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MG FINANCIAL FOREX TRADING
MG Financial Forex Trading
        
MG Financial is a pioneer and innovator in the retail foreign exchange industry. Founded in 1992 with headquarters located in New York, MG has long established itself as a premier provider of online trading services in the foreign exchange market. Registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC) and being a member of the National Futures Association (NFA), MG Financial Group is committed to meeting the highest industry standards while serving its clients with the most comprehensive trading tools.
Established: USA 1992 (NFA, CFTC 0308808)
Capitalisation: Undisclosed
Languages: English, Russian, Chinese (Cantonese, Mandarin), Arabic, Spanish
MG Financial Forex Trading Screen Shot
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
Terms & Conditions
See website for details.
Account Information
Leverage: 1:100Commission: $0.00
Spread: FixedAverage PIP Spread: 3-5
Account Size (Min): $500Account Size (Max): Unlimited
Trade Size (Min): $10,000 
Market Maker: YesDirect Market Access (ECN/STP): No
Stop and Limit Orders: YesGuaranteed Stop Orders with Fee: No
Contingent Orders: YesTrailing Stops: Yes
Scalping: YesHedging: Yes
Dedicated Account Handlers: YesDiscretionary Management: No
Interest On Balance: NoIslamic Swap-Free Accounts: Yes
FX Forwards: NoOptions: No
Accepts US Citizens: Yes 
Traded Currencies Pairs: 10
(EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, AUD/JPY, EUR/JPY, GBP/JPY, EUR/GBP)
Base Currencies: 7
(USD Dollar, EURO, GBP British Pound, Japanese Yen, Swiss Franc, Australian Dollar, Canadian Dollar)
Introductory Offer
Credit for wire transfer. Waives service fees.
Setup Costs and Duration
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 and Costs
Wire Transfer, Checks, Debit/Credit Card, Pay Pal, Bank Drafts and Cashers Checks.
Additional Services
Trailing Stop, one click trading (for the platform)
CFD Trading: NoSpread Betting: No
Futures Trading: NoShare Dealing: No
Demo Account
Unlimited demo-account offering integrated Charts and complimentary free 30-day access to Dow Jones News and separate Charts and News Package.
Open Demo Account:
Software Information
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.
Software Requirements
Operating Systems: MAC, Windows, Vista supported. Software: Java
Training Facilities
DealStation User Guide, personalized walk throughs, and 24 hour Live Support Customer Service
24 Hour Trading: YesLive Chat Support: Yes
Live Stream Quotes: YesFree Phone Support: Yes
Mobile Trading: YesMobile Alerts: Yes
Automated Trading: NoAPI Access: No
        
REVIEWS
MG Financial Forex Trading (Which Way To Pay - 29/4/2009)
MG Financial Forex Trading is ranked 3 out of 5. Based on 1 review.

3 Star Rating

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