $35 for EUR, JPY, GBP, These are bank charges. AUD and CAD accounts.
5. No indices, derivatives, precious metals, oil or hedging
6. No separate mini and standard accounts. But clients can trade both fractional and standard size units from the same platform
Services:
Trailing Stop, one click trading (for the platform)
 
CFD Trading: No
Spread Betting: No
Futures Trading: No
Share Dealing: No

Spread Type: Fixed
Spread: 3-5 pips
Leverage: 1:100
Overnight Interest Rate (Long): Dependent on currency pair
Overnight Interest Rate (Short): Dependent on currency pair
Minimum Account: $500
Minimum Trade: $10,000

Orders:
Stop and Limited Orders
Contingent Orders
Markets:
USD Dollar, EURO, GBP British Pound, Japanese Yen, Swiss Franc, Australian Dollar, Canadian Dollar
Products:
EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, AUD/JPY, EUR/JPY, GBP/JPY, EUR/GBP
Platform:
Platform: DealStationFX
 
DealStationFX is fully integrated with the most important trader-centric features for faster execution, better decision making, and the highest degree of convenience. Offering flexibility, customizability, and streamlined order management combined with integrated fundamental and technical analysis and ease of use, the platform allows traders to adapt the platform layout to suit their preferences while customizing orders characteristics to meet their trading needs. Clients are able to trade directly from charts, rapidly place orders by using the "One-Click" option, enhance their technical analysis by integrating key fundamental figures as well as Dow Jones news into the charts, and much more.
 
MG's new DealStationFX can be viewed in different languages: English, Chinese, Russian, and Spanish with more languages being currently implemented.

Set Up Process:
Application can be approved within 24 hours and we will send a client our deposit instructions so the account can be funded and opened
Funding Methods:
Wire Transfer, Checks, Debit/Credit Card, Pay Pal, Bank Drafts and Cashers Checks.
Training Services:
DealStation User Guide, personalized walk throughs, and 24 hour Live Support Customer Service
 
24 Hour Trading: Yes
Live Chat Support: Yes
Live Stream Quotes: Yes
Free Phone Support: Yes
Mobile Trading: Yes
Mobile Alerts: Yes
Automated Trading: No
API Access: No
Support Services:
Trailing Stop, one click trading (for the platform)
Introductory Offer:
Credit for wire transfer. Waives service fees.
Number Of Base Currencies: 7
USD Dollar, EURO, GBP British Pound, Japanese Yen, Swiss Franc, Australian Dollar, Canadian Dollar

Direct Market Access: YesMarket_Marker: No
Mobile Trading: YesMobile Alerts: Yes
Automated Trading: NoAPI Access: No
Scalping: YesHedging: Yes
Interest On Balance: NoIslamic Accounts: Yes
US Citizens: Yes

Forex Trading: YesCFD Trading: No
Futures Trading: NoShare Dealing: No
Spread Betting: No
        
REVIEWS
MG Financial (Which Way To Pay - 21/4/2010)
MG Financial is ranked 3 out of 5. Based on 1 review.

3 Star Rating

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